McKonly & Asbury, an accounting, tax, and business advisory services firm headquartered in Camp Hill, PA, with offices in Lancaster and Bloomsburg, announced the merger of Morris J. Cohen & Co., P.C. effective January 1, 2024. The Philadelphia location will be the fourth office for McKonly & Asbury.

Morris J. Cohen began its professional practice in 1929 and is highly regarded in the Philadelphia area for their experience in audit and tax planning, and compliance. The addition of the Morris J. Cohen professional and administrative personnel to the McKonly & Asbury team will enhance these service capabilities. The Philadelphia office, led by Managing Directors Frank Cellucci, CPA and Michael Bonventure, CPA will continue operating from the current location at 1601 Market Street, Suite 2525.

Managing Directors of Morris J. Cohen, Frank Cellucci and Michael Bonventure, said…

“After 94 years of providing uniquely tailored services in Philadelphia and the surrounding communities, we’ve decided our clients and staff would be best served by combining with a firm to provide additional service offerings as well as growth opportunities for our staff. Our ideal partner is a firm that shares the same values, is culturally aligned, and allows us to service our clients in the same manner with the same service staff that we always have. Our long-standing relationship and mutual respect of our organizations makes McKonly & Asbury the perfect partner for our needs. We are extremely excited to bring the McKonly & Asbury team and service offerings to the Philadelphia market!”

This transaction offers McKonly & Asbury the opportunity to provide Morris J. Cohen’s current clients with unique specialty and niche services, including business valuations, Service Organization Control (SOC) audits, cybersecurity services, and HITRUST. The Philadelphia office also provides a location for the firm to leverage its combined depth and experience to reach clients in industries previously unserved by Morris J. Cohen.

“As we celebrate our 50th anniversary, I can’t think of a better way to mark this milestone than by expanding our physical presence into the Philadelphia market through the addition of the Morris J. Cohen team,” said Michael Hoffner, Managing Partner at McKonly & Asbury. “Our two firms have enjoyed a working relationship for more than a decade, and through that time have developed a mutual respect for each other and recognized the similarities in our cultures and in how we serve our clients.  Joining together will create greater opportunities for all of our people, increase our impact on the communities in which we work and live, and truly serve to enhance our collective ability to help our clients succeed.”

About McKonly & Asbury

McKonly & Asbury is a leading regional accounting and business advisory services firm, founded on an unwavering commitment to provide superior service to their clients, while serving the communities in which they work and live. They serve as trusted advisors, providing valued business insight to many of the region’s most well-known organizations. The firm offers technical expertise in advisory and business consulting, audit and assurance, entrepreneurial support and client accounting services, internal audit and management consulting, tax, and technology. McKonly & Asbury’s industry-specific solutions also meet the complex needs of clients, providing services to organizations in Affordable Housing, Architectural, Engineering and Construction, Employee Benefit Plans, Family-Owned Business, Healthcare, Manufacturing and Distribution, Nonprofit, Technology, and more.

McKonly & Asbury is headquartered in Camp Hill, PA with offices in Lancaster and Bloomsburg. The firm has been voted as a Best Place to Work in Pennsylvania for nineteen years; Best Accounting Firm to Work for in the United States for eight years; and Best Accounting Firm for Women for two years. The firm has earned ClearlyRated’s Best of Accounting® 5-Year Diamond Award for service excellence for the past five years. McKonly & Asbury is an independent member of PrimeGlobal, one of the top five largest associations of independent public accounting firms in the world. For more information, visit www.macpas.com.

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