Yes, You Can Have it All. We’re Expert CPAs and Experienced Business Advisors.
Good CPAs know the tax code; great CPAs know how to apply it based on your company’s objectives. In the expert hands of the Robert P. Russo, CPA, PC team, accounting isn’t just something you “have to do.” It becomes a tool for maximizing your success. As a premier accountant, we take a proactive approach, uncovering financial advantages for you while providing impeccable service: from accounting and bookkeeping, to tax preparation and financial consulting.
Agile. Adaptive. White Glove Service.
The Russo CPA Team has over 40 combined years of experience delivering bottom-line results for clients based everywhere from LA to Hong Kong, NYC and beyond. We go into the trenches with hyper-creative solopreneurs and ambitious startups, establishing their optimal tax structure. We plan and strategize accounting for mid-sized businesses as they grow. And we help non-profits make sense of the tax maze.
We thrive on the variety of our clientele, swiftly adapting to meet their perse accounting and taxation needs. No matter who we serve, everyone benefits from our signature white glove service and precise, easy-to-understand counsel, preparations, and statements.
Real Estate Taxation
We Keep It Real: Real Talk and Real Answers
Looking for a real estate tax specialist? With over 25 years of proven experience in real estate tax law, the Russo CPA Team is here to help. We navigate the challenging terrain of 1031 tax-free exchanges with ease. And we’ve successfully represented realtors in front of the IRS in passive loss rules. Even though real estate taxes are notoriously complex, we present it in a way that makes sense. And like Plato said, teaching is the highest form of understanding, which is why Robert Russo teaches income tax law at the NY Real Estate Institute.
Income Tax Planning and Preparation
We Read the Tax Law Hungrily and Thoroughly. So You Don’t Have to.
Tax planning: it’s our favorite! Here at Robert P. Russo CPA, PC, we’re obsessed with all things TAX. To us, detailed tax codes, laws, regulations, and rulings read like best-selling page turners. Why do you care about the reading habits of a bunch of tax zealots? Because these long and intricate documents hold the keys to how we strategically prepare your corporate tax returns. We can pinpoint that line of tax legalese that results in thousands of dollars in tax savings for you to re-invest in your businesses, or simply pocket.
Inquiring Minds Want to Know…
The Russo CPA team is equally interested in what you’re up to. Are you planning an expansion, a merger? Launching a new product? We prefer meeting with you regularly, at least twice per year, to keep your tax planning strategic and forward-facing. That way, our tax and accounting strategies are always aligned with your business goals.
Corporate Formations | Corporate Fundraising
First Thought. Best Thought.
Poet Allen Ginsberg had it right. Your first thought is often your best thought. Except if you’re an entrepreneur thinking a lawyer should decide your business entity. We get it, choosing between LLCs, C Corps, S Corps, partnerships, and sole proprietorships is overwhelming. With respect to our legal colleagues, your pick impacts two key things: your (real) tax liability and your (hypothetical) legal liability. Unless your lawyer is also a tax accountant, your first thought should be: “I’m contacting the Russo CPA Team.”
How We Choose Your Business Entity
First, our team of expert CPAs explores your business model to project revenues, expenses, and cash flow. Then, we use these and other factors to make the ideal choice. As your startup accountant, we’ll help you get set up and secure your employer identification number (EIN). And when you’re ready, we can refer you to the right lawyer (we’ve got a high-quality network) who can help you seamlessly complete what seems like a monumental task.
We’ve Been There. So You Can Go There.
Because of founder Bob Russo’s background as an entrepreneur, we bring more to the table than just being your accountant. We’re experts at cash flow projections, business plan assistance, investor fundraising, and more. We’re accountants and business advisors – a rare blend – who can give you the edge with intelligent, actionable advice. If you’re looking for a CPA who’s also business savvy, let’s talk!
*NOTE: There’s a misconception that CPAs only want the “big fish.” As a small- and mid-size business CPA, we deliver big-time service whether you have one employee (you!) or hundreds.
Your Financial Picture. The Most Important Selfie.
Are you seeking start-up funding? Expanding your line of credit? Looking to sell your business and start another—or simply take it easy for a while? Maybe you’re new, and just want an accurate measure of how your small business is doing. Let us take a selfie…
The Russo CPA Team will capture a clear, unfiltered picture of your finances, and discern where you need touch-ups. From your income statement to your balance sheet, your cash flow statement to your projected budget, we determine how to structure and present your financial picture in the most effective, flattering light.
If necessary we can prepare audited, reviewed, or compiled financial reports for your firm.
QuickBooks Pro Advisor
Get Up to Speed on QuickBooks
If QuickBooks has you mystified, come to us. We are a certified QuickBooks Pro Advisor, and we can set you up, show you the ropes, and answer your questions now and in the years to come. Prefer to keep your nose out of the books? No problem! We also provide full-service bookkeeping for many clients here in New York, and nationwide.
Accounting, Bookkeeping and Software Services
We’re Nosey. That’s a Good Thing.
To the Russo CPA Team, looking into your books is like peeking into a diary. It’s thrilling! We often uncover juicy secrets like bad recordkeeping and mysterious errors like taxable events that should have never happened – oh, the horror! Why all the snooping? It’s so we can set you back on track.
We never forget: these are your books we’re keeping. So at any time, just get in touch for a real-time look at your books. We can also help you make sense of what we’re tracking by providing tax and financial advice. No detail is too small: ask us to analyze anything! If you’re ready to turn over a new leaf in your business, turn your books over to our team of qualified CPAs – contact us to learn more.