TaxSmiths NY

Where you get the refund you deserve!

Tax preparation service (show on map)

4.7

★★★★★

12 reviews

Tax preparation and financial services firm offering individual and business tax preparation, amendments, and refund transfer options.

Call (516) 385-8270

Navigate to Visit website

About

TaxSmiths New York is a dedicated tax preparation and financial services firm offering comprehensive solutions for individuals and businesses. Services include individual and business tax preparation, electronic filing, representation with tax authorities, tax planning, S corporation guidance, and refund transfer options.

The firm emphasizes maximizing refunds, providing audit assistance, and offering year-round support. With over 20 years of experience, TaxSmiths guarantees professional, affordable, and accurate tax preparation, ensuring clients receive every eligible credit or deduction.

Over 20 years of experience

Professional and caring tax preparer (Darah Smith)

Audit Shield warranty program up to $2500

Year-round support and correspondence assistance

RefundTransfer option with no upfront fees

Services

Personal Tax Preparation

Preparation of individual tax returns for federal, state, and local taxing authorities, including electronic filing and representation with tax authorities.

Electronic filing Representation with tax authorities Tax planning Calculation of estimated payments

Business Tax Preparation

Preparation of business tax returns for federal, state, and local taxing authorities, including S corporation guidance and corporate tax planning.

Preparation of federal, state, and local business tax returns S corporation guidance Corporate tax planning Representation with tax authorities

Tax Amendments

Review and amend previous tax returns to maximize refunds or correct errors.

Review of past three years of federal and state tax returns Identification of missed credits and deductions Amendment preparation and filing

Refund Transfer

Pay tax preparation fees using a refund transfer, with no upfront costs and multiple disbursement options.

No upfront fees for tax preparation Refund transfer to pay fees Multiple disbursement options (Walmart MoneyCard, direct deposit, cashier’s check, Walmart Direct2Cash) Convenient and hassle-free payment process

S Corporation Guidance

Guidance on forming and maintaining S corporations, including eligibility requirements and filing procedures.

Eligibility requirements for S corporation status Form 2553 filing assistance Tax planning for S corporations Compliance with federal and state regulations

Audit Assistance

Representation and support during IRS audits for returns prepared by TaxSmiths.

Accompaniment to audits Explanation of return preparation Defense against IRS inquiries

Credentials & Certifications

Over 20 years of tax preparation experience

Reviews

Rating

4.7

★★★★★

Reviews

"The process was so seamless and quick."

Frequently Asked Questions

What's involved in succession planning for family businesses? +

A business strategic plan defines goals, objectives, and targets for a company and outlines its resources will be allocated in order to achieve them. When a strategic business plan is in place, it allows each generation an opportunity to chart a course for the firm. Setting business goals as a family will ensure that everyone has a clear picture of the company’s future.

How can I ensure that my small business will survive the transition into the next generation? +

Implement a strategic business plan that outlines goals, objectives, and targets for the company, ensuring clear communication and planning among family members.

What should I include in a business plan? +

A business plan should include goals, objectives, target market analysis, financial projections, and an operational strategy.

What legal requirements might affect a home-based business? +

Legal requirements for a home-based business may include zoning laws, business licenses, insurance, and compliance with local health and safety regulations.

How can I avoid running into cash flow problems in my small business? +

Maintain a cash reserve, monitor expenses, and ensure timely collection of receivables to avoid cash flow issues.

What steps can I take to improve my business cash flow? +

Steps to improve cash flow include accelerating receivables, delaying payables, optimizing inventory levels, and reviewing pricing strategies.

Is a home-based business right for me? +

A home-based business may be suitable if you have the necessary space, equipment, and discipline to manage business operations from home while complying with local regulations.

Should I keep a cash reserve in my small business? +

Yes, maintaining a cash reserve helps cover unexpected expenses and ensures business continuity during financial downturns.