Closely Held businesses are a major economic force in America today. According to the SBA, the 24 million closely held businesses account for 89% of total business entities, and employ more than 82 million people.  But these closely held  businesses have unique concerns and accounting requirements. The finances of the business and the owners are often highly entwined. Often, the business represents a large share of the family's wealth and future security. Business loans are secured by the owners assets. Cash flow has a major impact on the owners personal lifestyle. Because of these factors, it is especially important that closely held businesses have a relationship with an accounting and financial management firm they trust and feel comfortable working with.

For 60 years, SL&C has come to understand the particular dynamics of the closely held business. We take the time to build consensus among the stakeholders. We assign each client a dedicated team, so that we can come to truly know their family members, operations, and business and personal goals. The SL&C objective is to build a lasting, trusting relationship so our clients feel comfortable asking us any question or turning to the team with any challenge.

SL&C assists our clients throughout the entire business life cycle, from formation and choice of an appropriate entity, through expansions and acquisitions, to succession planning and planning for transitions and  or sales.

• Start-up assistance
• Accounting services
• Implementation and upgrading accounting and computer systems
• Audits, reviews and compilations
• Business tax preparation and compliance services
• Tax planning and consulting
• Business advisory and evaluation services
• Employee benefit plans
• Business valuations
• Litigation support
• Succession and planning
• Risk management
• Wealth management solutions
• Cash flow forecasts
• Mergers and acquisitions

Not-for-Profit Organizations operate under unique conditions with unique demands. They often work with limited budgets and have to comply with special requirements to maintain their tax exempt status.

At SL&C, our experts understand the needs of these organizations. We help our not-for-profit clients meet their financial and business challenges while they continue to grow. We offer financial advice and accounting services to social and human services organizations, private schools, museums, foundations, industry and trade associations, religious organizations as well as  colleges and universities.

Our services include:

• Applications for exempt status with the IRS 
• Audits, reviews and compilations
• Audits in accordance with OMD Circular A-133
• Bookkeeping and accounting system design
• Assistance in developing accounting procedures and practices
• Strategic planning and budgeting
• Preparation of Form 990 information returns and appropriate state filings
• Planned Giving strategies
• Grant compliance
• Working with volunteer board of directors
• Consulting on Neighborhood Assistance Program credit applications
• 403(b) Employee benefit plan audits and administration
• Audit of Consolidated Fiscal Reports (CFR)
• Internal audit services

Government agencies at every level-locally and nationally-are facing pressure from all sides. Their constituents want them to respond more quickly and efficiently while they're dealing with compliance issues, maxed-out resources and tight budgets. They need to improve their operations while simultaneously lowering costs.

That's where Satty, Levine & Ciacco, CPAs can help. Our experts understand the special reporting requirements for government agencies. We can also assist agencies in managing their finances, get the right accounting software to meet their needs and, ultimately, improve their efficiencies and reduce budgets.

Our services include:

• Audits of financial statements
• Implementation of GASB 45
• Bookkeeping and accounting system design
• Assistance in developing accounting procedures and practices
• Strategic planning and budgeting

Since 1949 SL&C has served the retail sector with experience, business acumen, technical skills and a dedication to understanding the unique situation facing retailers in a constantly changing business climate. SL&C's retail clients benefit from the depth of experience of the professionals in the Retail Industry Services Group. The SL&C Retail Industry Team offers real world experience gained from working with clients ranging from $1 million to $350 million, across a range of sub-niches from clothing and jewelry stores, pharmacies and supermarkets, as well as franchises in the food services industry, among others.

This expertise enables us to work closely with clients, earning their trust and delivering exactly the scope of services that they find most relevant.  Our team is involved in several industry trade associations and is knowledgeable about the trends and changes that are impacting our clients in this sector.

Our Services Include:

• Accounting services
• Assistance in Inventory Management, Controls, Observation, and Counting   
• Implementation and upgrading accounting and computer systems
• Audits, reviews and compilations
• Business tax preparation and compliance services
• Tax planning and consulting
• Cash flow forecasts
• Point-of-Sale accounting services
• Business advisory and evaluation services
• Employee benefit plans
• Wealth management solutions
• Succession planning
• Business valuations
• Mergers and acquisitions
• Forensic Accounting
• Litigation support

The construction industry is diverse and complex, operating on many levels, both in the field and in the office. For effective and profitable management, a construction company needs professionals who can offer financial expertise for their individual needs. At Satty, Levine & Ciacco, CPAs, we combine strong industry and sector experience with acute business and analytical skills.

Our Construction Specialist Team understands the specific needs of the industry. We've been working with general contractors, construction managers, specialty trade contractors, homebuilders and architectural and engineering firms for 60 years. Our experts are active members in numerous construction and engineering trade associations, presenting seminars and articles specific to the construction industry.

