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Services

Raisman CPA P.C. provides a wide range of services to individuals and businesses in a variety of industries. We strive to meet each client's specific needs in planning for the future and achieving their goals in an ever-changing financial and regulatory environment.

Our professional services include:


Tax Preparation Services

At Raisman CPA P.C., we guide our clients through a full range of tax planning and preparation decisions with strategies that minimize your tax liabilities, maximize your cash flow and keep you on track to your financial goals. Our expertise, experience, analysis and thorough research allow us to optimize financial opportunities to be found in existing as well as recently altered tax laws. We are knowledgeable and up to date on the tax laws and can make sense of your receipts, bills and notices.

We prepare the following types of returns: personal, corporate, partnership, estate, gift, trust and non-profit.

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New Business Setup

In order to ensure the success of your new business, we can walk you through many of the initial steps and procedures you will need to complete before you start operations. We will assist you:

  • In filing all initial forms and applications
  • In applying for a Federal & NYS identification number
  • In deciding on the fiscal year end for your entity
  • In choosing which type of entity should be formed
  • In deciding which tax basis, cash or accrual, should be used
  • In setting up payroll procedures for you and your employees

These are just a few of the issues you need to address before you can operate your newly formed entity. Let us to guide you through these essential business decisions.

Accounting Services

From start-ups to established enterprises, businesses rely on accurate and insightful financial information in order to maintain profitability and capitalize on new opportunities. Raisman CPA P.C.'s accounting services steer you closer to these goals with accurate record-keeping and reporting as well as support on financial issues such as initial accounting system setup, cost-containment, tax planning, and employee benefit and profit-sharing plans.

These services include but are not limited to:

  • General ledger and financial statement preparation
  • Bookkeeping (Monthly, quarterly, or annual)
  • Accounting system setup and support
  • Payroll processing
  • Cash flow budgeting and forecasting
  • Personal financial statements
  • Employee benefit and profit-sharing plans
  • Corporate tax planning and return preparation

Compilations/Financial Statements

Raisman CPA P.C. provides financial statement services depending on your company's needs.

Compilations

Raisman CPA P.C. provides compiled financial statement services depending on your company's needs. Compilations are usually requested for internal purposes and are based upon information provided by a company's management. They do not offer assurance but may involve some adjustment to accounting records.

Estate and Trust Tax Preparation

Estate taxes and estate tax filing may be required upon your death. At your death, the gross estate value minus qualified deductions, will determine whether an estate filing and tax payment is required.

For estates and trusts, a Federal Form 1041 filing is required by the IRS. New York State has estate taxes and filing and payment requirements as well. Raisman CPA P.C. is experienced with the proper preparation and filing of these returns which can be classified as an initial return, final return, amended return or change in fiduciary on the Federal IRS 1041 form depending on the situation.

QuickBooks Accounting Help and Assistance

QuickBooks can provide useful and timely information in the form of financial statements, reports and graphs. However, it can only provide this information if you purchase the right product and then install, setup and use it properly. We don't just help you use the software, we help you use it more efficiently and more effectively.

As a member of Intuit's QuickBooks Pro Advisor program, we are qualified to develop a bookkeeping program unique to your company, as well as train your staff in its uses. We customize QuickBooks to suit your business needs with business specific reports to provide you with vital day-to-day information to guide you in making financial decisions.

Raisman CPA P.C. offers the following solutions to help meet your QuickBooks needs:

Personal Training

We train you personally! Either one-on-one or several individuals within your organization at your company's location.

Installation

We install QuickBooks on your stand alone computer or in a network environment, in either single- or multi-user mode.

Setup

We assist new QuickBooks users with initial setup including: EasyStep Interview, Preferences, Lists, Customers, Vendors, Employees, Banking and Reports. We also help experienced users manage their businesses more effectively by improving their current setup. Many users experience problems and lack the ability to generate and track important information as a result of inadequate setup.

Support

Our QuickBooks support service can assist you with any installation, setup or operation assistance you might need. In addition, our support is not limited just to the software part of it, but we can also provide accounting and payroll assistance.

