Accounting Services

As a small business owner you have more important things to do than to keep your own books. We take care of your books for you, so you can get back to the job of running your business and generating profits!

Each month or quarter we'll do the following things for you...

  • Each month or quarter we'll do the following things for you...

  • Reconcile your bank account

  • Generate an income statement

  • Generate a balance sheet

  • Clean up your general ledger

  • Provide unlimited consultations

These tasks form the solid foundation of your small business accounting system. You can customize the package of services you receive by adding payroll, tax planning, tax preparation, or any of our other services.

      Tax Services

Tax services are essential to ensuring that your business meets it's financial obligations to local, state, and federal governments. Our services help you file your tax returns accurately and on time, avoid any penalties for errors or missed deadlines, and even receive refunds for overpayment of taxes.

In addition, we can help to minimize tax liability, navigate complex regulations and codes, and plan for future tax issues. Our professionals are knowledgeable in tax laws, regulations, and policies, and they can offer expert advice on tax planning, compliance, and representation in the event of an audit or other disputes with the tax authorities.

Our tax services play an essential role in helping your businesses navigate the complex world of taxation and comply with your tax obligations. With the help of our tax professionals, your business can ensure that your tax return is accurate, avoid penalties and interest, and even maximize your tax refunds.

Wealth Management

Thompson & Company offers wealth management services for all families as well as investment consulting and compliance services for institutional clients. We deliver independent, professional expertise that puts your interests first.

We uses a relationship-focused approach to understand your goals and concerns. We then use our extensive professional knowledge to build a unique plan tailored to your objectives. We back up our commitment with proven, world-class service. Our reputation for candor and integrity means you can be confident your interests come first.

Investment Management

Your investment plan must be based on how it can help you achieve your present and future goals. Investments are not an end in themselves; they are a means to an end, which you will define with our help. We can:

  • Measure your risk tolerance

  • ​Define your investment opportunities, both personal and tax-qualified

  • ​Recommend an appropriate asset allocation

  • ​Prepare a personal Investment Policy Statement

  • ​Recommend specific investments that will implement the Investment Policy Statement

  • ​Regularly review the performance of selected investments

  • ​Modify the strategy as needed

Through multiple meetings, we can help you set out objectives for your wealth and the types of risks you are comfortable taking. We also can explain in common English the strengths and weaknesses of different strategies. Once we determine the strategy with which you're most comfortable, we will document our understanding in an investment policy statement.

Financial & Retirement Planning

Where do you want your wealth to take you? Will you be financially independent when you retire?

Creating and maintaining a solid financial plan involves several steps:

1. Establishing goals

2. Gathering data

3. Analyzing and evaluating your financial status

4. Developing and implementing a plan

5. Monitoring and adjusting as necessary

Your advisors will work with you to determine your future needs. Together, you and your advisor will project and plan for various scenarios, taking into account the following:

  • Current assets
  • ​Planned savings
  • ​Realistic returns on investments
  • ​Inflation
  • ​Other sources of income
  • ​Current and future expenditures for fixed obligations and variable costs

CFO Services

Growing businesses often reach a point where they need professional financial advice, but can't afford a full-time CFO or controller.

If you're fortunate enough to be in this position then we have the perfect solution for you. Our TaxPros CFO service gives you a professional financial manager who works with you to help guide your business to success.

The cost of hiring a full-time CFO can range from $60,000 to over $100,000 per year plus bonuses and benefits. Our Part-Time CFO services provides you with experienced support at a small fraction of that cost.

Here's what you get with our TaxPros CFO services...

