Tonino Bota CPA

About

Tonino Bota, CPA is dedicated to provide outstanding service with an emphasis on quality and professionalism.

As a trusted financial advisor and tax consultant he has been providing expert guidance to individuals and small to mid-sized firms for more than 20 years.

Services

Tax Services

Tax planning and preparation: We guide you through a full range of tax planning and preparation decisions that minimize your tax liabilities and make sure you take advantage of all of the deductions and credits to which you are entitled.
IRS Representation: Almost nothing gives rise to more fear and anxiety than receiving an IRS audit letter. Let us ease your worries. We have extensive experience representing clients with the IRS, state, and local authorities. In most cases our clients rarely even have to speak to the IRS.
Other tax services: We can prepare any type of tax related filing including (but not limited to):
• Sales tax (any state)
• Estate and Trust tax
• Payroll tax (federal and state)
• Foreign account disclosures
• International tax
• R&D Tax Credits
• Application for exempt status under 501 (c)(3)

Business Services

New business formation/restructuring: Choosing an appropriate business entity type will determine how you'll be taxed and your legal protections and responsibilities. Let us help you determine the most advantageous structure for your specific situation.
Payroll services: We will prepare your payroll, including calculation of required withholdings and tax payments. We also process your W-2's, 1099's, and quarterly and annual payroll tax returns.
Financial projections & forecasts: Planning for the future is an essential part of keeping your business on track to meet and exceed your goals. We combine our understanding of your business, industry and current market conditions to develop models to help you manage your business.
Part-time CFO/Controller services: Need professional financial advice but not a full-time CFO or controller? We serve as an extension of your office, giving you a professional financial manager at a fraction of the cost of a full-time hire. You'll benefit from:
• Improved quality and timeliness of financial information
• Better controls ensure compliance, reduce employee theft and increase profits
• Profitability analysis by service or product line
• Tax saving strategies
• Better understanding of your finances so there are fewer surprises and more control over your hard earned money
• And much more!

Accounting & Attestation

Personal financial & Estate planning

Save for retirement, put your children through college, protect your family in the event you become disabled, maximize your personal wealth and/or leave a legacy for your heirs. Whatever your needs, we can help you achieve your financial goals.

Business bookkeeping & accounting

Accurate record-keeping is essential to a successful business. We can set-up or clean up your general ledger, reconcile your bank and credit accounts, record your deposits and much more. Our services are completely customizable to your needs.

Financial statement preparation

Meaningful financial statements are essential when making daily business decisions. Whether you've done your own bookkeeping or need help making sense of your financial records, we can help. Whatever your needs, we will prepare accurate, useful, and meaningful financial statements to meet your needs.

• Audits (provides highest level of assurance) - We examine your company's financial statements in accordance with Generally Accepted Auditing Standards using various techniques including substantial testing of the information underlying you financial statements. The result: a documented opinion as to whether the financial statements are fairly presented in conformity with Generally Accepted Accounting Principles (GAAP).
• Reviews - Obtain limited assurance as a basis for reporting whether the accountant is aware of any material modifications that should be made to the financial statements for them to be in accordance with the applicable reporting framework.
• Compilations - We apply accounting and financial reporting expertise to assist you in the presentation of your financial statements without undertaking to obtain or provide any assurance that there are no material modifications that should be made in order for them to be in accordance with the applicable financial reporting framework.

Industry specific services

Construction Industry:
• Certified payroll
• Percentage of completion and completed contract accounting
• Work in progress schedules
• Financial statement preparation for financing and bonding

Dealerships and Retail:
• Sales tax reporting and payments (Including NYS PrompTax)
• Sales tax returns (monthly, quarterly, annual)
• Inventory accounting and reporting

This is just a brief sample! In addition to these, our wide client base also includes professional service firms, financial instrument traders, restaurants and bakeries, salons and much more.

QuickBooks & Sage 300 set-up/implementation

Need help implementing or cleaning up your accounting software? We have many years experience in setting up both QuickBooks (all versions - Desktop, Online, Enterprise, or Mac) and Sage (formerly Timberline). Contact us for more information.