Services we provide for a
variety of business clients.
Let's get to the specifics and cut through the noise that everybody is making!!
This year-2021, the new Federal Administration has proposed to increase Coproration tax rate from 21% to 28%, Individuals from 37% to 39.6%; and Capital Gains from 23.8% to 43.4%. Start your Strategic Planning now!
Business Tax Returns MUST reach the IRS & State on or before March 15. Give us the documents on or before March 01. Those tax returns take time to prepare; and we may have to do research to complete them and e-file them on time.
Our Clients operate as C-Corp., S-Corp., Partnerships, and LLC's. Some of them FAX us their information. Most of then send us their documents by FedX, DHL, UPS, and the Post-office. Let's start today!!
Services we provide
#1)Tax Planning & Book-keeping.
#2)Year-end Tax Prepration and Filing.
#3)Federal & State(s) tax problem resolution.
#4)Business and Commercial Real-Estate Advisory.
Book-Keeping For Tax Compliance
There are TWO standard methods for reporting business Income & Expenses:- Cash and Accrual. You must choose ONE method or face IRS and State audit if you are using BOTH methods. We are position to serve your BUSINESS and make your life easier with monthly or quarterly bookkeeping compliance and financial due diligence services (Cash V's Accural, Employees V's Independent Contractors, Calendar Year V's Fiscal Year, Buy V's Lease, Loan V's Cash reinvestment, In-house production V's Co-Packers/Outsourcing, Cash flow forecasting, and strategic positioning of all aspects of your operations, etc). We also work with ADP and PAYCHEX.
Business Tax Return Preparation.
We know your industry ("Industry-Specific" knowledge);and we are Results-oriented/Profit-focused. Your business will get EVERY tax credit, deduction, and exclusion that are available under the new tax laws. You will save thousands of dollars in taxes and have a BIG smile on your face. Assignments are completed Quickly, Efficiently, and Accurately; and we put our commitment, track record and reputation behind them.
The Minimum Fee is $1,200.00 if the business owner takes responsible for the bookkeeping and give us the business Gross Income and a complete analysis of the business expenses.
Business Advisory Service
"Sometimes, it's not how much money you make, it's how much money you get to keep":- If you own a business, take a look at a situation that we have discovered. This is about TWO companies of Similar Size, operate in the same industry, in the same State/City; and in the same year:-
Gross Annual Revenue $920,250
Net Profit $598,163 (65% Profit).
Gross Annual Revenue $1,540,310
Net Profit $262,093 (17% Profit).
**NOTE:- Company #2 earned $620,060 more revenue than Company #1; and Company #2 has generated $336,070 less profit than Company#1. Isn't that interesting? Large companies are facing a similar situation. We are helping the owners of company #2 to benchmark the company and increase margins and profitability(Financial ratios V's Industry benchmark). They are being guided by a new vision and unifying goals; and we follow up with them monthly.
***(Financial ratios show how efficient and profitable they operate their companies when compared to their industry benchmarks).
Business Advisory Service
Small and Large Corporations are frequently confronted with this decision, "Buy v's Lease":-
A) Buy or Lease/Rent trucks and equipment.
B) Buy or Lease/Rent a building to house Offices, Workshop, Warehouse, and/or Parking Garage.
**Both Leasing and Buying have Financial Benefits, Tax Benefits, and Drawbacks (Pros & Cons)that are too numerous to discuss here. However, the reality is 65% of businesses lease/rent office space, building, vehicles, and equipment because:-
1)Leasing is more financially feasible for them.("Law Firms leasing doubles in NY City", Crain's New York Business, Page 06, October 25, 2021).
2)Vendors prefer to lease/rent their equipment to business customers because leasing provides those vendors with a recurring income stream.
3)Landlords prefer to lease/rent their buildings to commercial tenants and passed on those buildings to their heirs (Estate Planning) instead of selling those buildings to their tenants/business owners.
