Newman, Newman, & Kaufman LLP

Accountant in Melville, NY (show on map)

Premier provider of auditing and accounting services for over 275 cooperatives, condominiums, and condop entities in the New York City Metropolitan area.

Call (516) 531-2194

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About

Newman, Newman & Kaufman, LLP has earned a reputation for professional excellence in its high quality audit and accounting practice. NNK has achieved special recognition within the Cooperative and Condominium industry where it is known as the premier provider of auditing and accounting services in the New York City Metropolitan area.

NNK provides auditing and accounting services for more than 275 cooperatives, condominiums and condop entities including existing, newly constructed and rehabilitated/converted cooperatives and condominiums. NNK pledges total commitment to provide responsive, personalized, quality service beyond comparison. Our top priority is to provide superior client service with independence, objectivity and integrity. NNK’s success is demonstrated by our high client retention rate which has earned us the recognition as a leader in the Cooperative and Condominium industry.

Specialized expertise in cooperative and condominium accounting

Ongoing audit process throughout the year

High client retention rate

Peer Review Program participation with highest rating

Services

Auditing & Accounting for Cooperatives & Condominiums

All of our services are provided by experienced professionals with specialized knowledge in the cooperative and condominium industry. Our audit process is unique as it is ongoing throughout the year and provides the ability to address financial concerns on a timely basis. Continuous evaluation of the corporate transactions made by your managing agent, including an evaluation of the adequacy of their internal controls, is an integral part of our audit services.

Ongoing audit process throughout the year Evaluation of internal controls Financial statement preparation Budgets and forecasts Reserve fund advisory services Mitchell Lama feasibility studies Tax audit representation

Audit, Agreed-Upon Procedures, Review & Compilation

Offers four levels of assurance services tailored to client needs: Audit (highest assurance), Agreed-Upon Procedures, Review (limited assurance), and Compilation (lowest assurance).

Audit with comprehensive examination Agreed-Upon Procedures for specific subject matter Review with analytical procedures Compilation for internal use

Accounting Services

Provides general ledger management, financial statement preparation, bookkeeping, cash flow analysis, payroll services, and sales tax compliance.

General ledger management Financial statement preparation Monthly/Quarterly/Annual bookkeeping Reconstruction of accounting records Financial forecasts and projections Cash flow and budgeting analysis Computerized payroll services Sales tax services

Tax Planning & Preparation

Offers expert tax planning, preparation, and representation services to minimize tax liabilities and ensure compliance with federal, state, and local tax regulations.

Income tax strategy development Shareholder tax deduction letters Maximization of tax deductions for cooperatives Basis guidance for shareholders and unit owners Annual and quarterly tax filing compliance Representation in tax examinations

Credentials & Certifications

Peer Review Program participation

Frequently Asked Questions

What is the firm's approach to audit and accounting services for cooperatives and condominiums? +

NNK provides ongoing audits throughout the year, evaluates internal controls, prepares financial statements, and offers advisory services for reserve funds and tax deductions.

How does NNK ensure high client retention in the cooperative and condominium industry? +

NNK achieves high client retention through responsive, personalized, and integrity-driven service, with a focus on building long-term relationships and providing value-added services.

What tax services does Newman, Newman & Kaufman, LLP offer? +

The firm offers income tax strategy development, shareholder tax deduction letters, basis guidance, annual and quarterly tax filing compliance, and representation in tax examinations.