Tax Planning & Preparation

Timothy E Nelson, CPA’s goal statement is to save his clients money by reducing their taxes. Tax laws are getting more and more confusing every year. Mr. Nelson has made an absolute commitment to invest his free time and resources continuing his education in order to provide sound and timely advice and, of course, continue to efficiently prepare his clients’ taxes in a fashion whereby tax liabilities are virtually non-existent.  Mr. Nelson regularly generates returns for the federal government and all fifty states for:

• Corporate Income Tax Returns (C and S Corporations)
• Partnership Income Tax Returns (LLCs and LLPs)
• Individual Income Tax Returns (Sole Proprietorships)
• Estates
• Trusts
• Non-Profit Organizations

E-commerce Services

Timothy E. Nelson, CPA has in-depth knowledge and experience with e-commerce businesses and entrepreneurs, especially with Amazon sellers who have to deal with interstate commerce, nexus rules and different state laws that complicate e-commerce matters. Mr. Nelson has years of experience handling all accounting and tax issues in the Amazon world. Tim has been handling bookkeeping and taxes for Amazon sellers for over 10 years. He has many happy clients who are Amazon sellers and continues to exceed their expectations handling bookkeeping and tax return filing needs. In addition, Mr. Nelson provides his Amazon clients an analysis of all fees being charged to their business along with a monthly balance sheet and profit/loss statement so they can have a clear understanding of how their business is doing throughout the year. Timothy E. Nelson is based in Westchester County but has clients all over the country. Mr. Nelson is committed to working closely with all clients, providing quality services and taking care of all their individual accounting needs.

Selecting a Business Entity Type

Starting a business is an exciting time in one’s life. The initial choice a client makes as to how to classify a business has imminent tax implications. With the right financial and business advisor, you can make the right decision for your budding entity. Mr. Nelson has the years of experience you need to help you choose the best classification for your business, specifically, the one that will be financially beneficial.  Through his years of service to small businesses, Timothy E. Nelson, CPA has expertise in all business classifications, including:

• Sole proprietorships
• C or S Corporations
• LLCs

Sales Tax Laws and Payroll Tax Compliance

Timothy E. Nelson, CPA will review your business’s compliance with payroll and sales tax laws and prepare all your relevant filings in a timely and meticulous manner.

Audit Representation – IRS and State – Financial Records

Your future and current tax liabilities can be minimized by maintaining well-organized financial records.  Here are just a few of the ways Timothy E. Nelson, CPA assists with these records:

• Reconciling Bank Accounts
• Profit & Loss Statements
• Income Statements
• Balance Sheet Maintenance
• General Ledger Maintenance
• Payroll Monitoring

Timothy E Nelson’s mission is to assist clients who need to take legal advantage of the complex and continually changing tax laws for their unique personal and business needs.