A Year in Transition...

A message fromDavid DiSanto

As I re�ect upon 2011, I am proud of our Firm’s performance and achieve-ments. Despite challenging economic conditions, we helped our existing clients realize a multitude of successes and welcomed a variety of new clients. In addition, we expanded our services, enjoyed a �nancially successful year, and continued to develop and promote our valuable team. As a result, the Firm entered into 2012 in a position of strength, enthusiasm and added potential!

Our 2011 accomplishments would not have been possible had it not been for the exceptional skill set and talents of our team and our willingness to embrace the changes brought about by our dynamic environment. We are constantly challenged to perform more e�ectively and e�ciently, and our commitment to maintaining the highest level of technology has provided us with the resources necessary to realize these goals.

We continue to diminish our environmental impact with our green initiative. In a paper-intensive industry such as ours, we have turned to the newest technologies to reduce the volumes of paper that were once commonplace in our profession and provide added value for our clients.

As the needs of our clients evolve, expand, and become more complex, we have correspondingly evolved where today we operate as an a�liated network of �rms—The Bentley Group—a full service platform designed to meet a variety of needs, yet tailored enough to meet each client’s unique needs. Together with our a�liated �rms, we believe our service structure is second to none. To that end, e�ective January 2012, my role will transition to that of Chief Executive O�cer of The Bentley Group. In my new position, I will work more closely with the Directors of our a�liated groups, focusing on the growth and continued success of each business unit.

Assuming my prior role as Managing Partner of DiSanto, Priest & Co. is Emilio Colapietro. Emilio has over twenty years of experience with the �rm and led our Audit & Attestation Department for the past several years. As a former military o�cer and auditor at KPMG, he is uniquely quali�ed for his new position. Emilio also holds an MST from Bentley College.

We are also pleased to welcome Jim Queenan to our partner group. Jim began his career with us back in 1999. He is a former KPMG auditor as well and has served our Firm as an Audit Department Principal for the past two years.

This re�ection has been a humbling experience for me, as I give much credit for our outstanding accomplishments to the many �ne profession-als with whom I am surrounded. We all thank you for your trust and con�dence in us. We will never veer from providing what is best for you and your business.

David DiSantoManaging Partner

Growing the firm one success at a time.

Spreading the Word on the Road

William R. Pirolli, CPA/CFF/PFS, continues to serve as Chairman of the AICPA PCPS Executive Committee and is responsible for providing resources and advocacy for over 7,000 account-ing �rms nationally. He has also served on the AICPA Governing Council, the MAP Committee, the Small Firm Advocacy Committee, the Nominating Committee, and the prestigious Group of 100 Strategic Planning Committee. He is a frequent national speaker on issues related to the future of the accounting profession and the management of accounting practices. During the year, Bill presented at the following venues:

January – Aria, Las Vegas - PCPS Update to National Association of Black Accountants

May – Anchorage, Alaska – Most Trusted Advisor Workshop – Alaska Society of CPA’s

May – Boston, MA – Most Trusted Advisor Workshop – Mass Society of CPA’s

June – Aria, Las Vegas – AICPA Practitioners Symposium, 3 presentations: · Mini Firm Retreat · Firm Economics · AICPA Town Hall

July – Baltimore, MD – AICPA Emerging Partner Conference – Raising Your X Factor

October – Muncie, Indiana – Indiana Society Small Firms Conference, 4 presentations: · Key Note – PCPS Update · Billing and collections round table · Mergers & Acquisitions · Firm Economics

November – Durham, NC – AICPA Trusted Advisor Training Workshop

December – Renewable Now TV shoot

Keeping it Brief

Robert A. D'Amico, CPA, CFP®, MST instituted an email based Tax Brief for clients. The Tax Brief is intended to highlight points of interest and major changes in the Tax Code to help clients’ planning e�orts.

Bob D’Amico’s Tax Alert keeps clients current.

Bill Pirolli shares his expertise at one of many national speaking engagements.

Helping our Clients Grow

John J. Brough, Jr., CPA/ABV/CFF, MST - DP&Co. assisted a client in the acquisition of a new wholesale facility as part of the client’s expansion. Evaluation of the location, property and related cost analysis, together with the negotiation and securing of approxi-mately $3.0 million in bank �nancing and re-�nancing were provided.

