Fogarty Kelly J CPA

At Kelly J. Fogarty CPA P.C., we understand that your financial well-being is paramount. We are a team of dedicated and experienced professionals committed to providing comprehensive accounting and financial services tailored to the unique needs of our clients. Our firm is licensed in New York and specializes in helping business owners, executives, and independent professionals navigate the complexities of the financial world. We take pride in delivering personalized attention, expert guidance, and transparent solutions that empower our clients to make informed financial decisions.

Services We Offer

We offer a diverse range of services designed to address all aspects of your financial journey, from tax preparation and planning to business accounting and financial consulting.

• For Individuals:

We believe that financial security starts with a strong foundation. Our personalized services for individuals encompass a wide spectrum of needs, including:

• Personal Financial Planning: We work closely with you to develop a customized financial plan that aligns with your goals, whether it's saving for retirement, buying a home, or securing your family's future.

• Estate Planning: Our experienced team can guide you through the complexities of estate planning, ensuring your assets are protected and distributed according to your wishes.

• Elder Care: As we age, our financial needs evolve. We provide specialized services to assist seniors with managing their finances, navigating long-term care options, and planning for their future.

• For Businesses:

We recognize the unique financial challenges faced by businesses at every stage of growth. Our comprehensive business services are designed to streamline your financial operations, enhance profitability, and foster long-term success. We provide:

• Small Business Accounting: We partner with small business owners to provide efficient and reliable accounting services, ensuring your books are accurate and compliant.
• QuickBooks Services: As QuickBooks experts, we offer set-up, training, and ongoing support to help you maximize the benefits of this powerful accounting software. Our QuickBooks services include QuickAnswers for immediate support, QuickTune-up for optimizing your system, and tips to enhance your efficiency.

• Payroll Services:

We understand the importance of accurate and timely payroll processing. Our dedicated team handles all aspects of payroll, including calculations, tax filings, and direct deposit, allowing you to focus on growing your business.

• Part-Time CFO Services: Access the expertise of a Chief Financial Officer without the full-time commitment. We provide strategic financial guidance, financial analysis, and reporting to support your business growth.

• Audits - Reviews - Compilations: We offer a range of audit services, including reviews and compilations, to meet your specific reporting needs and industry requirements.

• Cash Flow Management:

We work with you to develop a sound cash flow management strategy, forecasting future cash needs, optimizing working capital, and ensuring your business has the resources to thrive.

• Bank Financing: We provide guidance and support to help you secure financing from banks and other financial institutions, maximizing your chances of approval.

• Business Valuation: Achieving a fair valuation of your business is essential for mergers, acquisitions, and estate planning. We provide professional business valuation services to determine your company's worth.

• Strategic Business Planning: Develop a comprehensive business plan that outlines your goals, strategies, and financial projections to guide your business toward success.

• Succession Planning: We assist in creating a plan to ensure a smooth transition of ownership and management within your business.

• New Business Formation: We guide you through the process of establishing a new business, from choosing the right legal structure to obtaining necessary permits and licenses.

• Non-Profit Organizations: We specialize in providing accounting and financial services to non-profit organizations, ensuring compliance with relevant regulations and maximizing your impact.

• Internal Controls: We help you implement strong internal controls to mitigate risk, safeguard assets, and ensure financial accuracy.

• Forensic Accounting: Investigate financial fraud, embezzlement, or other financial irregularities with our expert forensic accounting services.

• Litigation Support: Provide financial documentation and expert testimony to support legal claims in business disputes or other litigation.

• Tax Services:

Navigating the complexities of tax laws can be daunting. We provide comprehensive tax services to individuals and businesses, ensuring you meet your tax obligations while minimizing your tax liabilities.

• Tax Preparation: We prepare accurate and timely tax returns for individuals and corporations, taking advantage of all eligible deductions and credits.

• Tax Planning: Proactive tax planning is essential for optimizing your tax position. We work with you to develop strategies to minimize your tax burden throughout the year.

• Tax Problems: We resolve tax issues efficiently and effectively, working directly with the IRS on your behalf.

• IRS Audit Representation: We represent you confidently and competently during IRS audits, protecting your rights and advocating for your best interests.

• Non-Filed Tax Returns: We assist in filing past-due tax returns, ensuring compliance and resolving potential penalties.

• Back Taxes Owed: We develop a plan to address owed taxes, exploring options for payment arrangements and potential tax relief.

• IRS Liens & Levies: We help you navigate the complexities of IRS liens and levies, exploring options to resolve these issues and protect your assets.

• IRS Wage Garnishment & Seizures: We provide guidance and support in situations involving IRS wage garnishment and seizures, working to minimize the impact on your finances.

• Offer In Compromise: Explore options for settling your tax liabilities with the IRS through an Offer in Compromise (OIC) if your financial situation warrants it.

• IRS Payment Plan: We assist in setting up an IRS payment plan that works within your budget and helps you manage your tax debt.

• Bankruptcy: We provide guidance and support to individuals filing for bankruptcy and explore options for resolving tax-related issues during the bankruptcy process.

• Innocent Spouse Relief: If you believe you should not be held liable for your spouse's tax debt, we can help you apply for IRS Innocent Spouse Relief.

Our Commitment to You

At Kelly J. Fogarty CPA P.C., our commitment to our clients extends beyond providing technical expertise. We strive to build long-lasting relationships based on trust, transparency, and exceptional service. We believe in empowering our clients through education and understanding, providing clear explanations of complex financial concepts and guiding them toward informed financial decisions. We are dedicated to being your trusted advisor, supporting you every step of the way on your financial journey.