LTO Tax Service
Brooklyn, NY, Kings
Brooklyn, NY, Kings
LTO Tax Service offers a full range of service in taxation, accounting and consulting needs for individuals and small businesses throughout the New York City area.
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What kind of accounting services do you provide?
Accounting services include but are not limited to:
General ledger and financial statement preparation
Bookkeeping (Monthly, quarterly, or annual)
Accounting system setup and support
Payroll processing
Cash flow budgeting and forecasting
Personal financial statements
Corporate tax planning and return preparation
Tax service includes preparation of tax returns for:
Individuals
Corporations
S Corporations
Limited Liability Company / Limited Liability Partnership
Payroll tax
Sales tax
Commercial Rent Tax
Why is it so important for businesses to hire a great accountant?
Every business, no matters how big or small, needs a great accountant to every stages of the business, from start-ups to periods of growth. Having a great accountant will be beneficial in advising on which type of entity structure would be best suited for your business model. It is important to set up the books and records correctly using Quickbook with the proper chart of accounts in place. This will save time and money in the long run of proper recording of income and expenses, and less time correcting transactions at year end. Having a great accountant can provide services of managing the financial transactions to ensure compliance with the law, overseeing payroll and help in cost savings. The right accountant will ensure the business is able to properly plan for changes in expenses, budget, and growth.
What do you love most about your job?
I love accounting and tax services because being organize and knowing my cash flow position enable me to make the right financial decisions. As a business owner myself, I have to same questions: Is this project profitable, do I need additions capital fund, is there cost that needed to be evaluate, how is my cash flow currently and in next couple months or year? I maintain my own financial reporting and I can help you maintain yours too.
What inspired you to start your own business?
I have worked in other CPA firms for over 15 years. As an employee, I had to follows their rules, procedures, and the required mandatory long hours. Having my own business is the long-term solution of how I can earn income, while having reasonable hours, choices of the assignments I want, and develop client relationships.
