NYC based accounting firm serving individuals and small businesses in New York
Tax Preparation New York: ABOUT OUR CPA Services IN NEW YORK
Get tax preparation services from the best accountant in New York!
Tax season in New York City. For many individuals and small business owners, those words trigger a familiar sense of dread. The piles of paperwork, the ever-changing tax code, the fear of making a costly mistake—it’s a stressful, time-consuming process. You’re busy running your business, advancing your career, and living your life. Should you also have to be a part-time tax expert.
Absolutely not. That’s where we come in.
Welcome to the tax services practice of Gary Mehta, CPA, EA. We are a premier New York CPA firm specializing in comprehensive tax preparation and strategic tax planning for the unique needs of New Yorkers. With over 15 years of experience, we’ve helped hundreds of clients, from self-employed freelancers in Brooklyn to established small businesses in Midtown Manhattan, navigate the complexities of the tax system with confidence and clarity.
Let us demystify the tax preparation process. Planning in advance for tax season is essential to ensure a smooth and stress-free experience. We’ll explore the who, what, why, when, and how of tax services in New York, and show you why partnering with a dedicated tax accountant is one of the smartest investments you can make for your financial future.
Get expert help on your taxes. Let our experienced tax professionals handle the complexities.
New Yorker's top Choice for tax professional: gary mehta,cpa
Why NYC Chooses Our Accounting Firm Over DIY Software and Free Tax Prep Services
In a city with countless options, it’s crucial to understand the value of professional tax preparation. While some may be tempted by DIY software or free tax prep services, these options can carry hidden risks, especially for anyone with a financial situation that isn't perfectly simple.
Understanding Your Options: NYC Free Tax Prep vs. a Professional CPA
New York City offers valuable resources like the NYC Free Tax Prep program, an initiative by the NYC Department of Consumer and Worker Protection (DCWP). Individuals or families earning $93,000 or less, including those with dependents, may qualify for free tax preparation services. These services are a fantastic lifeline for working families and individuals with straightforward tax situations, helping them access important credits like the Earned Income Tax Credit. They provide essential tax assistance and help many New Yorkers get their hard-earned money back.
However, as your financial life grows more complex, the need for professional expertise becomes critical. A professional CPA or tax accountant provides a level of service and strategic insight that free tax preparation services are not designed to offer.
You should partner with a firm like ours if you:
- Are a small business owner (S-Corp, partnership, LLC).
- Are self-employed or a freelancer with multiple 1099s.
- Own rental properties.
- Have significant investment income (stocks, crypto, etc.).
- Have a high income.
- Need to file multi-state tax returns.
- Are dealing with back taxes or have received a notice from the IRS.
In these scenarios, the cost of professional tax preparation is an investment that often pays for itself through tax savings and the avoidance of costly errors.
The True Cost of a "Simple" Tax Mistake
The U.S. tax code is thousands of pages long. A small misunderstanding can lead to a misfiled tax return, which could trigger an IRS audit, penalties, and interest charges that far exceed the cost of professional preparation. An accurate tax return prepared by a competent tax professional is your best defense. Our team ensures your return is error-free and filed on time, every time.
Maximizing Your Refund and Minimizing Your Liability
Experienced tax preparers do more than just report your income. We actively hunt for every deduction and tax credit you are legally entitled to. From the home office deduction for the self-employed to the dependent care credit for working families, we ensure no opportunity is missed. Our deep knowledge of the tax code translates directly into more money in your pocket.
Time is Money: Focus on What You Do Best
If you run a successful small business or have a demanding career, your time is your most valuable resource. The hours you could spend trying to decipher tax laws and organize tax documents are hours you could be dedicating to growing your revenue or advancing your career. We take the burden of tax filing off your shoulders, freeing you to focus on what matters most..
Choose Gary Mehta, CPA, EA for your Tax Needs! #NYAccountant #NYCPA #CertifiedPublicAccountant
Expert tax preparation Services by nyc's best cpa firm
Quick Summary of Tax services in New York
When you work with a New York City CPA, you get a comprehensive approach to tax preparation and planning. Our Wilmington CPAs understand that you may not be a tax expert, so we take the time to understand your individual needs and goals. We don't just fill out tax forms; we look for ways to make your money work for you while protecting your personal assets.
Here are some of the tax services we offer:
- Tax preparation: We can help you file your personal or business taxes accurately and on time.
- Tax planning and advisory: We can help you develop a tax strategy that minimizes your tax liability and maximizes your tax savings.
- Tax resolution: If you have a tax issue with the IRS, we can help you resolve it quickly and efficiently.
