Accounting Services

As accountants, we live for the details – and that’s because we know that details are more than just minutiae; these are the profound intricacies that set you and your business apart. It’s this philosophy that enables us to offer comprehensive services that go far beyond merely submitting your tax returns. Our experienced accountants can provide creative and strategic perspectives on how to address difficult financial issues.

Our experienced accountants provides a full range of accounting and bookkeeping services to businesses that do not require a full time accounting staff, cutting your employer costs of vacation pay, company benefits and payroll taxes. We can perform the duties of an in-house accounting department including:

  • Preparing monthly financial statements and other accounting reports
  • Designing and implementing new accounting systems and software
  • Providing and reviewing payroll information to your payroll service which ensures confidentiality of payroll information from your employees
  • Preparing your payroll tax and sales tax returns
  • Training your personnel on accounting software and bookkeeping and supporting and supervising your in house staff
  • Coordinating with your insurance advisors that your business liability and workers compensation insurance is appropriate for your business

Practice Areas

ESTATE AND TRUSTS – We consult with your estate attorney and assist with the formation of trusts during your lifetime to help fulfill your goals for your family and charitable wishes. We also assist with allocation of assets to trusts, minimizing your estate with gifts during your lifetime and with any probate matters. In cases where there are estate controversies, we assist estate litigators in preparing documents and analysis for the litigation and we prepare court or trust accountings in the format required by the probate court.
INDIVIDUAL TAX PRACTICE – We prepare returns for individuals with various tax issues including investment real estate; investments in partnerships; executive stock options, restrictive stock and other compensation matters; sole proprietorships; pension and investment income; and issues specific to those employed in the arts.

REAL ESTATE INDUSTRY – From bookkeeping services to complex real estate analysis, we handle all facets of ownership of real estate properties. We can help in purchasing, selling and exchanging (IRC Section 1031) your properties. We can assist in finding a broker, lender, property manager, or a company to prepare a cost segregation analysis to allocate the purchase price or other basis of the real property. We handle all matters concerning real estate development.

ENTERTAINMENT COMPANIES – Our firm is located in New York city, in the heart of the entertainment industry. Historically, we have represented the full gamut of entertainment companies including post production houses, record manufacturers, touring bands, radio stations, film and TV production companies. We advise these clients on credits and tax laws that apply to the entertainment field and assist with professional contacts within the industry.
PROFESSIONAL SERVICE FIRMS – Medical practices, law firms and consulting companies are a few of the professional services firms we count as clients. Our vast experience as a professional service firm enables us to assist our clients with problem-solving, billing practices, accounting systems, time-keeping software and other issues particular to service industries.
HIGH TECHNOLOGY COMPANIES AND START-UPS – Many successful high tech companies started with an entrepreneur’s idea, were infused with business expertise and eventually, were brought to market. From that initial idea, we are able to advise you on all matters regarding entity formation, tax issues, research and development credits, as well as refer you to legal representation for registering trademarks, copyrights and patents. When it is time to sell your successful company, we can help you facilitate the sale.
HIGH NET WORTH / FAMILY BUSINESS SERVICES – We understand that high net worth individuals and family businesses are unique and have specific needs. We coordinate our services with investment advisors, insurance brokers, estate planning attorneys and private bankers. We are also knowledgeable about distinctive assets such as private jets and art collections. We work closely with you to help attain your financial business and personal goals
NONPROFIT ORGANIZATIONS AND CHARITABLE TRUSTS – We are able to address the wide range of issues affecting charitable and nonprofit foundations and organizations. We recognize the importance of tracking the most recent state and federal tax changes and the step up in compliance with Internal Revenue Code statutes and regulations. Our tax professionals prepare many of these returns each year and are experienced with their particular issues.
BANKRUPTCY – We have considerable experience in bankruptcy matters which includes insolvency and preference analysis, tax return preparation and expert witness testimony before the Federal Bankruptcy Court. The firm has performed bankruptcy work for approximately twenty years.
Other practice areas include manufacturing; all facets of the food industry including restaurants, grocery markets, food distributors, farms and ranches; children’s camps; moving businesses; storage facilities.
Lawrence Adeyemo & Co.

Subscribe to our Newsletter

Send