All you need to know about our support and how to do it.
If you are self-employed, have a business or are a freelancer, just like a large corporation, you need a CPA to look after your accounts, audit and perform nearly every financial advisory service for your business or as an individual tax payer. As CPAs in New York with licenses to practice in Maryland, we provide general accounting, tax planning and preparation, estate planning, representation of the clients in government agencies, and any other related financial advice that is required.
We usually charge $500-$10,000 depending upon the individual or company requirement. Usually, an average tax return costs between $500 and $800. For small businesses, the fee tends to be between $500 and $1,500. However, you can contact us to discuss your case and accordingly, we can give you a quote.
As a CPA firm in New York, we deal with numerous businesses, corporations, clergy, self employed business owners and individuals and realize that accounting and taxes may not be your most important worry. We strive to make keeping records, accounts, audits and tax-related issues as simple as possible. However, as a CPA firm in New York, we expect that you come prepared to discuss your goals, questions and problems so that we can work with you and find better solutions for your taxes in New York.
For New York taxes, preparation of all the necessary federal, state and local returns and an initial estimated tax calculation is included in the fee. You can also ask questions during the course of the year.
The answers on most common questions are described bellow.
We are flexible. We can meet in person after setting an appointment, over the phone or by email. We can then discuss all aspects of tax preparation in New York and start working accordingly.
Yes, it is possible to claim your parents as dependents when you file income taxes in New York but you will need to prove and document through your credit card charges or payment of bills that you are paying their expenses.
Yes, as experienced Certified Public Accountants in New York & NJ, we get many inquiries every year from small business owners, freelancers and individuals who are having partial or complete tax return audits. We can help you get ready for the audit, correspond with the IRS on your behalf and, if required, represent your interests to the IRS.
Usually, there is no need for your signature when a New York Certified Public Accountant e-files your returns. The 5-digit PIN, or personal identification number, is required in place of the conventional signature.
Rest assured, you are not the only ever to find yourself in the predicament of needing a NYC CPA for prior year tax returns. We routinely handle such matters and can assist you going back to the mid 1990’s to file your delinquent NY tax returns,
As a CPA firm in NY, we also assist with cost control, planning and investments, financial statements and tax audits, bookkeeping, sales tax returns, payroll returns and personal financial statements and clergy taxes.
If you did not receive payment until 2014, you will need to pay taxes on that payment in 2014. You can’t count on the money until you receive it. The earnings will need to be counted in the same year that you receive the money.
The object is to pay more then what you should so that at the end of the year, you can get money back. Estimate how much you are going to pay the IRS and divide it by 4, the number of payments you need to pay yearly. Then you can take the total and send it to the IRS as part of your tax payment.
A key tax deduction for any freelancer is the home office deduction. In addition to a calculation based on the square footage of your home office, you can use a portion of your utilities, mortgage payment, taxes paid, and interest paid as part of your deductions. If you purchase a new computer system, fax, furniture, office supplies, travel expenses, or business expenses you can use all of these expenses as deductions.
No. You need to keep your tax returns for seven years. After that, you should be in the clear and you shouldn’t be audited on those returns. When you do dispose of your returns, make sure that you shred them using a paper shredder.
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