Congratulations on your recent acquisition of  your new small business in New York. Acquiring a small business is often an emotionally exhausting, confusing and exhilarating experience. Further, acquiring a business can put a strain on the new company’s cash flow. As Manhattan CPAs experienced in working with S-corps, C-corps and LLCs in NYC, we can advise you on ways to improve your cash flow.
One way to improve cash flow is to reduce the amount of New York income taxes your small business is currently paying. One possible way to reduce NYC income taxes is to accelerate the deduction of costs currently capitalized as acquisition related costs. Generally, professional fees and other costs associated with the purchase of a business are “capitalized” in the stock or assets that are purchased. For income tax purposes, deduction of these costs may be over 15 years, on sale of the business, or the costs may never be deducted. Because invoices often do not clearly allocate fees among all the services performed by professionals, or costs associated with travel and other miscellaneous expenses, costs that are not associated with the purchase can be capitalized as acquisition costs.

If costs unrelated to the acquisition have inadvertently been capitalized, then properly re-characterizing these costs can permit them to be deducted in the year they were incurred. Further, in certain instances, costs incurred to expand your business can be deducted over 5 years, rather than 15 years. A thorough analysis of capitalized acquisition costs often results in a significant New York tax refund and/or a decrease in the Manhattan income tax paid in the years immediately following the acquisition.

Our CPAs would like to talk to you about the potential for accelerating the deduction of some of the costs you currently have capitalized, to better help your New York City LLC, S-corp, C-corp or other small business. Please contact one of our NYC LLC CPAs at our office to arrange a convenient meeting time.

Sincerely yours,
Jonathan Medows, CPA

About us: MEDOWS CPA, PLLC is a boutique New York CPA NY Firm serving the needs of Individuals & Small Businesses in New York City and throughout the nation.  We work with the self-employed, freelancers, LLC, C-Corporations and S-Corporations to help them with their accounting and tax needs.

Jonathan Medows, CPA

MEDOWS CPA, PLLC

http://www.medowscpa.com

http://taxblog.medowscpa.com

info@medowscpa.com

A Unique, Boutique New York CPA Firm Serving the Needs of Individuals & Small Businesses

The IRS has provided procedures for taxpayers to make changes to, from, or within a nonaccrual-experience (NAE) accounting method, and to adopt certain NAE methods. This applies in particular to S-corporations, LLCs and other small businesses operating in New York who use CPAs. The NAE methods are limited to taxpayers that use an accrual method and that:
•    provide services in the fields of health, law, engineering, architecture, accounting, actuarial science, performing arts and consulting, or
•    meet the $5 million annual gross receipts test.
A New York City small business, C-corporation, LLC or high net worth taxpayer who uses an accrual method for accounts receivable for services performed may request a change to the nonaccrual-experience method of accounting. Under this method, a taxpayer does not need to accrue any portion of the accounts receivable that on the basis of experience will not be collected.

The NAE method is unavailable if interest is charged on the amounts due or if there is any penalty for late payment. Generally, offering a discount for early payment is not regarded as charging interest or imposing penalties for late payments, if certain conditions are met. Income cannot be reported using the NAE method for activities related to lending money, selling goods, or acquiring receivables from other persons who earned the amounts through the provision of services.

The procedures apply to taxpayers that wish to:
•    change to a safe harbor NAE method; or
•    change to a period system; or
•    change from a NAE method to a specific charge-off method; or
•    change from a sub-method of its current NAE method regarding applicable periods or tracing of recoveries to another permissible sub-method; or
•    change a sub-method unrelated to the applicable period or to the tracing of recoveries for a taxpayer currently using a NAE method; or
•    change to or adopt a NAE method other than a safe harbor method provided by the IRS.

Our NYC CPAs specialize in helping LLC, S-corporations, C-corporations or other Manhattan based small businesses. If you are interested in reviewing your current collection procedures and method of accounting, please call one of our Manhattan LLC CPAs at your earliest opportunity to arrange an appointment.

About us: MEDOWS CPA, PLLC is a boutique New York CPA NY Firm serving the needs of Individuals & Small Businesses in New York City and throughout the nation.  We work with the self-employed, freelancers, LLC, C-Corporations and S-Corporations to help them with their accounting and tax needs.