3rd Consecutive Successful Peer Review

DiSanto, Priest & Co. was recently noti�ed that it had successfully completed an independent peer review of its accounting and auditing practice. The �rm received the highest rating possible in accordance with standards estab-lished for Performing and Reporting on Peer Reviews.

Peer Reviews are conducted every three years and are required for membership in the AICPA and by the state of Rhode Island Board of Accountancy.

The Firm's peer review was conducted by Jones, Nale & Mattingly, PLC, a regional �rm from Louisville, Kentucky, in accordance with the Standards for Performing and Reporting on Peer Reviews under guidelines established by the AICPA. The review consisted of assessment of the �rm's quality control policies and procedures, inspection of workpapers, reports and the �rm's administrative �les and records. Professional team members were also interviewed by the peer review team.

Emilio N. Colapietro, Partner in charge of Accounting and Audit, and David Ward, Director of Quality Control for the �rm, were extremely pleased with receiving the highest possible rating for the �rm's 3rd consecutive peer review. "This demonstrates our continued commitment to excellence in providing outstanding client services" added Emilio. A copy of the full report is available from the �rm.

Employee Bene�t Plan Audit and Tax Services

During 2011, DiSanto, Priest & Co. formulated a practice unit dedicated to providing audit, tax �ling, and consulting services for employee bene�t plans. The unit’s highly trained audit and tax team has garnered extensive experi-ence with ERISA, 401(k), pension plans, and employee welfare plans, and understands the complexities and practicalities associated with administering these plans. In addition, in furtherance of DiSanto, Priest & Co.’s commitment to deliver the highest quality service, the �rm is a member of the American Institute of Certi�ed Public Accountant’s Employee Bene�t Plan Audit Quality Center. Through this association, all employee bene�t plan profes-sionals routinely enhance their knowledge by participating in continuing education programs and are constantly kept apprised of the frequent regulatory changes that a�ect audit engagements.

Whether an initial audit or an ongoing audit, the Employee Bene�t Plan Audit and Tax Services Unit welcomes the opportunity to work with plan sponsors to not only ensure regulatory compliance, but also o�er practical solutions designed to enhance e�ciencies and limit the liabilities associated with bene�t administration.

Keeping it Personal

At a meeting between DiSanto, Priest & Co. and a Scandinavian developer and manufacturer of in vitro diagnostic tests at their US headquar-ters, it became clear that the company’s big four accounting �rm was slow to respond to a large problem. The company had major multi-state tax and sales tax issues which had not been addressed.

James Martin, CPA, DiSanto, Priest & Co. Partner, and his team outlined solutions to the problem which the client immediately implemented.

Just one example of how DiSanto, Priest & Co. provides expedient consulting services at a high level!

Helping our Clients Promote Themselves

Bentley Consulting Group continued to expand its Marketing Services with the implementation of a radio and television campaign for a health services client; a major re-branding campaign and eCommerce website for a food services client; and a video email outreach campaign for an o�ce contract furnishing client.

New Business Resource Center means bigger savings for smaller businesses.

Small business is the heart of the local and national economy. At DiSanto,

Priest & Co. we are committed to helping all of our clients achieve growth

and recognize that smaller businesses have highly specialized needs. In

2011, we established our Business Resource Center (BRC) to develop a suite

of services speci�cally designed to provide leading-edge resources to our

emerging business clients.

Our BRC is sta�ed with accounting professionals with years of experience in both private business and

public accounting providing tax, accounting, bookkeeping, controllership and advisory services to a

wide variety of businesses. Our management team of Bill Pirolli, Lori Conaty, and Lou Amitrano has over

50 years of combined experience serving small �rms before joining DiSanto, Priest & Co. Our Resource

Center is also sta�ed with accounting professionals who are QuickBooks certi�ed and have years of

experience in front-line bookkeeping management support. Our services include:

• Accounting systems evaluation, design and installation

• Design and support for internal financial reports

• Key Performance Indicators (KPI)

• QuickBooks certified training

• Full bookkeeping services from monthly support to full bill paying and accounting

• Onsite, offsite, and Cloud QuickBooks services

• Real-time support for your accounting staff

• Corporate and personal tax planning and preparation

• Management controllership support

• Trustee back office support

• Bank financing consulting

BRC is committed to timely, professional, and personal service speci�cally designed for your business

needs. Some of our recent successes include:

• Complete transition from existing software to QuickBooks for a professional services company.

Services included re-design of �nancial reporting, re-design of invoicing procedures and sta� training.

