Background
The Firm was founded in Cleveland, Ohio as a sole proprietorship in 1938 by Walter B. Stone. Lewis B. Frauenthal joined the firm in 1956, shortly thereafter became a partner, and then managing partner. Steven H. Newman joined the Firm in 1983 and in 1985 became a shareholder. For over thirty years the Firm’s office was located on Euclid Avenue at East 18th Street. In June of 1988 the Firm moved to expanded, refurbished quarters in the Park Plaza building on Chester Avenue and remained there until 2002. In December of 2002, the Firm moved to their current location on the tenth floor of the Ohio Savings Plaza building on East Ninth Street.
In May of 2005, after nearly 50 years of professional practice, Mr. Frauenthal retired from the firm and the accounting profession. Steven H. Newman is now President of the firm. Including Steve, the firm consists of sixteen employees, which includes four certified public accountants.
On November 1, 2016 Nicholas Fanous also became a shareholder of the firm.
Newman & Company, CPAs provides a full range of professional services that include: accounting, tax planning and compliance, personal financial and estate planning, business planning, business valuations, litigation support, mergers and acquisition support and IRS representation.
The firm has operated under different ownership over the years; however, its basic philosophy has remained the same: to provide the highest quality and personal attention to small and medium size businesses and the families that own and operate them. Our clients benefit from the expertise, quality of work and commitment to success of our talented professional staff.
Our Mission and Vision
To deliver the highest quality experience for EVERY client EVERY time.
Demonstrate personal responsibility and professionalism in every action and interaction for our clients and with each other.
As a firm, we strive for honest, ethical, and professional actions. We are committed to an atmosphere of mutual respect and support to achieve a productive and rewarding work experience. As a firm of diverse professionals, Newman & Company, CPAs is committed to constant self-improvement and training in order to provide for the firm’s overall success.
Our Team
| Steven H. Newman, CPA, CVA | PHONE: 216-781-6106 x102 | BIO | ||||
| Nicholas M. Fanous, CPA | PHONE: 216-781-6106 x110 | BIO | ||||
| Adam R. Miller | PHONE: 216-781-6106 x103 | BIO | ||||
| Julie A. Brandon | PHONE: 216-781-6106 x104 | BIO | ||||
| Thomas M. Woisnet, CPA | PHONE: 216-781-6106 x106 | BIO | ||||
| Elizabeth Stepteau | PHONE: 216-781-6106 x100 | BIO | ||||
| Karen Temple | PHONE: 216-781-6106 x112 | BIO | ||||
Steven H. Newman is the Managing Shareholder and President of Newman & Company, CPAs. He joined the firm in 1983 as an Accounting Manager and became a Shareholder in 1985. Prior to joining Newman & Company, CPAs, Steve was a senior internal auditor and accounting manager for the Diamond Shamrock Corporation. A native Clevelander, Steve received his Bachelor of Business Administration in Accounting, Magna Cum Laude from Kent State University, Kent, Ohio, in 1979.
In addition to being a CPA, Steve received his certification as a Certified Valuation Analyst (CVA) in 1998. As a CVA, Mr. Newman values businesses for sales acquisitions, estate and gift tax planning, divorce and other litigation matters. Steve is a member of the American Institute of CPAs (AICPA), the Ohio Society of CPAs (OSCPA), the Tax Club of Cleveland, and the National Association of Certified Valuation Analysts (NACVA).
As an active member of the Northeast Ohio Apartment Association, he also serves clients as a consultant in real estate and other tax matters. Mr. Newman is very active in community service projects and organizations. He is the past Treasurer of the Ronald McDonald House of Cleveland. Steve is a past board member of the ALS Association – Lou Gehrig’s disease, Northern Ohio Chapter and Board Member and past Treasurer of Temple Israel Ner Tamid. He hosted the radio show “Financial Opportunities” which aired on WCLV 104.9 FM on Sunday mornings from 2006 through 2012. Steve served on the South Euclid-Lyndhurst finance advisory committee and was the Treasurer for the school system’s levy campaign. In addition, he enjoys volunteering for Habitat for Humanity.