4)There are NEVER enough commercial buildings available to sell to EVERY Small Business Owner or Major Corporation that wants to own a building to house their business operations. Hence, many of those corporations, including Facebook, Apple, Google, etc are adding more office space in High-rise buildings/office towers) (Crain's NY Business, Pg 06, Nov. 29, 2021).
(NYU, Columbia, Taft, & USC)
- MS Taxation.
- MBA and PhD Business Administration.
- Certificates in Mortgage Underwriting & Banking (Mortgage Bankers Association of America).
- IRS Enrolled Agent - (1989 to present).
- CFE Certified Fraud Examiner.
- CMC Certified Management Consultant.
- CVA Certified Valuation Analyst.
- Insurance Broker (property & casualty).
- 48 hours of annual continuing education.
How we obtain clients:-
*Direct mailing from our exclusive Database.
*Mailing list from Trades Associations.
*State department of corporations registry.
*Business owners searching on Google and on other search engines.
Independent Survey: The top eight RANDOM reasons clients gave for doing business with us: Experience, knowledge of their industry, hands-on, transparent, reliable, speed, accuracy, and results-oriented.
"Thanks for filing the tax returns for my Mail Order Distribution company. It was not as simple as I thought. Listening to you has opened my eyes to things that I had overlooked and was not aware of as a new business owner. I could tell you really know this business".-Kate McGrelly, Manhattan, NY.
"BIG MISTAKE!! Over the years I paid a lot of income taxes because I allowed the people who filed my fleet fuel tax reports prepared my business tax returns. I'm looking at the e-mail you sent me; and I can't believe the amount of money you saved me. Wow!!" - Eva Jordan (Truck Company Owner), Atlanta, GA.
"My personal and business tax returns are complex, and I needed a Tax Accountant. I received numerous referrals; but I am very picky/fastidious. Every time I researched and reviewed my list of prospects and their customers' experiences, your name kept coming up. That's why I contacted you and send you my documents. I'm glad I trusted you. Great results. Thank you!" - J. Morrison, (Business Owner), Manhattan, N.Y.
"You gave us some valuable information. We have leased a fleet of trucks and the leasing company has encouraged us to retain your services"- Allan & Tom, Shippers & Movers, Randall Ave., Bronx, New York.
"I'm a ship captain. I don't have time to visit an Accountant. I organized my documents and mailed them to Barry. Two weeks later my tax refund was in my bank account; and my copy, a gift, and the documents I sent him arrived at my address. I was like, wow!! I like that".- Capt., Samuel, K (Jacksonville, FL).
"Thanks for helping me claim the Foreign Earned Income exclusion and the Foreign Tax Credit. You are sharp! You didn't hesitate to tell me I was qualified for those tax breaks, and proved it to me. That was the quickest response I have had".- Capt., J. Dundee (London, UK).
"I opened my second store to accommodate upscale shoppers; and my collections are flying off the racks. I am ready to franchise my brand and I have plans to take the business public. Thanks for believing in me and thanks for being there for me."- Angelina Cruz, High fashion Retailer, Miami, Florida.
"The Shipping Company we inherited were in total disarray. Barry helped us reorganized it and make it efficient and profitable. Our customers, bond holder, bank, and freight forwarders are happy with our performances. Free cash flow, working capital, and daily operations have improved tremendously. We stopped paying high overdraft fees; and the bank has increased our revolving line of credit."- Andre, Julian & Mindy Roache, Owners, Brooklyn & Queens, New York.
"Our Construction company was under investigation because we didn't file tax returns and pay the sales and payroll taxes. We called several accountants who used to solicit us for business, but they were too busy attending to their regular clients. We found Barry's Accounting Services listing in our local newspaper. We called Barry and we agreed to provide him with the information he requested. We paid $8,226 less in penalties and interest. Our financial affairs are finally back on track and we are happy. Thanks, Barry."- Leo & Jane Robinson, Owners, Jamaica, New York.