Fiotax

Founded in 2011, the office combines professional expertise with a client-oriented approach. The team uses up-to-date tools and technologies to provide relevant financial information and clear perspectives.

Philosophy and values

• Client-focused service: Fiotax aims to deliver attentive, responsive service, with the goal of providing customer service that is "legendary."
• Quality and commitment: The firm emphasizes quality work, ethical standards, and long-term client relationships.
• Year-round availability: Fiotax provides services throughout the year, not just during tax season.
• Clear communication: The team works to explain financial and tax matters in an understandable way so clients feel informed and comfortable with their situation.

Types of clients served

Fiotax works with a wide range of clients, including:

• Private individuals
• Sole proprietors
• Partnerships
• Corporate entities across various sectors

Clients have provided positive feedback about the office's professionalism, responsiveness, and the clarity of explanations provided during consultations.

The firm serves:

• Private individuals
• Sole proprietors
• Partnerships
• Corporations across different industries

Main service areas

1. Tax consultation

Fiotax provides up-to-date tax consultation and advice. Services in this area include:

• Preparing and filing personal and business tax returns
• Advising on tax-saving opportunities in line with current tax laws
• Assisting with questions about amended returns and refund status

(For the latest refund status, clients can use the "Where's My Refund?" links provided on the Fiotax website for federal and New York State returns.)

2. Accounting services

The firm offers ongoing accounting support that goes beyond basic bookkeeping. This includes financial accounting, payroll-related work, and assistance in recording and evaluating business transactions.

More detail on accounting services is provided in the separate "Accounting services details" knowledge document.

3. Business consultation

Fiotax supports business clients at various stages, including:

• Starting a new business
• Managing ongoing financial processes
• Planning for business succession

Business consulting focuses on providing practical financial insight to support day-to-day operations and longer-term planning.

Service approach

Fiotax aims to provide comprehensive and individualized support so that each client receives services tailored to their specific tax and financial needs.

Office address

Fiotax 86-44 121st Street Richmond Hill, NY 11418

The office is located at 121st Street and Jamaica Avenue, directly in front of the J and Z train station.

Business hours

• Monday: 10:00 am – 8:00 pm
• Tuesday: 10:00 am – 8:00 pm
• Wednesday: 10:00 am – 8:00 pm
• Thursday: 10:00 am – 8:00 pm
• Friday: Closed
• Saturday: Closed
• Sunday: Closed

Business hours may change around holidays; if you are unsure, please call the office to confirm current hours.

Accounting services offered

Fiotax offers the following accounting-related services:

• Bookkeeping

Ongoing recording of financial transactions so that books remain accurate and current.

• Preparation of financial statements

Preparing financial reports such as balance sheets and income statements.

• Bank reconciliation

Comparing internal records to bank statements and resolving any differences.

• Company consolidation

Assisting with consolidating accounts for related entities, where applicable.

• Set-up and maintenance of internal corporate accounting systems

Helping to establish and maintain internal accounting structures and processes.

• Cost accounting

Tracking and analyzing costs to support pricing and operational decisions.

• Ongoing financial and payroll accounting (IT-supported)

Providing ongoing accounting support, including payroll-related accounting using appropriate software tools.

• Preparation of sales tax, payroll tax, and social security filings

Preparing required filings related to sales tax, payroll tax, and social security contributions.

• Cash basis accounting

Supporting clients who use cash basis accounting where appropriate.

• Accounting valuations

Preparing accounting-related valuations as needed for financial reporting or management purposes.

If you have a specific accounting need that is not listed here, the office can advise whether it is within their scope or refer you appropriately.

Example position: Accountant Associate

A typical Accountant Associate role at Fiotax includes responsibilities such as:

• Preparing income tax returns
• Preparing monthly, quarterly, and annual statements of accounts
• Maintaining general ledger, accounts payable, and accounts receivable
• Performing bank reconciliations
• Handling financial accounting tasks

Candidate profile

Preferred qualifications for an accounting role may include:

• Bachelor of Science in Accounting
• Practical accounting experience
• Experience with balance sheet accounting and cost analysis
• Ability to work independently and as part of a team
• Strong computer skills

What Fiotax offers

• In-depth orientation in the assigned area of responsibility
• A positive working environment
• Performance-oriented compensation
• QuickBooks training
• Emphasis on good customer service

How to apply

Candidates are invited to send their resume and salary expectations to: Fiotaxinc@gmail.com

For current openings or questions about careers at Fiotax, candidates should contact the office directly or use the email address above.

Nicholas Petrakis oversees the office and brings more than 20 years of accounting experience.

Education

• Master of Science: Risk Management and Accounting
• Bachelor of Arts: Accounting and Economics

Certifications and specializations

• Business Management and QuickBooks (certifications)
• QuickBooks ProAdvisor (certified)
• Specialization in:
• Tax consulting
• Financial accounting
• Risk management

Licenses

Nicholas Petrakis holds the following licenses:

• Certified Public Accountant (CPA)
• IRS Registered Tax Preparer (PTIN)
• Certified Acceptance Agent (CAA)
• Notary Public (commissioned)

Clients who need more detail on qualifications or licensing can contact the office directly.

Ask anyway — the agent will say plainly that it is not published rather than guess.