Jonathan Medows, CPA

MEDOWS CPA, PLLC

http://www.medowscpa.com

http://taxblog.medowscpa.com

info@medowscpa.com

A Unique, Boutique New York CPA Firm Serving the Needs of Individuals & Small Businesses

It’s tough enough to find the right person to care for your child in the home, without having to worry about the New York nanny tax complications of becoming a household employer. Although the rules for nanny taxes in NYC have been liberalized in some ways, other requirements are just as stringent as they’ve always been. Here’s a snapshot of what you must do to steer clear of trouble with the IRS when you hire someone to take care of your children in the home.

Social Security and Medicare tax (FICA). If you have household workers, you are required to withhold and pay FICA taxes if cash wages paid in 2010 total $1,700 or more (this amount is unchanged from 2009 because of low inflation). As the employer, you have to report and pay the required employment taxes for these domestic employees on Schedule H (Household Employment Taxes), with the tax amount then transferring to the appropriate line on your New York  income tax Form 1040 or 1040A. Not paying the “nanny tax” is on your Manhattan income taxes is considered income tax evasion.

There is one limited FICA exception for wages paid to domestic employees who are under 18. Social security and Medicare tax doesn’t apply at all to these employees if domestic work is not their principal occupation. This exception may help with steady evening and weekend baby-sitters, but otherwise it’s not important to those parents who need help with children during the day.

Unemployment tax (FUTA). You must pay the FUTA tax for any household employee whom you pay $1,000 or more in a calendar quarter. The effective FUTA tax rate varies state-by-state. We can give you all the details on the FUTA part of you New York City nanny income taxes.

Payroll tax paperwork. The FICA and FUTA you owe for any household employee is computed on Schedule H of Form 1040 on your Manhattan income taxes and paid along with your regular  New York income tax bill. Although you are not required to make estimated tax payments for FICA and FUTA, it might be a good idea to make quarterly payments to avoid winding up with an unexpectedly large bill at tax return time.

Federal income tax withholding. Thankfully, you aren’t required to withhold federal income tax from the wages of household employees. But you are required to file a Form W-2 for every domestic employee whose wages are subject to the social security tax. And you will need to get an Employer Identification Number for yourself, which is not the same as your social security number. Although you are not required to do so, your household employee may ask you to withhold federal income tax. If you agree, you should be aware of the Making Work Pay Credit (MWPC), which is provided to employees through reduced income tax withholding in 2009 and 2010. Otherwise, the individual will claim the credit when he or she files a 2009 return in 2010 and a 2010 return in 2011.

If you pay the nanny’s share of Social Security taxes in addition to your share rather than have the nanny incur that expense, you or the nanny won’t need to pay additional  social security taxes on that amount. The nanny, however, will be considered to have additional income for New York income tax purposes.
There may be other  Manhattan tax complications as well. For example, depending on state law, many employers of even household help may have to file and pay state unemployment insurance tax for each quarter in which the state wage threshold is reached. And the rules may be somewhat different if you have other employees.
As you can see, the tax rules for child-care help are still complicated. We are in a position to advise you of the least troublesome way to take care of all your tax responsibilities. Our firm of Manhattan income tax CPAs are well versed in dealing with NYC nanny tax laws. Please do not hesitate to call  our Manhattan CPA office if we can be of assistance to you.

About us: MEDOWS CPA, PLLC is a boutique New York CPA NY Firm serving the needs of Individuals & Small Businesses in New York City and throughout the nation.  We work with the self-employed, freelancers, LLC, C-Corporations and S-Corporations to help them with their accounting and tax needs.

Jonathan Medows, CPA

MEDOWS CPA, PLLC

http://www.medowscpa.com

http://taxblog.medowscpa.com

info@medowscpa.com

A Unique, Boutique New York CPA Firm Serving the Needs of Individuals & Small Businesses

Besides protecting your family from financial hardship, life insurance also can be an estate-planning tool to transfer large sums to your loved ones free of New York estate tax and at little or no NYC gift tax cost. This can be done using a life insurance trust. Life insurance trusts can have significant current and future use in a wide variety of individual circumstances.

