Reckon Tax & Accounting

Accountant in Ozone Park, NY (show on map)

Reckon Tax & Accounting offers comprehensive tax preparation, payroll, accounting, and bookkeeping services for businesses in Ozone Park, NY.

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About

Reckon Tax & Accounting is committed to providing timely and accurate financial information to clients. Services include tax preparation, payroll processing, bookkeeping, and new business setup assistance, ensuring efficient business operations and compliance with federal and state authorities.

Licensed Enrolled Agents

Full range of tax and accounting services

Cost-effective solutions

Compliance with federal and state regulations

Services

Accounting

Providing financial information to clients in a timely and accurate manner, including preparation of 1099s, bank reconciliation, sales tax reporting, payroll services, and end-of-year file preparation.

Preparation of 1099s Bank and credit card reconciliation Sales tax reporting Quarterly employment tax reporting Maintaining accounting records and data entry Prepare end of year files for tax accountant Ledger entries/input transactions Assign items to appropriate accounts Payroll services Assist in entity formation, accounting, tax planning, and preparation

Bookkeeping

Offering recordkeeping, bank reconciliations, payroll reporting, and sales tax reporting services.

Recordkeeping and write-up services Accounting system analysis Bank reconciliations Payroll reporting, Federal and State quarterly reports Sales Tax Reporting

Payroll

Providing cost-effective and confidential payroll processing, including check printing, direct deposit, and quarterly return filings.

Computer-printed or handwritten checks Direct Deposit for all employees Child Support payments, deducted and mailed to agency All quarterly returns, 941, 940 and NY – 45 End of year form preparations: W-2 and 1099-Misc Automatic monthly payroll deposits

Tax Preparation

Offering low-cost tax preparation with maximum tax savings for individuals, corporations, partnerships, LLCs/LLPs, and out-of-state taxes.

Individual, corporate, partnership, LLC/LLP, and out-of-state tax returns Appointment-based preparation, drop-off, mail-in, and e-mail submission options Direct deposit and mail refund options

New Business Setup

Assisting with registration, federal and state ID number acquisition, payroll and sales tax registrations, and recordkeeping requirements for new businesses.

Registration with federal and state authorities Assistance with obtaining federal and state ID numbers Payroll and sales tax registrations Selecting a form of organization Recordkeeping requirements

Credentials & Certifications

Enrolled Agent

Since 1984

Frequently Asked Questions

What is an Enrolled Agent? +

An Enrolled Agent (EA) is an individual licensed by the federal government to represent taxpayers before the IRS, demonstrating technical competence in taxation.

How can an Enrolled Agent help me? +

EAs advise, represent, and prepare tax returns for various entities, including individuals, partnerships, corporations, estates, trusts, and any entities with tax-reporting requirements.

What are the differences between EAs and other tax professionals? +

Only Enrolled Agents are required to demonstrate competence in taxation before representing taxpayers before the IRS. Unlike attorneys and CPAs, all EAs specialize in taxation, and they are the only taxpayer representatives authorized by the United States government.

How does one become an Enrolled Agent? +

An individual can become an EA by passing a three-part IRS examination covering taxation of individuals, corporations, partnerships, estates, trusts, procedure, and ethics, followed by a background check, or by working at the IRS for at least five years in a tax-related role.

Are EAs required to take continuing professional education? +

Yes, EAs must complete 72 hours of continuing professional education every three years to maintain their status.

Are Enrolled Agents bound by any ethical standards? +

Yes, EAs are required to abide by US Treasury Department Circular 230, and violations may result in suspension or disbarment.