• Full charge bookkeeping assignment for major professional services company after loss of current

accounting sta�. Services include bill paying, full general ledger posting, payroll generation and

monthly �nancial reporting to management.

• Full bookkeeping support for a US subsidiary of a foreign manufacturing facility. Services included

transition from existing software to QuickBooks with custom designed reports, bi-weekly payroll

services and monthly bookkeeping support.

• Complete asset management services through our affiliate Bentley Wealth Advisors and bill paying

and reporting services for personal needs trust.

Contact us to see how we can help your company grow!!

William R. Pirolli, CPA/CFF/PFS

Lori J. Conaty, CPA/PFS

Louis F. Amitrano, Jr., CPA

Estate planning today is more complex than ever before. The

environment is dynamic, rife with unprecedented changes, uncer-

tainty, and substantial opportunities. As Congress passes new laws

each year, it has become essential to have a plan in place that is �uid

and �exible.

For instance, in 2009, the estate tax exemption was $3.5 million with a

maximum estate tax rate of 45%. In 2010, there was a choice of two di�erent laws: no federal estate tax, with

modi�ed carryover basis rules, or the new 2011-2012 law, which provides for a $5 million estate tax exemp-

tion* and a maximum tax rate of 35%. However, if Congress enacts no further changes for the upcoming

year, in 2013 the estate tax exclusion is set to decrease to $1 million, while the maximum tax rate will increase

to 55%. †

Consequently, we are currently in what might be considered a unique, opportunistic and perhaps �nite time

period where married individuals can e�ectively shield $10 million in assets from estate tax!

With some advance planning, unnecessary taxes and unintended results can be avoided. Therefore, the �rst

step in designing an e�ective estate plan is to formulate a cohesive strategy that achieves �nancial and tax

objectives, addresses unanticipated or anticipated life events, and focuses on a variety of personal concerns

such as:

• the well-being of loved ones • protection of wealth accumulation

• safeguarding of assets • diminution of the estate from taxes

• control over estate assets after death • transitioning of the family business

• proper titling of assets to minimize estate taxes • life changing events (e.g., marriage, divorce,

A strategic estate plan is devoted to clients’ individual needs, and with our clients’ concerns always at the

forefront, we are here to help. During the year, DiSanto, Priest & Co. memorialized many of the services we

have traditionally provided—estate, trust, and gift planning, and tax return compliance—in the formation of

our newly created Estate and Trust Group, a team of experienced professionals dedicated to satisfying client

objectives while minimizing tax consequences.

The Estate and Trust Group, together with our a�liates and professional relationships, have the ability to

coordinate the following services:

• full asset inventory and estate tax plan studies

• insurance planning

• wealth advisory services

A carefully designed estate plan requires a comprehensive team of professionals. At Bentley Group, our

dedicated team employs a multi-disciplinary approach to help clients achieve greater �nancial security for

themselves and their families. Through our a�liates and alliances, we work together to put personal goals

into action, and ensure clients have the appropriate, tax, estate, �nancial planning and legal professionals

necessary to set plans in motion. Call us today!

*E�ective January 1, 2012, the exemption is indexed for in�ation, with an e�ective estate tax exemption of $5,120,000.

† Source: www.irs.gov

New Trust and Estate Unit established.

Leah J. Szlatenyi, CPA/ABV/CFF, CVA, MSPFP, MST

disability, inheritance, retirement, etc.)

Christopher A. Bucci, CPA

• investment planning

• engagement of the appropriate probate,

estate and trust attorneys

A look forward from our affiliates.

Financial events over the past year have had a major in�uence on our clients at Bentley Wealth Advisors. Transitioning to that next stage of life, preparing for retirement, and wondering how the seemingly senseless equity markets will impact their life-long and hard earned savings are all issues that have weighed heavily on their minds. Assisting our clients in navigating these issues by helping provide them with �nancial comfort and peace of mind is our mission at Bentley Wealth Advisors.

Our wealth management approach incorpo-rates an ongoing process of preparing for and reacting to critical �nancial events. Such events can range from assisting young families in accumulating wealth for the future, to helping clients live �nancially independent in their retirement years and protecting their estate for the next generation. Our uniquely experienced team of CPAs, CFP®s and �nancial advisors help develop and implement personalized, action-able plans integrating complex retirement, investment, estate, tax and business strategies for each client's unique �nancial goals and objectives.

