718-645-0500

Big Firm Capability.
Small Firm Personality.

718-645-0500

Big Firm Capability.
Small Firm Personality.

Throughout each of our active industries
the fundamentals of good accounting remain the same.

We pride ourselves in being a comprehensive destination for business accounting services, providing a wide range of financial services with speed and dedication.

Each of the services listed below can be tailored to suit your unique needs and budget.

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A business owner is responsible for managing their operations, and is not an expert in tax and accounting procedures. That’s why we are here to be your accounting partner. We take care of all financial and accounting requirements, freeing you up to focus on your long term business goals.

We deliver thorough, accurate reporting to inform you with critical financial data about your business, empowering you to make the best decisions you can.

We also work with you to conduct financial performance reviews throughout the year, offering you all of our expertise in order to help you find valuable insight within the numbers.

Our Accounting Services:

  • Accounting Consulting
  • Financial Statements
  • Financial Reviews and Compilations
  • Cash Management
  • General Ledger Review & Audits

  • Training and coaching your internal finance team
  • Consulting on emerging issues and changes in reporting standards
  • Part time CFO services
  • Financial forecasting & Budgeting
  • Business Planning and Financial Management

Bookkeeping is critical to the health of your enterprise, but it can be taxing and stressful to manage in-house. We are able to manage your books off-site, which will free you of the paperwork and logistics of creating a full internal accounting department. The best part is that we structure our service to provide you with the same level of convenience and access that an internal accounting team would provide. We provide you with online access to your financial reports and ledgers, which means the information you need is always at your fingertips. Minimize overheads by choosing us as your outsourced bookkeeping partners.

Our Bookkeeping Services:

  • Receivables & Payables Processing
  • General Accounting Data Entry
  • Monthly Reconciliations
  • P&L, Balance Sheet Monthly Reporting

  • Cash Flow & Budget Analysis
  • Customer Invoicing
  • Cost Accounting, Cost Analysis

Quickbooks is a widely spread, user friendly, and affordable software. However, we have found that many businesses are struggling and need help and guidance in maintaining their accounting records.

We are here to provide maintenance, set-up, cleanup, adjustments of general ledger, and to serve all your quickbooks related needs.

Our Quickbooks Services: 

  • Monthly Review
  • Monthly Reconciliation
  • Maintenance
  • Set-up

  • Cleanup
  • Adjustments of General Ledger
  • Training

One of our priorities is to deliver full and thorough tax planning services in order to minimize our client’s tax liabilities and maximize their after-tax dollars. The way this is achieved is careful planning and creating a tax-savings strategy that is personalized for each client’s situation. We stay up to date on every tax law, code, and regulation that affects you, and seek to identify all tax-savings opportunities while always maintaining full compliance with local, state, and federal tax law.

Our Tax Services:

  • Federal, State, and Local Tax Compliance Services
  • Business Income Tax Preparation
  • Payroll Taxes
  • Sales and Use Taxes

  • Tax Planning and Advisory Services
  • NYC Commercial Rent Tax
  • Miscellaneous Federal, State and local Filings (NYC RPIE Filings, annual reports, employee tip reporting, etc.)

It is a sound and often crucial practice to bring in an outside professional to audit your financial wellbeing. We are available to conduct a complete review of your business accounts to ensure everything is compliant and in perfect order, and to develop a comprehensive picture of your company’s financial standing.

Our Auditing Services:

  • Financial Review and Analysis

  • Audited Financial Statements

 

Outsourcing your payroll management can free up key management resources within your business and make your operating workflow a great deal smoother. With payroll laws constantly changing, it takes a dedicate team such as ours to stay on top of the latest compliance requirements. Save your precious time and cost when partnering with us to manage your business payroll.

Our Payroll Services:

  • Paycheck processing and printing
  • Working Compensation Audits
  • W-2 Processing
  • 1099 Processing

  • Quarterly and Annual Payroll Tax reporting
  • Manage certain HR functions
  • Federal, state and local tax filings and deposits are made on your behalf

We are able to provide you with support and information from the day you start your business, and can continue to advise you as you progress to each new level of growth in your industry. We will help you set the stage for your business to succeed by giving it a solid foundation with the proper legal structure and financial practices.

Our Business Formation Services:

  • Help Selecting the business structure (C-Corp, S-Corp, LLC, Professional Corporation, etc.) that best fits your needs by evaluating tax advantages, legal exposure, ease of operation and portability
  • Business formation and set up

  • Prepation of Business Plans
  • Help selecting the right accounting software, systems and infrastructure
  • Establishing procedures of billing, collections and costs control

Facing tax problems is a stressful and challenging experience. We are here to help you be fully prepared and maximize your chances of a positive outcome when dealing with tax authorities. With the strength of our years of experience in dealing with tax and accounting laws, you will feel the relief of having a veteran team in your corner.

Our Tax Problems & Audit Representation Services:

  • IRS, State and Local Audit Representation
  • Non-Filed Tax Returns
  • Back Taxes Owed
  • Payroll Tax Problems
  • IRS Liens
  • IRS Levies

  • IRS Wage Garnishment
  • IRS Seizures
  • IRS Payment Plan
  • Offer In Compromise
  • Innocent Spouse Relief
  • Get Your IRS File

Often times a growing business will need substantial financial planning and management, but isn’t ready to hire a full time CFO or controller. Our Part-Time CFO services are designed to meet the needs of businesses in this position. You will obtain the benefit of a professional financial manager to bolster your financial operations at a cost that is affordable.

Our Outsourced CFO Services:

  • Strong financial controls in your business to reduce employee theft and increase profits.
  • Assistance in defining long-range plans and the quantification of goals
  • Budget preparation and monitoring
  • Cash management
  • Custom designed collection policies and procedures
  • Development of company accounting procedure manuals
  • Improved decision-making capabilities from clearly seeing the hard and true numbers of your business
  • Improved quality and timeliness of financial information

  • Liaison with bankers, attorneys, vendors, insurance agents, etc
  • Mergers and acquisitions assistance
  • Profitability analysis by service or product line
  • Review of insurance policies
  • Tax saving strategies
  • Professional overseeing, protection and constantly improvement the financial side of your business
  • Training and managing your accounting staff
  • Trend analysis

Over our years of service, we have developed deep expertise in several key industries. We leverage this experience for our clients and will provide industry-specific knowledge to help you thrive.

Industries served by our company include:

  • Construction Companies
  • Fashion and Creative Sector
  • Restaurants and Catering
  • Health Care
  • Manufacturing & Distribution
  • Media, Information & Entertainment

  • Nonprofit
  • Professional Services Firms
  • Retail Sector
  • Taxicab Mini Fleet
  • Transportation
  • Real Estate


CONTACT US TODAY

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1312 Kings Highway, 2nd Floor, Brooklyn, NY 11229
Phone: 718-645-0500 Fax: 718-645-0509
info@protaxcenter.com

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