Successful business owners rely on best NYC CPAs who can provide exceptional accounting for a small business that transcends the obvious. When you’ve reached the pinnacle of your niche industry as a small business owner, it’s time to ensure that your efforts don’t wane.

Being self-employed usually means that you wear a lot of hats. Rarely can a successful self-employed professional reach the heights that you’ve accomplished without outside help. You rely on web designers to build and maintain your online presence, call in the branding experts to tweak your image and use the Self-Employment Accounting services of an up and coming Millennial to manage your social media. And you probably have a self-employment accountant to file your taxes each year.

Forensics or Forensic Accounting is a science dedicated to finding out the truth. Its role in accounting is to root out fraud, allegations of misappropriations and illegal transactions within a company. A forensic accountant in NYC also may dig into your personal financial records to seek answers to questions posed in IRS audit, lawsuits, insurance claims or divorce proceedings.

When the time comes to write your will, you have the right and the ability, as a U.S. citizen, to leave your spouse your entire estate upon your death. If your estate is worth more than a certain amount, you can leave your assets in a trust, where they won’t be taxed, at least not until your spouse passes. With your assets in a trust, your spouse is entitled to any income the trust generates, typically interest payments.

Pension accounting in NYC. When you set up a retirement or pension audits program for your business, be aware that the IRS and the Department of Labor (DOL) both oversee retirement plans. These agencies often work together to make sure that your company is managing your retirement and pension plans to the benefit of your employees who participate in them.