Business Details
Trusted Tax & Bookkeeping Services in Buffalo, NY
Small World Taxes was founded to help individuals and tax-exempt organizations navigate complex tax reforms. We specialize in tax preparation, compliance, and bookkeeping services tailored for small businesses and self-employed individuals. Our entirely digital, cloud-based platform streamlines client communication through electronic signatures and centralized document submission. With expertise in federal and state tax matters, we serve clients across all 50 states while maintaining a strong local presence in Western New York.Our team combines technical proficiency with ongoing professional development to ensure accurate, up-to-date tax solutions. We focus on minimizing tax liabilities through strategic planning while providing comprehensive bookkeeping support using modern accounting software. Our commitment to compliance extends to assisting nonprofits with financial statement reviews and audit preparation.
Services
Tax Preparation
Tax Compliance
Bookkeeping
Tax Planning
Financial Statement Review
Highlights and features
- We offer IRS-authorized e-file services for federal and state returns
- Our team maintains active IRS Tax Return Preparer and NY State certifications
- We provide cloud-based digital document submission and tracking systems
- We specialize in tax planning for self-employed individuals and small businesses
- We serve clients nationwide while maintaining local expertise in Western NY
Services
Tax Preparation
We prepare federal and state tax returns for individuals, small businesses, and nonprofits. Our services include Form 1040 filings, Schedule C preparation, and nonprofit Form 990 submissions. We ensure accurate documentation and compliance with current tax regulations.
Tax Planning
Our tax planning service analyzes business structures and financial strategies to minimize tax liabilities. We review prior returns, create projections, and recommend entity choices and benefit plans tailored to each client's specific circumstances.
Bookkeeping
We implement cloud-based bookkeeping systems using platforms like QuickBooks Online. Our services include chart of accounts setup, accounts payable/receivable management, and automated financial reporting for small businesses and tax-exempt organizations.
Financial Review
We provide third-party financial statement reviews for nonprofits and small businesses. Our team assists with audit preparation, financial data verification, and compliance documentation to ensure accurate reporting to regulatory bodies.
Tax Compliance
Our compliance services ensure adherence to IRS and state tax requirements. We handle quarterly tax estimates, W-4 withholding calculations, and ongoing compliance monitoring for self-employed individuals and small business owners.
People
Nikolay Clark
Owner & Accountant
IRS-authorized tax practitioner with advanced degrees in accounting and financial services. Maintains active certifications through continuing education and specializes in federal/state tax compliance for individuals and small businesses.
Bob Priore
Accountant
Retired corporate finance executive with 30+ years of experience in accounting and compliance. Specializes in budgeting analysis, financial reporting, and tax strategy for small businesses and nonprofit organizations.
Questions
What tax services do you offer for small businesses?
We provide comprehensive tax preparation for federal and state returns, including Schedule C, partnership returns, and corporate filings. Our services include tax planning to minimize liabilities and ensure compliance.
Do you handle past-due tax returns?
Yes, we prepare delinquent tax returns for individuals and businesses. Our process includes reviewing prior filings and creating accurate historical records for IRS compliance.
What bookkeeping software do you support?
We work with Wave Accounting, QuickBooks Online, and other web-based platforms. We help establish chart of accounts, automate reconciliations, and generate financial reports.
How do you handle client communication?
Our cloud-based system centralizes communication, document sharing, and electronic signatures. Clients access a digital tax organizer and submit documents through our secure portal.
Do you serve clients outside Western NY?
Yes, while based in Western New York, we serve clients nationwide through our digital platform. Our services are available to individuals and businesses in all 50 states.
What tax planning services do you offer?
We analyze business structures, accounting methods, and benefit plans to optimize tax positions. Our planning includes retirement strategy recommendations and quarterly tax projections.