At Bentley Wealth, our comprehensive knowl-edge and experience as CPAs, CFP® practitio-ners and �nancial advisors is what sets us apart. We help our clients understand and develop a strategy to manage the complexities that impact their �nancial well-being for the future.

That's the Bentley Di�erence!

Is Now a Good Time to Gift or Buy a Business?Both! Depressed stock values and a weak realty market make it the opportune time to buy a business, gift ownership, or implement a business succession plan.

Gifting the BusinessIn 2011 and 2012, exemptions from the federal estate, lifetime gifting, and generation skipping transfer (GST) taxes are at an all-time high, at $5 million per individual ($10 million for married couples).* However, with the “window of opportunity” soon about to close on these exemption levels, now may be a great time to transition the business for a number of reasons:

• The exclusions are scheduled to drop to $1 million e�ective January 1, 2013**. † • The depressed stock and realty values present in today’s weakened economy. • Once property is gifted away, the asset is removed from the donor’s future taxable estate.• If the business (or realty) has potential for future growth, any future appreciation would be permanently removed from the donor’s estate. • Take advantage of the increased benefits of gifting to grandchildren.

In e�ect, with the low values prevalent in today’s market, a business owner now has the ability to gift away a proportionately higher percentage of the business. Further bene�ts can be achieved if the taxpayer gifts such property to grandchildren (or into a trust for their eventual bene�t), since they would e�ectively bypass any potential taxation in his/her children’s estate. By properly structuring gifts to grandchildren rather than children, taxation of two estates (the donor’s and the child’s) can be avoided.

Purchasing PowerIt’s a buyer’s market! Whether buying a business or constructing commercial property, opportunities are abundant in today’s market. With respect to buying a business, target companies possessing the following attributes can be particu-larly advantageous: i) those who have survived the recession; ii) whose recent performance is consistent with, or favorable to its industry; iii) whose operating structure is solid; iv) whose depressed values and low pro�ts are due to the recession; v) who possess future growth potential; and vi) are owned by aging baby boomers looking for some quality of life. At a minimum, the buyer should be assured the Company has the ability to return to pre-recession performance once the economy improves.

Similarly, it’s a buyer’s market for realty and commercial realty. And, whether the property is purchased or constructed, substantial tax savings, through increased depreciation, can be achieved through a cost segregation study.

How Can Bentley Help?Bentley Consulting Group provides business valuations for estate and gift tax and for business acquisition and sale purposes. In addition, we perform cost segregation studies for the purchase, construction or inheritance of commer-cial property. For further information, on the bene�ts of valuation or cost segrega-tion services, please feel free to contact Leah J. Szlatenyi, CPA/ABV/CFF, CVA, MSPFP, MST

at 401-921-2020 or leah@BentleyCG.com.

*The $5 million exemption was increased to $5.12 million in 2012.

**Assumes Congress enacts no further changes to existing law.

† Source: www.irs.gov

We are proud and honored to have had the opportunity to help many of you over the past year; a responsibility we will never take for granted. We look forward to the opportunity to meet many more of you in the coming year to help you address your �nancial goals and gain your own level of �nancial comfort and peace of mind.

For questions regarding our services, please contact Harold “Skip” Briggs, Jr. CPA/PFS, CFP® at 401-921-2002, sbriggs@bentleywealth.com, or visit our website at www.bentleywealth.com.

Securities o�ered through 1st Global Capital Corp. Member FINRA, SIPC. Investment advisory services o�ered through Bentley Wealth Advisors, LLC. Bentley Wealth Advisors, LLC, a registered investment adviser, and 1st Global Capital Corp. are una�liated entities.

Two distinct global trends had an enormous impact on our industry this year: an increased incidence of massive network security breaches amongst companies worldwide, and the continuation of a global economic slowdown. Concerns surrounding these events have prompted many businesses to view how they do business, both internally and externally.

As a consequence, many companies are focused on data protection and security, and how to get by with their existing network infrastructure without incurring massive capital expenditures. Increasingly, business owners and clients are turning to Bentley Information Technology Systems (“BITS”) for guidance on these issues.

With intimate knowledge of network communi-cations and operating systems architecture, our sta� was well equipped to address these needs and help alleviate concerns. Depending upon the systems, in many cases, we were able to o�er an economical interim solution: a systems assessment, along with recommendations on increasing the e�ciency of existing network and computer hardware. As a result, our clients enjoyed a rewarding outcome of greater internal e�ciencies, increased productivity and pro�tability, and also reported that their clients and customers bene�tted as well!

