Tax work that sits alongside an audit practice tends to be more conservative — we sign returns knowing how they read to an examiner.
Goldenthal & Suss Consulting P.C. provides business and individual tax planning and preparation, multi-state compliance, fiduciary and estate returns, tax-exempt organization filings, and representation before the IRS and state taxing authorities. The firm serves clients from offices in Staten Island, NY and Freehold, NJ, with particular depth in the New York–New Jersey multi-state situations that affect closely held businesses and residents on both sides of the line.
Living on one side of the Hudson and working on the other is normal here, and so are the filing complications that follow: residency and domicile questions, credits for taxes paid to other jurisdictions, allocation of income for part-year residents, and reciprocity that does not exist between New York and New Jersey the way people assume it does.
Businesses face the parallel problem in nexus. Remote employees, sales into other states, and economic nexus thresholds can create filing obligations in states the business has never physically entered.
Most of what can be changed about a tax outcome has to be changed before the year closes. Entity structure and reasonable compensation for S-corporation owners, timing of income and deductions, retirement plan selection, and the treatment of major asset purchases are all decisions with a deadline attached.
By the time a return is being prepared, the useful decisions have mostly been made. We would rather have the conversation in the fall.
We represent clients in IRS and state examinations, respond to notices, and handle appeals and collection matters. Two practical notes: most notices are resolvable and far less alarming than they read, and the deadline printed on the notice is real — a response window that lapses converts an argument you could have won into an assessment.
Independence rules limit what a firm can do for an audit client, and that boundary is real. We can prepare a Form 990 for an organization we audit, because it is generally a permitted non-attest service with proper safeguards and management taking responsibility for the return. We cannot maintain the books we then audit.
If you are unsure which side of that line a service falls on, ask before engaging — it is cheaper than unwinding an independence problem after fieldwork has started.
For tax-exempt organizations, generally yes — preparing a Form 990 is typically a permitted non-attest service provided appropriate safeguards are in place and management takes responsibility for the return. What independence rules prohibit is auditing records we ourselves maintained, so bookkeeping and audit cannot be combined.
Routinely. Our two offices sit on either side of the metro area and multi-state work is a normal part of the practice — residency and domicile questions, credits for taxes paid to other jurisdictions, part-year allocations, and business nexus in both states.
Before the year closes. Entity structure, reasonable compensation, timing of income and deductions, retirement plan choices, and major asset purchases all have to be decided during the tax year to affect it. Once we are preparing the return, we are reporting decisions rather than shaping them.
Tell us about your organization and the deadline you are working toward. We will tell you what the engagement involves and what it costs.
Request a ProposalStaten Island, NY · Freehold, NJ
(718) 227-6035
