January 7, 2016

Personal Accounting and Financial Planning

Families hire many different types of ‘caregivers’ to nurture and protect what’s most important to them. Think of us as your family’s financial caretaker. Your financial health is what matters to us. Let us handle all of your personal accounting and financial planning needs.

Whether it is the first time you have hired an accountant or you are coming to us with prior experience, we will diligently familiarize ourselves with your financial history so we can identify and work to meet, and surpass, your expectations. We pride ourselves on the level of service we extend to all of our clients and our commitment to devoting the time and resources necessary to provide appropriate and in-depth counsel.

Estate tax preparation by Gregg T. Iliceto
personal accounting

Call Gregg T. Iliceto for an initial consultation

718 227 3354

Personal Taxes

Our expertise of personal accounting, thoroughness, industry knowledge, and grasp of ever changing tax laws, delivers a level of service well equipped to protect, monitor, and strengthen a family’s or individual’s financial health.  We do this is by preparing a professional comprehensive tax return.

Prudent advice and solid solutions to maximize your return is what you will receive from our team.

Estate and Trust Tax Planning and Preparation

We help you understand how the tax law applies to your situation and handle the affairs of an estate or trust. In preparing these tax filings we assist the executor and family members in understanding what tax filings are needed and how it impacts their heirs.

We evaluate the assets including bank accounts, stocks, real estate, IRAs, pensions, annuities and all pertinent items related to an estate. We can then determine which filings are needed and prepare the returns.  

If you are setting up a trust, we will collaborate with your attorney so that both aspects of the trust – the financial part and the legal part – are addressed comprehensively.

Frequently asked questions

How much does it cost to put your personal return on extension?

There is no cost to putting your return on extension but the total amount of tax that is due for the year must be paid with the extension. The government does not grant you an extension to pay the money due just to file the return.

Do I need to make estimated tax payments?

No, but if you owe tax at the end of the year you will be subject to penalties and interest for not making estimated tax payments.

Do I need to electronically file my returns?

Yes, unless you specifically opt out of the filing.

Personal Financial Planning

It’s not all about the tax return.

Life moves at rapid speed. As your personal accountant, we help you prepare for tomorrow –for the things you may expect and even for the things you never expect.  Our professional expertise will assist you in designing a sound financial plan that prepares you for life changes such as marriage, starting a family, an unexpected disability, divorce, death or relocation.

We have the knowledge and resources to help you:

  • Pay down debt.
  • Build a solid savings for retirement.
  • Prepare for your children’s college education.
  • Create a will and health care proxy.
  • Secure life insurance and disability insurance.
  • Set up a trust.

Moving?

Need to find a new personal accountant? We are equipped to handle your tax preparation in whatever state you choose to reside in. Feel confident that you can make that move and still have someone who is familiar with your filings and can anticipate what you may need to address in your new location.