Faulisi & Company CPAs LLP

Accounting firm in Manhasset, NY (show on map)

5.0

★★★★★

1 reviews

Full-service CPA firm offering accounting, bookkeeping, tax, CFO, and specialized legal/non-profit services.

Call (516) 951-1137

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About

Faulisi & Company CPAs LLP is a full-service CPA firm founded by managing partners with extensive experience in Big 4 accounting firms. The firm offers specialized services for attorneys, non-profits, and general business clients, including accounting for attorneys, non-profit accounting, internal control consulting, taxation services, accounting & bookkeeping, CFO services, and value-added accounting training.

The firm prides itself on a small-firm feel with big-firm expertise, serving locations across Long Island and Queens, New York.

Big Firm Experience with Small Firm Feel

Specialized services for attorneys and non-profits

Customized internal control solutions for real estate public companies

Proactive accounting approach

Local presence in Long Island and Queens

Services

Accounting for Attorneys

Streamlines law firm accounting, focusing on billable hours and profitability with trust accounting compliance and tax planning.

Efficient bookkeeping and accounting systems Profitability analysis and cash flow management Trust accounting compliance (IOLTA rules) Tax planning and preparation Law firm budgeting and forecasting Financial reporting and partner compensation calculations

Non-Profit Accounting

Handles complex filings, financial statement reviews, audits, and grant accounting for non-profits.

Form 990 and CHAR 500 preparation Audits, reviews, and compilations Accrual or cash accounting Grant accounting and compliance Financial statement preparation and review Non-profit budgeting and forecasting Tax preparation and filing (Form 990, state returns)

Internal Control Consulting

Delivers customized internal control solutions for real estate public companies, focusing on risk mitigation and performance optimization.

Internal control framework design and implementation Risk assessments Control gap analysis Testing of internal controls SOX 404 compliance assistance Training and ongoing support

Taxation Services

Offers specialized tax compliance, planning, and reporting services for businesses and law firms.

Tax compliance and reporting Tax planning and strategy Financial planning Payroll processing Specialized solutions for tax complexities

Accounting & Bookkeeping

Provides comprehensive accounting and bookkeeping services for small businesses and startups.

Monthly reconciliations Cash or accrual entries Financial reporting 24/7 support QuickBooks setup and support Payroll processing Dedicated support

CFO Services

Provides expert financial insights, cash flow management, and strategic growth planning for businesses.

Expert insights into cash flow Financial structure analysis Interpretation of accounting data Strategic growth planning Investment strategy guidance

Credentials & Certifications

CPA

Since 1990s (implied from 12-year EY experience)

Attorney (ESQ)

Since Graduate of Hofstra University

Reviews

Rating

★★★★★

Reviews

"Very thorough and professional."

Frequently Asked Questions

What is the difference between cash and accrual accounting? +

Cash accounting records transactions when cash is received or paid, while accrual accounting records transactions when they are incurred, regardless of cash flow.

How does your firm handle Form 990 for non-profits? +

Our team prepares Form 990, conducts financial statement reviews, and ensures compliance with IRS regulations, freeing non-profits to focus on their mission.

What makes your law firm accounting services unique? +

Our services bridge the attorney-accountant gap, focusing on billable hours, trust accounting compliance, and profitability analysis tailored for law firms.

Can you assist with SOX 404 compliance? +

Yes, we offer internal control framework design, risk assessments, control gap analysis, testing of internal controls, and SOX 404 compliance assistance.

What industries do you serve? +

We serve a wide range of industries including legal, non-profit, real estate, and general small to medium-sized businesses across Long Island and Queens, New York.

How do you ensure client confidentiality? +

We adhere to strict professional standards and legal requirements to protect client financial information, employing secure systems and trained personnel.