Life insurance proceeds are subject to New York City estate tax if the insured owned the policy at death, or transferred it within three years of death. Even if the policy was transferred to another, an insured is considered to still own the policy if, for example, the insured possesses any of the following: the right to change the beneficiary, the right to borrow against the policy, the right to surrender the policy for its cash value, or the right to pledge the policy for a loan. In other words, all of these “incidents of ownership” in the policy must be transferred more than three years before death for the proceeds to escape being included in the insured’s estate.
If these obstacles are overcome, substantial New York estate tax savings can be realized by transferring a life insurance policy. But if you give a policy to your spouse who predeceases you, the policy’s value will be taxed in your spouse’s estate. You probably do not want to give the policy to your children either, unless they are mature and financially secure in their own right.

It is for these reasons that life insurance trusts have become such popular devices in New York. If a life insurance policy and all policy rights are transferred to an irrevocable trust, and the ex-owner survives for the next three years, the policy proceeds can escape estate tax in the surviving spouse’s estate as well as the insured’s. A trust also provides flexible settlement options. You can have the funds managed professionally, protecting beneficiaries from financial inexperience. The trustee can be given discretion to pay income in varying amounts to beneficiaries depending upon their needs and their Manhattan tax situations.

If you want to set up a life insurance trust, you also have to decide whether it should be funded or unfunded. If the trust is to be funded, you will have to transfer cash or other property to it to pay the premiums on the policy. If it is unfunded, you or someone else will have to make periodic contributions to it so that the premiums can be paid. As with any trust, there are NYC income tax and gift tax consequences that have to be planned for.

The tax-saving opportunities of life insurance trusts are so substantial that some lawmakers have called for their elimination. Nevertheless, Manhattan insurance trusts have survived the current round of budget balancing and deficit reduction, and if there are any future changes in this area, in all likelihood, they would not apply retroactively. If you are interested in setting up a trust or learning more about this technique, please don’t hesitate to call us. Our experienced New York estates and trusts CPAs will be glad to assist you.

About us: MEDOWS CPA, PLLC is a boutique New York CPA NY Firm serving the needs of Individuals & Small Businesses in New York City and throughout the nation.  We work with the self-employed, freelancers, LLC, C-Corporations and S-Corporations to help them with their accounting and tax needs.

Jonathan Medows, CPA

MEDOWS CPA, PLLC

http://www.medowscpa.com

http://taxblog.medowscpa.com

info@medowscpa.com

A Unique, Boutique New York CPA Firm Serving the Needs of Individuals & Small Businesses

Significant New York income tax savings can be achieved through a properly planned program of gifts to charity. Although a contribution may be motivated by humanitarian reasons, it is nevertheless wise to take the Manhattan income tax considerations into account when making a contribution. Charitable giving can be divided into two general categories. First, there are donations that are made on a regular basis and involve relatively small amounts. Second, there is the large extraordinary donation often associated with estate planning. Different planning concepts govern each type of donation.

Individuals, such as you, who make charitable contributions should take into consideration a number of factors when making the decision as to when and how much to contribute, including the deduction-limitation rules. Generally, the amount that you may deduct in a tax year cannot exceed 50% of your adjusted gross income. (Fortunately, the amount in excess of the limitation can be carried forward five years). However, lower percentages apply when donations are made to certain donees, when the contribution consists of capital gain property, and when contributions are made “for the use of” a donee rather than “to” a donee.
The IRS requires that contributions of $250 or more must be substantiated in order to be deductible on your income taxes in New York City. The burden is placed on you, as the donor, to request written substantiation because a canceled check may not be sufficient to support a deduction. The amount of the contribution is fully deductible whether it is paid by cash, check or credit card. However, a charitable deduction cannot be based on a mere pledge to pay. The pledge must actually be paid before the end of the year in which the deduction is claimed on your New York income taxes.

A charitable deduction is not allowed to the extent that you receive a benefit for the contribution, such as admission to a charity ball, banquet, show or sporting event. In such cases, payments qualify for the deduction only to the extent they exceed the fair market value of the privileges or other benefits received. In addition, no charitable deduction may be claimed for travel expenses, including meals and lodging, if there is a significant element of personal pleasure, recreation or vacation present in the travel.

A deduction is not allowed for the value of services contributed to the charitable organization. However, if you are active in such organizations, you should be aware that out-of-pocket expenses incurred while performing volunteer services are deductible  on your Manhattan income taxes as a charitable contribution. If you use your auto, you may also be able to deduct the standard mileage allowance of 14 cents per mile on your income taxes in NYC.

