The Best Business Accountants in Brooklyn

When it comes to business accountants, Gerstein’s Tax Services should be your first choice. With over 40 years of experience in business accounting, you can trust our team to guide you through the frustrating world of business finances. Our team provides expert services for starting a business, creating business entities, selling your business and preparing your small business taxes.

As a business owner, you have important financial decisions to make. You also have hundreds of other decisions to worry about. Let Gerstein help make things easier. Our business accountants will learn about your unique circumstances and provide services specially tailored to your business. You can always count on Gerstein to help you achieve your business goals and make the best decisions for your business finances. Contact us today to get started or read on to learn more about our services!

Availability

Email or call us anytime.
In-person appointments are available:
Monday-Friday
9AM – 6PM

Location

375 1st Street
Brooklyn, New York 11215

Small Business Tax Preparation

As a business owner, understanding and managing your taxes is essential. You need to make sure you’re compliant with the necessary regulations and tax laws to avoid fines and penalties. At the same time, you don’t want to have to pay more taxes than necessary.

At Gerstein, we understand that filing business taxes can be complex and intimidating. That’s why we provide expert advice to ensure your business taxes are properly prepared and taken care of. We’ll identify tax savings, help with payroll taxes and ensure the tax process can be as hands-off as possible for you.

With our small business tax preparation services, we’ll reduce your tax burden as much as possible and ensure your taxes are filed accurately and on time. We also stay up to date with the most recent tax laws and changes, so you don’t have to. Just provide us with the necessary financial information, and we’ll take care of the rest.

Single Member LLC Taxes

If you run a Single Member LLC, things can get pretty complicated around tax season. That’s where Gerstein’s Tax Service can help. The IRS treats Sole Member LLCs as ‘disregarded entities’ when it comes to taxes, meaning you report your business profits and losses on your personal tax returns.

With the help of Gerstein’s Tax Service, you can capitalize on all of the potential deductions and credits your business qualifies for, including rent, utilities, equipment, and more. We also assist with your self-employment taxes, which Single Member LLCs must pay on their next business income. The tax landscape can sometimes be tough on small businesses, but Gerstein’s will ensure you pay the least amount possible.

Sole Proprietorship Taxes

Being a sole proprietor comes with its own set of challenges when tax season rolls around. Gerstein’s Tax Service will help you take these challenges head-on and make tax prep as simple as possible. Sole proprietors pay income tax on business profits through their personal income tax return, which is known as “pass-through” taxation. The tricky part is determining which of your business expenses are deductible.

Our team will help you identify all allowable deductions and maximize the deductions you claim, which can significantly lower your taxable income. Self-employment taxes, which cover Social Security and Medicare, also have to be considered when you have a  sole proprietorship. We’ll help you navigate these confusing waters as well. Don’t let tax season catch you by surprise this year, and trust Gerstein’s Tax Service to guide you through it.

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? Need a return filed? We can walk you through the tax implications of any corporate model while preparing and filing all necessary tax returns.

Starting a company can be daunting, but Gerstein is here to help make the process simpler. We offer various services to help make sure your business is launched without any frustrating issues. We specialize in entity advice and formation. We can help you choose and create a sole proprietorship, partnership, LLC or corporation. We’ll walk through the entity structures based on your business and explain which option we think is best for you.

From there, we can advise you on what you need to start your business and avoid any complications. We can also provide you with advice on financing options and sources of capital, helping you make the best decision for your business and reduce your tax burden. Our team also has the knowledge to guide you through the rules and regulations that come with starting a business, such as tax laws and compliance with local, state and federal regulations.

With Gerstein at your side, you can confidently launch your business and make sure you get off to a great start.   

Incorporation

Incorporating your business is essential in certain cases, but it can be complicated to do on your own. Gerstein can provide guidance and assistance with filing the necessary paperwork to make your corporation official. We will make sure your business is set up properly from the start, so you can focus on building your business instead of the details of incorporation.

We’ll help you choose the best corporation structure based on your situation and advise you on registration, documents, contracts, leases and more. With Gerstein, you can trust that you’re getting the best advice possible on how to keep your business assets protected. We’ll help you get up and running in no time so you can get back to business!

Selling a Business

Selling a business can easily be the most important financial transaction of your life. There is an array of choices to consider when you sell your business. Should you sell for cash, stock or a combination of both? Should you accept payments in installments over time? Should you sell the entire business or retain an ownership/profit interest? Should you sell to your children? The list goes on. 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.

Our team is focused on protecting your interests throughout the sale of your business. We can provide counsel on all aspects of the deal and the negotiation process. Our team has experience handling every type of sale, including asset sales, stock sales, mergers, acquisitions and more. You can trust you’re getting expert counsel when you work with Gerstein.

Our team will give you an outlook on the short and long-term consequences of any decisions. We’ll review the tax implications with you and ensure everything lines up with your best interests. With our help, you can reap the rewards of your hard work without any of the stress.

Get Started With Gerstein’s Today!

If you’re ready to get the best business accounting services possible, Gerstein is ready to help.

At Gerstein’s Tax Services, we understand that no two businesses are alike. That’s why we customize and tailor our business accounting and tax services to meet the needs of your business. We’ll help counsel you on the best decisions for your business while also minimizing your tax burden at every opportunity.

Whether you’re just getting started or you need assistance with your current business situation, Gerstein is here to offer you our expert advice. Contact us today to learn more and set up your free business consultation with a member of our team. We look forward to working with you.