Newman Newman

At Newman, Newman & Kaufman, LLP, we have earned a reputation for professional excellence in our high-quality audit and accounting practice. Our team of experienced professionals is dedicated to building long-term personal relationships with our clients, providing personalized service that exceeds expectations. We understand that each client is unique, and we strive to provide solutions tailored to their specific needs.

Our Commitment

As a leader in the Cooperative and Condominium industry, we are committed to providing responsive, personalized, and quality service. Our top priority is to provide superior client service with independence, objectivity, and integrity. We have achieved a high client retention rate, which has earned us recognition as a leader in our industry.

Our Services

At Newman, Newman & Kaufman, LLP, we offer a wide range of services to support our valued clients beyond the standard scope of the engagement. Our services include:

Auditing & Accounting for Cooperatives & Condominiums

Our expert team provides auditing and accounting services for cooperatives and condominiums, including financial statement preparation, in-depth analysis of the entity's financial condition, and corporate tax return preparation. We also provide evaluation of working capital and reserve funds, as well as assistance in planning for financing capital improvements.

Audits & Financial Statements

Our audit process is unique, providing ongoing throughout the year to address financial concerns on a timely basis. Our services include:

• Audits and Financial Statement Preparation
• In-Depth Analysis of Entity's Financial Condition
• Corporate Tax Return Preparation
• Operating and Capital Budgets and Forecasts
• Evaluation of Working Capital and Reserve Funds
• Assistance in Planning for Financing Capital Improvements

Accounting Services

We also provide a range of accounting services, including:

• General Ledger Financial Statement Preparation
• Bookkeeping (Monthly/Quarterly/Annual)
• Reconstruction of Accounting Records
• Financial Forecasts and Projections
• Cash Flow and Budgeting Analysis
• Computerized Payroll Services
• Sales Tax Services

Tax Planning & Preparation

Taxes play a significant role in a company's overall financial plan. Our team of tax professionals strives to minimize the tax burden of our clients. We provide expert knowledge of tax laws to educate our clients on industry tax matters, enabling them to understand the tax implications of certain transactions. Our tax services include:

• Developing income tax strategies to result in lower taxes
• Assisting Boards to maximize tax deductions for shareholders in cooperative housing corporations
• Providing guidance to Boards to increase basis for shareholders and unit owners
• Preparing and complying with annual and quarterly tax filing requirements
• Responding to inquiries from taxing authorities
• Representing clients in Federal, New York State, and New York City tax examinations

Newsletters

Please find our monthly newsletters and postings of interest below:

• May 2015 Client Bulletin
• June 2015 Client Bulletin
• July 2015 Client Bulletin
• August 2015 Client Bulletin