Business Details
Trusted Accounting & Tax Services in Mineola, NY
Abid CPA is a full-service accounting firm dedicated to providing comprehensive financial solutions tailored to the unique needs of businesses, sole proprietors, and individuals. Our team prioritizes a hands-on approach, combining proactive tax planning with meticulous attention to detail to help clients minimize liabilities and optimize financial outcomes. With decades of combined experience in public accounting and private sectors, our CPAs stay current on evolving tax laws to deliver strategic, forward-thinking advice. We specialize in tax preparation, audit services, financial planning, and technology consulting, ensuring clients maintain compliance while achieving long-term goals. Our commitment to personalized service extends to retirement planning, education funding strategies, and real estate audit expertise, particularly for co-ops and condos.By handling day-to-day accounting operations, we empower business owners to focus on growth while we ensure accurate financial reporting and streamlined processes. Our internal control procedures guarantee professional, error-free financial disclosures that uphold your business's credibility. Through tax resolution services, we advocate for clients facing IRS or state tax challenges, offering support with audits, payment plans, and compliance solutions. Our technology consultants help businesses select optimal software and systems to maintain a competitive edge in today's fast-paced environment. We measure success by the trust clients place in our expertise and the tangible financial benefits we deliver.
Services
Tax Preparation
Accounting Services
Tax Resolution
Financial Planning
Audit Services
Technology Consulting
Highlights and features
- We offer proactive tax planning to minimize current and future liabilities.
- Our CPAs combine decades of public and private sector experience.
- We specialize in real estate audit services for co-ops and condos.
- We provide personalized financial planning for retirement and education funding.
- Our team handles day-to-day accounting to let business owners focus on growth.
Services
Tax Preparation
Our CPAs provide accurate, up-to-date tax return preparation for individuals and businesses. We thoroughly review filings to ensure compliance with federal, state, and local tax laws while identifying deductions to minimize liabilities. Our proactive approach includes year-round tax planning to optimize financial outcomes for personal and corporate clients.
Audit Services
We deliver comprehensive audit assurance for businesses, nonprofits, and real estate entities. Our services verify financial statement accuracy, satisfy stakeholder requirements, and ensure compliance with regulatory standards. Specializing in co-op and condo audits, we help clients maintain transparency while meeting banking covenants and investor expectations through rigorous examination processes.
Tax Resolution
Our experts handle tax disputes with the IRS, NYS, and NYC authorities. We assist with audit defense, payment plans, and offers in compromise to resolve back taxes. The Fresh Start Program support helps clients regain compliance while minimizing penalties, leveraging our deep understanding of tax code complexities to protect client interests.
Financial Planning
We create customized plans for retirement and education funding, analyzing assets and risk tolerance to develop savings strategies. Our services identify retirement income gaps, optimize college savings plans, and provide actionable steps to meet long-term financial goals through personalized consultations and ongoing adjustments.
Accounting Services
We manage monthly or quarterly accounting operations including bank reconciliations, income statements, and balance sheets. Our services maintain accurate financial records, streamline bookkeeping processes, and provide unlimited consultations to ensure business owners have real-time financial insights for informed decision-making.
People
Moeed Abid
CPA
Moeed Abid holds a bachelor's in accounting from Queens College and a master's in taxation from SUNY Old Westbury. With extensive experience in public accounting and private sectors, he specializes in educating business owners about tax regulations and providing strategic tax advice to minimize liabilities.
Ouneeb Abid
CPA
Ouneeb Abid earned bachelor's and master's degrees in accounting from Queens College. As a senior accountant at midsize firms, he gained expertise in small business tax planning and nonprofit audits before co-founding Abid CPA. He oversees assurance services and client consultations for efficient financial processes.
Questions
What accounting services do you offer for small businesses?
We provide bookkeeping, financial statement preparation, audit assurance, and tax compliance services tailored to small businesses, including monthly reconciliations and unlimited consultations.
How do you help with tax planning for individuals?
Our CPAs analyze your financial situation to identify deductions, optimize retirement contributions, and implement strategies that reduce current and future tax liabilities through proactive planning.
Can you assist with IRS tax debt resolution?
Yes, we represent clients in IRS audits, negotiate payment plans, and help qualify for offers in compromise or the Fresh Start Program to resolve tax debt issues.
Do you specialize in any specific industries?
We have particular expertise in real estate audits for co-ops and condos, nonprofit organizations, and small business tax planning across various sectors.
What are your office hours for in-person consultations?
Our Mineola office is open Monday-Friday 9 AM-5:30 PM. Saturday appointments are available by request for client convenience.
