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Maximizing Tax Deductions: Mid-Year Strategies for NY Businesses
June 16, 2025
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Account Service
Business Tax Planning and Preparation
DeFreitas & Minksy CPA provide experienced and skilled consultants who provide efficient Business Tax Planning and Preparation. Our team strives to collect all relevant and necessary information from your company to keep you financially stable.
Business Tax Planning
Our tax services are not just about tax returns. It is vital for any company to keep up-to-date with monthly taxes and prepare for the upcoming tax season.
Career Opportunities
We are always looking for motivated, team-oriented individuals to join our firm. Please feel free to send your resume via email to: dmcguinness@dmcpallp.com
Business Tax Planning
We are very hands-on when it comes to working on Business Tax Planning and Preparation with clients. Our team finds it of the utmost importance to keep up-to-date with all new laws, which give us an advantage over other tax services. Our tax services are created and budgeted for small- to medium-sized businesses. However, our extensive database and wide range of clients, including not-for-profit organizations and large corporations allow us to design tax plans for each type of company or organization.
Our tax services are not just about tax returns. It is vital for any company to keep up-to-date with monthly taxes and prepare for the upcoming tax season. This ensures the tax return process will be highly profitable. Our Business Tax Planning and Preparation services include:
- Tax authority representation
- Payroll tax preparation
- Tax audit representation
- Sales tax preparation and representation
- Estate and trust taxes and returns
- IRS and state tax preparation, and electronic filing
- Tax effects of buying and selling a business
Tax Returns
Furthermore, we believe the proper tax services for tax returns include meeting with clients and understanding their needs. Tax returns are a vital part of a business’s financial solidity. Our tax return services are customized to the company we work for. During the three and a half month period of time, our consultants work hard to meet the deadline on April 15 for each of our clients. Throughout the tax year, we gather financial information and documents from our clients as preparation for returns. Our checklist includes:
Expenses
- Business Insurance
- Employee wages
- Travel expenses and transportation
- Commissions
- Fringe benefits
- Advertising
- Depreciation
- Interest expenses
- Other expenses
Income
- Sales records
- Business checking and savings account interest
- Receipts from sales or services
- Returns and allowances
- Inventory purchases
- Inventory (if necessary)
- Ending inventory
- Other forms of income
Benefit to the fullest extent during tax season. At DeFreitas & Minksy Certified Public Accountants we work hard for our clients with our Business Tax Planning and Preparation services. We proudly serve Long Island and the greater New York area.
Speak to One of Our Certified Public Accountants
Testimonial
WHAT OUR CLIENTS ARE SAYING!
DeFreitas & Minsky maintains high standards, produces detailed information and gets involved with our company so they can understand the operation on a more personal level. The information they provide is always accurate and current. We have been with them for more than 30 years!
4 years agoThis is my second year filing my taxes with DeFreitas & Minsky. I was referred by a friend. Honestly, It’s a blessing sent. Everyone there is professional and knowledgeable about tax codes. They even keep me abreast via email whenever there’s a new tax law and what it entails. I feel safe and sound when doing business with them.
True professionals and attentive to all of my needs. Manny, Melissa, and Michael are all super helpful. They took the time to help me with my taxes, financial planning, and estate tax needs. I highly recommend them.
We’ve been working with Manny for the last 10 years. Whenever we have a question he’s there and if he’s in a meeting during Tax Season (it happens), Jay is always there. Thank you Gentlemen.
FAQ
Frequently Ask Questions.
Tax planning helps businesses strategize their finances in a tax-efficient manner, ensuring compliance while minimizing tax liability.
We assist in identifying tax-saving opportunities, optimizing deductions, and ensuring compliance with tax laws to effectively reduce your tax liabilities.
We assist in identifying tax-saving opportunities, optimizing deductions, and ensuring compliance with tax laws to effectively reduce your tax liabilities.
Yes, we can represent your business in front of the IRS and handle any tax-related matters on your behalf.
Different business structures, like LLCs, S-Corps, or sole proprietorships, have different tax implications. We can help you understand these and choose the best structure for your business.
You should maintain accurate and detailed records of income, expenses, assets, and liabilities to ensure proper tax filing.
Regular financial reviews, keeping organized records, and planning for tax payments can make the tax season smoother.
Late or incorrect filings can result in penalties, interest charges, and increased scrutiny from tax authorities.