However, security breaches have become pervasive. Along with advances in technology came advances in the design and deployment of malicious software, such as viruses, spyware and Trojans, each designed to either disrupt computer operations or silently gather and retransmit sensitive information into unscrupu-lous hands. As such, the preservation of the security and integrity of data was a major concern among our clients. Once again, BITS met the challenge by installing data security and backup solutions designed to provide protection across the entire computing platform—from the servers to the individual desktops.

When it comes to securing your computers, you should know that hackers use software and word lists to automate password submit-tals. The source materials they use include dictionary �les and lists of common names, characters, movies, etc. Using these methods, hackers can compromise weak passwords in under an hour, giving them unfettered access to your data. Your password is your last line of defense, so don’t make it easy. We recom-mend that passwords be at least seven characters and contain a combination of upper case letters, lower case letters, numbers and punctuation marks. And, as an added safety precaution, change your password frequently!

For further information on our IT services, please contact Issy Ramos at 401-921-2005 or iramos@BentleyCG.com

Firm appointments: Sharing our expertise.

Emilio N. Colapietro CPA/CFF, MST is serving as Treasurer of the Anglesea Homeowners Association as well as participating in the AICPA Private Company Practice Section (PCPS) Large Firm Networking Group.

David P. DiSanto, CPA/CFF/PFS, MST serves as Corporator for the Bristol County Savings Bank and is available to the Board on advisory matters.

Thomas N. Forsythe, CPA/CFF, MST, MS/MBA serves as Treasurer and Board member for the Rhode Island Free Clinic which provides free health care for uninsured and low income individuals in Rhode Island.

Frank T. Sciuto, CPA/PFS, CFP®, MST, MS/MBA is celebrating his 25th year teaching what he enthusiastically calls a “real-life” �nancial accounting course at Brown University. To quote Frank on his feelings about his involvement ”I love this stu�!”

John J. Brough, Jr., CPA/ABV/CFF, MST has been appointed to The American Institute of Certi�ed Public Accountants (AICPA) National Forensic and Litigation Services (FLS) Committee which provides professional guidance to CPA practitioners who perform forensic accounting investigations and determine economic damages.

John is one of only twelve forensic and litigation experts across the country serving as a member of the Committee. His appointment a�ords him the opportunity to represent all CPAs across the country.

Leah J. Szlatenyi, CPA/ABV/CFF, CVA, MSPFP, MST has been appointed to The American Institute of Certi�ed Public Accountants (AICPA) Business Valuation (BV) Committee. The BV Committee serves the membership of the AICPA in helping to identify, create, and maintain high quality educational o�erings to provide creden-tial and non-credential holders with timely and leading edge technical guidance.

Leah is one of only twelve valuation experts across the country serving as a member of the Committee. Her appointment a�ords her the opportunity to represent all CPAs and business valuation practitioners located in the New England and Mid-Atlantic states.

The AICPA is the national professional association for all Certi�ed Public Accountants in the United States and with more than 360,000 members, is widely recognized as the premier national organization for CPAs. Its mission is to provide members with the resources, information, and leadership that enable them to provide valuable services in the highest professional manner to bene�t the public as well as employers and clients.

As you close out another year and re�ect on the performance of your business, you are probably also preparing for the upcoming �nancial statement and/or tax compliance projects and planning for the future. But are you sure that all of your business concerns are being properly addressed?

Do you have speci�c concerns about how a process is running? Are you certain that all of those contract terms are being complied with? Or, are you simply trusting a “gut feeling” that all is going according to plan?

Perhaps an “Agreed Upon Procedures” (AUP) engagement is what you need to focus your time, energy, and professional fees in the right direction. AUP engagements are a cost e�ective, targeted, and e�cient approach to answer speci�c questions that you have about your business. Traditionally, the business world has relied upon �nancial statement audits to provide a comfort level that “everything is okay”. While an audit does provide reasonable assurance over the �nancial statements in general, in an increasingly regulatory environment, it may not be able to answer the speci�c concerns that you have about your business. Although not all-inclusive, the following illustrates some situations where we may be able to o�er solutions through an AUP engagement:

• Internal Controls- Have you invested time, energy, and professional fees into carefully crafting an internal control policy? Do you know if those controls are consistently being adhered to by your employees? We can help by providing you with a written indepen-dent analysis of the internal control environment surrounding speci�c �nancial statement accounts and operational processes, and document whether or not your employees are adhering to the system.

