Prime Accounting Service

Fast and Accurate Financial Services

Bookkeeping service in Jamaica, NY (show on map)

3.8

★★★★☆

4 reviews

Full-service accounting firm licensed in NY, offering affordable, experienced, and friendly financial services for business owners, executives, and independent professionals.

Call (718) 276-2300

Navigate to Visit website

About

Prime Accounting Service, Inc. is a full-service accounting firm licensed in New York, offering a wide array of financial services tailored for business owners, executives, and independent professionals. The firm is known for its professionalism, responsiveness, and quality, providing personalized attention to each client.

Services include small business accounting, QuickBooks setup and training, payroll management, part-time CFO services, non-profit organization support, and incorporation services. The firm also specializes in tax preparation, tax planning, and resolving tax problems such as non-filed tax returns, back taxes, payroll tax issues, IRS liens, IRS levies, and offers an Offer In Compromise. With a commitment to continuous professional education and a focus on delivering insightful advice, Prime Accounting aims to empower clients to make informed financial decisions.

Professionalism

Responsiveness

Quality

Free Initial Consultation

Client Referrals as Growth Driver

Services

Small Business Accounting

Monthly or quarterly bookkeeping services including bank reconciliation, income statement generation, balance sheet preparation, general ledger cleanup, and unlimited consultations.

Bank Reconciliation Income Statement Generation Balance Sheet Preparation General Ledger Cleanup Unlimited Consultations

QuickBooks Services

Setup, training, tune-up, tips, and discounted purchase of QuickBooks software for small to mid-sized businesses.

QuickBooks Setup QuickBooks Training QuickTuneup QuickBooks Tips Buy QuickBooks and Save

Payroll

Managed payroll services for small to mid-sized businesses.

Part-Time CFO Services

Part-time Chief Financial Officer services to provide strategic financial guidance.

Non-Profit Organizations

Specialized accounting services for non-profit organizations.

Incorporation Services

Assistance with business incorporation processes.

Reviews

Rating

3.8

★★★★☆

Reviews

Frequently Asked Questions

What tax breaks are available for charitable volunteer work? +

Volunteers may deduct out-of-pocket costs such as phone calls, postage, supplies, and uniforms (if unsuitable for everyday wear). Actual car expenses (mileage or gas/oil) related to volunteer work are deductible, along with parking fees and tolls. Overnight travel expenses for charitable purposes are deductible if reasonable. Special rules apply to convention expenses.

How can I reduce IRS audit risk for my small business? +

Understanding patterns or inconsistencies that trigger IRS audits can help limit exposure. Common audit triggers include certain financial patterns, errors in reporting, and discrepancies in tax filings. Proactive bookkeeping and compliance with tax regulations can reduce audit risk.

What benefits does an Educational Assistance Program offer to companies? +

Offering tax-advantaged educational assistance under IRC Section 127 can attract and retain talent. Recent legislative changes have expanded the value of this benefit, allowing businesses to provide educational support while enjoying tax advantages.