YU YAO XU CPA PLLC

Tax Services

Tax services including: Business and individual federal, state and local income tax return preparation, payroll tax, sales tax and carrier's tax quarterly filing, tax audit representation, tax strategy and planning.
Our tax specialists are dedicated to providing insight into tax planning and tax accounting matters by staying informed about shifting financial and regulatory agendas
Our team will help you address the complexity of tax law and enhance your opportunities to improve cash flow, reduce tax burden.
Streamlining tax provision and tax return preparation processes to increase accuracy and provide time savings
We identify new opportunities for savings by staying informed on federal law changes, interpretations, and rulings
Reducing client's risk of missed opportunities or noncompliance
Delivering projects on time and within budget

Audit, Review and Compilation Services

We serve: Private Company Audit and Review, Employee Benefit Plan Audit, Not-for-Profit Organization Audit and Review, School Audit and Review, Single Audit.
We provide high-quality audits, reviews and other assurance services within a flexible framework where we design and assemble an engagement team to meet our client's specific needs.
Our professional staff has a substantial depth of technical expertise in audit, review and compilation. Our process uses depth of business experience, knowledge and wisdom to provide value-added suggestions that help our clients achieve financial and operational success.
Our audit and assurance servics benefit investors and bring business insights to management and audit committee, stay focus on risks that matter most.

Accounting and Financial Reporting

The firm provides monthly or quarterly management reports, as well as year-end financial statements. The relevant, reliable and timely presentation of financial information provides prompt feedback for operational efficiency and strategic decision making.
The firm has hand-on experience and familiarity with International Financial Reporting Standard (IFRS) and Generally Accepted Accounting Principles in the United States of America (US GAAP).
Regular participation at conferences and continued professional education keep us abreast of new opportunities for using financial information as marketing and financing tools and gauges of organizational effectiveness, as well as ensuring appropriate reporting and regulatory compliance.

Management Accounting and Consulting

The firm helps clients to prepare their bookkeeping for the year. Also, we'll help clients set up easy systems that allow them to keep their books in good shape next year.
We work closely with our clients to design a plan of action that will enable clients to avail their operation of managerial accounting, and we provide our clients with consulting services on a regular or occasional basis.

Other Professional Services

As an IRS certified acceptance agent (CAA), the firm helps individual clients to apply for individual taxpayer's temporary identification number (ITIN) in a faster and more efficient way.
The firm serves startup business clients in Formation, apply for SPA and Cosmetic Business Permit, Food Establish Permit, Liquid License, Sales Tax Certificate of Authority, DOT, Unified Regitration, FMC# as well as dissolution.
Payroll setup and provides direct payroll services.
Employee Retention Credit (ERC) application.
Applies for New York state property tax reduction or exemption.
Assists not-for-profit organization in Business Formation, applying IRS Tax Exempt, NYS Charity Registration, Sales Tax Exempt and Property Tax Exempt application and Compliance consulting.
NYS ID application.
The firm has bilingual and Notary on its staff that can assist clients in translation and notary services.