• Third Party Contracts- Do you place full trust in a third party to adhere to the terms of a contractual agreement? How do you know that you are getting your fair share of payments in accordance with the contract provisions? We can help you by performing an AUP that will tell you if you are due additional monies or if your business is in compliance itself. We can do this for just about any type of signi�cant contracts (e.g., royalty; construction; etc.).

• Business/Asset Acquisitions- Are you looking to acquire a competitor or an ancillary line of business to expand your operations? We can perform an AUP that speci�cally addresses your �nancial due diligence concerning the validity of �nancial information provided by the target company. Gone unchecked, uncon�rmed �nancial data has the potential to impact purchase price and/or asset valuations.

As the name implies, an AUP engagement is tailored to a client’s specific needs. It places the client in control by providing a comfort level and value-added service that readily addresses the most pressing concerns. If you have concerns regarding your business or a new venture, we would be delighted to discuss them with you. For further information on AUP engage-ments, please contact Tom Forsythe CPA/CFF, MST, MS/MBA at 401-921-2039 or at tforsythe@disantopriest.com.

Agreed Upon Procedures: A great way to fly.

Accounting & Assurance Services

Tax Return Preparation

Tax Planning & Advisory

Retirement Plan & 401(k) Audits

HUD Compliance Audits

Forensic Accounting

Merger & Acquisition

Agreed Upon Procedures

IRS Representation

Estate & Gift Tax Planning

Business Formation, Succession Planning & Buy-Sell Agreements

State Tax Credits

Small Business Accounting

Onsite or Cloud Bookkeeping

QuickBooks Certi�ed Training

Banking Relationships

Accounting Systems Design & Support

Business Valuation & Litigation Support

Cost Segregation Studies

Research Tax Credit StudiesHistorical Financial

Performance Analysis

Marketing Advisory Services

Human Resources Consulting

Candidate Selection Process

Policies & Procedures Handbook DesignAdvisory Services

for Professional Firms

Strategic Planning Retreats

We’ve got you covered...

GIVING STRAIGHT FROM THE HEART

Charitable giving for friends,

clients and employees

through hospitality,

volunteerism and �nancial

support.

Securities o�ered through 1st Global

Capital Corp. Member FINRA, SIPC.

Investment advisory services o�ered

through Bentley Wealth Advisors, LLC.

Bentley Wealth Advisors, LLC, a registered

investment advisor, and 1st Global Capital

Corp. are una�liated entities.

IT Support / Consulting

Data Protection

Secure Remote Access Solutions

System Design & Installation

Local & Wide Area NetworkService & Support

Network Security

Wealth Management & Preservation

Investment Advisory

Retirement Income Strategies

Insurance Planning & Implementation

New Managing Partner, new opportunities.

Emilio N. Colapietro

E�ective January 1, 2012, Emilio N. Colapietro CPA/CFF, MST, DiSanto, Priest & Co., Partner and Director of the Accounting and Auditing Department, has been appointed Managing Partner of DiSanto, Priest & Co.

In this position, Mr. Colapietro will be responsible for all leadership aspects of the �rm, as well as client support, service quality and employee development. He has been with the �rm since its formation in 2003 and has been a Partner in the �rm since 2005. Emilio has held increasingly responsible leadership positions including his current role as a member of the Firm’s Executive Committee.

"I'm very excited about this new role" said Mr. Colapietro. "The �rm has grown substantially since it was founded and our clients understand and value our integrated service o�erings. I look forward to continuing to uphold the �rm’s unwavering commitment to provide outstanding service and �nancial security to our clients as well as realizing our long-term strategic vision."

Mr. Colapietro has over twenty years of experience in attestation, �nancial reporting, corporate and shareholder tax consulting, and business advisory services for privately-held businesses and its owners. He obtained his undergraduate degree from Bryant University with a concentration in accounting and continued his education at Bentley University, where he received a Masters of Science in Taxation degree. Mr. Colapietro was an adjunct lecturer at Brown University and is a member of both the American Institute of Certi�ed Public Accountants and the Rhode Island Society of Certi�ed Public Accountants. Mr. Colapietro served his country as an enlisted soldier in the United States Marine Corps and as an o�cer in the Rhode Island Army National Guard from 1985 - 1996. Emilio is a resident of Warwick, Rhode Island.

