(212) 641-0673 george@dimovtax.com

Accounting Services

Business Taxes

Tax preparation and compliance

Corporate tax preparation, partnership tax preparation, tax compliance, state, local, federal, and international-related tax consulting, sole proprietorship accounting and tax preparation.

Forensic Accounting

Making sense of your data

Tasks in this category include everything from investigating spending during a marriage to reallocating a partner’s capital accounts and ownership share during the inclusion of a new business partner.

Valuation Services

Discounted Cash Flows

There are several common means for establishing business valuation. We have years of experience with prospective financials, financial projections, and other situational and forward looking pro-forma work

Review Services

Limited assurance

This is a limited assurance that financial statements appear to be in line with Generally Accepted Accounting Principles

Compilation

Financial Statements Preparation

Give us your financial information, and we will create a set of standard, professional financial statements

Attestation Services

Most Detailed Service

For companies of a certain size, or companies with certain debt/equity funding requirements, audited financial statements may be required.

Bookkeeping

Our firm has over a decade of experience in bookkeeping for businesses ranging in size from a single owner to thousands of staff members. Some of the services we currently provide are payroll, accounts payable, accounts receivable, and reconciliation to bank records.

Audit & Attestation

Our core team has extensive experience working at Global as well as Regional audit firms in a variety of capacities and industries. Due to the breadth of our backgrounds and professional history, we are able to seamlessly provide audit support to our clients.

Private Equity Fund Accounting & Taxation

George Dimov, our managing CPA, has 12 years of complex tax compliance experience in New York City and Miami. Private equity industries audited/worked include retail, real estate, manufacturing, infrastructure funds, technology investments, biotech, etc.

Payroll & HR Outsourcing

Our staff at George Dimov, CPA has extensive experience setting up and maintaining payroll, benefits, quarterly payroll filings, and all other matters related to the bank-end of your human resource and payroll processes.

ITIN number

You own U.S. property that is being sold and withholding tax is being taken. In order to reduce this tax, IRS Form 8288-B must be filed. This necessitates an ITIN.

Insurance Claim Accounting

If you are currently seeking reimbursement, our insurance claim accounting services in the NYC area can help. Our team has experience and involvement in collecting over $110 million in insurance reimbursements from Hurricane Sandy.

Retail Accounting

Like every other industry, retail has its own metrics that need to be monitored. We speak the language of our clients and have worked with suppliers to improve their sales, real-time-replenishment, profitability, and relationships with retailers such as Wal-Mart, Lowe’s, Home Depot, Publix, Kroger, Bed Bath & Beyond, Sam’s Club, and many others.

M&A Consulting

With over 12 years of experience in advising business purchase & sale decisions, the accounting firm of George Dimov, CPA can advise on business valuation, due diligence, accretion/dilution of EPS, sale price, IPO strategy, and other factors related to the sale or purchase of businesses and units of businesses.

Merger & Aquisition Consulting

With over 12 years of experience in advising business purchase & sale decisions, we can advise on business valuation, due diligence, accretion/dilution of EPS, sale price, IPO strategy, and other factors related to the sale or purchase of businesses and units of businesses.

Accounts Receivable

Billing

Invoicing, accounts receivable, etc. Done easily and online for you to access anytime. Keeps track of who has paid your invoices and who is outstanding. Accounts receivables collections reports and aging reports as well. It costs money to hire an AR clerk. We can do this for you more accurately and at less cumulative cost for your business

Accounts Payable

Management of payables to vendors

Payments to vendors, keeping track of spending, approval processes for vendor payments (making sure you don’t double-pay or pay for a service that you didn’t ask for, etc). Since we also file taxes, our bookkeeping is recorded with tax time in mind.

Real Estate Accounting

Property management accounting

Our firm has extensive experience in the residential real estate markets specifically in New York City. Services include management of any and all accounting tasks related to property management, such as property taxes, maintenance of escrow accounts, AP/AR, capital improvements budgeting, line of credit analysis, repairs and maintenance, budgeting , and working with the board of directors.

Inheritance Accounting

Our firm specializes in inheritance accounting, helping beneficiaries and executors accurately manage and report inherited assets. We streamline the process, ensuring proper documentation and compliance with tax regulations, while maximizing the value of your inheritance.

Cross Border Taxation

We specialize in US/Canada cross-border taxation, providing tailored solutions for individuals and businesses navigating the complexities of tax obligations in both countries. Our expertise ensures compliance and strategic tax planning to optimize your financial outcomes across borders.

International Accounting

Our firm specializes in inheritance accounting, helping beneficiaries and executors accurately manage and report inherited assets. We streamline the process, ensuring proper documentation and compliance with tax regulations, while maximizing the value of your inheritance.

Back Office Accounting

We do your accounting

Reach out to us for solutions regarding any back-office accounting-related tasks that you would like to outsource. This is called back office accounting or bookkeeping, and we can do it at a lower cost and with greater accuracy than hiring in-house. We also do it with your taxes in mind.

Estate & Trust Taxation

Specializing in estate and trust taxation, our team ensures compliance and optimizes financial benefits for trustees and beneficiaries. We simplify complex tax processes, providing expert guidance on estate tax filings and trust management.

Forward-Looking Financials

Financial statements are used as presentations to potential investors, budgets for performance comparisons, and supplementary appended materials in a business plan. From financial projections for business plans to business startups, we can quickly put together reports that allow you to create goals for the future.