Business Planning & Accounting

At DeFreitas & Minsky, LLP we specialize in providing a variety of customized services to businesses of all sizes, and in every industry. We look beyond the numbers to see opportunities, challenges, and solutions in every engagement.

Family & Closely Held Businesses and Their Owners

Service to family-owned and closely-held businesses represent the foundation upon which DeFreitas & Minsky, LLP was built. We have extensive experience working with diverse businesses of all sizes in diverse industries.

Our expertise paired with innovation, communication, and teamwork allows us to add value to our client’s business and drive results. We take great pride in helping our clients grow and achieve success.

Our Services Include:

  • Formation and entity creation
  • Tax planning and preparation for federal, state, and local filings
  • Partnership and corporation tax filings
  • Foreign tax planning and tax filings
  • Tax-optimized distribution and strategies for owner withdrawals
  • Sales and use tax compliance
  • Business valuation
  • Business advisory
  • Business assurance
  • Business planning
    • Advice on ownership structure and ownership changes
    • Succession planning
    • Mergers and divisions
    • Internal share transfers
Accounting Services Include:

  • Bookkeeping
  • Payroll
  • Financial statement audits, reviews, and compilations
  • Attestation services
  • Budget analysis and preparation
  • Financial projections and forecasts

Bookkeeping Services at a Glance

Meaningful, well-organized financial records ensure your business operations will run more efficiently on a daily basis and are the foundation of a successful business. Whether you’re looking for basic outsourced accounting services to free up your time or strategic business planning to grow your business, our team of experienced CPAs are here for you.

Our Bookkeeping Services Include:

  • Review of monthly, quarterly, and annual transactions
  • Preparation of financial statements
  • Budgeting and cash flow analysis
  • Monitoring performance indicators
  • Reconciling financial statement with bank statements

Payroll + Tax through our partnership with ADP

Processing payroll, filing taxes, and addressing compliance challenges are a breeze with our automated services.

  • Payroll backed by live 24/7 support
  • Worry-free tax filing
  • On-the-go mobile access
  • Simple time and attendance tracking tools
  • Integrated worker’s compensation insurance with payroll
  • Streamlined general ledger integration with popular accounting software’s
Why Take Advantages of Payroll Services?

  • Become more cost effective
  • Save time and stress
  • Your payroll checks prepared and printed on time, every time
  • User friendly, easy to understand monthly, quarterly, and annual payroll tax reports, including W-2, W-3, and 1099 forms
  • Detailed reports on your employee’s vacation, sick days, and personal days accruals

Small Business Succession

When you own the business it isn’t just a matter of not wanting to go into the office anymore. Working with family, specifically dealing with the deep-rooted relationships and obligations, complicates the transition. You have to be ready to discuss the harder topics like aging, death, and financial affairs, in order to maintain control and profitability in your business. Comfortable or not, succession planning should be a priority for any family business considering that more than seven out of ten family-owned businesses fail to survive the transition from founder to the second generation.

There are many reasons to have a well-established plan in place ahead of time — but let’s take a look at two of the big ones:

Taxes: You don’t want to leave your family to deal with your outstanding finances. Upon an owner’s death, estate taxes may be due. These taxes are due nine months after the date of the death. The payment for these taxes is in cash, and estate taxes may include additional costs including probate, final expenses, and additional fees.

Business Value: With the absence of a small business succession plan, what happens to your business in the interim may greatly harm its value. Think about an accounting company that does not have a successor. As the family of the owner tries to work through their affairs, clients are not getting the service for which they originally paid. The business your family worked so hard to build is slipping through the cracks.

Developing and implementing a well-designed small business succession plan is essential to the survival of a family business from one generation to the next. We help you with these key issues:

  • Who will take ownership? Are you going to keep the business in the family? Will you sell it to a third party? We help you understand the pros and cons of each option.
  • Who’s going to run the business when you’re gone? Management and ownership are not the same. You may decide to transfer the management of your business to just one of your children but transfer equal shares of business ownership to all your children, whether they’re actively involved in the business or not.
  • Making it fair. Transferring family ownership often adds a tremendous amount of stress to individual family members. We talk with each of the family members to ensure that they feel they a getting an equitable and fair share of the pie.


