You can trust our team to help you with your business. We work with all types of organizations and all sizes. Our modern financial planning and tax services ensure you get the services you need.
Talk to us about corporate taxes, employee fringe benefits, and business succession planning. We're here to support you.
When it comes to managing your business's financial needs, trust only a certified and licensed CPA. You'll get one-on-one service to handle all of your business tax and financial planning needs when you work with us.
We'll help you determine which business organization is right for your needs including S corporations, LLCs, LLPs, and others.
Organizing closely held corporations
Planning for buying and selling a business
Advising on corporate and international taxation
Developing comprehensive business plans
Updating and maintaining financial statements
Changing in business ownership
Payroll tax guidance
Sole proprietorships and corporation help
You'll always get competitive pricing on all of our business services. Talk to us today. We offer aggressive services to ensure you get the best level of protection possible. Let us help you with any need, including financial planning and QuickBooks accounting.
The world of taxation is subject to fads and trends. While "tax shelter partnership", "S Corporation" and " Reit" were once buzzwords of the industry, the hot topics for today's financial advisors are the "LLC" and the "LLP".
A comparison of the advantages and disadvantages of the various business forms
How to form a LLC or LLP
Operating issues concerning LLCs and LLPs
The termination of interest in the dissolution of LLCs and LLPs
Issues affecting distributions from such entities
Basis, At-Risk, and Passive activity considerations
No decision is more important than how to structure the purchase or sale of a business and the office of Hy Appelbaum is qualified to coordinate the structure of the transaction. We will advise you to make sure that the proposed transaction is the best transaction for you, and will also advise you on:
Acquisitions involving the liquidation of a corporation
Acquisitions involving the redemption of shares
Acquiring an interest in an existing corporation or partnership
Acquisitions involving S corporations
Tax attribute carryovers and limitations
Corporations are unique tax entitles. There is special legislation affecting the taxation of S Corporations and we will provide detailed guidance.
Federal income tax considerations of different business forms
Qualifying as an S corporations
Election of S Corporations status and when to make an election
Single class of stock requirements for S Corporations
The taxable year for an S Corporations
Protecting subchapter S Status for the cooperation
Distributions of Cash and Property
Transactions with related parties
Termination of a S corporation status
Passive income from S Corporations
Losses from S Corporations
Tax treatment of S Corporation stockholders
Closely held corporations present unique tax issues and planning opportunities. Special tax issues and planning opportunities including appropriate straggles for the formation, operation and liquidation of the company need to be addressed. We provide services for:
Transfers to controlled corporations
Debt versus equity considerations
Section 1244 stock
C corporations distributions
S corporations distributions
S corporations AAA
Personal service corporations
Hy Appelbaum, CPA can help assist you in your corporate tax issues and needs. We provide services relating to:
Contributions of property to corporations
Net operating losses and capital losses
Dividends and other distributions
Personal holding companies
Accumulated earning tax
Personal service corporations
Complete and partial liquidation's
Contributions of property and services
Basis of partners interest
Reporting of partnership income guaranteed payments
Treatment of liabilities
Sales or exchange of partner's interest
Distribution of partnership assets
Terminating the partnership
Hy Appelbaum, CPA can help assist you your international taxation issues. We provide services for:
Income source rules
Allocations of deductions
Foreign corporations owned by U.S. persons
Controlled foreign corporations
Taxation of foreign persons with U.S. activities or income
Foreign tax credits
Any business needs guidance regarding the statutes affecting the taxation of employee fringe benefits. We provide the information that will help ensure the employers and their employees properly interpret and report employee fringe benefits and income. We provide services for:
IRC section 132 income exclusions
Dependent care assistance programs
Adoption assistance programs
Educational assistance programs
Qualified tuition reduction programs
Employee achievement awards
Meals and lodging
Accident and health plans
Group term and split dollar life insurance
Employer provided transportation
One of the keys to successful business is a well-defined business plan. We will help you with not only the contents of the written plan, but also the planning steps that will leased to a well written plan.
Receive the guidance you need in order to comply with all federal withholding, deposit and reporting requirements. We will complete all necessary forms, FIT, FICA, FUTA, 940,943,945,1099,8027, W2, health, and life insurance benefits, deferred compensations, fringe benefits, company cars, tip reporting, wage garnishment, expense reimbursement, filing corrected forms and more.
Since most closely held family businesses don't survive into the second generation. Business owners need guidance leading you through straggles for transferring ownership and management, funding transfers, reviewing buy/sell agreement, Valuing the business, estimating retirement needs, estate planning and much more.
Are your financial statements up to current standards? We prepare financial statements quickly and efficiently to conform with the latest requirements.