We offer a variety of services for all aspects of the construction industry, including:

• Audits, reviews and compilations
• Accounting and financial management assistance
• Obtaining financial assistance and Bonding
• Budgeting
• Profit improvement and enhancement consulting, including contract profitability and job cost control
• Bidding and estimating
• Contract claims consulting
• Forensic accounting services
• Litigation consulting and expert witness testimony
• Mergers and acquisitions
• Strategic planning
• Tax planning, projections and preparation
• Analysis of sales, use, excise and personal property tax savings
• Estate planning for executives and business owners
• Business continuation planning

The real estate industry spans many aspects including real estate development to management to sales organizations. Each of these activities faces its own financial challenges and compliance issues. Since 1949, the professionals at SL&C have been helping real estate industry clients comply with tax and governmental regulations, manage their business operations, improve their cash flow and enhance their bottom line.  Our experts are recognized industry wide and have presented seminars and written many articles including NYS Empire Zones, Green Building Tax Credit and Like-Kind Exchanges.

Our services include:

• Audits, reviews and compilations, including those subject to the reporting requirements of the U.S. Department of Housing and Urban Development (HUD) and cost certifications
• Cash flow analysis and forecasts
• Tax services, including return preparation, entity selection considerations, project analysis, tax-free exchanges, transaction assistance and analysis, passive activity rules, alternative minimum tax (AMT) issues, cost segregation and representation before the IRS
• Federal and state tax credit programs
• Ownership considerations, including business continuation and transition, formulating exit strategies, employee relationships, and mergers and acquisitions
• Personal tax services, including alternative minimum tax considerations, capital gains, installment sales and individual tax return preparation
• Estate planning, including charitable remainder trusts, family limited partnerships, gifting strategies and asset transfers
• Operational improvement services, including operational manuals, human resources management, compensation programs, operational reviews, internal control reviews and accounting system selection
• Assistance with the interpretation of complex financial reports
• Litigation support

All of us have something in common - each of us devotes energy to providing services for our clients. With service being the foundation of our business, we understand that your financial needs are sometimes complicated. We want to help watch over your financial future so that you can focus on running your business.

For over six decades we have served creative service companies including - architectural, engineering and law firms, advertising, marketing and public relations companies, and healthcare providers and affiliates. Our offerings are designed to improve the financial well-being of your business.

Whether you are a small start-up operation or a large established group, Satty, Levine & Ciacco applies our experience and resources to bring you service-centered solutions that are customized to meet you directly at the cross road of your success. We help you identify opportunities to achieve your goals and build your company. After all, it's our business to know yours!

• Start-up assistance
• Accounting services
• Audits, reviews and compilations
• Business tax preparation and compliance services
• Tax planning and consulting
• Business advisory and evaluation services
• Employee benefit plans
• Business valuations
• Litigation support
• Succession and ownership transfer planning
• Assist with risk management
• Wealth management solutions
• Cash flow forecasts
• Mergers and acquisitions

Since it's inception, Satty, Levine & Ciacco has been assisting manufacturing and distribution companies in the NY Metro Area. Using a client service team approach, we can provide you with a variety of financial, tax and information management services that compliment your business objectives and increase profitability.

Businesses such as yours face significant marketplace challenges - increasing competition, process improvement demands, and changes in industry standards and regulations. We understand those challenges and have a dedicated team of professionals that can provide innovative and proven strategies to help you maximize opportunities.

• Inventory management and controls
• Cash flow forecasts
• Business tax and compliance services
• Tax planning and consulting
• Business advisory and evaluation services
• Process improvement and cost analysis
• Accounting services
• Capital budgeting and analysis
• Audits, reviews and compilations
• Cost segregation studies
• Inventory capitalization rules
• Business valuations
• Succession and ownership transition planning
• Mergers and acquisitions
• International tax matters
• Litigation support
• State, local and property tax issues
• State and local incentive programs

When it comes to taxes, both individual and business, proper planning is the key to financial success. At Satty, Levine & Ciacco, our tax professionals know how to maximize your tax benefits, while also minimizing future problems.

We take the time to understand each client's individual situation and then apply our knowledge of the changing tax environment to help you make the best decisions. We constantly monitor tax legislation, regulations and court rulings so we can provide the most effective tax planning for the future of your family finances.

We also understand the importance of filing your taxes correctly and timely. Our experts review what you've done in the past and offer ideas and options to lower your taxes in the future. We can then efficiently prepare your tax return.

Individual tax services include:

• Preparation of individual Federal and state tax returns
• Analysis of the tax consequences of specific transactions, including recommendations and alternatives to achieve the best after-tax results
• Personal financial planning
• Estate and retirement planning
• Valuation for estate, marital and probate matters
• Estimated tax planning
• Coordinate alternate tax planning between you and related entities
• AMT planning