Frequently Asked Questions
FAQ's
What is the difference between a CPA and a tax preparer?
A CPA meets rigorous education, examination, and licensing standards and can represent you before the IRS on any matter. As licensed CPAs, we go well beyond filing, offering audit support, planning, bookkeeping, and year round financial guidance.
What services does a CPA firm provide?
We provide tax preparation and planning, small business and corporate accounting, bookkeeping, payroll, sales tax, IRS representation, QuickBooks support, new business formation, and estate and trust filings for individuals and businesses alike.
Do I need a CPA for my small business?
If your finances are complex, growing, or time consuming, a CPA is worth it. We handle compliance, planning, and reporting so you can focus on running and expanding your business with confidence.
What is the difference between bookkeeping and accounting?
Bookkeeping records daily transactions, while accounting analyzes and interprets that information. We provide both, keeping your records accurate day to day and turning them into insights that guide smarter business decisions.
Can a CPA represent me before the IRS?
Yes. Licensed CPAs are authorized to represent clients before the IRS on audits, notices, collections, and appeals. We manage that communication directly, protecting your interests and resolving matters as efficiently as possible.
How do I choose the right tax professional?
Look for proper credentials, relevant experience, and year round availability. With more than 45 years serving New York clients, we bring proven expertise, direct access, and a genuine commitment to your success.
What is the difference between accounting and payroll?
Accounting interprets your overall financial health, while payroll focuses on paying employees correctly and on time. We handle both, ensuring accurate records and dependable, compliant payroll for businesses of every size.
When should a small business hire an accountant?
Hire an accountant when tax season, loans, growth, or major financial decisions feel overwhelming. We step in to ensure compliance, optimize your strategy, and give you clear insight into your performance.
What does a bookkeeper actually do?
A bookkeeper records transactions, reconciles bank statements, manages invoices, and produces basic financial reports. We keep your books current and organized so nothing slips through the cracks before tax time arrives.
Do I need an EIN to form an LLC?
Most LLCs need an Employer Identification Number to hire employees, open bank accounts, and file taxes. We handle formation and secure your EIN so your new business launches on solid footing.
How is an LLC taxed?
By default, a single member LLC is taxed like a sole proprietorship and a multi member LLC like a partnership, with profits passing through to owners. We help you choose the best structure.
What is tax planning and why does it matter?
Tax planning structures income, deductions, and timing throughout the year to legally lower what you owe. We plan ahead so you avoid surprises, capture savings, and keep more of your money.
Can a CPA help with IRS tax problems?
Yes. We resolve audits, back taxes, liens, and penalties by representing you directly and negotiating practical solutions, so you never have to face the IRS on your own.
What is the difference between a tax deduction and a tax credit?
A deduction lowers your taxable income, while a credit reduces your tax bill dollar for dollar. We review every return carefully to make sure you claim each one you qualify for.