Promotions: platform for growth

James P. Queenan

E�ective January 1, 2012, James P. Queenan, CPA/CFF, MST has been appointed Partner at DiSanto, Priest & Co. Mr. Queenan previously served as a Principal in the Accounting and Audit Department of DiSanto, Priest & Co. managing client engagements in a number of industries including construction, manufacturing, retail, distributorships, precious metals and technology. Jim has over �fteen years of experience in tax, forensic accounting and business consulting with expertise in �nancial and operational matters, technical accounting, and �nancial reporting. Mr. Queenan graduated magna cum laude from Providence College with a Bachelor of Science degree in Accounting and a minor in Finance. He also received a Masters of Science in Taxation degree from Bryant University. Jim has been with the �rm since its formation in 2003. Jim is a member of the American Institute of Certi�ed Public Accountants, the Rhode Island Society of Certi�ed Public Accountants, the Association of Certi�ed Fraud Examiners and is on the Accounting and Audit Committee of the Rhode Island Society of Certi�ed Public Accountants. He is a resident of Smith�eld, Rhode Island.

Bentley Information Technology Systems (BITS) Appoints Israel (“Issy”) Ramos as Director of IT.

Bentley Information Technology Systems (BITS), an a�liate of DiSanto, Priest & Co., is pleased to announce that Issy Ramos has joined the team as Director of Information Technology.

As Director of IT, Issy will identify, recommend, design, develop, and support cost-e�ective technology solutions for all aspects of our organization and the organizations we serve. He will be instrumental during the planning phase and directly involved with the coordination, and implementation of those solutions.

Issy brings over ten years experience as an internal MIS Manager for Griswold Corporation. He is currently an Adjunct Instructor at the New England Institute of Technology where he teaches a variety of evening courses. Issy was responsible for developing a series of courses in Digital Forensics in collaboration with the school’s IT and Criminal Justice Departments.

Prior to joining Griswold Corporation, Issy was an Independent Computer Consultant for 16 years, delivering system solution services to clients. Issy received his Bachelor of Science degree in Chemistry from Hunter College in New York. He is a resident of East Greenwich, Rhode Island.

James P. Queenan, appointed Partner at DiSanto, Priest & Co.

Issy Ramos

Other Promotions.Christopher DeVerna joined DP&Co. in 2008. As a Sta� Accountant, he worked diligently to develop his technical skills. His hard work and determina-tion led to his promotion to Senior Accountant in 2011. He is now helping to develop those same skills in our junior sta� members. Chris earned his accounting and �nance degree from the University of Rhode Island.

Ashley DiBenedetto joined the �rm in 2008 while pursuing her MPAc degree from Bryant University where she was under a full academic scholarship. As a Sta� Accountant, she worked in both our Tax and A&A Departments and continues to excel in both areas. She was promoted to Senior Accountant in 2011, with plans to focus more of her practice in our Tax Department.

John Rainone joined DP&Co. in 2011, after �ve years as a Sta� Accountant with a local CPA �rm. John integrated himself quickly into our practice by working on a variety of di�erent client engagements. He was promoted to the position of Senior Accountant in September, 2011. John’s abilities are invaluable to our expanding construction industry niche. John earned his MBA in Global Business with a concentration in accounting from Johnson & Wales University.

Anthony Roderick joined the �rm in 2010 as a Sta� Accountant. With his positive attitude and strong work ethic, he is able to meet the demands of many who seek him out to complement their engagement teams. He received a well-deserved promotion to the position of Senior Accountant in 2011. Anthony earned his accounting degree from Rhode Island College.

Management Promotions.Michelle I. Cullion – Michelle joined the �rm in 2004 as Sta� Accountant in our tax and �nancial reporting practice areas. She advanced into a Senior Accountant role in 2007 and was selected to be a participant in the AICPA’s Leadership Academy in 2010. Her ability to anticipate the

needs of our clients and to provide them with outstanding service earned her a promotion to Manager in 2011. Michelle holds an MST degree from Bryant University.

Louis F. Amitrano, Jr. – Lou joined the �rm in 2009 and quickly developed his current role of servicing small business clients and individuals. His expertise, along with his forward-thinking strategies for enhancing client relationships, earned his promotion to

Manager in 2011. He serves as one of the leaders of our Business Resource Center. Lou is currently pursuing his MST degree from Bryant University.

