For Small Businesses

ESTABLISH GREATER PROFITABILITY AND BUSINESS EFFICIENCY!

Your business’ profitability and operational efficiency are at the center of your business’ success!
Our experience, resources, and attention to detail make our accounting services second-to-none. As an experienced accounting team, we look forward to the opportunity to help transform your business’ financials as we work with you to establish short- and long-term strategies for growth and profitability.

 

Working with us and enlisting our business services could make all the difference!

Whether you need help starting a business, cleaning up your bookkeeping, setting up QuickBooks, handling payroll, or you crave some much-needed business coaching or other strategic consulting, we have been doing this for years, and stay on top of all of the new regulations to help you take the most advantage possible. Legally, and ethically — and profitably.

We work with our clients in a relational way to help them experience the financial success they desire — whether the business is just an idea, relatively new, or a well-established entity. Whether small, large, or in need of some special attention, we have the experience you need so that you can focus on what your business does best.

I have used Claudine and her company for many many years for both my personal accounting and business accounting. Claudine aided in setting up my business and has been instrumental in keeping it going to this date. She has prepared my personal and company tax returns for over ten years now and helped in the event that I did not provide all of the necessary documentation. She consistently provides clarity if I am unsure about a new regulation or a specific deduction, etc. She is someone that my family and I rely on for her expertise and reliability. She is outstanding in her field.

Karl H.

Very professional and always courteous. Claudine has prepared my taxes for many years and I have never had any problems or issues. She reviews your information thoroughly and advises accordingly. She responds quickly to all questions and her staff is amazing. Awesome service!

K. Gallman

My No. 1 CPA - Mrs. Claudine Powell-Phillip. I've utilized her services for approximately ten or more years. I don't intend to leave unless Phillip & Associates goes out of business. With her courteous, professional and knowledgeable staff, (not to mention if I have an issue where I need good judgment and advise), Claudine takes time out from her busy schedule to assist. I salute her and recommend others to get on board!!

Claire J.

I have had a few accountants and none of them really understood my business quite as well as Claudine. Before I met Claudine I did not know that my business was incorrectly classified with the IRS which meant I was paying much more than I should have in taxes. Since 2008 Claudine has managed to correct my filing status with the IRS, helped me set up a retirement account and organize my LLC. Claudine and her team are an invaluable asset for any business and I would highly recommend their services.

Pete

The Seven Primary Tasks For Any NYC Business Team

A week past the election, and still plenty of disagreement about the results.That means this is another week where you have the opportunity for the other chumps out there to get massively distracted by the political war games ... while you go about quietly building...

Keeping Your NYC Business Focused During Distracting Times

Apparently there's some news happening around us in NYC these days.I often use this space to share East New York-specific, detailed information about PPP forgiveness, tax code updates, leadership and marketing strategy, expense reduction, and more -- all essential...

Why a Pre-Mortem Analysis for Any New NYC Business is a Necessity

Right about now, there are writers and analysts already preparing the articles about why the Trump campaign failed. AND right about now, they might be doing the exact same thing in regards to the Biden campaign.Obviously, as of this writing, we have no idea what's...

Claudine Powell Phillip’s Perspective On Proposed New Tax Policies

Oh, you thought I would tell you who I thought would win the presidential election?Nope, I'm not going there.I'm a tax professional though, and I'm not immune to conversations about proper planning for either eventuality. In my opinion, however, the BEST advice about...

Big PPP Loan Forgiveness News For NYC Businesses

You might have seen some rumors on this already, but I wanted to help make everything clear for you...A few weeks back I told you that there were some tax professional rumors circulating about “automatic PPP loan forgiveness” for loans under $150K. Remember that?Well,...

How To Approach Bigger Business Players In NYC or Your Niche

Local NYC business owner to local NYC business owner(though you might actually be out of the area -- but this still applies), I want to remind you of something that you probably already know:With the election just one month away, the world is SWIMMING in conflict and...

5 Business Mistakes That Can Be Fatal by Claudine Powell Phillip

All the political people are arguing over taxes, and my inner geek smiles.(By the way, if YOU want to argue about the tax issues, here's a good explainer article to start with before you make big declarations about the tax issues involved.)Because I'm not really...

Identifying Your Target Prospect by Claudine Powell Phillip

With the business deadline (9/15) behind us, we're in tax planning season.Though the IRS (and Congress) haven't yet definitively made a statement about it (that we know of), here at Phillip & Associates, LLC we are operating according to the fact that the filing...

Struggling NYC Businesses Be Careful With Price Reductions

Here we are, with Q3 of 2020 in the rearview mirror, THANK GOODNESS.Only one more quarter left in this 2020 donkey -- but it's going to be an eventful one.I get asked a bunch by NYC clients and friends what I think the markets will do, and the only thing I can really...

About That PPP Forgiveness Application for NYC Businesses

I have a few quick-hit things to cover today.The first of which relates to some timing issues. Labor Day is behind us (though many of my NYC business owner friends and clients don't really take time off for that).(You can't really take a vacation in the same way when...

How You’re Missing Legal Tax Deductions

Here’s a certain truth: the State and Federal Government would love to have more of your hard-earned money in their accounts. Sure, even though it’s painful, none of us begrudge paying our legal and fair share of taxes.

But the problem is that regular taxpayers, like you, are missing out on legal and safe deductions, to the tune of hundreds of millions of dollars in unclaimed refunds every year!