Staff Accountant Needed

 

We are seeking a full-time staff accountant to join our growing CPA Firm located in Hauppauge, New York. The position is available for an individual with up to two years of public accounting experience in preparing corporate/partnership tax returns as well as individual returns. The Firm is a member of the AICPA Practice Review Section and has an excellent reputation in the business and banking community. Our diverse client base includes professional athletes, distributors, real estate developers, construction contractors, professionals, manufacturers, and homeowners and condominium associations. The position offers direct client interaction (mostly Long Island based clients) with significant growth potential.

We have a professional and friendly atmosphere and a competitive compensation package, including employer contributions to a 401k and a ½ day workday on Fridays during the summer. Responsibilities include financial statement preparation, write-up work, tax research, tax form preparation, processing of computer generated tax reports, etc.

Knowledge of Prosystems fx Tax, Prosystems fx Engagement and Quickbooks are preferred; knowledge of Excel and Word a must.

Please email your resume with salary requirements.  mail@flcpas.com

 

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ALERT: 2016 Forms W-2/W-3 and Forms 1099-MISC must be filed by January 31, 2017

In an effort to prevent identity theft and refund fraud, there is a new filing deadline for the 2016 tax year for Form W-2 and Form 1099-MISC with non-employee compensation.  Both the Social Security Administration (“SSA”) and the IRS have increased the penalties for failure to file correct information returns by the due date.  The penalties for late filing of Form W-2 and Form 1099-MISC have increased and range from $50 to $260 per form, based on when the form is filed.

Employers will now have one filing deadline of January 31 for providing Form W-2 to employees and for submitting Forms W-2/W-3 to the SSA.  The revised due date with the SSA applies to both paper forms and electronically filed forms.

For a Form 1099-MISC with an entry in box 7 for non-employee compensation, the revised deadline for filing with the IRS for both paper forms and electronically filed forms is January 31.  The deadline for mailing Form 1099-MISC to the recipient remains the same at January 31.  The filing deadline has not changed if the 1099-MISC is filed to report any income other than non-employee compensation.  The amount included in box 7 includes payments of $600 or more for services, fees and commissions performed by an individual who is not your employee as well as unincorporated businesses.  Additionally, payments of $600 or more made to an attorney or other provider of legal services is reportable in box 7.

With this new deadline, it is important for employers to prepare early to complete year-end tasks.  You should update your records now. We recommend you verify the accuracy of employee information and that you request 1099 recipients to complete a Form W-9, if you do not already have one on file.  Form W-9 can be located at: https://www.irs.gov/pub/irs-pdf/fw9.pdf

 

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