Dependable Tax Form Preparation and Filing

Accounting Consulting Services LLC’s owner, Francis Fenwick, is a licensed CPA in New York since November 1983. He brings over 40 years of accounting and auditing experience to the table.  

Francis holds a Bachelor’s degree in Accounting and Finance from Fordham University, a Master’s degree in Accounting from Long Island University CW Post Campus, and a Forensic Accounting Certificate from Southern New Hampshire University.  

We reviewed a new client’s prior tax return and discovered significant errors related to the reporting of a home sale and the client’s son’s tuition tax credit. By filing an amended tax return, our client received a substantial refund and was able to get their tax affairs back in order. Today, we handle taxes for their entire family. 

Another client had been underpaying estimated taxes for years due to a miscalculation on their NJ property tax deduction. We rectified the error and helped the client form their rental property business while minimizing liability exposure.

We continue to provide ongoing support, including discussions on asset depreciation and estimated tax payments, leading to a significant reduction in IRS letters and penalties. 

We have provided crucial support for clients who attempted to handle their taxes on their own using software like TurboTax. By thoroughly reviewing their financial situation, discussing additional sources of income and expenses, and addressing rental property concerns, we were able to maximize tax savings through business treatment of consulting income and tax-advantaged depreciation. 

In another case, a new client sought our assistance in correctly handling their newly acquired rental property in TurboTax. After discussions, we discovered additional tax issues, such as late IRA contributions and missed 1099 investment issues. Our thorough review and strategic advice resulted in reduced taxes through tax-advantaged depreciation and a solution for the late IRA contribution issue.