The following details his background, continuing education, professional associations and civic activities.
BACKGROUND
- Graduate of Kent State University in 1979 Bachelors of Science in Accounting, Magna Cum Laude
- Accounting Manager and Internal Auditor for The Diamond Shamrock Corporation from 1979 through 1983
- Certified Public Accountant, 1983
- Certified Valuation Analyst, 1998
CONTINUING EDUCATION, PROFESSIONAL ASSOCIATIONS AND CIVIC ACTIVITIES
- Member NACVA (National Association of Certified Valuation Analysts)(1998-present)
- Member CEIR (Center for Economic and Industrial Research)(1983-present)
- Member AICPA (American Institute of Certified Public Accountants)(1983-present)
- Member OSCPA (Ohio Society of Certified Public Accountants)(1983-present)
- Member Tax Club of Cleveland (1990-present)
- Member COSE (Council of Smaller Enterprises)(1983-present)
- Member NOAA (Northeast Ohio Apartment Association)(various years and present)
- Past board member of the ALS Association (Lou Gehrig’s disease), Northern Ohio Chapter (2005-2008)
- Board member and past Treasurer of Temple Israel Ner Tamid (2007-present)
- Hosted the radio show “Financial Opportunities” airing on WCLV 104.9 FM on Sunday mornings (2006-2012)
- Served as Treasurer, Ronald McDonald House of Cleveland (1996-2002)
- Served on South Euclid/Lyndhurst Finance Advisory Committee (1989-1993)
- Served as Treasurer, Citizens for South Euclid/Lyndhurst Schools (1989-1993)
newman@newmancpas.com 216-781-6106 x102
Nicholas M. Fanous is a shareholder of Newman & Company, CPAs. Nick joined the firm in 2015 and brings with him over 20 years of public accounting experience working with public and private companies in a diverse spectrum of industries including: manufacturing, distribution, oil and gas, personal services and not-for-profit. Prior to joining Newman & Company, CPAs, Nick was a Mergers & Acquisitions Tax Director with Grant Thornton LLP. Nick received his Bachelor of Science in Business Administration in Accounting from Cleveland State University in 2002, and is a 1998 alumnus of St. Ignatius High School.
Nick’s professional experiences include but are not limited to:
- Providing full service tax compliance, tax planning and consulting services to corporate, individual and not-for profit clients
- Audit and attestation services for both for-profit and non-for-profit entities
- Pass-through entity formation and taxation
- Providing tax due diligence services for both buy-side and sell-side business transactions
- Assisting clients with tax efficient structuring of acquisition and divestiture transactions
In addition to being a CPA licensed to practice in the State of Ohio, Nick is also affiliated with:
- American Institute of Certified Public Accountants
- Ohio Society of CPAs
- Ronald McDonald House Charities of NEO – Treasurer and Board Member
- Incarnate Word Academy – Treasurer and Board member
nfanous@newmancpas.com 216-781-6106 x110
Adam R. Miller is a Manager and an Enrolled Agent with Newman & Company, CPAs. He joined the firm in December 2013. Prior to joining Newman & Company, CPAs, Adam was a Senior Staff Accountant with Your Bean Counters, Inc. Adam has 20 years’ experience working within public, non-profit and real estate accounting. He received his Bachelors of Science in Business Administration majoring in Accounting from Ohio Northern University in Ada, Ohio in 2001.
Adam’s professional experiences include but are not limited to:
- Providing full service tax compliance, tax planning and consulting services to corporate, individual and not-for profit clients
- Audit and attestation services for both for-profit and non-for-profit entities
- Business valuations and litigation support
- Accounting and tax planning for real estate transactions
- Start-up business accounting and bookkeeping setup
Adam’s civic activities:
- Treasurer – Cleveland Blues Base Ball Club (August 2012-Present)
- Bookkeeper – Girl Scouts’ Troop
adam@newmancpas.com 216-781-6106 x103
Julie A. Brandon is a Senior Accountant with Newman & Company, CPAs. She joined the firm in August 2006. Prior to joining Newman & Company, CPAs, Julie was a Staff Accountant with Mastercraft and Tyre in Mesa, Arizona and a Billing Coordinator with Brett Linden Lawn Maintenance in Avon, Ohio. Julie received her Bachelor of Science in Business majoring in Accounting and a Bachelor of Arts in Political Science at Miami University in Oxford, Ohio, both in 2003. She also participated in Miami’s Capstone in Strategic Management course. This is an intense course on managing a company while competing with others in the class to see who could make the largest profit. The team she was on won this competition.
