New York City Accountants
Accounting services cover a wide range of tasks. Tax accountants handle everything from estate death taxes to property taxes. In New York City in 2017, property taxes accounted for about 45% of all tax dollars collected. However, tax accountants offer much more. Below are some common services provided by New York City Accountants.
Forensic Accounting
Forensic accounting involves investigating spending during a marriage and reallocating a partner’s capital accounts and ownership share when a new business partner joins. Additionally, it covers dissolution of partnerships, data mining, fraud investigation, and historical accounting record clean-up.
Insurance Claims
Insurance claims often require an accountant’s review. This service, similar to forensic accounting, involves organizing vendor invoices, subcontractor agreements, regulatory manuals, and insurance contracts to submit a claim properly.
Real Estate Accounting
New York City’s real estate market is unique, and residential real estate accounting plays a crucial role. These services include property management, property taxes, escrow account maintenance, capital improvements budgeting, line of credit analysis, repairs, maintenance, and working with the board of directors.
Business Taxes
New York City hosts a vast number of businesses, all of which require accounting services. These services include corporate and partnership tax preparation, tax compliance, consulting on local, state, federal, and international tax matters, and sole proprietorship tax preparation.
Back Office Accounting
Back office accounting services allow businesses to outsource their bookkeeping tasks. By entrusting these tasks to an accountant, businesses can reduce costs and improve accuracy while ensuring their needs are met throughout the process.
All accounting services are essential, even if you don’t think you’ll need some of them. Let the experts at NYC Accounting and Consulting Services handle all your accounting needs.