Noncash contributions present a unique set of planning opportunities. There are special rules for the donation of cars, boats, and planes if the claimed value exceeds $500. If you have appreciated assets, you may want to consider donating the asset rather than selling and donating the proceeds. Using this approach allows you to avoid the capital gains tax that results from selling the asset. In addition, the deduction amount is for the fair market value of the asset at the time of the donation, regardless of your basis. There are additional limitations and elections that must be considered when donating assets instead of cash, including the need for an appraisal.

Large contributions require special tax-planning considerations. First, you must determine whether or not it is advisable to make a contribution during your lifetime or at death. Thus, your income and prospective estate tax brackets must be considered. You should take into consideration the income tax deduction limitations mentioned above, and the fact that there are no limitations for estate tax charitable contribution deductions. Second, you should consider whether you can afford the gift, not only in the current year, but in future years as well. This requires an analysis of the financial needs of you and your family, which may indicate that some form of deferred charitable giving is appropriate.

We can assist you with your short-term and long-term charitable giving plans and answer any questions you may have regarding your overall Manhattan tax plan. Please call our experienced small business CPAs in Manhattan at your earliest convenience to arrange an appointment.

About us: MEDOWS CPA, PLLC is a boutique New York CPA NY Firm serving the needs of Individuals & Small Businesses in New York City and throughout the nation.  We work with the self-employed, freelancers, LLC, C-Corporations and S-Corporations to help them with their accounting and tax needs.

Jonathan Medows, CPA

MEDOWS CPA, PLLC

http://www.medowscpa.com

http://taxblog.medowscpa.com

info@medowscpa.com

A Unique, Boutique New York CPA Firm Serving the Needs of Individuals & Small Businesses

Did you know that your summer day care expenses may qualify for a NYC income tax credit? Many parents who work or are looking for work must arrange for care of their children under 13 years of age during the school vacation. Those expenses may help you get a credit on next year’s Manhattan income tax return.

Here are five facts the IRS wants you to know about a tax credit available for child care expenses in Manhattan. The Child and Dependent Care Credit is available for expenses incurred during the lazy hazy days of summer and throughout the rest of the year.

1.       The cost of day camp may count as an expense towards the child and dependent care credit.

2.       Expenses for overnight camps do not qualify.

3.       If your childcare provider is a sitter at your home or a daycare facility outside the home, you’ll get some tax benefit if you qualify for the credit.

4.       The actual credit can be up to 35 percent of your qualifying expenses, depending upon your income.

5.       You may use up to $3,000 of the unreimbursed expenses paid in a year for one qualifying individual or $6,000 for two or more qualifying individuals to figure the credit.

For more information check out IRS Publication 503, Child and Dependent Care Expenses. This publication is available on the IRS Web site, IRS.gov or by calling 800-TAX-FORM (800-829-3676). Or, if you would like to know how your income taxes in NYC are affected by this, feel free to contact our office of Manhattan income tax CPAs at your convenience.

About us: MEDOWS CPA, PLLC is a boutique New York CPA NY Firm serving the needs of Individuals & Small Businesses in New York City and throughout the nation.  We work with the self-employed, freelancers, LLC, C-Corporations and S-Corporations to help them with their accounting and tax needs.

Jonathan Medows, CPA

MEDOWS CPA, PLLC

http://www.medowscpa.com

http://taxblog.medowscpa.com

info@medowscpa.com

A Unique, Boutique New York CPA Firm Serving the Needs of Individuals & Small Businesses

July 2010 E-News Letter

We hope you are enjoying the warm weather and finding some time to re-charge your batteries.    As a courtesy we would like to remind you about upcoming filing dates and to identify some other issues of interest:

Reminder about Due Dates:

Payroll Taxes: Quarterly Tax Returns are due by July 31, 2010 for the Second Quarter for 2010.

Sales Tax: Sales Tax Returns for Quarterly Filers for June – August 2010 is due by September 20, 2010

Personal and Business Estimated Taxes: Personal and Business estimated Income Tax payments are due by September 15, 2010. The MCTMT (aka the MTA Tax)  for April 1, 2010  -  June 30, 2010 is due by July 31, 2010.

Business Tax Returns on Extension: Business Returns on Extension (Multi-Member LLC returns, S-Corporation Returns, C-Corporation Returns) are due by September 15, 2010.