Peter M. Gervais – Peter has been with the �rm since its formation in 2003 and ful�lls a key role within our Tax Department. He provides exemplary service to many of our Firm’s largest commercial clients and routinely champions internal initiatives to enhance the development of the Department. Peter’s

accomplishments earned him a position as Principal in 2011. He holds a CFP (Certi�ed Financial Planner) designation and an MST degree from Bryant University.

New Team Members.Elena McKittrick joined DP&Co. as a tax intern in 2011. Those who had the pleasure of working with Elena quickly identi�ed her exemplary analytical and interpersonal skills. She was invited to join the �rm as a Sta�

Accountant, and she returned to the Firm in October as a full-time member of our team. Elena received her MBA in Global Business Leadership with a concentration in accounting from Johnson & Wales University.

Dominique C. King joined our team in July of 2011 as a Senior Accountant. She brought to our �rm her well-developed technical skills and a high level of professionalism, earning the respect and

con�dence of many. Dominique holds an MBA from Babson College and received her undergraduate degree from Providence College.

Douglas Palladino joined the �rm in October, 2011, after completing his accounting degree at Johnson & Wales University. While attending JWU, he worked closely with the

Dean of the Business School who gave him the highest accolades for his accomplish-ments as his o�ce assistant. Doug has been involved with many types of engagements in his early career and appears to be enjoying all of them!

Michelle Rattigan was welcomed into the �rm in November, 2011, as a part-time Senior Accountant. Michelle’s prior experience was heavily

concentrated in the audit and �nancial reporting areas, so she has been an instrumental addition to our A&A Department. She received her accounting degree from Johnson & Wales University.

Households and businesses alike have been turning their attention to how our

seemingly rote and mundane daily activities can have severe, negative repercussions on

the environment.

Similar to many companies, our �rm has made a commitment to reduce the ecological

impact of our business processing by employing mandatory recycling of waste

products; implementing paperless o�ce environments through scanning and

electronic recordkeeping; attending meetings and seminars, and holding conferences

utilizing virtual o�ce systems; o�ering work-at-home options; and transmitting

documents, reports, and communications through a safe secure email transport system

whenever possible.

During the year, we also implemented a recycling project for our printer toner

cartridges. We partnered with a local franchisee that purchased our cartridges for

purposes of refurbishing. The funds we collect are submitted to The Bentley Founda-

tion, a non-pro�t entity created and administered by the employees of DiSanto, Priest &

Co. to fund a variety of community outreach activities.

E�ective January 1, 2012, the �rm will continue its commitment to reducing our carbon

footprint by delivering our clients’ copy of tax returns via CD. Using this method of

delivery eliminates large quantities of paper. In addition, clients will now have ready

access to multiple years of returns. The usefulness of this format is further enhanced as

each page within the return is bookmarked making the search for a certain section of

the taxpayer‘s return that much easier.

As we go forward into the future, we will continue to seek ways to reduce our carbon

footprint and ful�ll our personal and corporate responsibility to environmentally

sustainable practices.

Reducing our carbon footprint.

The path to the future lies ahead. That’s why we formed The Bentley Group, a �nancial services center to more

comprehensively serve the evolving needs of our clients.

The Bentley Group o�ers services beyond traditional tax and accounting such as cost segregation studies, business valuations,

litigation support, forensic accounting, investment planning, estate planning, charitable gifting planning,

human resource services, information technology consulting, marketing advisory services and a small business resource center.

We’ve put our best foot forward, so let’s explore the road to your success together.

117 Metro Center Boulevard, Warwick, Rhode Island 02886 www.disantopriest.com • www.BentleyWealth.com • www.BentleyCG.com

The information presented herein should not be used in any actual transaction without the advice and guidance of a professional Tax Adviser who is familiar with all the relevant facts. Although presented in good faith and believed to be correct, it is general in nature and is not intended as tax advice, and may not be applicable to or suitable for the individuals' speci�c circumstances or needs and may require consideration of other matters.

As required by U.S. Treasury Regulations governing tax practice, Bentley Consulting Group, LLC informs you that any tax advice contained in this communication (including attachments) was not written or intended to be used for and cannot be used by the recipient or any taxpayer for the purpose of avoiding penalties that may be imposed under the Internal Revenue Code or applicable state or local tax law provisions.

117 Metro Center Boulevard, Warwick, Rhode Island ·Tel. 401.921.2000 · Fax 401.921.2010 · www.disantopriest.com