Certified Public Accountants
Trusted professionals servicing New York and the Metropolitan area for more than a half century.
Professional Services
Rynkar, Vail & Barrett is a full service CPA firm, and, as such, we provide to our business clients the traditional public accounting services, including audits and reviews of financial statements, compliance filings and tax preparation, and business and financial advisory services. Our services to individual clients include estate and family succession planning, financial advisory services, and income tax planning and preparation.
1. Tax Services:
Business and personal income tax planning, tax compliance filings for businesses, individuals and non-profit organizations, and audit and appeals representation before federal and state tax authority.
Tax Planning
Rynkar, Vail & Barrett provides tax planning services to help our clients meet business and personal objectives while minimizing tax costs. Effective tax planning requires knowledge and experience in tax law, rules and regulations.
Recognizing the special needs of this area, our firm has created a Tax Planning Group. This group is comprised of professionals with extensive tax planning knowledge and who concentrate their efforts in this area.
To keep abreast of the most current tax laws, our firm maintains an up-to-date library of federal and state laws, rules and regulations, and we subscribe to the profession's leading tax services. Our library is comprised of a series of searchable computer-based programs. Additionally, members of our Income Tax Planning Group are active in professional tax planning organizations and regularly participate in tax planning seminars.
Tax Compliance and Reporting
Tax compliance and reporting includes preparing and reviewing tax returns and other required reports in accordance with federal, state and local law. Rynkar, Vail & Barrett provides compliance services for:
•Individuals
•Partnerships
•Corporations
•Trusts
•Estates
•Retirement Plans
•Not-for-Profit Organizations
•Political Entities
•Governmental Entities and other regulated organizations
Our goal is to ensure that each client pays no more tax than the law requires. This requires extensive knowledge and experience in tax law, rules, and regulations as well as knowledge of specific industry issues facing each client. As our partners' profiles indicate, our firm clearly possesses such knowledge and experience.
Tax Audit and Appeals Representation
Rynkar, Vail & Barrett provides services to clients whose tax returns are being examined by the Internal Revenue Service or other taxing authorities. We assist our clients throughout the examination process, from the initial contact through administrative appeal levels.
Proper representation is critical to a favorable conclusion of an examination. A professional must have knowledge of tax law, rules and regulations, access to a library of tax pronouncements and court cases that have set precedents, as well as the interpersonal skills to communicate effectively with the examiner.
Rynkar, Vail & Barrett has a history of successfully representing our clients' tax positions before federal, state and local taxing authorities. We have the knowledge, tools, and skills to minimize the cost and time burdens that an examination or appeal can place on our clients.
2. Estate and Succession Services:
Estate and business succession planning, preparation of estate tax, gift tax and fiduciary income tax returns, fiduciary accountings, and estate and trust administration.
Planning
Rynkar, Vail & Barrett provides estate and business succession planning services to help our clients maximize the value of their estates that will pass to their intended beneficiaries while enabling them to continue their current standards of living and ensuring minimal disruption to their business operations.
Effective planning requires knowledge and experience in tax law, rules and regulations. It also requires familiarity with a client’s personal, family, financial and business circumstances, as well as a client’s complete trust. We are confident that Rynkar, Vail & Barrett meets these requirements.
Members of our Tax Planning Group meet with our clients to gain a full understanding of their financial goals and needs. The group then conducts periodic, structured planning meetings and discussions. As preliminary ideas and concepts develop, they are tested through comprehensive short/long range cash flow and tax projections. Specific plans are then approved by the client, initiated and carefully monitored.
Estate Administration and Reporting
Rynkar, Vail & Barrett provides services to assist fiduciaries and attorneys administer estates in the most time and cost effective manner. The knowledge and experience of our Estates and Trusts Group of estate accounting and estate and fiduciary tax law, rules and regulations enables us to assist our clients in meeting their fiduciary responsibilities of proper accounting, reporting and distribution of estate assets.
3. Accounting Services:
Financial reporting, analytical review, budgeting and special purpose financial analyses.
Accounting Services
Rynkar, Vaily & Barrett provides year-round accounting services to our individual and business clients. These services include:
•Review of accounting records for potential errors and irregularities
•Financial statement preparation
•Analysis of financial statements and results of operations
•Budget preparation and analysis
•Evaluating financing alternatives
•Preparation of tax returns
Working closely with our clients throughout the year provides assurance that their financial data is current and accurate. It also provides a means of distributing accounting work throughout the year to alleviate the “year-end-crunch”.
Frequent communication allows us to keep apprised of our clients’ operations. We recommend that our clients contact us before undertaking major financial or managerial decisions. This practice has put our firm in the position of offering timely and effective advice, thereby avoiding unanticipated financial and tax results.
4. Audit and Attest Services:
Commercial, governmental and not-for-profit audits and reviews, internal control studies, special investigations, and industry specific reports.
Audit and Attest Services
When stockholders, investors, bankers or reporting agencies review financial statements, they want assurance that the information is reliable. To gain this assurance, they rely on the opinion of a qualified and experienced Certified Public Accountant.
Rynkar, Vail & Barrett’s name is well known and respected by commercial, banking and governmental entities. Our extensive experience in audit and attestation services enables our clients to meet their financial reporting requirements, strengthen internal controls, more fully understand all financial aspects of their businesses, and secure the additional funds needed to grow their business.
Business Advisory Services
A CPA is often one’s best source for advice and assistance with business decisions. The reason is simple. Knowledge, experience and trust.
At Rynkar, Vail & Barrett, we become involved in all areas of our clients’ businesses. We know their current financial situation and their future goals. We know what others in their business or industry are doing. We know the potential tax implications of their options. We have a history of successfully helping our clients weigh their options and implement their decisions.
Our business advisory services include:
•Compensation planning including retirement plans and fringe benefits
•Liaison with banks and lending institutions for financing needs
•Business reorganizations
•Computer system advisory service
•Closely-held business planning and more
Our clients are in the following industries:
Law Firms
Real Estate
Non-Profit Organizations
Manufacturing
Transportation & Storage
International Shipping
Export/Import
Construction
Entertainment
Fiduciaries
Service Businesses
Cooperative Housing
Government Units
Political Entities
Engineering & Architecture
Hospitality Industry
Wholesale & Distribution
Securities
Family Offices
