Stylianou Accounting

Location and service area

• Office address: 23-53 31st Street, Astoria, NY 11105
• Neighborhood: Astoria, Queens
• Directions: Just north of the Astoria Blvd station on the N and Q subway lines.
• Many clients began working with the firm in Astoria and continue as clients after relocating elsewhere in the United States or abroad.

Approach and values

• Friendly, highly professional service; clients are treated like family.
• Creative and diligent problem-solving for tax and accounting issues.
• Long-term client relationships, including multiple generations and growing businesses.

Typical clients

• Individuals needing personal tax preparation or help with IRS or state tax issues.
• Small and growing businesses needing bookkeeping, payroll and other accounting support.
• New businesses that need help setting up their accounting and payroll systems.

Key services (high level)

• Individual and business IRS and state tax services.
• Tax problem resolution, including back taxes and other IRS issues.
• Business bookkeeping and small-business accounting.
• Payroll services and payroll tax filings.
• New business formation support and accounting software training.

Each month or quarter, the firm can:

• Reconcile your business bank account.
• Generate an income statement (profit and loss statement).
• Generate a balance sheet.
• Clean up and maintain your general ledger.
• Provide consultations about your numbers and accounting questions.

These services are designed to give business owners a solid accounting foundation so they can focus on running and growing their business.

Bank reconciliation

As part of bank reconciliation, Stylianou Accounting can:

• Keep business bank and other accounts balanced and up to date.
• Identify lost checks, lost deposits or unauthorized transactions.
• Detect and help prevent excess or incorrect bank charges.
• Help detect and prevent internal misuse or embezzlement of funds.
• Help manage cash more effectively and report on the financial status of the business.

Financial statements

Stylianou Accounting prepares key financial statements for small businesses:

Income statement (profit and loss)

An income statement shows revenues and expenses over a period of time and can help:

• Track operating performance of the business.
• Identify areas that are over- or under-budget.
• Spot unexpected or rising expenses.
• Determine tax liabilities.

Balance sheet

A balance sheet provides a snapshot of the business's financial condition at a point in time and can help:

• Assess the financial strength and capabilities of the business.
• Analyze trends in receivables, payables and cash.
• Determine whether the business is in a position to expand.
• Evaluate whether cash reserves need to be strengthened.

General ledger maintenance

The general ledger is the core of a company's financial records. Stylianou Accounting reviews and maintains the general ledger to:

• Identify and correct discrepancies such as double billings or unrecorded payments.
• Keep the books accurate and in good order so owners, lenders and other stakeholders can rely on the financial information.

Stylianou Accounting offers payroll solutions designed to relieve small business owners of the time and complexity involved in paying employees and handling payroll taxes.

Why outsource payroll

Outsourcing payroll to Stylianou Accounting can help:

• Use your staff time more efficiently by having professionals handle payroll processing.
• Reduce overhead compared with hiring specialized in-house payroll staff.
• Avoid the burden of maintaining your own payroll system and keeping up with payroll law changes.
• Reduce the risk of errors in payroll tax calculations and filings.

Types of payroll services

Stylianou Accounting can provide different levels of payroll service, depending on your needs:

Comprehensive payroll services

• Preparation and printing of payroll checks on schedule.
• Free direct deposit for employees where applicable.
• IRS and state payroll tax reporting and electronic tax deposits.
• Monthly, quarterly and annual payroll tax reports, including W-2, W-3 and 1099 forms.
• Tracking of employee vacation, sick and personal day accruals.
• Creation and filing of required new-hire reports.
• Ongoing maintenance of payroll records.

After-the-fact payroll services

• Posting your manually prepared payroll records into the firm's system.
• Preparing monthly, quarterly and annual payroll tax reports.
• Tracking employee leave accruals.
• Maintaining accurate payroll records.

Online payroll processing

• Secure online entry of employee hours and earnings.
• Option to print payroll checks on your own printer.
• Access to standard payroll tax reports and employee leave reports.

Custom payroll reports

Stylianou Accounting can also assist with special-purpose payroll-related reports, such as:

• Workers' compensation audits.
• Unemployment claims.
• Social Security audits.
• Child support audits.
• W-2 and W-3 processing.
• 1099 and 1096 processing.
• Preparation or assistance with required federal and state registration forms.

Office address

• 23-53 31st Street
• Astoria, NY 11105
• Located in Astoria, Queens, just north of the Astoria Blvd station on the N and Q subway lines.

Service area and ways to work with the firm

• Clients are welcomed at the Astoria office by appointment.
• The firm also works with clients who live elsewhere in the United States or abroad, using phone and other remote communication.

Business hours are not listed on the website; clients should contact the office directly to confirm current hours and availability.

Lists Mobile, Astoria, and Queens as a location. Names New York, United States, and Astoria as a service area. Areas beyond these are not published.

• Individual taxpayers.
• Small and closely held businesses.

Services include:

• Preparing and filing IRS and state income tax returns for individuals and businesses.
• Helping organize financial information so returns can be filed accurately.

IRS and state tax problem help

Stylianou Accounting works with clients who are facing tax problems, including:

• Back taxes owed to the IRS or state.
• Other issues or correspondence with the IRS.

The firm helps clients understand their situation, organize their records, and work toward resolving tax issues with the relevant tax authorities.

How clients can work with the firm

• Clients are served from the office in Astoria, NY, and also remotely for those who have moved to other parts of the United States or abroad.
• Many long-term clients continue using Stylianou Accounting for their tax preparation and tax problem resolution needs even after relocating.

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