Payless Taxes LLC is a virtual bookkeeping and tax practice headquartered in Long Island, New York, serving clients nationally, especially in the construction industry. The firm provides integrated financial systems, monthly bookkeeping, tax preparation, and proactive tax planning to reduce liabilities and improve cash flow.
Services include QuickBooks Online/Enterprise support, project management software integration, and customized tax strategies for S-Corps, partnerships, and 1099 contractors. The team, led by Paramita Bhattacharya, aims to minimize tax burdens legally while enabling business growth and financial freedom.
Nationwide virtual service
Specialization in construction industry tax strategies
Integration with QuickBooks and project management tools
Proactive tax planning and cash flow acceleration
Services
Tax Advisory
Uses over 200 tax strategies to find legal loopholes applicable to the client's situation, providing step-by-step guides, video education, and personalized Q&A sessions to maximize tax savings.
Over 200 tax strategiesStep-by-step guidesVideo educationPersonalized Q&A sessions
Tax Preparation
Handles monthly bookkeeping, ensures accurate records, and prepares tax returns to meet IRS deadlines and regulations, reducing client stress and ensuring compliance.
Monthly bookkeepingAccurate record managementIRS deadline complianceStress reduction for clients
Bookkeeping Service
Provides monthly construction bookkeeping with job costing, WIP tracking, bank reconciliations, and financial statements tailored to surety expectations, improving cash flow visibility and underwriter trust.
Monthly bookkeepingJob costing and WIP trackingBank and credit card reconciliationsSurety-expectation financial statements
Cashflow Accelerator
Offers proactive tax planning and financial strategies to build future wealth, reduce tax liability, and provide ongoing support for goal setting and accountability.
Proactive tax planningFuture wealth buildingOngoing support and accountability
Credentials & Certifications
Masters in Accounting
Since Graduated from Hofstra University
MBA in Finance
Since Graduated from Hofstra University
Reviews
Rating
5
★★★★★
Reviews
2
"I am very pleased with their professionalism and knowledge with my industry."
Frequently Asked Questions
What tax strategies does Payless Taxes use? +
Payless Taxes employs over 200 legal tax strategies to maximize deductions and minimize tax liability for clients.
How does the bookkeeping service handle construction projects? +
The bookkeeping service includes job costing, WIP tracking, and bank reconciliations tailored to surety expectations, improving cash flow visibility.
What software does Payless Taxes use for bookkeeping? +
Payless Taxes uses QuickBooks Online and QuickBooks Desktop Enterprise, integrated with project management applications like Job Tred, Knowify, and Buildertrend.
What types of entities does Payless Taxes serve? +
Payless Taxes serves S-Corps, partnerships, LLCs, and 1099 contractors, providing bookkeeping, job costing, and tax planning services.