DEB DEL TORO, CARRIE DEMAKIS AND BRENDAN DONOVAN PROMOTED

Boston, MA – CBIZ Tofias, part of the nation’s 7th largest accounting and tax provider, has promoted three Managers to Directors.  The newly promoted Directors are Debra Del Toro, EA, MST, a member of the Tax Group and based in the Boston, MA office; Carrie Demakis, CPA, MSA, a member of the Accounting and Auditing Group and based in the Boston, MA office; and Brendan Donovan, CPA, MSA, a member of the Accounting and Auditing Group and based in the Providence, RI office.

"Deb, Carrie and Brendan were elected to our team of 17 Directors because of their commitment to providing high-quality accounting and tax services to our clients, with the goal of helping them strengthen their financial positions.   CBIZ Tofias is committed to investing, developing and retaining the best talent to service our clients and continue to grow our company.  Deb, Carrie and Brendan are outstanding individuals who have greatly contributed to the growth and success of our clients," comments Tracy Gallagher, Senior Managing Director.

Deb provides tax consulting, planning and review services for high net worth individuals and family groups, included related services for fiduciary and partnership returns.  In addition, Deb performs year-end tax planning to high net worth individuals and assists clients with representation before taxing authorities.  She received a Bachelor of Science degree and a Master of Science in Taxation degree from Northeastern University.

Carrie has more than 10 years of accounting and auditing experience with privately-held and public companies in the manufacturing, retail, wholesale/distribution, professional services, and technology industries. She is also a member of the Not-for-Profit & Education Practice, where she works with educational institutions, religious organizations, foundations, membership associations, and health and human service providers. Carrie’s experience includes managing financial statement audits and reviews, evaluating and offering recommendations on internal controls, operations and accounting issues, and consulting on various related matters. Carrie received a Bachelor of Science degree from Bowling Green State University and a Master of Science in Accounting from the University of Notre Dame.   

Brendan has more than nine years of experience working with private equity and venture capital firms, investment companies, colleges and universities and privately-held companies. He is skilled in valuation methodologies and auditing direct and fund-of-fund investments under the fair value accounting standards and assisting clients in such areas. In addition, Brendan is experienced in managing financial statement audits and reviews, evaluating internal controls and providing related recommendations, and training the firm’s accounting and auditing personnel in the Private Equity & Venture Capital and Not-For-Profit & Education Practices. Brendan received a Bachelor of Arts in Accounting degree from Assumption College and a Master of Science in Accounting from Suffolk University.

CBIZ Tofias is a leading accounting provider with offices nationwide including Boston, Providence, New Bedford and Newport. CBIZ Tofias operates in association with Mayer Hoffman McCann P.C. – Tofias New England Division, an independent CPA firm, that delivers audit and other attest services. CBIZ Tofias and Mayer Hoffman McCann work seamlessly together to service their clients. Together, the companies rank as the 7th largest accounting provider in the U.S. (Source: Accounting Today).

Forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. Such risks and uncertainties include, but are not limited to, the Company’s ability to adequately manage its growth; the Company’s dependence on the current trend of outsourcing business services; the Company’s dependence on the services of its CEO and other key employees; competitive pricing pressures; general business and economic conditions; and changes in governmental regulation and tax laws affecting its insurance business or its business services operations. A more detailed description of such risks and uncertainties may be found in the Company’s filings with the Securities and Exchange Commission.