Industries For Every Accounting, Tax & Advisory Services

CPA New York State

Accounting & Advisory for Small Businesses

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A Small businesses face unique financial challenges, including managing cash flow, navigating tax compliance, and keeping up with bookkeeping. At GTA Accounting Group, we specialize in small business accounting solutions that simplify these processes, allowing you to focus on what you do best—growing your business.

Critical Services We Offer for Small Businesses:

Bookkeeping: Accurate financial records are essential for the smooth running of any business. We offer full-service bookkeeping, which includes tracking income and expenses, reconciling bank accounts, and preparing financial statements that help you make informed decisions about your business.
Tax Planning and Compliance: Many small businesses overpay their taxes simply because they are unaware of deductions or tax credits they qualify for. We provide tax compliance for corporations and small businesses, ensuring you take advantage of every opportunity to minimize your tax liability.
Payroll Solutions for Small Businesses: Managing payroll can be time-consuming, especially when ensuring compliance with tax regulations. Our payroll services ensure that your employees are paid on time and that all payroll taxes are appropriately managed.
Outsourced Accounting Services: Hiring a full-time accountant can be expensive for small businesses. That’s why many companies prefer our outsourced accounting services, which provide the same expertise at a fraction of the cost.
Advisory Services: Our team goes beyond basic accounting to provide advisory services, helping you with business formation, financial forecasting, and decision-making. We work closely with you to understand your financial goals and provide strategic guidance.

Benefits of Working with Us:

Save Time: Outsourcing your accounting and tax needs can free up valuable time to concentrate on business growth.
Save Money: Our services are cost-effective, helping you reduce operating costs and avoid penalties.
Expert Guidance: You’ll have access to highly experienced CPAs who can guide you through the financial challenges of running a small business.

Contact us today to learn how our accounting services for businesses can help your small business thrive. Let us handle your financial needs so you can focus on growing your company.

Partners

Need a CPA in New York? Choose GTA Accounting Group.

We take pride in the positive feedback we receive from our clients. Here’s what some of them have to say:

"GTA Accounting Group helped us navigate a complex tax situation with ease and professionalism. Their expertise saved us thousands of dollars and gave us peace of mind."

Jane D

Business Owner

"The team at GTA Accounting Group is incredibly knowledgeable and responsive. They provided clear guidance and support throughout the entire tax season."

Benjamin Anderson

Navi Founder

Corporate Accounting & Advisory Services

Financial management is complex and requires a strategic approach for corporations. At GTA Accounting Group, we provide comprehensive corporate tax planning and advisory services that address the specific needs of large businesses. We aim to help corporations reduce their tax liabilities while ensuring full compliance with federal, state, and local tax laws.

Critical Services for Corporations:

Corporate Tax Planning: Corporate tax planning is not just about minimizing taxes; it’s about developing a long-term strategy that aligns with your business goals. Effective corporate tax planning helps reduce the risk of penalties and ensures your business stays competitive. For example, we help you take advantage of deductions, tax credits (like R&D credits), and investment incentives that reduce your overall tax burden while increasing your company’s profitability.
Tax Compliance for Corporations: Staying compliant with state and federal tax laws is essential for any corporation. Failure to comply can lead to significant fines and penalties. We ensure that your corporation meets all tax filing requirements, from federal tax compliance to multi-state tax reporting, while minimizing risks associated with complex tax regulations.
Business Advisory for Corporations: Our advisory services go beyond tax planning. We provide strategic advice on mergers and acquisitions, financial restructuring, and corporate governance. Our team works with your finance department to implement strategies that enhance overall financial performance while ensuring regulatory compliance.

Audit and Assurance: Many corporations must undergo regular audits by investors, lenders, or government agencies. Our audit and assurance services thoroughly review your financial statements, ensuring they meet the highest standards of accuracy and transparency. We also help corporations prepare for audits by identifying and correcting potential issues.

Benefits of Working with Us:

Risk Reduction: We help corporations anticipate regulatory changes, reducing the risk of non-compliance and financial penalties.
Increased Profitability: By optimizing tax strategies, corporations can reinvest savings into business growth, research, or other vital areas.
Expert Guidance: Our team of experienced CPAs and tax advisors work closely with you to ensure that all tax and financial decisions support long-term business objectives.

Contact GTA Accounting Group today if you're ready to optimize your corporate tax strategy and ensure compliance with the latest regulations. We'd like to help you navigate the complexities of corporate tax and financial management.

Non-Profit Organizations: Accounting, Tax, & Advisory Services

Non-profit organizations face unique financial challenges that require specialized accounting and tax services to ensure they remain compliant and financially healthy. At GTA Accounting Group, we offer comprehensive non-profit financial services, from ensuring tax compliance to conducting audits, allowing you to focus on your mission.

