Specializing in...
Please take a minute to learn about all the areas we specialize in.
Tax
Gary Sanders, CPA PC, has assisted clients in all areas of Federal and State taxes for decades. Our belief is that the key to proper tax planning is to know every aspect of our clients’ lives and relationships.
We are always available to work with you to accommodate all your business needs. Whether it’s acquiring or selling properties, handling the tax effects of both special life-cycle events, or assisting in the ongoing tax planning and compliance, we are here to assist you.
We know the complexities of good tax planning revolve around the constantly changing and moving parts that affect you. Because of this, we consistently monitor, on a year-round basis, the components of income and expenses, and coordinate the income with the required payments to ensure compliance without any year-end surprises.
Our CPA’s attend regular conferences and participate in round-table discussions, especially regarding the new tax laws, to work with you, your lawyer and your financial advisors to reduce your tax liabilities and plan for the long-term future.
For these or other tax-related questions or issues, contact our office at (516) 900-1430 to talk to one of our experienced CPAs.
Estate Planning
At Gary Sanders, CPA PC, we understand that preserving the assets for your family and selecting the right method for passing them on is one of the most important and sensitive aspects of your life. It has been proven to us in our 40 years of practice that this is often the most overlooked and neglected aspect of your overall planning.
The goal of our estate planning practice is to assist you in providing information and alternatives to offer generational planning, preserve the future of your assets, and to do so with as little potential future family conflict as possible. This may involve the use of Trusts, which we can assist in reviewing for/with you.
We know that mixed families, second marriages, and business succession planning, are so involved and require a great deal of planning and discussion.
We thoroughly analyze your financial and family circumstances to assist you in accomplishing your goals and planning for the continuous changes in your life, while also analyzing the tax benefits and planning that is crucial to a well-planned estate. We will work with you and your estate attorney to ensure your goals, plans, and tax ramifications are all met.
If you need help preparing your estate plan, or if you would like us to review your existing plan and related documents, call us at
(516) 900-1430.
Family & Closely Held Businesses
At Gary Sanders, CPA PC, we have always had a strong connection with small and closely held businesses. We understand that business owners are faced with significant issues to survive in the ever-changing business landscape and we are always available to help them through it.
Business owners know how important real-time Financial Statements are to the business. We also know that time constraints and emotions can have a significant impact on using existing financial records to plan for the future.
With our deep understanding of the small business environment, we are able to assist in cash-flow management, providing historical data, and income statement projections for the future. We also assist in measuring, and improving, the profitability of various segments, and products of your business.
In addition, we use our expertise to coordinate the special needs of a closely held business with the components of estate planning, tax planning and compliance, and potential pension planning.
Contact us at (516) 900-1430 for more information or to schedule a consultation.
Financial & Retirement Planning
Our goal at Gary Sanders, CPA PC, is to help clients meet their objectives in all aspects of financial and retirement planning and integrate these plans with the Tax and Estate planning to enable maximum income and growth.
We realize that as you move through various stages of your life, your needs and goals will also change. We will assist your wealth advisor in understanding the tax components of any changes within your portfolio.
Our team will assist to analyze the myriad of options in filing for Social Security, and work with each family on their own plan to decide when to collect this benefit.
The options of college planning for children and grandchildren presents significant opportunities for saving while eliminating taxes in many situations. The proper college planning can serve as a multi-generational plan.
Most importantly, we assist in analyzing your IRA and pension benefits as proper beneficiary designation, methods of distribution, possible conversion or contributions to a ROTH IRA are critical to an overall successful plan.
Whether asset management, retirement benefits, or costs for funding college, we can address a range of needs. We bring together the appropriate team to maximize your overall goals with an eye on future planning.
Contact us at (516) 900-1430 to request assistance in meeting your financial needs.
Cooperative & Condominium Audits
Preparation of Financial Statements and a successful audit for Cooperatives and Condominiums commands a special expertise.
We are proud to offer a year-round audit team consulting regularly with the Board and the Property Manager to provide complete, accurate, and timely financial statements.
Someone from our team is always available to attend the annual meeting to answer all questions and concerns the community might have.
• We conduct audit and pre-audit procedures on a regular basis as part of our overall audit.
• We audit all paid bills and all bills for major improvements.
• We review collections and compare to the billings for accuracy.
• Explanations for any large differences are always requested.
• Tax letters indicating underlying interest and real estate taxes are provided by January 10th.
• Confirmations are always requested to verify balances, proper insurance coverage, and any legal claims.
We assist your Board and your Management advisors to provide the Cooperative or Condominium entity the highest level of financial service and compliance that your homeowners deserve.
Contact us at (516) 900-1430 to review how our firm can assist you.