Jim Duffy is the Partner-in-Charge of the Commercial Practice and has extensive knowledge of the unique accounting, tax and operational issues faced by middle market businesses and business owners. Jim has worked closely with retailers, wholesale distributors and manufacturers in dealing with various accounting, tax and operational issues. He specializes in helping privately-held businesses meet their strategic and financial goals and manage the challenges of growth, cash flow and organizational restructuring. Jim provides guidance on matters such as mergers and acquisitions, financings, cost control and management succession. Jim established and developed Wiss' Food Industry Group, and in the process differentiated Wiss in the highly competitive metropolitan market.
Jim takes pride in forging strong client relationships and in providing consistently outstanding client service. He actively looks to provide clients with recommendations and introductions to contacts who will enable them to grow their businesses, solve issues and offer opportunities to branch out and be more successful. Jim assists businesses in improving cash flow and minimizing taxes through creative problem solving and careful planning. His proactive approach and dedication to client relationships makes Jim an invaluable trusted advisor to his clients.
BS – Accounting from Villanova University
Certified Public Accountant in New Jersey
American Institute of Certified Public Accountants
New Jersey Society of Certified Public Accountants
New Jersey Food Council
New Jersey Food Processors Association
The Food Institute
Rutgers Food Innovation Center - Advisor
When not in the office, Jim can often be found coaching his children's sports teams.
Jim participates in multiple extra-curricular sports activities. He spends time at Wayne Township's Boys and Girls Club helping with sports curriculum and also utilizes his time in helping raise money for charities related to Celiac Disease.
A 30-second interview with...
If you could share a cross country road trip with someone famous (alive or dead), who would it be and what you would discuss/do to pass time?
I would love to go with my father when he was 40 so we could hang as peers and discuss our commonalities.
What is the best professional advice someone ever gave you and you still live by?
Make the decisions that are in the best interest of the people, the clients and the culture.
How did you get your foot in the door?
I was an engineering major and took a job in Philadelphia to be close to my wife. I wasn't looking to stay there so I interviewed in NJ. This resulted in the best interview of my life at Wiss with Ed O'Connell.