julie@newmancpas.com 216-781-6106 x104
Tom Woisnet is a part-time accountant with Newman & Company, CPAs. He was a twenty-five year veteran of the Cleveland Fire Department and a degreed accountant and CPA. In addition to serving the department, he pursued an interest in accounting on a part-time basis working for the firm. Tom worked for the firm as a part-time accountant in the 1990’s and rejoined the firm in February 2006. During tax season, he assists with compliance for high net worth individuals.
A listing follows showing his background, continuing education, and professional associations.
BACKGROUND
- Graduate of Cleveland State University with a Bachelors of Business Administration in Finance
- From 1984 to 2005, a Staff Accountant for both Shalek & Associates and Jurcago & Company.
- Certified Public Accountant
- Member of the Cleveland Fire Department since March of 1981
- Promoted to Captain in the Cleveland Fire Department in 1997
- District Field Representative for Westinghouse Credit Corporation
CONTINUING EDUCATION, PROFESSIONAL ASSOCIATIONS AND CIVIC ACTIVITIES
- Member AICPA (American Institute of Certified Public Accountants)
- Member OSCPA (Ohio Society of Certified Public Accountants)
- Served approximately one year at the Fire Prevention Bureau
- Served approximately one year at the Fire Training Academy
- Served approximately one year at the Fire Storeroom
tom@newmancpas.com 216-781-6106 x106
Elizabeth Stepteau is the staff accountant with Newman & Company, CPAs. She joined the firm in September 2006. Before joining the team at Newman & Company, CPAs, Liz managed a pharmacy as well as being its top pharmacy technician. Born and raised in Brooklyn, New York, she relocated to Cleveland in 2006.
A listing follows showing her background
BACKGROUND
- Attended Baruch College from 1996 to 1998 with a Major in Accounting
- Secretary and Receptionist for the Firm from September 2006 to the present
- Manager and Pharmacy Technician for Best Care Pharmacy in New York from May 2005 thru August 2006
- Administrative Assistant for Taxes Computerized Associates in New York from November 2004 to May 2005
- Office Manager for a Medical Doctor in New York from November 2002 to October 2004
- Manager of Future Tan in New York from June 2000 to January 2002
elizabeth@newmancpas.com 216-781-6106 x100
Karen Temple is an independent contractor and the Director of Development for Newman & Company, CPAs. She joined the firm in February 2008 and has worked in the field of marketing and graphic design since 1988. She also has a side business that she started in 1999 called Karen’s Cheesecakes that sells gourmet cheesecakes and has over one hundred regular customers.
Prior to joining Newman & Company, CPAs, Karen worked in various industries and companies in a marketing capacity. Some of her responsibilities and tasks were making sales calls, setting appointments with follow-ups to contacts and as a designer in their graphic arts departments.
Karen graduated with a Bachelor of Arts degree concentrating in Graphic Design from Kent State University. She also received an Associates of Liberal Arts degree from the University of Cincinnati.
A listing follows showing her background and education:
BACKGROUND
- Graduate of Kent State University with a Bachelors of Arts in Graphic Design
- Graduate of University of Cincinnati with an Associates of Liberal Arts
- Owner and baker for Karen’s Cheesecakes from 1999 to the present
- Marketing and Sales activities for the following:
- U.S. Network from 2004 to 2006
- Akron Cotton Products from 1993 to 2002
- PRD Graphics from 1990 to 1993
- Penton Media from 1988 to 1990
karen@newmancpas.com 216-781-6106 x112
