Services in New York, NY

Our business creation and licensing service helps new owners in New York City, Long Island and New Jersey form their company the right way and get approved to operate. We explain the differences between a sole proprietorship, LLC, corporation and small corporation (S corporation), including how each one is taxed, and help you choose the structure that fits your goals. We then assist with the formation filings, obtaining your employer identification number (EIN), and setting up the basic records your business needs from day one. Once the company exists, we identify the business licenses and registrations your industry and location require, prepare the applications with you and keep track of what has been submitted, so nothing is missed. Your formation and license documents stay organized in your secure client portal, which makes renewals and future requests easy. Because we also provide bookkeeping, payroll and business tax filing, your new company starts with organized books and a clear plan for its first tax year. Getting the foundation right avoids costly corrections later and lets you focus on serving your first customers.

Our bookkeeping service records and categorizes every transaction, reconciles your bank and credit card accounts, and keeps your ledgers accurate month after month. Clients across New York City, Long Island and New Jersey rely on us to have their monthly books done on schedule, which means no shoebox of receipts in March and no guessing about cash flow in the middle of the year. We can also clean up past months or years that were never recorded properly, then keep everything current going forward. Beyond daily records, we prepare monthly or quarterly financial statements and review your profit and loss with you, so you always know which parts of the business are profitable and where costs are rising. Because our bookkeeping connects directly to our payroll and tax services, the numbers flow straight into your financial statements and tax returns. You get clear monthly reports and fast answers when you need them, and you avoid the compliance problems that come from incomplete records.

Our payroll service handles the details of paying your team correctly. We calculate wages and withholdings, process payroll on your chosen schedule and prepare the quarterly and annual payroll tax filings, including W-2 and 1099 forms. Small businesses and corporations across New York City, Long Island and New Jersey use our payroll service so they never miss a deadline or underpay payroll taxes. Payroll records connect directly with your bookkeeping, so your financial statements always reflect your true labor costs. When you add a new employee or have a question about a paycheck, we respond quickly and help you get it right. We also help you set up direct deposit, handle payments to independent contractors and keep track of the filing calendar, so every quarterly and year-end deadline is met without last-minute stress. If your business has received a payroll tax notice or fallen behind on filings, we help you understand what happened, catch up and put a reliable process in place so the same problem does not return.

Tax planning with Trofer Tax & Accounting is a year-round process. We review your income, expenses, business structure, rental properties and investments, then estimate what you are likely to owe and identify legal ways to reduce it. For business owners, that can include timing of purchases, retirement contributions, owner compensation and estimated tax payments. For individuals with rental houses or investment accounts, it can mean planning sales and deductions carefully. Planning also covers the tax side of big decisions before you make them: buying a rental property, selling investments, changing your business structure, hiring your first employee or moving between New York and New Jersey. Clients across New York City, Long Island and New Jersey use tax planning to avoid underpayment penalties and large surprise balances in April. Because our team also keeps your books and prepares your returns, our planning is based on your real numbers and carries straight into your filing.

IRS assistance from Trofer Tax & Accounting helps individuals and businesses deal with notices, balances due and compliance issues. We read the letter with you, compare it to your filed returns and records, and explain what is being asked in plain language. Then we help you prepare the response, gather supporting documents, file any missing or corrected returns and, when a balance is owed, explore available payment options. Clients across New York City, Long Island and New Jersey also come to us to get back into compliance after missed filings. Our broader goal is prevention: by keeping your books current and filing on time, we help you avoid the non-compliance letters in the first place. Notices arrive for many reasons: a form that was left off a return, a mismatch between what you reported and what an employer or bank reported, a missed payment or an unfiled year. Each type of letter has its own deadline and its own correct way to respond, and answering quickly usually keeps a small issue from becoming an expensive one. Whatever the notice says, you do not have to decode it alone.

Business tax filing at Trofer Tax & Accounting covers returns for sole proprietors, partnerships, LLCs, small corporations and corporations, as well as individual returns for owners and families, including situations involving rental houses, investment accounts and self-employment income. We prepare federal, New York and New Jersey returns, along with related schedules and filings, using the accurate books we maintain throughout the year. Because we handle the bookkeeping, payroll and accounting that feed into your return, there is no last-minute scramble to rebuild a year of records. We file on time, explain the results and point out planning opportunities for the next year. During tax season we also work Saturdays and Sundays, so clients with busy schedules can still file on time. If your company has missed filings in the past, we help you catch up and restore compliance so you do not have to worry about notices or penalties.