PVT Tax Accounting

• Over 40 years of experience in the accounting and tax industry.
• Serves individuals, small businesses, corporations, estates, trusts, fiduciaries and exempt organizations.
• Able to address tax matters for all years and all U.S. states.
• Focus on clear explanations so clients understand their situation and options.

Service philosophy

• Personalized services tailored to each client's unique needs.
• Welcomes both very small and larger accounts; no account is "too big or too small."
• Emphasis on professional, friendly service and taking time to answer questions.

Confidentiality and ethics

• Upholds strict client confidentiality in line with the accounting profession's Code of Ethics.
• Information about a client's affairs is not released to unauthorized persons.

Who PVT Tax Accounting serves

• Individual taxpayers with simple or complex returns.
• Small and growing businesses, including corporations, partnerships and LLCs.
• Estates and trusts.
• Nonprofit and other exempt organizations.

If a situation is not listed here but relates to taxes, bookkeeping, payroll or general accounting, clients are encouraged to contact the office to discuss whether PVT Tax Accounting can assist.

• Monthly
• Quarterly
• Semi-annually
• Annually

Work can be performed on-site, in-house at the firm, or through the internet, depending on what is appropriate.

Typical bookkeeping tasks

Bookkeeping services can include:

• Preparation and maintenance of books and records for your business.
• Preparation of customer invoices.
• Preparation of checks and vendor payment processing.
• Preparation of bank deposits.
• Bank reconciliations.
• Credit card reconciliations.
• Record-keeping for trusts and estates.
• Preparation of financial statements.

The goal is to organize your financial records so you can clearly see how your money is being spent and how your business is performing.

Clients can contact the firm to discuss the volume of transactions, desired reporting frequency and any existing accounting systems in place.

Services for new and emerging businesses

PVT Tax Accounting provides advisory and setup support for new and emerging businesses.

The firm helps business owners think through key decisions at the start of a business, such as:

• Choosing the appropriate business entity type.
• Determining which forms need to be filed.
• Selecting the tax year.
• Deciding whether to use the cash or accrual basis of accounting.
• Identifying required licenses and registrations.
• Planning bookkeeping arrangements and who will maintain the records.
• Deciding whether and how to computerize the accounting system, and which software may be suitable.
• Understanding the difference between employees and independent contractors.
• Determining who will handle payroll and how often employees should be paid.
• Evaluating whether the business can afford employee benefits.
• Deciding whether to purchase or lease equipment.
• Determining which taxes the business is subject to and how often they must be filed.
• Considering what kinds of insurance may be appropriate for the business from an accounting and tax perspective.

Ongoing support

PVT Tax Accounting has decades of experience supporting small businesses and new ventures and can provide continuing accounting, tax, payroll and bookkeeping services as the business grows.

Business owners can contact the firm to discuss their specific situation and determine which services are appropriate.

Payroll services overview

PVT Tax Accounting provides payroll services either in-house at the firm or on-site at the client's business location.

Payroll setup and processing

Services can include:

• Payroll setup for a new or existing business.
• Reviewing employee data for accuracy.
• Establishing a schedule for payroll processing dates.
• Checking calculations from gross pay to net pay.
• Providing a payroll preview so the client can review results before final processing.

Payroll disbursements and reporting

• Check printing on-site or at the client's location.
• Check signing and stuffing (preparing checks for distribution).
• Preparation of payroll reports.
• Reconciliations of payroll accounts.
• General ledger (GL) export to QuickBooks.
• GL export to other major accounting software via Excel.

Payroll tax filings and forms

PVT Tax Accounting can prepare and file a variety of payroll-related tax forms, including:

• W-2
• W-3
• 1099
• 1096
• IRS Form 941
• New York State forms such as NYS-45 and NYS-1

The firm can also handle related payroll tax filings and reporting requirements.

New hire and compliance support

• Preparation of new hire reports as required.
• Assistance with payroll-related compliance questions.

Clients should contact the firm to discuss their specific payroll volume, existing systems and timelines so that services can be tailored to their needs.

Discussing fees

• At the initial conference, the firm discusses the nature of the work to be done and the general fee arrangement.
• Clients are encouraged to ask questions about fees at any time and to raise any concerns about the scope of work.

Confidentiality and ethical standards

• All matters handled by the firm are treated with strict confidentiality.
• The firm follows the Code of Ethics of the accounting profession.
• No information about a client's affairs is released to unauthorized persons.

Scope of services

PVT Tax Accounting focuses on tax, accounting, bookkeeping, payroll and related advisory services. For services outside these areas, or for matters that require legal representation, the firm may refer clients to other professionals or ask the client to obtain separate professional advice.

These details are used for both personal and business tax and accounting inquiries.

How to get in touch

• Phone: Call for questions, to discuss your situation, or to request an appointment.
• Email: Send documents or written questions to the main office email above.
• Contact form: The website contact form collects your name, email, phone, address, subject and a message; submissions are sent to the office for follow-up.

Office hours

Office hours are not listed on the website. Clients should call or email to confirm current opening hours and to schedule an appointment.

Location notes

The office is located on 5th Avenue in Brooklyn, New York. Clients may contact the office by phone or email for directions, parking information and accessibility details if needed.

• Handles tax issues for any year and any U.S. state.
• Works with individuals, small businesses, larger corporations, estates, trusts, fiduciaries and exempt organizations.
• Helps clients understand tax letters, government notices and changing tax rules.

Individual tax services

Services for individual taxpayers include:

• Preparation of individual income tax returns.
• Preparation of fiduciary income tax returns related to individuals where applicable.
• Preparation of trust tax returns.
• Preparation of estate tax returns.

The firm can assist when life circumstances change (for example, marriage, a newborn, license issues and other events that affect tax filings). Staff are available year-round to help with past and current-year returns and filing requirements.

Business-related tax services

Business tax services include:

• Preparation of C corporation and S corporation tax returns.
• Preparation of partnership tax returns.
• Preparation of Limited Liability Company (LLC) tax filings.
• Preparation of sales tax returns.
• Preparation of transfer tax returns.
• Preparation of payroll tax returns.
• Representation for payroll tax audits.
• Preparation of exempt organization (nonprofit) tax returns.
• Preparation of unrelated business income tax returns.

Staff monitor changes in tax law affecting small businesses and help business owners comply with filing requirements while they focus on running and growing their business.

Exempt organization tax services

Services for exempt and nonprofit organizations include guidance on:

• What may qualify an organization for tax-exempt status.
• The impact of unrelated business income and related filing requirements.
• Forms that must be filed to be recognized as an exempt organization.
• Choosing an appropriate tax year.
• How to report contributions or designated funds.
• Whether designated funds can be used for operating expenses.
• Whether and how to computerize the accounting system and select suitable software.
• Distinctions between employees and independent contractors.
• Payroll arrangements and frequency of employee pay.
• What taxes the organization is subject to and how often filings are due.
• Appropriate insurance considerations from a tax and reporting perspective.

Estate and fiduciary tax services

PVT Tax Accounting assists with:

• Estate tax filings required on a decedent's right to transfer property at death.
• Accounting for property and other assets that must be reported at the time of death.
• Fiduciary income tax returns for trusts and estates, including tax on income generated by these entities.

The firm helps clients navigate these filing requirements and related record-keeping responsibilities.

Fees and client communication

• Fees are not fixed and are based on the time and expertise required to complete the work.
• At the initial conference, the firm discusses the nature of the work and the fee arrangement with the client.
• Clients are encouraged to discuss fees at any time during the engagement.

All matters handled are treated with strict confidentiality, and information is not released to unauthorized persons.

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