Our team strives to collect all relevant and necessary information from your company to keep you financially stable. We are very hands-on when it comes to working on Business Tax Planning and Preparation with clients. Our team finds it of the utmost importance to keep up-to-date with all new laws, which give us an advantage over other tax services. However, our extensive database and wide range of clients, including not-for-profit organizations and large corporations allow us to design tax plans for each type of company or organization.

Our tax services are not just about tax returns. It is vital for any company to keep up-to-date with monthly taxes and prepare for the upcoming tax season. This ensures the tax return process will be highly efficient and give you the best possible outcome. Our Business Tax Planning and Preparation services include:
Family & Closely Held Business Consulting
Sometimes family members have differing opinions based on major changes within the business. Our accountants act as unbiased third-party members to resolve any matters.

Save time and let us handle the bookkeeping. We can prepare and analyze any financial statements you have. Our accountants provide software evaluation and implementation for your company. Bookkeeping can be done as often as our clients see it necessary, we also can assist with bank reconciliations. We have the ability through advanced software to use keep your books up to date using your software or ours.

Business Assurance
Protect your financial aspects through our business assurance program. Our financial reporting will prevent any monetary issues. If audits do occur, we help our clients to the fullest extent.

Business Planning
When planning for the future of any business, the right action is necessary. The planning that we provide to our clients includes projections and forecasts, management planning, compensation and incentive, financial and succession planning.

Tax Services
Throughout the year, our accountants are on call to help you benefit from the ever-changing tax laws and advise on the decisions necessary when running a family-owned business. We analyze and plan your federal and state tax filings. As well as, monitor sales and use tax compliance and business tax planning and preparation.

Business Advisory Services
Let us keep your business safe and secure. Our business advisory services include business valuation, debt analysis, loan proposals, transaction negotiations, stock transfers, and turnaround assistance.


Our accounting services are created to manage low-risk outcomes, improve company performance, and stay compliant. Our CPAs will create a customized plan, specific to each client and company.

Using the most accurate methods and secure software, we will find the right solution at a cost-effective and timely rate. We ensure our clients the most beneficial recommendations for their companies. In turn, our clients’ companies will gain financial strength.

Planning for annual taxes isn’t the only time that your business needs to count on the services of a highly-skilled, experienced accountant.

The tax professionals at DeFreitas & Minsky, LLP aren’t just the guys you bring your 1040 to in the first couple of weeks in April; we’re here for you all-year-round to ensure that you’re heading in the right direction.

Accounting and financial statement services play a huge role in maintaining a business. We work with you as your financial partner to help you plan your cash flow, determine financing needs, develop forecasts and projections and provide additional recommendations and suggestions to help your company become more efficient and profitable.

Our accounting services specialize in a number of financial statement procedures:

When a client needs little assurance with financial statement preparation, our CPAs help to lead clients on the right financial path.

Reviews occur when a client needs limited assurance to make sure their financial statements are to the best of its capability. Our analytics will identify trends or anything that is not beneficial and correct them.

Our CPAs provide the highest level of assurance for our clients. Applying tests and procedures allow us to conclude any financial statements that will only help our clients’ companies.

Business Tax Planning Long Island
Some of the accounting services that we provide include:

  • Attestation Services
  • Budget Analysis and Preparation
  • Financial Projections and Forecasts
  • Financial Statement Audits, Reviews, and Compilations
  • Payroll and Accounting Services
  • Bookkeeping

DeFreitas & Minsky, LLP provides  accounting and financial statement services for, but does not exclude, Long Island and the Greater New York Area.

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Get In Touch

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30 Jericho Executive Plaza
Suite 500W
Jericho, NY 11753

Call Us


(516) 746-8679


Mon thru Fri | 9am - 5pm
Sat & Sun | Closed