Our different approach helps select clients make more money, improve their quality of life and increase the market value of their business.

At our office, taxes are not a race, taxes are an operation. We are a business-oriented CPA firm. Business tax returns are due before personal tax returns. After business tax returns are filed (or extended), we process all the personal tax returns.

Most of our work all year is toward the preparation of yearend business tax returns. Paris Accounting Corp has a strong concentration of self-employed business clients. Throughout the year and especially before tax season, we provide business consulting & tax planning for clients. I think about and dream about taxes and tax strategies. How can I help their business improve their bottom line? The goal being to have increased profits through new sales lines & curbing expenses so that our fees are paid from improved business profits.

Profitability Webinar

Should I Incorporate?

Why do I need a CPA?

Should I buy or lease a car?

All taxpayers should be aware of Trusts and how they operate to ease the transition of assets (and often avoid taxes). There are tax avoidance and tax deferment opportunities for the self-employed to fund college and retirement vehicles for themselves, children and grandchildren.

Some taxpayers with special circumstances may NEED to TRUST to have assets pass to the intended recipients. Sometimes those recipients need guard rails and restrictions regarding the assets. We primarily refer such cases to attorneys who write wills and trusts for a living.

Were you aware the self-employed are entitled to SEP IRA’s which have a much higher maximum contribution limit than IRAs, 401Ks or 403Bs?

Beneficial Ownership Information

The Financial Crimes Enforcement Network (FinCEN) established a beneficial ownership information requirement (BOI) under the Corporate Transparency Act (CTA) whereby most U.S entities must report information on their beneficial owners to FinCEN starting on January 1, 2024.

Click the link for access to SNAP BOI, a reporting service that helps you stay in compliance after you file with them. If you are a Paris Accounting Corp. customer, much of your entity information may be preloaded:

New Book: Fix the Tax Code Please!

Harlan Kahn CPA and Profitability Consultant

A view of how to fix the tax laws by Harlan Kahn CPA. “This book is a resource guide everyone should read regarding the posture the country should take regarding taxes” What if Congress was subject to the same healthcare we have? Can taxes help us regulate non-violent undocumented immigrants? Why not just have a flat tax?...Read more

Why you should treat your personal budget like a diet?

I guess it’s rare that people actually sit down and make a personal budget. Having done my own budget about two times a year I know that it is very confronting to see the truth head on. The hardest part of making a budget is getting the client willing to discuss it (often amongst each...Read more

Webinar: Business Improvement Series

As a profitability consultant, I am always looking for ways to help business owners make more and keep more income from their business. I recently held a micro-webinar (15 minutes) discussing the importance of managing Cash Flow in your business. Watch it here: Access the webinar handout here: 2016-Cash Flow Webinar Handout Your feedback is welcomed....Read more

What indicators most wholesale and retail business owners need for more profits

Most business owners are looking to maximize profits and minimize costs. The basic concept of buy low and sell high seems to permeate all wholesalers and retailers. The question then is, “What are the Key Performance Indicators? What information do I need to look at to enhance my profits and decrease my expenses?” There are many...Read more

The IRS and tax problem resolution cases

If you owe the IRS back taxes, there are many possible tax problem resolution outcomes. I find these days that the IRS is operating with a sub-par number of employees. Service is poor because of lack of staff and funding from congress. Our office handles extreme cases of tax resolution and I’m going to share some...Read more

Wholesaler trade secrets

What can a wholesaler can do to improve his situation? After all, it isn’t easy being a wholesaler? Here are some critical facts a wholesaler needs to consider every day: Knowing what goods to buy is the most critical thing. Managing profitable inventory is the next most important thing, leaving administration (licenses, sales taxes, regulating costs...Read more

Tips for the new generation of entrepreneurs

Businesswoman explaining graph to her colleagues

I really enjoy working with entrepreneurs – their passion is contagious. Typically their business model needs work. A famous financial planner from Long Island, Alexander J. Mitchell, once said to me years ago, people will learn to develop a second or even a third career path. More people in their 50’s are coming into our office...Read more

Retail can be difficult – but it can be profitable too!

Anyone following the news or in a retail store knows retail forecasts for the year are down; way down. Target, Macy’s, Nordstrom and JCPenney are just some examples of big retailers losing out to Amazon and the internet. Walmart too is being squeezed by Amazon as Walmart squeezes smaller retailers. What about small retailers who...Read more

New York State Department of Labor is assessing penalties to employers of ‘undocumented employees.’

I must write this to help protect all NYS/NYC employers: The New York State Department of Labor is assessing penalties to employers of ‘undocumented employees’. Please repeat the above sentence to yourself and substitute ‘illegal aliens’ for the last two words. We have more than one case already where a temporary worker, who never came...Read more

When do you pay your accountant?

It was suggested that I write a little bit about when to pay for accounting services. In our office there are generally two types of clients: Monthly business clients and year-end clients. Most of our active clients run businesses and pay us monthly for work based on the work we complete for them regularly. Some...Read more

Phone: 718-281-0200

Profitability Consultant and CPA