Services

Large enough for the full range of work, small enough that you deal with a CPA who knows your file.

Financial statements

Audit, review or compilation?

These three words get used as though they were interchangeable. They are not. They differ in how much work stands behind the statements, what our report is allowed to say, and what it costs you. Here is the difference in plain terms.

Compilation

No assurance

What we do: We take your figures and put them into proper financial statement form, applying the accounting framework. We do not test the underlying records or verify them against outside sources.
What our report says: States that we have not audited or reviewed the statements and express no opinion or conclusion on them.
When you need it: A landlord, a smaller lender or a partner wants statements in standard form, and nobody has asked for testing.

Fastest and least expensive of the three.

Review

Limited assurance

What we do: We apply analytical procedures and ask questions — comparing balances across periods, testing relationships between figures, and following up on anything that looks out of line.
What our report says: States that we are not aware of any material modifications that should be made for the statements to conform with the accounting framework.
When you need it: The most common bank requirement for an operating loan or a renewal, and the usual middle ground when an audit is more than the situation calls for.

Meaningfully more than a compilation, well below an audit.

Audit

Highest assurance

What we do: We test the underlying records, confirm balances directly with banks, customers and lenders, examine supporting documents, and assess the controls around how your figures are produced.
What our report says: Expresses an opinion that the statements are presented fairly, in all material respects, in conformity with the accounting framework.
When you need it: Investors, bonding companies, larger lenders, franchise agreements and certain regulators and government programs require one. If a document says 'audited financial statements', nothing less will satisfy it.

The most involved, and priced accordingly.

Not sure which one you have been asked for? Send us the request letter, the loan covenant or the email, and we will tell you which level it requires before you commit to anything.

Ask us which one you need

Everything else

The rest of the work.

Audits, reviews and compilations

Our specialty. We prepare financial statements at the level of assurance your lender, bonding company, landlord or investors require, and we plan the work around your schedule so it does not disrupt operations.

Tax preparation and planning

Individual, partnership, S and C corporation returns, with planning through the year rather than only at filing time. Multi-state filings for clients across the country.

Real estate accounting

Books and returns for owners of single-family, multifamily, mixed-use and commercial property, including portfolios held in many LLCs.

Starting a company

An LLC, a PLLC or a corporation in New York or New Jersey. We check the name is available, file the formation, apply for the EIN, and tell you up front what the state will charge you — including the New York publication requirement, which is the cost people do not see coming.

Start one now →

Letters for banks and landlords

A letter confirming who the members of an LLC are, what a business earns, or that we prepare your returns — whatever a bank, a landlord, a managing agent or an agency has asked for in writing. Tell us what it has to confirm and it comes back on our letterhead, checked and signed.

Ask for one now →

Bookkeeping and write-up

Monthly or quarterly books for businesses without accounting staff, and review of the books for those with it.

Payroll

Payroll processing and payroll tax filings, kept current with federal, state and local rules.

Sales tax

Registration, filing and reconciliation of state and local sales tax.

IRS representation

We represent you in audits, notices and collection matters, and bring delinquent returns current.

Estate and trust returns

Fiduciary returns prepared in coordination with your attorney.

Business advisory

Entity selection, buying or selling a business, software selection and financial analysis.

Tell us what the deadline is.

We will tell you what it takes to meet it, and what it will cost, before we start.

Request an appointment