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The History of Holloway Tax Service

In 1976, Holloway’s Income Tax Service was launched by Lena Holloway, sister of Deborah Holloway, the current owner. Lena developed an interest in tax preparation and decided to obtain some professional training to become a tax preparer. She was very well known throughout the Syracuse community as a person with multiple talents, an extraordinary love for people, and a desire to help in any way that she could.  She was very active in church activities and business affairs and many of her initial tax clients were church members.  As her business grew, she trained family members to assist her, including her sister, Deborah, her brother James, and her nephew, Tony. Upon completion of Deborah's graduate degree in Accounting,the services offered by Holloway's Income Tax Service was expanded to include Accounting and Financial services to small businesses, faith-based organizations, and other community non-profit organizations.  In 1993, Lena passed away and sister, Deborah Holloway, took over the business with assistance from James and Tony.

 

The business has experienced continual growth throughout the years.  The business was originally a home-based business, but is now located in a professional office building at 580 South Salina Street, 2nd floor, Syracuse, New York.

 

The current owner, Deborah Holloway-Egbuna is an experienced and professional accountant that has been working in the accounting field for over forty years. She received a Bachelor of Science degree with majors in Business Administration/Accounting and Mathematics from the State University of New York at Albany and obtained an MBA degree in Accounting from the University of Wisconsin –Madison.  Deborah and her husband Gregory have three daughters.

 

Upon completion of graduate school, Deborah accepted a position as an Accountant for the Central NY Regional Transportation Authority in Syracuse, NY.  She was promoted to various positions throughout her 20 years of employment at the RTA with ten years of experience as the Controller of Finance. As the Controller, she was responsible for managing the Accounting for more than 23 million dollars of funds received for the RTA and its four subsidiaries. At the RTA, Deborah supervised the Accounting, Purchasing, Revenue Collection, and Parts Inventory Departments.

 

Deborah left the RTA in 1997 and decided to work solely in her own business to have a more flexible schedule and spend more time with her husband and three young children.  As stated earlier, she had already been preparing income taxes part time with her sister, Lena, for many years.  She decided to expand the business to offer additional services.

 

Holloway Tax & Accounting Services is a Women-Owned Minority Business that provides tax preparation, accounting, consulting, and internal auditing services.   Deborah is a Registered Tax Return Preparer (RTRP).  She attends classes annually in compliance with continuing education requirements.  Several family members work with Deborah in the business.  In 2004, Deborah implemented a new accounting system for Southeast Gateway Community Development Corporation, a non-profit neighborhood revitalization agency.  She has provided the Agency with accounting services since 2004.  She provides income tax, accounting, and auditing services to more than 400 individuals, small business owners, and churches.

 

Deborah and her family are well known and respected in the community as a family of entrepreneurs.  Family members have operated an auto sales business as well as an exterminating business for many years.  Deborah’s clients perceive her as a patient, personable, professional woman that truly cares about them as individuals as well as the work that she is being paid to do for them. She takes time to educate clients on current tax laws that affect them and also gives advice to clients regarding various other business matters. She and her husband, Gregory, are involved in several community organizations.  They recently operated a Youth Technology Program to expose youth and young adults to careers in Science, Technology, Engineering and Math (STEM).