Our firm offers a wide range of services to our individual and business clients. Being a relatively small firm, we are able to offer our clients personalized quality service. Below, we have listed the services that we offer to our clients along with a brief description. As the list below is by no means all-inclusive, please feel free to inquire about a service if you do not see it listed.
(Click Service Title for Details
We have many clients for whom we record and reconcile their records on quickbooks accounting software. We are experts and have experience transferring clients onto computerized systems and in developing reports that help owners manage their businesses.
Compilations are financial reports based on the client’s business information or the business’ tax return information. Without paying for further verification [review] or 3rd party verification [audit], this type of financial statement usually satisfies lenders needs from businesses when the loans are under $1 million dollars.
Being a small business is often no easy task. You have to wear many hats, and that often leaves too little time to actually run your business. You have questions or you need assistance, but nobody to ask. We are here to help. Our full services offer you the services you need and the safety net you want.
The core of a good accountant/client relationship is profit consulting. How do we increase profits? There are only two ways I am aware of: increase sales or decrease expenses. Once you have good records, using your business records to make your business more profitable is the next logical step. Sometimes owners are so tied up in day-to-day operations they forget what business is all about. Your business is a vehicle to create your own quality of life for yourself and your family. Counseling is about measuring your business’ goals and actual results. It’s important for the self employed business owner to continually visualize goals and analyze results to stay on course toward retirement.
Business Entity Selection
Choosing the form of entity of your business (e.g. “S” corporation, sole proprietor, limited liability company…) is a crucial decision that can have longstanding tax implications, positive or negative. We can assist you in evaluating the pros and cons of each entity type to help you determine the most advantageous form of business for your company.
A properly structured financial plan enables you to face many financial challenges at each stage of your life. Our financial planning process includes introductions to specialized attorneys, brokers and insurance professionals who make up part of our financial team.
Accounting Software Selection & Implementation
Selecting the wrong software is a big mistake some business owners make. In fact, a business should select software before they select hardware.
With the number of computerized accounting software packages available for small businesses and individuals growing every day, selecting one that is right software has become more difficult. As accounting professionals, we are exposed to most programs through trade journals and actual use. We are in a positon to offer advise when determining what type of software and which package in particular may be right for you.
IRS & NYS Representation
We have extensive IRS & NYS representation experience on tax matters. Come visit our office and read our results in the form of closing letters from the Internal Revenue Service and from the New York State Tax Department.
We have a special relationship with all the major payroll providers. We offer our clients call in payroll through our office through our direct connection with ADP Run services. We can teach you how to run payroll through outside providers or run payroll “in house” using quickbooks software. Each has benefits based on specific circumstances.
Restaurants, Car Wash businesses, and other businsesses which have tipped employees are strongly encouraged to use an outside payroll provider.
Sales Tax Services
We are retail experts. Many of our clients are responsible for collecting and submitting sales taxes to different states. New York State has a number of unsual sales tax laws and a list of different rates for each county. We process many sales tax returns for customers who file monthly, quarterly and annually.
Tax planning is the key to paying less taxes. No one likes a surprise tax to pay, ever. The individual tax rates increase as you earn more money. Many clients are surprised [certainly none are happy] when a 160% increase in income translates to a 360% increase in taxes.
Anytime during a year when you have a spike in income, you should consult us to estimate your annual earnings and adjust your withholding and tax estimates accordingly.
We also can provide introduction to professionals who offer tax positive investments.
CPA’s by our very nature are disinterested third parties. We never accept fees for referrals from other professionals unless disclosed to you in writing.
All of our yearly bookkeeping and accounting work culminates with the business and personal tax returns. It is the main stay of our accounting practice. I study tax laws and forms year round to be fully prepared for every tax season. My yearly continuing education always seems to exceed the requirements.
I hope you are interested in joining us this tax season!
Harlan S Kahn, cpa
Certified QuickBooks Pro Advisor ®
We can assist you in QuickBooks ® Setup, Training, and Reporting. We have helped many clients set up and run their quickbooks software. We are experts in Quickbooks for small businesses. We do not always maintain our ‘certified’ quickbooks proadvisor status with Quickbooks [and intuit company]. We have been using the quickbooks product since 1990 and are quite familiar with most of its modules and uses of operation. Our support for quickbooks is available to all our clients during normal business hours.