Review

Our QuickBooks review service helps companies that have the human resources to perform daily accounting and payroll tasks, but need an accounting and payroll expert to review your transactions, accounts and reports. This review ensures that you receive timely, relevant and reliable financial information. We also inform you of any corrections, adjustments or reclassifications necessary to ensure that the financial information you receive reflects the correct financial condition of your business. Reviews may be conducted at any time, but monthly reviews provide you with up-to-date information and feedback about your business.

Bookkeeping/Write-up

Save your business money by eliminating the need for additional employees or free up your own valuable time by utilizing our bookkeeping and payroll services.

Bookkeeping Services that can be provided are as follows:

  • Preparation of checks and deposits
  • Bank reconciliation
  • Checkbook reconciliation
  • Payroll check preparation
  • Submission of Federal & NYS payroll tax deposits

Utilizing QuickBooks, we can computerize and accurately track your daily bookkeeping operations.

Entity Selection and Restructuring

Your business entity has a large impact on your taxes and other liabilities. From your company's inception through its growth and development, Raisman CPA P.C. can advise you on choosing an entity type and later restructuring if advantageous. With our knowledge and expertise, you will always be receiving the most advantageous entity type for the functions your business performs.

IRS and State Tax Representation

Professional representation can be vital during an audit, and our experience with tax authorities enables us to guide clients in their dealings with federal and state agencies. If you have been chosen for an audit, the professional representation you can find with our firm can put many of your worries at bay. We are ready and willing to answer any and all questions the IRS may be asking of you.

Offers In Compromise

Offer and Compromise is the most desirable solution for people with tax problems, but unfortunately the most difficult solution to obtain. When a taxpayer goes against the IRS or state without an attorney representing them they are setting themselves up for catastrophic failure. The IRS is the largest collection agency in the world with the broadest powers for collections and income and property seizures.

There is no reason why any taxpayer should go against the IRS or state without representation. A CPA who specializes in Offers and Compromises and deals with the IRS and their revenue officers on a daily basis is a taxpayers best chance in getting an Offer accepted. As the old adage goes, a person who represents themselves in court, has a fool for a client.

Payroll Services

Raisman CPA P.C.'s payroll services can help you reduce the time spent on administration through developing and implementing a computerized payroll system that will facilitate processing, timely payment and preparation of tax returns.

Retirement Planning

Based on your company's needs, we will help you create a plan that will maximize profit levels and tax benefits.

The tax code allows generous deductions for retirement plans for small businesses. We work closely with several retirement specialists, and together we can recommend the most beneficial plan for your organization.

Cash Flow and Budgeting Analysis

Good cash management can improve a company's liquidity, reduce costs, and increase profitability. Raisman CPA P.C. can help you maintain optimal cash flow levels by tracking sources and uses, forecasting, and budgeting accordingly. To a business entity, cash flow is something that can make or break the business' ability to survive. We can help you analyze your spending, re-balance your budget and/or debts for an optimal cash flow to support your business' success. This balance plan would be revisited if and when there were any major changes in your business structure to ensure that you are operating at an optimal level. With our help and guidance, you will always be on top of your finances and ready for the future.

Financial Projections and Forecasts

No one can predict the future perfectly, but we can all benefit from planning for it. Raisman CPA P.C. combines expertise and experience with a gained understanding of your business to produce financial projections that can help you manage your business plan and spending. Forecasting for the future is imperative to your company's success. We make it a point to keep current with market trends and updates so that your business can be prepared for what is to come. Depending on your needs, our work can range from top-level reports to detailed financial models.

Debt and Finance Advising

Whether your needs are corporate or personal, Raisman CPA P.C.'s professionals can assist you in sorting out the different options available for debt management and financing that will lower your payments and/or reduce the total amount of interest paid. Re-balancing your debts can also result in tax deduction savings. Even if you are able to handle the payments and the amounts of your current debts, our expertise may be able to save you money and/or lower your payments.


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