ServicesBusiness - Auditing & Accounting
A major portion of our practice is devoted to providing services for closely held businesses including accounting, auditing, finacial preparation, bookkeeping, business formations, business projections and business valuations. Consequently, all staff members spend considerable time servicing their clients. They have acquired the special knowledge, skills, and experience needed to service effectively and efficiently.
New York State requires all professionals to receive at least forty hours of continuing professional education (CPE) per year. The Firm exceeds these minimum requirements.
Firm members actively participate in the New York State Society of Certified Public Accountants (NYSSCPA) and the American Institute of Certified Public Accountants (AICPA).
The Firm maintains memberships in the AICPA and the NYSSCPA. As a member of the AICPA's Division of Firms, the Firm undergoes mandatory peer review of the accounting and auditing practice every three years. This triennial review is conducted in accordance to standards issued by the AICPA. The Firm always meet the objectives of quality control standards issued by the AICPA and, accordingly, issued an unmodified report for each peer review the Firm has undergone.
Business - Consulting
Over the years, we have been engaged to provide various management consulting services for our clients. Our consulting services included reviews of the payroll function, purchasing and disbursement function, cash management systems, fixed asset accounting systems, internal control procedures, self-insured medical programs, and data processing systems. We have also provided assistance in the hiring and training of employees (ex. comptroller, purchasing agent, etc.). We have also performed efficiency studies of accounting departments and developed accounting policies and procedures manuals.
Our firm maintains associations with attorneys, bankers, insurance agents, and other professionals who are also helpful in providing a variety of services to closely held businesses. We have interacted on behalf of our clients with federal and state government agencies on a variety of tax matters.
We keep our clients updated on accounting, auditing and financial matters through mailings of our quarterly newsletter and firm publications. We hold several informative workshops during the year for our clients.
Tax Preparation
Coughlin Foundotos Cullen & Danowski, LLP has vast experience in preparation of all types of tax returns including:
Individuals, C-Corporations, S-Corporations, Partnerships Limited Liability Companies, Limited Liability Partnerships, Estates, Fiduciarys, Not-for-profit Professional Corporations,; and Personal Holding Corporations
Our firm is always current on the new tax laws and proposed legislation, which enables us to effectively tax plan to reduce current and future tax liabilities. We are also experienced in representing client when under audit with the Internal Revenue Service or a state or local government.
Planning
With our extensive training and continuing education, we are able to provide you with all types of planning including (individual tax, corporate tax, estate tax, financial and retirement) to benefit you in the future.
Remember, when you are overburdened by the daily challenges of running a business, call on Coughlin Foundotos Cullen & Danowski, LLP to provide all your accounting needs!