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

Claudine Powell Phillip’s System To Turn Upset Clients Into Happy Clients

I am simultaneously eager while also being slightly horrified that tax season has officially begun.Horrified, simply because the IRS has been significantly behind the 8-ball this year, and I still can't believe that we're already halfway through February 2021.EAGER...

Measuring Key Numbers In Your NYC Business And Developing Accountability

During the first Super Bowl that Tom Brady won (with the Patriots), these were some of the companies who advertised (hat tip to Jon Erlichman of Bloomberg):AOLBlockbusterRadio ShackCircuit CityCompUSASearsHotJobsYahooVoiceStream WirelessGateway ComputersThe year was...

A Checklist For NYC Business Owners’ For 2020 Personal Income Taxes

So, last week I ran through the (rather incredible) selection of NEW and/or extended tax credits available for NYC business owners.That's just the tip of the iceberg though.But this is the great thing about working with business owners in tax strategy ... we can get...

Six Options For NYC Small Business Aid And Tax Savings

My goal today is to simplify your options.There is so much noise, and so many conflicting voices about all of this, that I wanted to give you an authoritative, basic rundown of what's being made available to you and other NYC small business owners by the federal...

My NYC Small Business Health Quiz (Part 2)

Let's start today with a couple questions I've been getting here at Phillip & Associates, LLC from our NYC small business clients about the second round of the PPP, and some of the new provisions of the recent bill that affect businesses.If I received the first PPP,...

My NYC Small Business Health Quiz (Part 1)

Last week, when I wrote my message to our NYC business clients, the biggest news was the second round of the PPP, and that expenses covered under the first round of it would be tax deductible.Has anything happened since then?Goodness, even just the "mere" fact that...

Provisions of the Second Coronavirus Relief Bill That Affect NYC Small Businesses

Wow, does it ever feel good to have turned the page on 2020. This first "working week" is when I finally began to feel the newness of it all.Yes, it's "just a date" on a Gregorian calendar, but ...2021 holds great promise for our East New York business clients. With...

Ultra Last Minute Tax Moves for NYC Businesses

It's going to take us many weeks to digest everything in this massive omnibus of a relief bill that the President signed on Sunday night.And with year-end barrelling at us (2021 is on FRIDAY), it's unlikely that we will be able to make substantive action on your...

Claudine Powell Phillip’s Annual Holiday Prayer

Well, Congress seems to have heard the cries of the huddled masses of SMB's around the country, and more PPP funding is (seemingly) on the way.Details aren't finalized yet as of this writing, so I will have more to say on these matters in future weeks.Even these early...

Powell Phillip’s Guide To Getting Tasks Done

Maybe I'm writing this today because we're very much feeling the end-of-year crunch here at Team Phillip & Associates, LLC.Really, we only have a few business days left before 2020 is in the rearview. Yes, my heart wants that to happen YESTERDAY, but my business brain...

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!