{"id":35011,"date":"2022-02-22T10:15:41","date_gmt":"2022-02-22T15:15:41","guid":{"rendered":"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/?p=35011"},"modified":"2022-02-22T10:15:41","modified_gmt":"2022-02-22T15:15:41","slug":"marshall-associates-cpas-in-queensbury-is-in-its-fifth-decade-serving-small-businesses","status":"publish","type":"post","link":"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/2022\/02\/marshall-associates-cpas-in-queensbury-is-in-its-fifth-decade-serving-small-businesses\/","title":{"rendered":"Marshall Associates CPAs in Queensbury Is In Its Fifth Decade Serving Small Businesses"},"content":{"rendered":"<figure id=\"attachment_35012\" aria-describedby=\"caption-attachment-35012\" style=\"width: 194px\" class=\"wp-caption alignleft\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-35012\" src=\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/wp-content\/uploads\/sites\/109\/2022\/02\/marshall-associates-vc-wadleigh-194x300.jpg\" alt=\"\" width=\"194\" height=\"300\" srcset=\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/wp-content\/uploads\/sites\/109\/2022\/02\/marshall-associates-vc-wadleigh-194x300.jpg 194w, https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/wp-content\/uploads\/sites\/109\/2022\/02\/marshall-associates-vc-wadleigh.jpg 432w\" sizes=\"(max-width: 194px) 100vw, 194px\" \/><figcaption id=\"caption-attachment-35012\" class=\"wp-caption-text\">Lynn A. Wadleigh, CPA, is the owner of Marshall Associates, CPAs, in Queensbury.<br \/>Courtesy Marshall Associates<\/figcaption><\/figure>\n<p>By Susan Elise Campbell<\/p>\n<p>Around the time Lynn A. Wadleigh, CPA was thinking of leaving the corporate world and into a career where she could be her own boss, her father, E. Peter Marshall, had decided to sell the CPA practice he had built over the past 40 years.<\/p>\n<p>\u201cI enjoyed doing financial statements for a senior management team,\u201d said Wadleigh, whose accounting career spans more than 30 years. \u201cBut as my father was preparing to retire, I was thinking it was time to do my own business.\u201d<\/p>\n<p>Buying his firm, Marshall Associates CPAs, kept the business in the family and<span class=\"Apple-converted-space\">\u00a0 <\/span>serving the community Wadleigh grew up in.<\/p>\n<p>This was 2018 and Marshall was in his late 70s. His practice had grown along with his family and Wadleigh, her<span class=\"Apple-converted-space\">\u00a0 <\/span>siblings, and their mother all worked there at different times over the decades.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p>\u201cWe all remember how busy the five of us were during tax season,\u201d she said. \u201cRaised in the CPA world,\u201d Wadleigh graduated from Queensbury High School and SUNY Albany and got an accounting internship at Ernst &amp; Young in Albany. She earned her CPA designation, started a career in public accounting, and planned to stay in it.<\/p>\n<p>\u201cI had an opportunity to take a position with KADANT, part of Albany International, the paper manufacturer,\u201d she said. \u201cBy the time my father had his CPA and his own business.\u201d<\/p>\n<p><span class=\"s1\"><span class=\"s2\"><!--more--><\/span><\/span>E. Peter Marshall started out with a degree from Sienna College and a local CPA partnership, she said.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p>\u201cHe quickly learned he wanted to be on his own working with small businesses in the greater Glens Falls region,\u201d she said.<\/p>\n<p>Wadleigh described the firm as a hands-on \u201cboutique accounting business\u201d that clients have stuck with \u201cfor 10, 20, 40 years or more.\u201d But until recently she was not interested in this type of career for herself. She had been a senior manager and the CEO of Warren and Washington County ARC and one day realized she had met all her goals, she said.<\/p>\n<p>\u201cI just wanted to shed that kind of responsibility,\u201d said Wadleigh. She would purchase the business so her father could retire and Marshall Associates CPAs could continue supporting the businesses her father had helped start and grow.<\/p>\n<p>At that time Wadleigh\u2019s sister was working at the practice and won the lottery.<\/p>\n<p>\u201cMy sister purchased the building and I purchased the business,\u201d Wadleigh said.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p>Later when the building sold to Stewart\u2019s Corp., Wadleigh and her husband moved to 94 Glenwood Avenue in Queensbury.<\/p>\n<p>\u201cWe were torn about moving out of Glens Falls, but we couldn\u2019t find the right location,\u201d she said. \u201cThis building is in between downtown Glens Falls and Lake George, is heavily trafficked and convenient, and has worked out well for us.\u201d<\/p>\n<p>Marshall Associates does the same fundamental accounting and tax services now that it did in the early years, said Wadleigh.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p>\u201cThe firm today has the same mission it did back then,\u201d Wadleigh said. \u201cWe are a partner and advisor to small businesses and their different needs. It\u2019s not just doing their taxes, but being an overall business support for the new things they are taking on. If we cannot help the client, we will point them to the right person who can, such as an attorney or insurance professional.\u201d<\/p>\n<p>Wadleigh said she and her small staff helped clients secure their PPP loans when they were made available at the start of the COVID-19 pandemic.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p>\u201cIt surprised me how much we really can help people,\u201d she said. \u201cYou need such a different mindset in a local firm than on the corporate side, and our clients really appreciate what we do for them.\u201d<\/p>\n<p>Wadleigh is finding success in other places now, she said, \u201creaping customers and repeat business. People are reaching out for things that might not be tax-related and this shows they trust us as an advisor.\u201d<\/p>\n<p>Wadleigh has become a real estate broker and now can consult with clients about residential and commercial properties through Coldwell Banker Prime Properties in downtown Glens Falls.<\/p>\n<p>\u201cMarshall Associates CPAs is a way to honor the family while being part of the downtown Glens Falls and Lake George revitalization,\u201d she said.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p>Visit www.marshallassociatescpas.com for more information.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Susan Elise Campbell Around the time Lynn A. Wadleigh, CPA was thinking of leaving the corporate world and into a career where she could be her own boss, her father, E. Peter Marshall, had decided to sell the CPA practice he had built over the past 40 years. \u201cI enjoyed doing financial statements for [&hellip;]<\/p>\n","protected":false},"author":89,"featured_media":35012,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\r\n<title>Marshall Associates CPAs in Queensbury Is In Its Fifth Decade Serving Small Businesses - Glens Falls Business Journal<\/title>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/2022\/02\/marshall-associates-cpas-in-queensbury-is-in-its-fifth-decade-serving-small-businesses\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"Marshall Associates CPAs in Queensbury Is In Its Fifth Decade Serving Small Businesses - Glens Falls Business Journal\" \/>\r\n<meta property=\"og:description\" content=\"By Susan Elise Campbell Around the time Lynn A. 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