- Tax representation: If you are facing an audit or other tax-related legal issue, we can represent you in court.
We also offer a variety of specialized tax services, such as:
- Expatriate tax returns: We can help you file your taxes if you live outside of the United States.
- Non-resident tax returns: We can help you file your taxes if you are not a U.S. resident.
- International tax returns: We can help you file your taxes if you have income or assets in multiple countries.
- IRS Innocent Spouse relief: We can help you qualify for Innocent Spouse relief if you are liable for taxes that your spouse incurred.
We are committed to providing our clients with the highest quality tax services. We are also dedicated to providing our clients with the peace of mind that comes from knowing that their taxes are in good hands.
If you are looking for a New York CPA Firm who can help you with your taxes, please contact us today. We would be happy to discuss your specific needs and goals and develop a tax strategy that is right for you.
Trusted CPAs in New York navigate complex tax laws to maximize your refund.
Our Comprehensive Tax Services: Beyond the Annual Return
More on Tax Preparation Services provided by Gary Mehta, CPA, EA: NYC Accounting Firm.
We offer a full spectrum of tax preparation and advisory services tailored to the diverse needs of New Yorkers. We leverage technology while maintaining a personal touch. For clients who prefer digital convenience, we also provide secure online tax preparation options. Our goal is to be your year-round financial partner.
Individual Tax Preparation Services
For individuals and families, we handle all types of tax situations with precision and care. We'll help you gather your tax documents and answer questions to ensure a complete and accurate filing. Our services cover:
- Standard W-2 wage earners.
- Freelancers, consultants, and gig economy workers (1099s).
- High-net-worth individuals with complex investment portfolios.
- Taxpayers with rental property income and expenses.
- Multi-state and non-resident tax returns.
Small Business Tax Preparation Services
We are passionate about helping New York's small businesses succeed. We understand that your business taxes are intricately linked to your personal finances. Our tax preparation services are designed for all business structures:
- S-Corporations (Form 1120-S): We help ensure you meet all requirements for S-Corp status and properly account for distributions and shareholder basis.
- Partnerships (Form 1065): We navigate the complexities of partnership agreements and the allocation of income and losses to each partner.
- C-Corporations (Form 1120): We provide strategic planning to manage corporate tax rates and dividends.
- Sole Proprietorships (Schedule C): We help self-employed individuals maximize their deductions and accurately report their business income.
Specialized Tax Services for Unique Situations
Our expertise extends to more complex and less common tax filings:
- Estate and Trust Tax Returns (Form 1041): We work with fiduciaries to ensure compliance and proper reporting for estates and trusts.
- Non-Profit Tax Preparation (Form 990): We help non-profit organizations maintain their tax-exempt status with accurate and timely filings.
- Expatriate Tax Services: For U.S. citizens living and working abroad, we navigate the complex rules of foreign income exclusion and tax credits.
- Back Tax Return Preparation: If you've fallen behind on your tax filing obligations, we can help you get caught up and negotiate with the IRS on your behalf.
IRS Tax Resolution and Representation
Receiving a letter from the IRS can be intimidating. As an Enrolled Agent, Gary Mehta is federally licensed to represent taxpayers before the IRS. If you're facing an audit, have a tax lien, or need to negotiate a payment plan, we can represent you and help you resolve the issue efficiently. This level of tax assistance provides invaluable peace of mind.
Tax Planning: The Key to Year-Round Financial Health
The best way to save money on your taxes is to plan ahead. Tax preparation is about looking backward at what already happened. Tax planning is about looking forward to shape a better financial future.
Our role as your tax consultant extends far beyond tax season. We offer year-round tax planning services to help you:
- Structure business transactions for maximum tax efficiency.
- Make strategic retirement contributions (e.g., SEP IRA, Solo 401(k) for the self-employed).
- Plan for major life events like marriage, buying a home, or having a child, all of which have significant tax implications.
- Manage estimated tax payments to avoid underpayment penalties.
This proactive approach is what truly distinguishes a top-tier tax accountant from a simple tax preparer.
Gary Mehta CPA, EA Tax Preparation Services! Sign in a New York City
Our Seamless and Secure Tax Preparation Process
Expert Tax Preparation Service: Our 5-Step Process
We’ve refined our process to be as convenient and transparent as possible. We leverage technology while maintaining a personal touch
Step 1: Initial Consultation & Quote
It all begins with a conversation. You can schedule a free consultation where we'll discuss your specific tax situation, answer your initial questions, and provide a clear, upfront quote for our services. There are no hidden fees. Get Your Quote Today!