Critical Services for Non-Profits:

Tax Compliance and IRS Form 990: Maintaining your tax-exempt status is essential for any non-profit. We prepare and file the IRS Form 990, a public document demonstrating how your organization uses its funds. Accurate and timely filing is critical to avoid penalties and maintain public trust.
Audit and Assurance for Non-Profits: Audited financial statements provide transparency to donors and grant providers, showing that your organization manages funds responsibly. Our audit services help non-profits comply with grant requirements and ensure accurate financial reports.
Unrelated Business Income Tax (UBIT): Non-profits sometimes generate income through activities unrelated to their primary mission, which may be subject to UBIT. We assist in identifying unrelated business activities and minimizing tax liabilities through strategic planning.
Non-Profit Advisory Services: We provide strategic advisory services, offering insights on managing cash flow, improving internal controls, and structuring your organization for financial sustainability. We aim to help you manage your funds efficiently while meeting your long-term objectives.

Benefits of Working with Us:

Compliance and Risk Mitigation: We ensure your organization meets all tax and regulatory requirements, reducing the risk of penalties or the loss of your tax-exempt status.
Transparency for Donors: Audited financial statements and accurate IRS Form 990 filings enhance your organization’s credibility, which is crucial for securing ongoing donor support.
Expert Guidance: Our team provides customized advisory services, helping non-profits implement governance and financial management best practices.

Partner with GTA Accounting Group to ensure your non-profit organization stays compliant, financially secure, and focused on its mission. Contact us today to learn how our services can support your organization’s growth.

Startups: Comprehensive Accounting & Business Advisory

Startups face unique financial challenges, from managing cash flow to navigating tax obligations and preparing for fundraising rounds. At GTA Accounting Group, we provide tailored startup accounting and advisory services designed to help you grow while ensuring compliance with state and federal tax laws.

Key Services for Startups:

Business Advisory for Startups: Startups often need more than basic accounting—they require strategic guidance to scale. We offer business advisory services for startups, which include support with financial modelling, forecasting, and cash flow management to help you make informed decisions as you seek to attract investors and grow your company.
Tax Planning and Compliance: Our tax services ensure the startup complies with complex tax regulations while minimizing liabilities. We handle everything from state sales tax to federal tax returns, helping you identify tax credits and deductions that startups can benefit from, such as R&D tax credits.
Financial Forecasting and Reporting: Accurate financial forecasting is crucial for startups, especially when seeking venture capital. We help you prepare detailed financial reports and projections, allowing you to present a clear financial picture to investors and lenders.
Outsourced Accounting Services: For startups looking to optimize their operations, we offer outsourced accounting services that handle bookkeeping, payroll, and tax preparation. By leveraging cloud-based accounting systems, we ensure that your finances are up-to-date and accessible, enabling you to focus on growing your business.

Benefits of Working with Us:

Scalability: As your startup grows, we provide scalable financial solutions, allowing you to adjust your services without needing a full-time internal team.
Compliance: We ensure that you stay compliant with all tax laws, from local to federal, helping you avoid penalties while maximizing deductions.
Investor Readiness: Our services ensure that your financials are in order when it comes time to raise funds, with accurate reporting and forecasting to meet investor expectations.

Contact GTA Accounting Group today if you're ready to take your startup to the next level. We'd like to handle your financial needs so you can focus on building your business.

Real Estate: Specialized Accounting & Advisory Services

Real estate businesses face complex accounting and tax challenges due to the nature of property transactions, tax incentives, and investment regulations. At GTA Accounting Group, we offer real estate accounting and tax services designed to meet the specific needs of property owners, developers, and investors.

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Retail Business Accounting

Retail businesses face unique financial challenges, including managing inventory, complying with sales tax regulations, and optimizing profit margins. At GTA Accounting Group, we provide specialized retail business accounting services designed to help you address these challenges while keeping your business compliant and profitable.

Key Services for Retail Businesses:

Sales Tax Compliance: Retail businesses must navigate complex tax regulations, varying by location and product type. We assist with accurate and timely sales tax filings, ensuring you remain compliant with local, state, and federal tax laws, thus avoiding costly penalties.
Inventory Management: Effective inventory management is crucial for retail success. Our services include inventory tracking, cost of goods sold (COGS) analysis, and inventory valuation using methods like FIFO (First In, First Out) or LIFO (Last In, First Out). By keeping your inventory data up to date, we help you avoid overstocking and stock shortages, which improves cash flow and maximizes profitability.
Cash Flow and Financial Reporting: Managing cash flow in a retail environment can be challenging due to fluctuating sales and inventory costs. We provide real-time financial reports and cash flow projections, helping you make informed decisions and maintain a stable financial position throughout the year.
Outsourced Accounting Services: Many retail businesses benefit from outsourced accounting services, which allow them to reduce overhead by eliminating the need for an in-house accounting team. Our outsourced services are scalable to meet the needs of both small boutiques and large retail chains.