Personal Tax Returns on Extension: Personal Returns on Extension are due by October 15, 2010

Back Tax Liability? Call us to Help You End Your Nightmare

Do you or a friend or family member have a substantial liability to the IRS?  We have experience negotiating with the IRS to arrange payment plans, to suspend tax payment and to negotiate settlements at amounts below the tax liability.  Depending on the amount of money owed, tax liability type  and financial circumstances we may be able to help deal with a precarious financial situation.  If taxes are keeping you or someone else up at night please call or email and we can advise what we think is a viable option.

Entity Formation:

Have you considered starting your own business? We can assist you in determining the appropriate entity to choose for tax minimization purposes and assist you in the formation of the entity.  We can also provide guidance about going accounting and tax issues for your potential entity as well as tax preparation.  Please contact us today and we would be delighted to assist you.

Blog and Tax Articles

We have recently augmented the content of our blog and tax articles page with more helpful tax advice.   Please visit both sites for some informative and money saving tax articles.

Conference & Vacation Dates:

Our office will be closed on from July 13, 2010 and July 14, 2010 to attend an accounting conference out of town.    We will also be closed for vacation from July 26, 2010 thru July 30, 2010.

Sincerely,

Jonathan Medows, CPA

If you have young children, you should consider the cost of higher education well in advance, and how it will effect your NYC income taxes. Two educational savings vehicles allow individuals to save for education on a tax-favored basis in New York: a qualified tuition program and a Coverdell education savings account. Also, you may be able to exclude from your  Manhattan income taxes a limited amount of bond interest received from qualified U.S. savings bonds in the year you pay higher education expenses. Parents may also use funds from an individual retirement account or a traditional form of savings to pay tuition costs. Generally, the payment of higher education costs is supplemented with scholarships, loans and grants. However, having a viable plan as early as possible in a child’s life will make maximum use of a family’s financial resources and may provide some New York City income tax benefit.

Section 529 plans. The Tax Code allows New York State and some educational institutions to offer so-called “529″ plans (known for the section of the Tax Code that governs them). They are also sometimes called qualified tuition programs (QTPs). They allow you to either prepay or contribute to an account for paying a student’s post-secondary education expenses. An eligible educational institution generally includes colleges, universities, vocational schools or other post-secondary educational institutions. In addition, distributions from state programs, even to the extent of earnings, are now entirely tax-free to the extent used for qualified higher education expenses. This tax-free treatment also has been available for distributions from private college and university programs.

Coverdell education savings accounts. Coverdell education savings accounts (also sometimes called education IRAs) are similar to IRAs. You can save today for future educational expenses, not just higher educational expenses. Funds in a Coverdell ESA can also be used for K-12 and related expenses. The maximum annual Coverdell ESA contribution is $2,000 per beneficiary. Contributions are not deductible by the donor and distributions are not included in the beneficiary’s income as long as they are used to pay for qualified education expenses. Earnings accumulate tax-free. Contributions generally must stop when the beneficiary turns age 18, except for individuals with special needs. Parents can maximize benefits, however, by transferring older siblings’ accounts for use by a younger brother, sister or first cousin, thereby maximizing the tax-free growth period. Excess contributions are subject to an excise tax on NYC income tax returns.

Although the amounts of adjusted gross income allowed for a contributor to a Coverdell ESA are subject to phase-out, the limits are generous. The annual contribution starts to phase out for married couples filing jointly with modified AGI at or above $190,000 and less than $220,000 and at or above $95,000 and less than $110,000 for single individuals.

Undoubtedly, some of these provisions will be more important to you than others, depending upon your personal circumstances. If you would like to explore how these opportunities can work for you and how they may effect your future income tax returns in New York, please do not hesitate to call.

About us: MEDOWS CPA, PLLC is a boutique New York CPA NY Firm serving the needs of Individuals & Small Businesses in New York City and throughout the nation.  We work with the self-employed, freelancers, LLC, C-Corporations and S-Corporations to help them with their accounting and tax needs.

