Precision Accounting & Consulting LLC

Your success is our success.

Accounting firm in Melville, NY (show on map)

Precision Accounting & Consulting helps businesses achieve financial goals by reducing costs, sustaining profitability, and increasing cash flow.

Call (631) 349-1661

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About

Precision Accounting & Consulting provides full bookkeeping and financial accounting for all organizations and individual entrepreneurs, outsourcing internal financial needs with dedicated accounting resources. Founded in late 2020 during the pandemic, the firm specializes in tax savings, wellness programs, and podcast content, emphasizing strategic tax planning, tax preparation, bookkeeping, and construction-specific accounting services.

93% Success Rate in Tax Savings

Access to Latest Tax Grants

Tailored Strategies for Profit Maximization

Services

Accounting

Outsource Your Accounting to Precision Accounting and Consulting.

Tax Planning

Strategic Tax Planning for Business Owners.

Tax Preparation

Your Trusted Partners for Tax Preparation.

Bookkeeping

Streamline Your Business Bookkeeping With Us.

Construction Specialists

Specialized accounting services for the construction industry, including job costing and GL restructuring.

Tariff Refund Application

Professional filing services for tariff refunds, including eligibility review, documentation preparation, and filing guidance.

Credentials & Certifications

Certified Public Accountants (CPAs)

Frequently Asked Questions

Taxation: How can I minimize my tax liability legally? +

At PAC we offer extensive tax planning focusing on business incorporation type (C-Corp, S-Corp, Partnership), pre-tax benefits, and other strategies to reduce tax liabilities and increase savings.

Financial Statements: Can you help me understand my financial statements? +

PAC conducts deep dives into profit and loss statements, trend analysis, job costing for construction clients, and provides monthly financial health reports.

Cash Flow Management: How can I improve my cash flow? +

Suggestions include invoicing promptly, offering early payment discounts, managing inventory efficiently, controlling expenses, improving the cash conversion cycle, and automating billing.

Compliance and Regulations: What compliance issues do I need to be aware of? +

Key compliance areas include tax compliance (federal, state, local), employment laws, data protection and privacy laws, necessary licenses and permits, and payroll and employee tax compliance.

Payroll and Employee Taxes: How do I handle payroll taxes and compliance? +

Steps include determining employee classification, collecting W-4 forms, establishing payroll schedules, filing quarterly and annual tax forms, and ensuring timely deposits.