Benefits of Working with Us:

Expertise in Retail-Specific Challenges: We understand the complexities of retail accounting, from managing fluctuating inventories to staying compliant with ever-changing tax laws.
Cost Efficiency: Outsourcing your accounting needs can save you on the costs of hiring and managing an internal accounting team while allowing you to access specialized retail accounting knowledge.
Accurate Reporting: With detailed financial reports and up-to-date tax filings, you can confidently focus on growing your business.

Let GTA Accounting Group handle your retail accounting needs so you can focus on running your store. Contact us today for a consultation on how we can help optimize your retail operations.

Manufacturing Accounting & Financial Management

Manufacturing businesses face complex financial challenges that require specialized accounting services. At GTA Accounting Group, we provide manufacturing financial management services to help manufacturers manage inventory, control costs, and comply with tax regulations.

Key Services for Manufacturing Businesses:

Calculations of Cost of Goods Sold (COGS): In manufacturing, calculating COGS is crucial because it directly affects profitability. COGS includes expenses such as raw materials, labour, and overhead associated with production. We help manufacturers track and report COGS accurately, ensuring they understand the total cost of production and its impact on profit margins.
Inventory Management: Manufacturers face a significant challenge in managing different types of inventory—raw materials, work-in-progress (WIP), and finished goods. Our services include inventory tracking and valuation using methods like FIFO (First In, First Out) and LIFO (Last In, First Out), which are essential for calculating COGS and managing cash flow efficiently.
Overhead Allocation: Properly allocating overhead costs such as utilities, rent, and equipment maintenance is critical to determining production costs. We help manufacturers implement cost allocation systems, ensuring direct and indirect costs are distributed accurately across products.
Tax Compliance: Manufacturing companies must comply with various tax regulations, including federal, state, and local taxes. We assist with tax planning and compliance, ensuring you take advantage of tax credits such as R&D incentives while meeting all reporting requirements.

Benefits of Working with Us:

Accurate Financial Reporting: Our detailed financial reports give manufacturers insight into their cost structures, enabling them to make informed business decisions.
Cost Efficiency: By optimizing inventory and overhead cost allocations, we help manufacturers control expenses and improve profitability.
Compliance and Risk Mitigation: We ensure compliance with complex tax regulations, reducing the risk of penalties.

Contact GTA Accounting Group today for comprehensive manufacturing accounting services that optimize your operations and ensure financial success.

Professional Tax Services in New York

At GTA Accounting Group, we provide comprehensive professional tax services in New York, offering expertise in state and federal tax planning and compliance. Whether you are a business owner or an individual, we ensure that your tax obligations are handled efficiently, helping you avoid penalties and optimize tax savings.

Essential Tax Services We Offer:

Tax Planning and Preparation: Our CPA team provides year-round tax planning services to help you minimize your tax liabilities and maximize available deductions. We handle everything from annual tax filings to complex multi-state tax strategies for corporations and individuals.
IRS Audit Representation: Receiving a notice from the IRS can be daunting. We offer expert IRS representation, ensuring your rights are protected and all required documentation is submitted promptly. Our team has years of experience dealing with IRS audits, ensuring your case is handled precisely and carefully.
New York State Tax Compliance: Navigating New York State’s intricate tax laws requires specialized knowledge. We assist businesses and individuals in staying compliant with state tax regulations, including sales tax, corporate tax, and personal income tax.
Business Tax Services: Whether you run a small business or a large corporation, our tax services include business formation support, payroll tax management, and strategic tax planning to help you reduce tax burdens and increase profitability.

Benefits of Working with Us:

Tailored Tax Strategies: We develop customized tax strategies to suit your unique financial situation, ensuring you get the best possible outcomes during tax season.
Expert Representation: In the event of an IRS or state audit, our experienced CPAs provide full representation, reducing the stress and complexity of the process.
Ongoing Compliance: With changing tax laws, staying up-to-date is essential. Our services ensure you comply with state and federal tax obligations, avoiding fines and penalties.

Contact GTA Accounting Group today for expert tax advice and ensure your tax filings are handled by professionals who know New York’s tax landscape inside and out.

