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We are a virtual accounting and tax preparation firm based out of Long Island, New York

We Help Commercial Contractors With Tax Planning To Reduce Their Tax Burden

Accountant

Want To Know About Us

PAYLESS TAXES

TYPICAL TAX PREPARERS AND ACCOUNTANTS HELP YOU RECORD YOUR FINANCIAL PAST.

Small business owners overpay the IRS by millions of dollars each year and many of them don't even know it. Often times, they have a CPA or accountant but unfortunately because their team is compliance focused & too busy during tax season, they miss out on thousands of dollars in savings.

At Payless Taxes we are tax reduction strategists first.  We take a proactive approach to your tax situation with the goal of mitigating your tax liability, while keeping you compliant at the same time.

We can tell you within 45 minutes if you've been giving up more money than you need  & overpaying the IRS, even if you have a CPA. We can help you save thousands  of dollars on your next tax bill!

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Our Services

What We Do

TYPICAL TAX PREPARERS AND ACCOUNTANTS HELP YOU RECORD YOUR FINANCIAL PAST.

TAX ADVISORY

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No one likes paying taxes, especially those that are above the bare legal minimum required. However many business owners don’t understand all the legal options that are available to them to reduce their tax burden (the largest expense most business owners pay!). Our team uses over 200 tax strategies to find all the above board, legal loopholes that are applicable to your situation and provide you with details instructions, step by step guides, video education, and personalized phone calls and Q&A sessions to help you take advantage of everything you are allowed to take. Savings so far? We can work with your current advisor to help you implement these powerful strategies into your tax world! You do not have to switch if you love your current tax preparer!

TAX PREPARATION 

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Taxes. Just the word can make people cringe. The Payless Taxes team of professionals are focused on reducing your headaches around filing taxes, helping you look for possible strategies to reduce the taxes, and ensuring that you meet all the required IRS deadlines, regulations, and ever changing updating tax law changes. Our team makes sure that filing those pesky returns is as easy as possible (it is the “IRS” after all) and provides you peace of mind that your taxes are “just taken care of.” Like a full-service concierge, our team anticipates your needs. By the time you think you need to file an extension, we’ve probably already filed it for you. We make sure everything you need to substantiate deductions is available in case of an audit.

ACCOUNTING SERVICE

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Accounting for commercial contractors needs to be done in percentage of completion method to get approved for Surety Bonding and Reviewed Financials by your CPA. Your financials gives you a picture as to where you stand financially. How each job performance impacts your overall company. How the backlog you have determines the amount of cash you operate with. Whether or nor you have enough cash/working capital to cover overhead. Whether or not you have the capacity to bond the next big job. There would be no more guess work, your books will give you a picture where you stand financially and on each jobs. Your data will always be accurate, up to-date, and our team will help audit-proof you, just in case, by asking lots of questions to make sure we have all the i’s dotted and t’s crossed.

Co-working space

Tax Planning

  • Coaching and PROACTIVE strategies to build your future

  • Confidence knowing you are paying the least amount of tax possible

  • A customized strategy created just for you

  • Personalized solutions for your own situation that reduce tax

  • Ongoing Support

  • A team of advisers to give direction and accountability through goal setting

Accounting Service

  • Actionable insights for strategic decision-making

  • Scalable, efficient cloud-based services that are designed to meet you where you need help

  • Our controller services provide oversight to ensure that the right policies and procedures are implemented

  • Ongoing Support

  • A team of advisers to give direction and accountability through goal setting

RETURNS WE PREPARE

FORM 1120S

S-Corporation Return

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FORM 1065

Partnership Return

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FORM 1040

Personal Tax Return

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Every Package Includes

BOOKKEEPING

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Every return is managed by our CPA staff and tax team. Any questions, get advise and hear recommendations

FIND DEDUCTIONS

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Before your return is started, our financial accountant team reviews your financial statements for misses expenses

TAX STRATEGIES

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As a business owner, you have several tax strategies available to you. We make sure you take advantage of every one.

EXPERT REVIEWED

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Our return is reviewed by CPA's with an average 15 years expericne.No deductions or opportunity missed.

E-FILE & DIRECT DEPOSIT

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We e-file all returns for you and make sure your refund is direct deposited to your bank

FAST TURNAROUND

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Your return can be prepared in 72 hours depending on complexity and time the return is purchased

INCLUDES K-1'S

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Tax service includes every form needed. You will receive K-1's, state tax return and any other form IRS requires

TAX RETURN STORAGE

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Once we finish your return, we will store it electronically on our secure servers for upto 5 years

PREMIUM SUPPORT

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Our support agencies are available to you 5 days a week from 9 am -5 pm

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