Our Services

Our Accounting & Tax Services

Need some help dealing with the every-day chores of running a business? Or are your individual income tax returns too much to handle? Allow us to organize your financials, business or personal. From income tax preparation to business management, we’re here to help you see beyond the numbers with world class services!

We offer a broad spectrum of tax and accounting services. Our specialty is business and financial advice including accounting, income tax preparation and all special financial matters impacting the entertainment and media industry. We also specialize in part-time CFO services, click here for more information.

Our clientele range from private individuals to partnerships and corporate entities across all sectors on a worldwide basis. Call us for an evaluation of your tax, accounting, and general business needs.

Whether you are an individual or a large corporation, at Jay Shapiro CPA we can help ease the stress of organizing your financials by providing you with a comprehensive, hassle free IRS experience as well as personal finance advice or business management. Compare the difference between what you’re presently doing and what we can do for you.

  Individual Accounting & Tax Services

    • Individual Income Tax return preparation
    • Estate and Fiduciary Tax return preparation
    • Individual Personal Net worth Accounting
    • Resolution of tax controversies and audits
    • Resolution of tax disputes and tax notices
    • Preparation of Amended and carry back returns
    • Personal finance organization

  Business Accounting & Tax Services

    • Payroll accounting and preparation of payroll returns
    • Business management
    • Forensic investigations/Forensic Accounting
    • Economic damages
    • Fraud investigation
    • Account tracings
    • Expert witness testimony
    • Shareholder & Partnership disputes
    • Theft & embezzlement detection
    • Corporate Income Tax return preparation
    • Partnership Income Tax return preparation
    • Non-for-Profit Tax return preparation
    • Estate and Fiduciary Tax return preparation
    • Preparation of Amended and carry back returns
    • Monthly, Quarterly & Year End bookkeeping
    • Preparation of Compiled Financial Statements
    • Business Start-Up Consulting
    • New Business Formation & Incorporation
    • Tax Resolution
    • Bank Account Reconciliation
    • Due diligence for capital raise, sell-side merger, and pre-audit preparation

  Small Business Accounting Services

We offer the full range of other accounting services to help keep your business running smoothly. Our complete bookkeeping services include everything from bank reconciliations through financial statements. We realize that most small businesses can not afford a full-time accountant but still need the expertise at times. We are there when you need us!

  Monthly Operating Statements

Every month we look at your financial picture so we can alert you to those areas that need your attention.

  Bank Reconciliations

We can reconcile your bank balance every month and advise you of any bank charges, bank errors, or arithmetic mistakes on your part so you know exactly how much cash is available for spending.

  Balance Sheet

Shows cash balances, accounts receivable, taxes owed, etc. This is particularly useful to your banker when he is trying to make a decision about a loan.

  Budgets

We can help you draw up a plan of action for the year. Throughout the year we can track the progress you’re making toward your goals.

  Sales Tax Consulting & Preparation

Many of our clients are responsible for collecting and submitting sales taxes in many different vicinities. We can assist your company in the compilation of information and preparation of sales tax returns in an efficient and timely manner. We can also assist you in the proper interpretation of the very complex sales and use tax regulations.

  Tax Planning & Preparation

The best time to save money on your taxes is four to sixteen months before they are due, and this requires expert planning. We provide one-on-one pro-active tax counsel to meet your unique personal and business needs. The typical client benefits the most from expert tax advice in: Year-end strategic planning to help minimize your tax liability; Effective and timely structuring of your personal and business transactions; Executive compensation planning; Money-saving self-employment and payroll strategies; Successful retirement and estate planning.

  Business Formation

Including start-up, expansion, and sale of a business. Many important decisions and financial commitments are involved in starting a new business or selling an old one. The tax effects can be dramatic without careful consideration and thoughtful planning.

  IRS Audit Representation

As a valued client we will be available to you in dealing with the IRS and other taxing authorities. We will represent you and assist you in preparing for audits and appeals conferences. We also provide expert counseling on technical tax issues, penalty assessments, and negotiations to resolve payment of tax deficiencies.

  Financial Planning

We work with our clients in the areas of investment strategies, tax planning, risk management, and asset preservation to maximize growth but limit tax consequences. We review their retirement, business, education and other needs to be certain their goals are attainable. As personal financial planning advisors, we help business owners make the right financial planning decisions by analyzing their overall financial and tax situations, helping them devise estate plans and plans for business succession.

  Not-For-Profit Organizations

We do filing for exempt status, meeting Federal reporting guidelines, developing and implementing fund accounting systems, and creation and use of budgets.

  Business Planning

Establishing short-term and long-term goals and effective methods of achieving them is essential to successful business management. Our Firm can assist you in developing a comprehensive business plan that will help you identify and achieve your goals.

  Consulting Services

Our most important goal is to assist you and your company in increasing after-tax profitability. The close working relationship we share with our clients gives us a better understanding of their overall financial goals. We offer a broad array of valuable consulting services including: cash management, risk management (insurance), financing, business valuation, compensation and benefit plans, computer-based accounting systems, succession planning for family-owned businesses, mergers and acquisitions, health care, compliance with government regulations, litigation support, software evaluation and setups.

  Internal Controls Review

Our Firm will help you protect your assets by analyzing and improving your existing internal control systems. We are available to identify areas of vulnerability and recommend long-term solutions. As an Entertainment and Media CPA, we specialize in the managing the growing assets of those in the industry. We help them balance their finances and provide expert advisory services.

  Litigation Support

We provide expert, objective analysis and assistance to clients involved in commercial and civil litigation. Litigation support involves the quantification of economic damages pursuant to existing or pending litigation using accounting and auditing techniques. We have experienced competent staff who can compile information efficiently to assist in the calculation and documentation of any potential economic loss or damages.

  Expert Witness Services

Pending or existing litigation can result in the need for a qualified professional to present his/her opinion to support or oppose evidence submitted to the court. Our level of competence allows us the opportunity to function as expert witnesses in such cases. Our specialty includes Entertainment expert witness and Media expert witness.

  Business Valuations

When your company is involved in a merger, business start-up, acquisition or liquidation, it?s important that your accounting firm provide expert advice in properly structuring the transition. We have extensive experience in handling business transactions that can affect your company’s profitability. In addition, we act as independent consultants, offering you objective assistance to establish methods of business valuation and to perform due diligence.