Tax Problem Resolution

You’ve got a friend in the tax business. Let us be your go-to for your any tax resolution needs you may have. From IRS wage garnishment protection to helping you get “Innocent Spouse” protection, we have the experience you need.

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

Big Employee Retention Credit Update For NYC Businesses

With the passage of the American Rescue Plan Act AND the CARES Act, the government is seemingly trying to go "full Oprah" with all of the credits, grants, and such that they are slinging out to NYC small businesses...And while the media headlines are dominated by...

Claudine Powell Phillip’s Third Stimulus Package Update

Well, it doesn't look as if the minimum wage increase is happening.But all kinds of other interesting nuggets are inside the Senate version of the third stimulus package, the "American Rescue Plan" (i.e. the Biden stimulus).Now, portions of unemployment are NOT...

All Things PPP For Businesses in NYC

We are knee deep in tax forms with the 3/15 deadline looming for corps.On top of that, of course, Congress continues to throw new things our way. The House passed the "American Rescue Plan" and there are stimulus-ish things to pay attention to.One provision of note...

How NYC Small Businesses Should Handle A Crazy Customer

We're keeping our powder dry over here at Phillip & Associates, LLC, as it relates to the "American Rescue Plan'' proposed by Biden. There's plenty of talk about it ... but as of yet, nothing has passed.I prefer to live in the world of what *is* -- instead of...

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...

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!