Services

One CPA-led relationship covering the work a New York business actually needs.

Five core pathways handle the recurring financial responsibilities of an operating business. Individual returns are prepared as a supporting service for owners and long-standing clients.

01

Outsourced Accounting & Bookkeeping

Monthly books you can actually use.

Monthly bookkeeping, reconciliations, financial statements, cleanup work, and ongoing oversight — so the numbers are current when you need them.

  • Categorized transactions and reconciled accounts
  • Monthly close and financial statements
  • Historical cleanup and catch-up work
  • Ongoing CPA oversight of the file
  • Coordination with your existing platform

02

Business Tax Planning & Filing

Planning that happens before the deadline.

Business returns, estimated-tax planning, deduction strategy, and year-round tax guidance for owners who would rather not be surprised in April.

  • S-corporation, partnership, and corporate returns
  • Quarterly estimated-tax planning
  • Deduction and timing strategy
  • New York State and New York City filings
  • Year-round questions answered as they come up

03

Payroll & Owner Compensation

Paying your team and yourself correctly.

Payroll coordination, compliance support, and guidance around reasonable owner compensation for S-corporation shareholders.

  • Payroll setup and ongoing coordination
  • Payroll tax filing oversight
  • Reasonable-compensation discussions for owners
  • Tipped-employee and multi-shift considerations
  • Clean tie-out between payroll and the books

Reasonable compensation is a facts-and-circumstances determination. We discuss your specific situation rather than applying a fixed formula.

04

Business Formation & S-Corporation Strategy

Start with the right structure.

Entity and S-corporation tax considerations, setup coordination, and the financial foundations a new business needs in its first year.

  • Entity selection from a tax perspective
  • S-corporation election coordination (Form 2553)
  • EIN and registration coordination
  • Chart of accounts and opening books
  • First-year compliance calendar

Legal formation documents and related legal questions may require coordination with an attorney. Colella CPA advises on the accounting and tax side of these decisions.

05

Financial Reporting & Advisory

Numbers turned into decisions.

Reporting, cash-flow visibility, performance discussions, and owner-level financial guidance throughout the year.

  • Monthly and quarterly reporting packages
  • Cash-flow visibility and forecasting discussions
  • Margin and cost review
  • Owner distributions and compensation planning
  • Guidance ahead of hiring, leases, and expansion

Secondary service

Individual Tax Services

Personal returns are prepared for business owners whose personal and business tax positions are connected, and for individual clients who have worked with the firm for years. It is a supporting service — the practice is built around operating businesses.

  • Federal, New York State, and New York City returns
  • Owner K-1 and distribution coordination
  • Multi-state and part-year situations
  • Estimated payments for owners
  • Year-end planning conversations
Request a Business Financial Review

Start the conversation

Your business deserves financial guidance that arrives before the decision has already been made.

Bring accounting, tax planning, payroll, and financial guidance into one relationship led by Mark Colella, CPA.