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Contact
Padilla & Company
Phone: (718) 558-5858
Fax: (718) 558-0608
E-mail:
info@padillacpa.com |
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OUR SERVICES
"We are in the age of
helping our clients transform for the best."
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Padilla &
Company, LLP is committed to providing prompt
and quality service to satisfy our clients.
Quality for us means observing the principles of
serving the public interest and maintaining the
highest degree of integrity, objectivity and
independence. Our engagements are conducted with
the utmost level of professionalism.
Auditing and Accounting Services
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Taxation
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Management Consulting |
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Auditing and Accounting Services
Padilla & Company, LLP offers a range
of auditing and accounting services, reviews,
compilations and other attestation engagements of
financial statements, as well as performance and
compliance audits.
Our independent evaluations of financial statements are
conducted at three levels: |
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Audit |
By means of applicable standards, provides
reasonable assurance on the fairness of the
statements |
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Review |
Using inquiry and
analytical procedures to express limited assurance
that there are no material modifications that should
be made on the statements |
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Compilation |
Involves presenting information, consisting of
management’s representations in the form of
financial statements, without expressing assurance
on them. |
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Our
attestation engagements include examining, reviewing and
performing agreed-upon procedures with our clients on a
subject matter and reporting on the results.
We have performed special tasks such as the review and
evaluation of internal control systems to ensure
effectiveness and efficiency of operations, reliability
of financial reporting and compliance with applicable
laws and regulations.
Padilla & Company, LLP performs audits with
strict adherence to the AICPA Generally Accepted
Auditing Standards (GAAS), GAO Generally Accepted
Government Auditing Standards (GAGAS), Statement on
Auditing Standard (SAS) 99 and other new releases of SAS,
Office of Management and Budget (OMB) Circular A-133
requirements and peer review requirements of audit. We
constantly keep ourselves abreast of the ever-changing
economic and regulatory environment of the clients we
serve. |
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Taxation
Innovative tax planning results in minimizing tax
liabilities and helps our clients to channel savings and
resources to achieving their goals.
At Padilla & Company, LLP, we help our clients
gain a competitive edge by providing them with the
knowledge of the ever changing tax laws. We tailor our
services to the tax needs of each individual,
corporation and partnership. The managing partner, a
professor of individual income and corporate taxation,
ensures that our staff is kept well-informed in the
changing tax laws
Our clients receive quality service through timely and
accurate submission of their tax returns. To facilitate
the timeliness of each return, we employ the latest tax
software – Drake and ATX.
Padilla & Company, LLP provides financial
planning for clients with the assistance of various
financial institutions such as Morgan Stanley, Merrill
Lynch, New York Life and other known brokers. Through
these partnerships we are able to maximize benefits for
our clients. |
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Management Consulting
 At
Padilla & Company, LLP, we understand the
complexity of running a small business. We work closely
with our clients to analyze their methodology,
productivity and technology to minimize costs and
increase efficiency and performance.
Our management consulting services include budgeting,
financial, cash flow and break-even point analysis,
systems analysis and its redesign, and operational
control review and its cost benefit. We prepare market
studies and business plans. We also conduct management
training and seminars.
We assist in minority and women owned business
certification in various States and City agencies and in
the application for 8A status with the U.S. Small
Business Administration.
Padilla & Company, LLP also assists clients
through loan packaging, incorporation of their starting
businesses and the installation of accounting systems.
In addition, we assist starting not-for-profit
organizations in incorporation and obtaining tax exempt
status under 501(c)(3) of the tax code.
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