Step 2: Secure Document Upload
Forget messy piles of paper. We utilize a secure, encrypted digital system for you to upload all your necessary tax documents—W-2s, 1099s, mortgage interest statements, etc. Through our online portal, you can easily submit all required tax documents for processing. This secure digital system is far safer than email and more convenient than a traditional drop-off service. For those who prefer it, in-person appointments are also available.
Step 3: Expert Preparation by a Tax Accountant
Once we have your documents, our team of competent tax professionals gets to work. We meticulously review your information, prepare your federal, state, and local tax returns, and double-check everything for accuracy. We dig deep to ensure we've applied every relevant tax credit and deduction.
Step 4: Review Your Completed Return
We will send you a draft of your completed return for your review. We are happy to walk you through it via phone or a secure video conference, explaining the results and answering any questions you may have. We want you to feel confident and informed before we file.
Note: Please carefully review the draft return to ensure all information is accurate before final submission.
Step 5: E-File and Confirmation
Once you approve and sign the return (often using a secure e-signature and a self-select PIN), we will electronically file it with the IRS and all necessary state and local authorities. You'll receive confirmation once your return has been accepted, and we'll advise you on how to receive your refund or make any payments due.
Gary Mehta CPA, EA's expert tax preparation process in action. #TaxPrep #CPA #NY
Top Reasons why we are the best accounting firm in ny
Here are some great reasons why to hire New York's top accountant.
Here are a few reasons why you should hire a New York CPA or tax accountant to prepare your tax returns:
- We are experienced in completing tax returns for wealthy and successful businesses. We know what deductions you may be eligible for, and we can help you find the best ones. We also make sure that your return is error-free.
- We are local accountants who understand New York City small businesses. We understand the tax laws that apply to New York businesses, and we can help you stay compliant. We also know what kind of deductions NYC small businesses are eligible for.
- We are competent tax professionals who have spent years learning the tax code. We keep up with ongoing professional education to ensure that we are up-to-date on the latest tax laws.
- Time is money. If you have a successful small business, you shouldn't be spending your time trying to learn tax laws. You should be focused on running your business. We can take the stress of tax preparation off your shoulders so you can focus on what you do best.
If you are looking for a reliable and experienced New York CPA or tax accountant, we encourage you to contact us. We would be happy to help you with your tax preparation needs."
Why Us? Our experienced CPAs provide tailored accounting solutions to empower your business.
Tax Preparation in New York
Tax Preparation in Manhattan
Tax Preparation Services in Bronx
Tax Preparation in Manhattan
We provide expert tax services for the diverse and dynamic businesses and residents of Manhattan. From the Financial District to East Harlem, we service clients in Alphabet City, Chelsea, Tribeca, Midtown Manhattan, Hudson Yards, the Upper East Side, and everywhere in between, understanding the unique tax situations of its high-income professionals and thriving businesses.
Tax Services in Brooklyn
Tax Preparation Services in Bronx
Tax Preparation in Manhattan
We are the trusted tax preparer for Brooklyn's creative and entrepreneurial community. We work with clients across the borough, from the freelancers in Williamsburg and Bushwick to the small business owners in Downtown Brooklyn, Park Slope, and Bay Ridge. Let Grow Brooklyn be your partner in financial success.
Tax Preparation Services in Bronx
Tax Preparation Services in Bronx
Tax Preparation Services in Bronx
Our expert tax filing services extend throughout the Bronx. We assist individuals and businesses in areas including Pelham Gardens, Morris Park, Riverdale, and more, ensuring they receive knowledgeable and reliable tax assistance.
Tax Filing Services in Queens
Serving the Greater NYC Metro Area
Tax Preparation Services in Bronx
Queens is a vibrant hub of diverse, family-owned businesses and working families. We provide outstanding small business and individual tax preparation services in neighborhoods like Astoria, Long Island City (LIC), Flushing, Sunnyside, and Richmond Hill, helping New Yorkers keep more of their hard-earned money.
Tax Services across Staten Island
Serving the Greater NYC Metro Area
Serving the Greater NYC Metro Area
We provide comprehensive tax planning and preparation services across Staten Island, from New Dorp North and Clifton to Prince's Bay and Tottenville.
Serving the Greater NYC Metro Area
Serving the Greater NYC Metro Area
Serving the Greater NYC Metro Area
Our license and capabilities extend beyond the five boroughs. We also provide expert tax consulting and preparation services to clients in Yonkers, Westchester County, Long Island, and parts of New Jersey and Connecticut.