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November 26, 2007
accountant
We're a small (10 unit) coop looking for a new accountant to do our taxes and annual audit. We do the books ourselves on quickbooks. Last couple of years we've paid a guy $2,500 for the taxes and audit, but he's slow and not responsive enough. Any suggestions on someone who can handle for a similar price?
Comments
We use a small firm named Cappiello & Cappiello somewhere in Nassau county for our 7-unit co-op. I'm the treasurer, and keep everything in a spreadsheet for my own records/sanity, and every January they produce an un-audited financial statement for us based on bank records I send them. They also prepare our taxes.
I believe they can/will perform an audit and give us an audited financial statement for an additional fee, but we're fairly happy with an un-audited version and the tax prep for about a third of what you're paying now.
Posted by: guest at November 27, 2007 3:37 PM
thanks for the tip. i'll give them a call. isn't an audited statement required by law for coops?
Posted by: sixtysox at November 27, 2007 4:33 PM
We are an 8 unit cooperative. We use Doug Condon who is local and does a nice job for about $1,000 per year. The statement is not "audited" but suffices for all our needs and has been accepted by all banks financing new purchases. Call him at: 718-788-3913 or email him at:
dougcondoncpallc@earthlink.net
Marion
Posted by: guest at November 27, 2007 5:30 PM
Can anyone recommend a good attorney to help us convert our brownstone in a condos?
Posted by: guest at November 27, 2007 5:31 PM
Our co-op uses Smolin & Altamura. They are a local firm and have provided great service over the years. Don't have their number handy but I'm sure you can loo them up. And yes...an audit is required by my bank too.
Posted by: guest at November 28, 2007 3:51 AM
Smolin & Altamura's number is 718-722-9700. They are based in Brooklyn Heights.
For the attorney question -- talk to your architect and see if s/he can recommend someone.
Posted by: guest at November 28, 2007 11:51 AM
Smolin & Altamura charge a lot. It's about $200/month for bookkeeping and several thousand/yr for the tax prep and filings. They've been increasing the cost over the last few years. They also nickel and dime you. They charge for every letter and every extra question.
Posted by: guest at November 28, 2007 1:10 PM
1:10 They have never charged me for a letter nor any question I have ever asked and I have been a satisfied co-op client for many years. I have found their fees to be fair. They have been around for a long time so they must be doing something right.
Posted by: guest at November 28, 2007 2:13 PM
Jay M Menachem Cpa
300 Garden City Plz, Garden City, NY 11530-3302, United States (Map) (Add Company Info)
Phone: (516) 877-9277
SIC:Accounting, Auditing, and Bookkeeping Services
Jay is great. He has worked with some of the most complex situations and come through like blazes. He is not cheap, but you do get what you pay for with regard to integrity and insight. Jay is negotiable and not unreasonable. Talk to him
Posted by: Cooperator at December 1, 2007 10:10 AM
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