Steven Baum, CPA, is a member of Brock Capital Group LLC and Managing Partner Emeritus of Marks Paneth & Shron LLP. For eight years, he served as the co-managing partner of the firm and played an integral role in the firm’s evolution and growth. He oversaw the firm’s operations and managed its business development efforts. He also served on both the Executive and Operating Committees of the firm.
Mr. Baum began his career with Paneth, Haber & Zimmerman LLP, a Certified Public Accounting Firm. He became a partner in 1974 and then managing partner in 1992, building a successful accounting practice in business and tax consulting and personal financial management along the way. With a vision of creating a CPA firm that met the total financial needs of its clients, he co-engineered a merger in 2000 with Marks Shron & Company, a CPA firm with complementary capabilities. These efforts resulted in the creation of Marks Paneth LLP, which today offers a full range of auditing, accounting and tax services as well as litigation, financial advisory and management advisory services.
With more than four decades of industry experience, Mr. Baum has developed deep expertise in business and tax consulting, specializing in advising high net worth individuals and their businesses and earning a reputation as a trusted and knowledgeable advisor.
Mr. Baum has held leadership positions with a number of professional groups and organizations. He is a Past President of the New York State Society of CPAs and he has served as a member of its Board and as chairman or member of various committees and task forces, including the Foundation for Accounting Education, the Scholarship Task Force, the Members Insurance Committee, the Professional Conduct Committee, and the Municipal, State and Federal Taxation committees. He is also a member of the New York State Bar Association and the American Institute of CPAs, where he previously served on its Governing Council. Often sought out for commentary on a variety of business and tax topics, he is a former editorial advisor to The CPA Practitioner and is a frequent speaker at professional conferences.
In addition to these accomplishments, Mr. Baum takes great pleasure in donating his time and expertise to several community and charitable organizations. He is the Secretary/Treasurer and a Trustee of the Dorot Foundation (an organization that supports educational and cultural activities related to Jewish heritage) and the Union Square Fund (which provides monetary awards to recognize and support innovative grassroots projects and organizations responding to pressing social issues in NYC). He also serves as a director of The Foundation for Global Sports Development. Within his community, Mr. Baum was re-elected four times to the Board of the Northport-East Northport School District and served a term as its president.
The accolades Mr. Baum has received reflect the diversity of his contributions to his profession and his community. He has received the Fifth Annual Friend of Education Award from the United Teachers of Northport and has been honored for his contributions to the accounting profession with two awards from the New York State Society of CPAs: the 1988 Arthur J. Dixon Public Service Award and the 2002 Distinguished Service Award. He has also received the 1988 Public Service Award from the AICPA, an honor reserved for only one CPA in each state.
Mr. Baum is licensed in New York State and has been admitted to practice before the United States Tax Court. He holds a B.A. from Queens College, an L.L.B. from Brooklyn Law School, and an L.L.M. the New York University School of Law.