A History of Our Firm
In 1955, as a new year began to unfold, so did what would eventually become the firm of Alkon & Levine, P.C. It all started when Newton, MA native John Vaccaro opened a one person accounting office in Newtonville, MA. At that time his mother was his only employee until she passed away in 1970. In November of that same year, John hired a highly promising new accounting graduate from the University of Massachusetts named Robert (Bob) Alkon, of Newton, MA.
John and Bob worked together for 8 years, eventually forming the partnership Vaccaro and Alkon, Certified Public Accountants. During that time John schooled Bob on all aspects of managing a successful accounting practice. Back then as today the thriving CPA firm provided excellent accounting services to a local and regional client base of closely held businesses and individual clients.
As an early adopter of the potential efficiencies of technology within the accounting industry, John wrote an accounting software program to run on his Radio Shack TRS-80. For John it would present an opportunity to test out the accounting software in a mass market; and in 1981, he left the firm to work on his new pet project.
Now a 100% owner of Vaccaro and Alkon, Bob was unsure how he would service his large client base on his own. Fortunately, Bob met Jeffrey (Jeff) Levine through the Newton chapter of the Junior Chamber of Commerce (Jaycees). As a 1978 accounting graduate of Boston University, Jeff was just then considering a leave from the accounting field to establish a career in food service and open a retail ice cream shop. Bob recognized both Jeff’s accounting talents and entrepreneurial spirit and called him to discuss how they might join forces.
The two began working together at Vaccaro and Alkon, PC in May 1981. The firm continued to grow and when Jeff obtained his certification in public accounting, Bob & Jeff changed the name of the firm to Alkon & Levine, PC.
During the ensuing years, the firm’s services grew to include non-profit auditing, reviews, and consulting for start-up operations in addition to its ever-expanding tax practice. In 1986, Jeff obtained a Master of Science in Taxation degree from Bentley University and Bob became certified as a financial planner.
Armed with their new credentials, improved computer technology, and the growing realization that their clients could benefit from a more comprehensive approach to addressing their financial needs, Bob and Jeff developed a financial services package. It was crafted as a tool to market financial planning, tax preparation and consultation as one annual service to individual tax clients.
Meanwhile, with the increasing complexity of auditing standards and programs required for auditing and review of financial statements, Alkon & Levine, PC brought on Theresa Houck in 1994 and Kathleen Walsh Heraghty in 1996 to service the firm’s Assurance business. The continued growth of the firm’s corporate client base led to the hiring of Paul Perrotta in 1997. To solidify consistency in these practice areas and to provide for a succession plan, Bob and Jeff promoted Theresa Houck, Kathy Walsh Heraghty and Paul Perrotta to firm ownership in December, 1998. Sadly, Paul passed away in July 2012.
As Alkon & Levine moved into its 3rd decade, its unique approach of combining tax and financial planning into an annual service package for its individual clients had clearly become the cornerstone of its practice. Along with its business tax and consulting services, the partners made the decision to focus the firm’s service offerings primarily in these areas.
Today, the Alkon & Levine team and our clientele continue to grow and thrive. Thanks to an early investment in sophisticated tax software and the leveraging of best in class technologies and practices, the four partners and their dedicated crew of CPAs, other professionals and support staff continue to deliver exceptional service to our clients. Our clients say what really sets Alkon & Levine apart from other local and regional CPA firms, is just our plain old-fashioned personal service.