Industry

INDIVIDUAL & BUSINESS TAXES

Ling Qin C.P.A. E.A. PLLC’s clientele receive tax advice from experienced professionals who are accessible and committed to providing responsive service. An additional service available to all business and individual clients is our year-end tax planning. We take great pride in performing this service in advance of the year-end which helps our clients minimize their tax liability. In these meetings we discuss: equipment acquisition, employee bonuses, retirement plans, and other areas of importance to improve profitability and minimize tax exposure.

Additional services:

  • Corporate, partnership
  • Individual tax preparation
  • Financial planning
  • Estate and trust planning
  • Retirement planning and investment analysis

ESTATE & TRUST PLANNING

Estate, trust and tax planning have taken on greater importance with recent changes. We feel it is extremely important that all individuals have estate planning. Here on Greater New York Area the value of local real estate has put many people in the position where they can be subject to estate and gift taxes. We would like the opportunity to discuss the elements of your estate, business and retirement assets.

Our emphasis is on developing a proper strategy that will correspond to the current tax rules, minimize estate and gift taxes, and focus on preserving your assets. We welcome the opportunity to talk to you regarding our estate and planning servies.

NOT-FOR-PROFIT ORGANIZATIONS

We can provide accounting and consulting services to local not-for-profits, private clubs, churches, private foundations and private schools. We developed a specialized department within the firm to accommodate the needs of these organizations. Through our expertise in auditing and accounting services we are able to understand the distinctive needs of each not-for-profit and assist them in fulfilling their missions.

Our relationship with your organization is not just annually but continually throughout the year to answer any questions or review any of the new requirements as proposed by the regulating agencies. We approach each engagement with an understanding of your internal controls and your mission. We will then develop the necessary audit or work plan to accomplish these objectives.

We can provide the following services:

  • Audited financial statements.
  • Review and/or compiled financial statements.
  • Preparation of tax returns, i.e.; 990,990-T, CT-13 and CHAR500, as required.
  • Management letter no internal controls.
  • A letter to the president, treasurer or executive director providing suggestions to strengthen controls that do not affect the audit. We try to provide recommendations to improve accounting controls and operating efficiency that are practical and realistic.
  • We can guide start up not-for-profit with their structure and with establishing their exempt status with the IRS and in preparation of the related filing form 1023 and related state filings.

We look forward to the opportunity to discuss our service with your organization.

Member of the American Institute of CPA's

Member of the New York State Society of CPA's