I&u CPA

Tax preparation and IRS resolution in New York

I&U CPA is a New York firm of certified public accountants. It combines tax preparation with bookkeeping and payroll for businesses, and it offers a separate line of work for clients who have run into trouble with the Internal Revenue Service. The firm says it serves US clients across the country as well as foreign clients who are investing in the United States, and it works all year round rather than only in the filing season.

Business and personal returns with several states involved

The firm prepares business tax returns and personal returns, including those with multistate complexity, where income or property crosses state lines. It also handles foreign account reporting, including FBAR filings, for clients who hold money abroad. The practice says its CPAs aim to minimize tax to the extent the law allows, and that they manage the risk of a tax audit as part of the same work. For business owners and high net worth clients the firm describes an ongoing advisory relationship, with proactive suggestions on tax-saving strategies in place of a single filing each year.

Help with penalties, interest and IRS disputes

Where a client already owes tax or is in dispute with the IRS, the firm says it can help resolve the account and work toward a settlement. Its experts in IRS tax resolution explain that penalties and interest continue to accrue while a debt is left open, so early contact is presented as the sensible course. The firm offers an initial consultation at no charge, and it says that payment arrangements can be negotiated where a client cannot pay in full.

Bookkeeping, payroll and financial reporting

The accounting side is aimed at keeping books accurate so that owners can focus on running their businesses. The firm offers monthly bookkeeping, payroll processing and financial statements that show the business's position. It says these reports give owners the information they need for significant decisions, and that they help keep cash flow healthy. A flat-rate package for small businesses bundles monthly bookkeeping, payroll, tax filings, tax planning and defence in a tax audit.

Formation, planning and personal finance

Beyond tax and accounting the firm lists new business formation, strategic business planning, business financing and business valuation. It also offers wealth management services, which it describes as financial planning, estate planning and day-to-day money management for individuals and families. The firm presents these as a continuation of its tax work, since decisions about a business or an estate often have tax consequences.

Industries and kinds of client

The firm names property and investment funds, clothing makers, doctors groups, eateries and creative businesses among the sectors it works with. Its clients range from individuals with a single return to companies that need payroll and tax compliance across several jurisdictions. The firm states that it carries a broad understanding of how each industry works, which it presents as a reason to rely on its advice.