A longtime CPA and early pioneer in providing specialized, full-service tax management to self-employed individuals and small business owners in the LA documentary film and NYC reality television industries, Richard M. Prinzi, Jr., and his tax and entertainment profession partners now offer these time-tested financial necessities to freelancers in the music industry through F-Sharp Tax Management Services.
“The stories of the financial collapses of some of the most popular bands and artists are things of legends. Just like the TV industry in NYC, the music industry is full of freelance professionals that live job to job and have some success, punctuated with lean times. The support professionals suffer similar problems as the artists, however, their good years are not as big and they rarely make royalties. They earn a good wage, but have to stay under contract to make ends meet and avoid the debt spiral of taxes. That’s where F-Sharp Tax Management came from,” said Richard about the inspiration behind F-Sharp. “We brought together legendary tour professionals and former musicians to translate what we do into a language that is relatable to the modern day, music industry professional. Our teams redefined the way tax and accounting firms operate, to provide this service, to this market, at rates that cannot be compared to traditional firms.”
Richard started out in Staten Island, graduating from St. Peters High School, then The College of Staten Island, with a Bachelor’s of Science Degree in Accounting with highest honors. He joined Deloitte & Touche, LLP, as an audit professional in the financial services business unit, specializing in audit and consulting for international broker dealers and retail companies. Richard became a Certified Public Accountant in July 1995. In 2001, Richard left to develop his private practice, forming the partnership of Prinzi & Tapinis.
In 2005, Richard consolidated his business entities forming Integrated Financial Services, Inc. (“IFS”). With his three partners and 12 employees, he oversees a practice providing tax, accounting, financial planning, forensic accounting, legal and various consulting services to individuals and small businesses. IFS has offices in Staten Island, Brooklyn and Manhattan, and serves more than 4,000 clients per year.
Currently he manages his own private practice while providing CEO services to several Accounting and Tax firms including F-Sharp Tax Management, Actor’s Taxes, Professional Tax Alliance and Limelight Production Management Services.
The practices are national with offices in New York, Las Vegas and Los Angeles, with F-Sharp, Actor’s Taxes and Limelight focusing on self-employed professionals in different sectors of the entertainment business.
He holds membership in the American Institute of Certified Public Accountants and the New York State Society of Certified Public Accountants, where he served as president of the Staten Island chapter.
Richard is an active member of the community, working pro-bono for many not-for-profits and political campaign funds. In addition to serving as past president and treasurer for the South Shore Kiwanis Club, he is the past president of the College of Staten Island Alumni Association where he served as a board member since 1995 and an officer since 1998. Currently, he serves as the Treasurer of the College of Staten Island Foundation. In 2003, he was awarded the president’s award for community service. Richard is also a recently retired adjunct professor with the business department at the College of Staten Island.
As a leader in South Shore Kiwanis, Richard has chaired fundraising events and volunteered time for numerous charities such as Kids Against Cancer, Learning for Life (Disabled Boy Scouts), 911 Families Fund, Katrina Relief, Meals on Wheels and holiday food drives. He is an active member of the Notre Dame Academy community, where he has coached basketball and soccer over the past two decades.