Federal Tax Services

At GTA Accounting Group, our federal tax services focus on helping businesses and individuals navigate the complexities of federal tax compliance. Our expertise spans multiple industries, ensuring that your unique tax needs are met with accuracy and diligence. We offer tax planning, preparation, and advisory services to reduce tax liabilities while keeping you compliant with IRS regulations.

Tax Planning and Preparation

Effective federal tax planning can significantly reduce the taxes your business owes. We analyze your financial situation to identify available deductions, credits, and deferral opportunities. For example, R&D tax credits are a valuable tool for manufacturing companies that invest in innovation, offering a dollar-for-dollar offset against tax liabilities for qualified research expenditures. Similarly, businesses involved in real estate can benefit from capital gains tax strategies, particularly when engaging in 1031 exchanges or reinvesting in property improvements.

Our team works year-round to ensure your taxes are filed accurately and on time. By maintaining clear documentation and tracking expenses related to tax credits or deductions, we help minimize the risk of IRS audits and ensure compliance with federal tax laws.

Industry-Specific Compliance Strategies

Non-profit organizations must maintain transparency and adhere to strict regulatory standards, particularly when managing donations and grants. Accurate financial reporting is essential to maintaining tax-exempt status and building trust with donors.

Tip: Implement a robust accounting system that tracks all incoming funds and how they are allocated. This system will ensure compliance and help you generate detailed reports for stakeholders. Our Accounting Services in New York are tailored to the needs of non-profits, ensuring that your organization meets all legal requirements.

Reducing Audit Risk

At GTA Accounting Group, we take every step to reduce your exposure to audits. Our thorough documentation ensures that accurate records and justifications back all tax filings. This approach helps avoid audits and protects you if the IRS requests additional information.

Contact GTA Accounting Group today if you're looking for trusted, expert guidance on federal tax compliance and strategies to reduce your tax liabilities. We offer customized solutions to meet your industry needs, helping you stay compliant while optimizing your tax savings.

Let us handle the complexities of federal tax regulations so you can focus on growing your business.

Frequently Asked Questions

Get in touch

Industries For Every Accounting, Tax & Advisory Services

Accounting & Advisory for Small Businesses

Critical Services We Offer for Small Businesses:

Benefits of Working with Us:

Partners

Need a CPA in New York? Choose GTA Accounting Group.

Jane D

Benjamin Anderson

Corporate Accounting & Advisory Services

Critical Services for Corporations:

Benefits of Working with Us:

Non-Profit Organizations: Accounting, Tax, & Advisory Services

Critical Services for Non-Profits:

Benefits of Working with Us:

Startups: Comprehensive Accounting & Business Advisory

Real Estate: Specialized Accounting & Advisory Services

Retail Business Accounting

Key Services for Retail Businesses:

Benefits of Working with Us:

Manufacturing Accounting & Financial Management

Key Services for Manufacturing Businesses:

Benefits of Working with Us:

Professional Tax Services in New York

Essential Tax Services We Offer:

Benefits of Working with Us:

Federal Tax Services

Frequently Asked Questions

Main pages

Tax Services

Accounting

Advisory

Our Offices

Industries For Every Accounting, Tax & Advisory Services

Accounting & Advisory for Small Businesses

Critical Services We Offer for Small Businesses:

Benefits of Working with Us:

Partners

Need a CPA in New York? Choose GTA Accounting Group.

Jane D

Benjamin Anderson

Corporate Accounting & Advisory Services

Critical Services for Corporations:

Benefits of Working with Us:

Non-Profit Organizations: Accounting, Tax, & Advisory Services

Critical Services for Non-Profits:

Benefits of Working with Us:

Startups: Comprehensive Accounting & Business Advisory

Real Estate: Specialized Accounting & Advisory Services

Key Services for Real Estate Clients:

Benefits of Working with Us:

Retail Business Accounting

Key Services for Retail Businesses:

Benefits of Working with Us:

Manufacturing Accounting & Financial Management

Key Services for Manufacturing Businesses:

Benefits of Working with Us:

Professional Tax Services in New York

Essential Tax Services We Offer:

Benefits of Working with Us:

Federal Tax Services

Frequently Asked Questions

What services does GTA Accounting Group offer for federal tax compliance?

How do federal tax credits, such as the R&D tax credit, benefit my business?

What steps can I take to reduce my risk of an IRS audit?

What is a 1031 exchange, and how can it benefit real estate investors?

How do I qualify for federal tax credits if I own a small business?

What are capital gains taxes, and how do they impact my investments?

Can start-ups benefit from federal tax credits?

How does federal tax planning differ for different industries?

What happens if I miss the federal tax filing deadline?

Why should I work with GTA Accounting Group for federal tax services?

Main pages

Tax Services

Accounting

Advisory

Our Offices