Spector Foo Weissman LLP

Committed to Helping You Achieve the Highest Return on Your Investment

Accountant in New Hyde Park, NY (show on map)

Certified Public Accountants providing a wide range of services to individual and business clients.

About

Our dedication to superior client service has brought us to the Internet as we endeavor to continue to provide the highest quality professional service and guidance.

Services

Bookkeeping/Write-Up

Meaningful, well-organized financial records ensure that your business operations will run more efficiently on a daily basis and are the foundation of a successful business.

Audits, Reviews and Compilations

We view our role in the financial reporting process as an opportunity to provide constructive solutions for maximizing your company's profitability and efficiency.

Business Entity Selection

Choosing the form of entity of your business (e.g. "S" corporation, sole proprietor, limited liability company) is a crucial decision that can have longstanding tax implications, positive or negative.

Estate Planning

Effective estate planning facilitates the orderly transfer of assets to your beneficiaries, provides security for your surviving spouse, and can reduce or eliminate the tax due on the transfer of your business and other assets.

Financial Planning

A properly structured financial plan enables you to face any financial challenge that may present itself at each stage of your life.

Retirement Planning

Successful implementation and periodic review of your financial plan will ensure financial independence during your working years and through your retirement years.

Frequently Asked Questions

What is the IRS's indexing adjustment for applicable dollar amounts? +

The IRS has issued indexing adjustments for the applicable dollar amounts under Code Sec. 4980H(c)(1) and (b)(1), which are used to determine the employer shared responsibility payments (ESRP).

What is the IRS's updated guidance on conservation easement transactions? +

The IRS has updated its Conservation Easement website to expand guidance on abusive conservation easement transactions.

How can I correct errors in my filed federal return? +

You can submit an amended return where key items affecting tax liability have changed.

What digital tools are available to help small businesses and entrepreneurs manage their tax responsibilities? +

The IRS has highlighted several digital tools and resources available to help small businesses and entrepreneurs manage their tax responsibilities during National Small Business Week.