{"id":37867,"date":"2022-09-12T13:34:22","date_gmt":"2022-09-12T17:34:22","guid":{"rendered":"https:\/\/www.saratoga.com\/saratogabusinessjournal\/?p=37867"},"modified":"2022-09-12T13:34:42","modified_gmt":"2022-09-12T17:34:42","slug":"hedley-co-in-clifton-park-have-provided-accounting-financial-services-for-30-years","status":"publish","type":"post","link":"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2022\/09\/hedley-co-in-clifton-park-have-provided-accounting-financial-services-for-30-years\/","title":{"rendered":"Hedley & Co. In Clifton Park Have Provided Accounting, Financial Services For 30 Years"},"content":{"rendered":"
\"\"
Kevin Hedley, center, poses with staff in the office of Hedley & Co. in Clifton Park, an accounting firm he started 30 years ago that services commercial and individual clients across the U.S.
\u00a92022 Saratoga Photographer.com<\/figcaption><\/figure>\n

By Paul Post<\/p>\n

Kevin Hedley left the security of an established accounting firm to start his own one-man practice.<\/p>\n

Thirty years later, his Clifton Park-based Hedley & Co. has nearly a dozen employees including two other CPAs, Kristen E. Bus and Joanna Piscitella, serving commercial and individual clients across the U.S.<\/p>\n

\u201cWe\u2019re very fortunate that our clients think enough of the work we do, and how we do it for them, that they\u2019re willing to share it with their friends and colleagues,\u201d he said. \u201cIt\u2019s strictly word of mouth. We don\u2019t do any marketing outside of Saratoga County. The fact that I\u2019ve got clients from 30 years ago, including some from Florida, is a testament to what we\u2019re doing.\u201d<\/p>\n

Rule number one, a guiding principle for the firm\u2019s success is \u201cbeing honest with yourself, your employees and customers,\u201d Hedley said. \u201cThey\u2019ve got to have confidence in what you\u2019re doing, why you\u2019re doing it and feel as though you\u2019re doing it in their best interest.\u201d<\/p>\n

<\/span><\/span><\/b>The practice does considerable work for clients in the service and construction industries.\u00a0<\/span><\/p>\n

\u201cWe deal mainly with smaller businesses with under $50 million in revenue,\u201d he said. \u201cA lot of those are also wealth management clients that we help with financial planning and assist with investments. We don\u2019t do any publicly traded corporation work.\u201d<\/p>\n

For business clients, Hedley & Co. does everything from accounting system design to financial reporting, fringe benefit policy and succession planning. They even helping new businesses learn how to get started. For individuals, in addition to wealth management the company offers estate planning, IRS and state tax representation, and personal income tax preparation and planning.<\/p>\n

Hedley, who grew up near Troy, is a 1987 Siena College graduate. He started out working for a couple of other firms, one in Massachusetts and another in New York. But most of his time was spent doing audits when he wanted to specialize on tax work so he earned a master\u2019s degree in taxation from SUNY Albany and stepped out on his own, starting at a small office in Troy.<\/p>\n

In 2001 he moved to Clifton Park and then expanded into a new building at 1593 Route 9, the firm\u2019s current home, in 2008. The location couldn\u2019t be better as Saratoga County is upstate New York\u2019s fastest-growing county, and one of its most prosperous.<\/p>\n

\u201cBut we have clients all over the country, in neighboring states, up and down the Eastern seaboard and the West Coast as well,\u201d Hedley said.<\/p>\n

In addition to its own growth, the firm has had to keep pace with unrelenting the fast-paced technological change during the past three decades. In 1992, the internet and email were still new to most people.<\/p>\n

\u201cTechnology has changed things considerably,\u201d he said. \u201cIt\u2019s a double-edged sword. In some ways it\u2019s made things more difficult. There are forms and schedules that didn\u2019t exist a couple years ago, and forms and schedules that did exist have gotten bigger and more complicated. There\u2019s more questions, more things that need to be completed.\u00a0<\/span><\/p>\n

\u201cFor example, now we have to get information about health insurance, which wasn\u2019t needed 10 years ago on a tax return. Now we\u2019ve got to know, do you have it? Do you not have it?\u201d<\/p>\n

\u201cOn the positive side,\u201d he said, \u201cmodern technology allows us to work from home,\u201d Hedley said. \u201cWe\u2019ve been doing that for years. Obviously, COVID accelerated it more. Phone systems can be rerouted anywhere as long as there\u2019s an internet connection. We don\u2019t have to worry about missing calls from clients (at the office).\u201d<\/p>\n

Plans call for adding new software programs over the next several months \u201cto make sure we\u2019re staying ahead of the technology curve, continuing to be out in front for our clients and help in every way that we can,\u201d he said.<\/p>\n

Aside from his work at the firm, Hedley is a frequent lecturer on the topics of taxation, business administration, and management and is also a frequent guest on local television news programs. He has taught individual income tax at SUNY Albany; business valuations at New York University; and corporation tax, partnership tax, family tax planning, and trust and estate taxation at Siena College.\u00a0<\/span><\/p>\n

He\u2019s also been an expert witness in New York State Supreme Court cases on tax and accounting matters.<\/p>\n

Hedley is a member of the American Institute of Certified Public Accountants, the New York State Society of Certified Public Accountants and the society\u2019s Personal Financial Planning Committee. He has also earned the prestigious Certificate Education Achievement in personal financial planning.<\/p>\n","protected":false},"excerpt":{"rendered":"

By Paul Post Kevin Hedley left the security of an established accounting firm to start his own one-man practice. Thirty years later, his Clifton Park-based Hedley & Co. has nearly a dozen employees including two other CPAs, Kristen E. Bus and Joanna Piscitella, serving commercial and individual clients across the U.S. \u201cWe\u2019re very fortunate that […]<\/p>\n","protected":false},"author":89,"featured_media":37868,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-37867","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news"],"yoast_head":"\r\nHedley & Co. 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