Tax
Compliance
Taxes are complex and multilayered; they require
attention from experienced and knowledgeable professionals who are on the
cutting edge of complex tax law matters. We focus on providing tax services
to closely held companies, including corporations,
partnerships and limited liability companies, and to
individuals, trusts and charitable organizations. We
are proactive in our approach toward tax
developments and strategies that may lead to tax
deferrals and minimizing current and future tax
obligations.
We prepare the entire spectrum of business tax
returns from corporate, partnership and limited
liability returns to local returns including
payroll, sales tax, city business licenses and
personal property forms. We are proficient in
multi-state filing. We often prepare the
income tax returns of a company, its owners and its
executives. Being the tax preparer for all involved
is advantageous for executives. Being the tax
preparer for all involved is advantageous for
information gathering for the individual returns and
integration of tax planning.
In addition to the above, we are also expert
preparers of fiduciary returns, private foundation
returns, estate returns (Form 706,) charitable
remainder unitrusts, and returns for public
charities.
Tax Planning
As tax professionals, we gather a great deal of
knowledge about our clients, developing a
comprehensive picture of their tax situation. We
provide extensive, proactive, year-round tax
planning allowing us to maximize efficiencies and
minimize taxes.
We provide a wide range of tax services for
individuals, businesses and fiduciaries, including,
but not limited to, the following:
Year-end tax planning
Multi-year tax projections
Entity formation planning
Tax Representation
We have many years of experience representing
individuals in audits and appeals to the Internal
Revenue Service, NY State Conciliation Beauru. If necessary, we interact on your behalf in
establishing installation payment arrangements,
offers in compromise, and governmental tax levies
and liens.
Business Accounting
and Bookkeeping Services
Our experience accountants provide a full range of
accounting and bookkeeping services to businesses
that do not require a full time accounting staff,
cutting your employer costs of vacation pay, company
benefits and payroll taxes.
We can perform the duties of an in-house accounting
department including:
Preparing monthly financial statements and other
accounting reports
Designing and implementing new accounting systems
and software
Providing and reviewing payroll information to your
payroll service which insures confidentiality of
payroll information from your employees
Preparing your payroll tax and sales tax returns
Training your personnel on accounting software and
bookkeeping and supporting and supervising your in
house staff
Coordinating with your insurance advisors that your
business liability and workers compensation
insurance is appropriate for your business
Practice Areas
Estate and Trusts
- We consult with your estate attorney and assist
with the formation of trusts during your lifetime to
help fulfill your goals for your family and
charitable wishes. We also assist with allocation of
assets to trusts, minimizing your estate with gifts
during your lifetime and with any probate matters.
In cases where there are estate controversies, we
assist estate litigators in preparing documents and
analysis for the litigation and we prepare court or
trust accounting in the format required by the
probate court.
Individual tax practice
- We prepare returns for individuals with various
tax issues including investment real estate;
investments in partnerships; executive stock
options, restrictive stock and other compensation
matters; sole proprietorships pension and investment
income; and issues specific to those employed in the
arts.