COMPANY LINKS
TAX SERVICES
CLIENT ACCOUNTING SERVICES
ADVISORY SERVICES
FEATURED INDUSTRIES
CONTACT INFORMATION:
Manhattan Location
225 W35th St, 5th FL New York, NY 10001
Phone:
(212) 736-0055
Stamford Location
350 Bedford St, Ste 303 Stamford, CT 06902
Phone: (203) 356-1061
Long Island Location
487 Jericho Turnpike, Syosset, NY 11791
Phone: (212) 736-0055
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225 W 35th St, 5th FL., NY 10001
Accounting for Professional Services
P&N's Comprehensive Services for Professionals
Presti & Naegele understands the unique financial challenges faced by professional service companies. Whether you’re a business analytic consultant, executive coach, consulting agency, or mergers and acquisition advisor, our team of experienced CPAs is here to provide tailored solutions to meet your needs.
Unlock the full potential of your professional journey. Schedule a consultation to discover tailored solutions for financial excellence and strategic growth.
TAX PLANNING AND COMPLIANCE
At P&N, we understand that navigating the intricate tax landscape can be overwhelming. Our team of experts remains vigilant, staying up to date with the latest regulations to ensure that your company maintains tax efficiency.
Our comprehensive suite of services includes accurate and timely filing of corporate tax returns, personalized assistance with individual tax planning for partners and key employees, addressing state-specific tax (SALT) nuances, and proactively identifying tax credits and incentives to benefit your company’s bottom line.
Rest assured that our commitment to excellence and attention to detail will empower your business to thrive in a tax-efficient environment.
P&N’s ACCOUNTING AND ADVISORY SERVICES
P&N’s accounting and advisory services go beyond mere numbers. We collaborate with you to elevate your company’s financial well-being. Our experts create realistic financial projections through budgeting and forecasting, enabling informed decision-making and strategic planning.
P&N’s bookkeeping services empowers informed decisions, ensures compliance and contributes to the overall success of the business. Keeping precise records is the bedrock of accounting. Tracking your revenue, expenses and cash flow provides insights into your financial health.
Additionally, we ensure liquidity and stability by optimizing cash flow management, effectively managing inflows and outflows. When it comes to strategic transactions like mergers and acquisitions, our seasoned advisors guide you, evaluating risks and opportunities.
Lastly, we recognize the importance of succession planning, and we assist in preparing for seamless leadership transitions. Count on us to be your trusted advisors, navigating the complexities of business finance.
Services We Offer:
COMMON RECOMMENDATIONS FOR PROFESSIONAL SERVICES
ENTITY STRUCTURE
Choosing the right entity structure is crucial for tax efficiency. Consider factors such as the number of owners, flexibility in adding or removing partners, and long-term exit plans.
For single-owner firms, S Corporations or single-member LLCs are often preferred.
Partnerships work well for firms with multiple owners, offering legal protections and flexibility in income allocation.
C Corps is the most complex structure. C Corps can issue different classes of stock, making them attractive for raising capital through equity financing.
STATE NEXUS
As tax laws evolve, understanding state nexus (the connection between a business and a state) becomes vital. Many professional service firms operate across multiple tax jurisdictions due to remote work arrangements. Staying informed about state-specific regulations ensures compliance and minimizes tax liabilities.
PASS- THROUGH ENTITY TAX (PTET)
The Tax Cuts and Jobs Act (TCJA) introduced PTET, which allows certain pass-through entities to deduct up to 20% of qualified business income.
TAX CREDITS AND DEDUCTIONS
Explore available tax credits and deductions. Research opportunities related to research and development (R&D), energy-efficient investments, and employee training. Maximizing these benefits can significantly impact your firm’s bottom line.
RETIREMENT PLANNING
Plan for retirement early. Consider tax-advantaged retirement accounts like 401(k)s or SEP-IRAs. These not only provide financial security for partners but also offer tax benefits.
Ready to Elevate Your Professional Journey?
Schedule a consultation today and embark on a path to financial prosperity and professional excellence.
For inquiries or expert guidance, contact Presti & Naegele Accounting Offices. Your success awaits!
Professional Services - Website Form
CLIENT REVIEWS
WHAT OUR CLIENTS ARE SAYING
I have had my business for more than 10 years and struggled through several *truly awful* accountants in the early years. I found Presti & Naegele about five years ago and have never looked back. They are a life-changing breath of fresh air and they will be my accountants for as long as I live. Donald Sager brings me confidence, peace and calm in an area of the business that would otherwise be stressful. He knows what he's doing and is always extremely responsive and ready with a plan of action and to explain anything at all. I am so grateful for him!
Eager to collaborate with Presti & Naegele?
We welcome the opportunity to understand your financial needs and tailor solutions for success. Join our distinguished clientele who have experienced the excellence of our services. Let's embark on a journey toward financial prosperity together.
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New York (NYC) Location
225 W 35th St, 5th FL New York, NY 10001
Phone: (212) 736-0055
Stamford, CT Location
350 Bedford St, Ste 303 Stamford, CT 06902
Phone: (203) 356-1061
Long Island, NY Location
487 Jericho Trnpk, Syosset, NY 11791
Phone: (212) 736-0055