  • More time to focus on new services, new customers and other core business issues.
  • ​Better understanding of the financial side of your business. So you have less surprises and more control over the money.
  • ​Improved decision-making capabilities from clearly seeing the hard and true numbers of your business.
  • ​A readily available sounding board to help you with those tough business decisions and help you clarify your business plans.
  • ​The comfort from knowing that a professional is overseeing, protecting and constantly improving the financial side of your business.
  • ​A professional who establishes strong financial controls in your business to reduce employee theft and increase profits.
  • ​Training and managing your accounting staff.
  • ​Improved quality and timeliness of financial information.
  • ​Budget preparation and monitoring.
  • ​Profitability analysis by service or product line.
  • ​Tax saving strategies.
  • ​Trend analysis.
  • ​Assistance in defining long-range plans and the quantification of goals.
  • ​Cash management.
  • ​Liaison with bankers, attorneys, vendors, insurance agents, etc.
  • ​Assistance in obtaining financing from banks, including assistance with negotiations.
  • ​Review/negotiation of insurance policies.
  • ​Development of company accounting procedure manuals.
  • ​Analysis of equipment purchases, expansions, etc.
  • ​Mergers and acquisitions assistance
  • ​Custom designed collection policies and procedures

If you'd like to learn more about our Part-Time CFO Services please click the below Free Consultation button.

Roadmap for Success

This book aims to allow small businesses to thrive through rigorous planning. Thompson's objective is to provide entrepreneurs with an opportunity to plan in a future-proof way. 

5 Tax Saving Tips

Are you tired of losing your hard-earned money to taxes every year? Are you looking for effective methods to reduce your tax burden and increase your savings?

Wealth Building Club

Join Our Wealth Building Club 

and receive weekly wealth building tips, strategies and updates.


Home Seller's Guide

Home Buyer's Guide

Free Home Value

Progress Always Begins Where Your Comfort Zone Ends

premium bootstrap themes

Office Hours

Call us at  718-875-0556 to speak to our team.

Monday

9AM-5PM

Tuesday

9AM-5PM

Wednesday

9AM-5PM

Thursday

9AM-5PM

Friday

9AM-5PM

Testimonials

John Workman, PhD(Real Estate professional)

Thompson & Company’s ROADMAP FOR SUCCESS is a system and planning tool that small businesses can use. I highly recommend it.


Parish Shah, (Registered investment advisor)

Thompson & Company’s ROADMAP FOR SUCCESS is a system with the right tools to help small business manage their operations and grow their businesses.


Nick Perry,(US Ambassador to Jamaica)

My district is home to thousands of small businesses. I'm also aware that they struggle to keep their doors open. The challenge for them has always been a lack of a step-by-step system. Thompson & Company’s ROADMAP FOR SUCCESS satisfies this in seven steps.

Frequently Asked Questions

 What is your process of working with clients?

We believe that every business, regardless of size, deserves access to quality accounting & tax services, which is why we offer a free consultation to prospective clients. During your consultation, we’ll take the time to understand your business and financial goals, identify any immediate accounting & tax needs, and provide you with a customized plan that fits your budget.

What are some of the services provided by your firm?

We offer a wide range of services, including bookkeeping and accounting, tax planning and preparation, financial statement preparation, audit and assurance services, payroll processing, and business consulting and advisory services. We also offer specialized services for particular industries, such as technology or healthcare.

What are the benefits of outsourcing accounting & tax services?

Outsourcing accounting & tax services can offer many benefits for businesses, including saving time and money. Businesses can focus on their core competencies without having to worry about complicated accounting & tax procedures. You also get access to specialized expertise, as accounting firms often employ a broad range of professionals with expertise in various financial areas.

 Do I need to hire a tax professional to file my taxes?

No, you can choose to file your own taxes with the help of tax preparation software or by using the IRS Free File program. However, if you have a complex tax situation, it may be beneficial to seek the assistance of a tax professional.

How long does it take to receive a tax refund?

The timeframe for receiving a tax refund depends on how you filed your taxes and how you opted to receive your refund. If you filed electronically and opted for direct deposit, you can typically expect to receive your refund within a few weeks. If you filed a paper return or opted for a paper check, it may take longer to receive your refund.

How can accounting & tax services help my business grow?

Accounting & Tax services can help businesses grow by offering financial guidance and advice. Accounting professionals can analyze a company's financial records, identify areas for improvement, and provide recommendations for increasing profitability. They can also help businesses make informed financial decisions by forecasting financial results and evaluating potential risks. 

We Love To Hear From You