Jonathan Medows, CPA

MEDOWS CPA, PLLC

http://www.medowscpa.com

http://taxblog.medowscpa.com

info@medowscpa.com

A Unique, Boutique New York CPA Firm Serving the Needs of Individuals & Small Businesses

If your New York home or other property is damaged as a result of a fire, earthquake, flood, hurricane, vandalism or similar event, you may be able to take a deduction for the loss on your New York City income tax return. To be deductible as a casualty loss, the property must be damaged, lost or destroyed by a sudden, unexpected or unusual event. Therefore, using the term “tax planning” when referring to a casualty loss may seem inappropriate. However, if you have suffered a loss, there are several New York tax issues that you need to consider, such as determining the year in which to take the loss, the benefit of married individuals filing separately, valuation of the property, limitations and adjustments to the loss, and finally the tax consequences of any insurance reimbursements or recoveries.

A casualty loss is not allowed when the loss is gradual, such as insect damage to trees or water damage from a leaky roof. Therefore, damage or destruction resulting from progressive deterioration of property, such as beachfront erosion, would not qualify as a casualty loss. Loss of property through theft is deductible on your Manhattan income tax return, but merely misplacing property is not.

The amount of a deduction is generally determined by the difference in the fair market value of the property before and after the loss, or by the cost of the necessary repairs to restore the property to its original condition. However, the amount of a loss cannot exceed your basis. Even with the destruction of a home or building, the loss is actually not a total loss since the land retains its value.
The amount of the loss is further reduced by any amounts covered by your insurance company, regardless of whether or not you file a claim . After the loss is determined and the insurance reimbursement is subtracted, the loss deduction is generally reduced by $100 for each casualty, any casualty gains, and 10 percent of your adjusted gross income. If the loss occurred as a result of a federally declared disaster, these limitations may not apply and the loss may be included in your standard deduction if you do not itemize.

Recovering from a casualty loss takes time and planning. There are many things to consider, but our office is available to answer any questions regarding how casualty loss relates to your unique Manhattan income tax situation. Please call our experienced CPAs to discuss your NYC casualty loss tax issues and determine your best options to recovery.

About us: MEDOWS CPA, PLLC is a boutique New York CPA NY Firm serving the needs of Individuals & Small Businesses in New York City and throughout the nation.  We work with the self-employed, freelancers, LLC, C-Corporations and S-Corporations to help them with their accounting and tax needs.

Jonathan Medows, CPA

MEDOWS CPA, PLLC

http://www.medowscpa.com

http://taxblog.medowscpa.com

info@medowscpa.com

A Unique, Boutique New York CPA Firm Serving the Needs of Individuals & Small Businesses

Generally, New York small business owners are entitled to deduct ordinary and necessary expenses paid or incurred while traveling away from home in their business, profession, or for-profit activity on their Manhattan income taxes. If any part of the small business travel is outside the United States, however, some of the deductions for the cost of getting to or from the destination may be limited. The determination of how much of the travel expenses are deductible on NYC income taxes depends partially on how much of the trip outside the United States was related to your small business.

If you travel outside the United States and spend your entire time on activities involving your New York City based LLC of S-corporation, you may deduct all of the travel expenses you incurred getting to and from your business destination, as well as lodging and 50 percent of meal costs. However, if the purpose of the trip is primarily personal, none of these costs are deductible on your New York income taxes, even if some business is conducted for your NYC S-corporation.

Where the purpose of the trip is primarily related to your  Manhattan based small business but some nonbusiness (vacation type) activities are engaged in, the deductible business expenses must be allocated in proportion to the business versus nonbusiness days. Only the costs allocable to the small business portion of the trip may be deducted on your New York income taxes, unless you come within one of the “safe harbors” which allows you to treat the trip as if your time were spent entirely on business. To qualify, either the total travel time must not be more than a week, or the nonbusiness activity must be less than 25 percent. There are some special rules for determining which days count for these purposes.

Naturally, some of the rules are a bit complicated. However, they must be followed if you wish to qualify for the largest possible deductions for your expenses. If you wish to discuss them more fully to understand just how much your LLC or S-corp will be able to deduct, please do not hesitate to contact our Manhattan office.

About us: MEDOWS CPA, PLLC is a boutique New York CPA NY Firm serving the needs of Individuals & Small Businesses in New York City and throughout the nation.  We work with the self-employed, freelancers, LLC, C-Corporations and S-Corporations to help them with their accounting and tax needs.

Jonathan Medows, CPA

MEDOWS CPA, PLLC

http://www.medowscpa.com

http://taxblog.medowscpa.com

info@medowscpa.com

A Unique, Boutique New York CPA Firm Serving the Needs of Individuals & Small Businesses