Business Ownership & More
Starting a company
Need help choosing between starting an LLC vs an S corp.? Already decided on an entity structure but would like a second opinion or need a return filed? We can walk you through the tax implications of any corporate model while preparing and filing all necessary tax returns.
As an independent contractor, you are required to file an annual return and will probably need to pay estimated taxes quarterly. In addition to income tax, self-employed individuals must pay the self-employment tax, which consists of Social Security and Medicare taxes. We can help you navigate these more-complex tax waters, advising you every step of the way, which may include analyzing allowable expenses, maximizing retirement contributions, minimizing Unincorporated Business Tax (UBT), and a host of other services that can save you after-tax money. Whether you’re doing some independent-contractor work on the side or chasing your dreams full-time, we will work to get you the best tax result possible.
Do you drive for a rideshare app, like Uber or Lyft? We can help you navigate the complex tax landscape and minimize your tax bill. From analyzing your vehicle expenses to tracking your miles, we will work with you to get you every deduction and save every tax dollar you’re entitled to. Call us today to learn more!
Selling a business
Selling a business can easily be the most important financial transaction of your life. There’s an array of alternatives to consider: Sell for cash, stock, or a combination of both? Accept payments in installments over time? Sell the entire business or retain an ownership/profit interest? Sell to your children? Etc. The answers to all of these questions have tax consequences—and (like legacy planning) emotional consequences as well. We can help you figure out the course of action that best suits your needs.
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375 1st Street
Brooklyn, NY 11215
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