Li & Zheng, CPA

Tax and accounting for individuals and small businesses in New York

The practice operates as a professional limited liability company of certified public accountants and business advisers in New York City. It describes itself as a versatile firm whose core work is tax, accounting and bookkeeping, aimed at individuals, freelancers and small and mid-sized businesses. Clients are served across New York City, New Jersey, Connecticut and Pennsylvania, and the firm adds that it also works with people across the country and around the world.

Tax preparation and planning

Personal returns for individuals sit alongside tax preparation for small and mid-sized companies. The firm says it makes a point of keeping pace with current federal and state tax regulations so that the returns it prepares are accurate. Planning is part of the offer as well as preparation, so clients can think about their position before a filing deadline arrives.

Small business accounting and bookkeeping

The second main service line is accounting and bookkeeping for small businesses. The firm says its stated mission is to give insightful advice that helps clients make informed financial decisions, and that it tries to understand a client's priorities before working through problems and concerns in good time.

Experience drawn from large firms

The firm's partners have worked at Big 4 accounting firms and at a prominent international law firm in New York, and the practice says it brings that experience to smaller clients. Between them the partners have advised on property, professional practices, trading in commodities, investment funds and wealthy private clients. The partners say they work closely with a client's other advisers, such as attorneys and financial advisors, so that tax advice and wider planning stay coordinated.

Communication and working relationships

An additional member of the team focuses on strategic communications, planning how the firm explains its goals and services. The firm talks of quality of service, confidentiality and attentiveness to clients' needs, and says it works at good relationships with the people it advises. Businesses and individuals who choose it, it says, can rely on competent advice and reliable, efficient staff.

Reaching clients beyond the city

The practice describes its reach as wider than its local base. Because tax and bookkeeping work can be done through documents shared electronically, it describes clients in several states, and says it welcomes freelancers who may not have an accountant of their own, as well as those with more complicated finances in sectors such as property.

Li & Zheng, CPA practises in New York City as Li & Zheng CPA PLLC, a firm of certified public accountants and business advisers. It covers tax, accounting and bookkeeping for clients across New York, New Jersey, Connecticut and Pennsylvania, and aims to keep returns in line with current federal and state rules.

What Li & Zheng, CPA offers

• Tax preparation and planning: returns and planning for individuals and for small and mid-sized businesses.
• Small business accounting: bookkeeping and accounting for owner-run firms and freelancers.
• Financial advice: guidance to help clients make informed money decisions, coordinated with their attorneys and financial advisers.

Who it works with

Clients include individuals, freelancers and small businesses. The partners bring particular depth in property, commodity trading and private equity funds, as well as wealthy private clients and professional firms.

Key facts

• Based in: New York City, USA
• Partners: Karen Zheng, CPA, MST and Jen Li, CPA, MST
• Background: partners previously worked at Big 4 accounting firms and international law firms
• Licensing: Karen Zheng is licensed as a CPA in New York and Illinois