For all your professional
accounting needs.
accounting needs.
JA LaRossa CPA PC offer their experience, objectivity and expertise to help you efficiently allocate assets, interpret contracts, and categorize professional expenses. We recognize that each client has unique goals; we tailor our services to meet your specific needs
- and to offer a cost-effective service that will pay for itself in reduced headaches, time savings and penalties avoided.
ABOUT
Manhattan-based JA LaRossa CPA PC handles clients in a variety of different industries with a focus on music and the entertainment fields, real estate management, small business and high net worth individuals.
The firm has evolved over the last 80 years. It was David Chase CPA PC when John LaRossa started work out of college; in 1988 John became a partner, and the firm's name was Chase, LaRossa CPA PC until David Chase retired in 1999 - at which time the firm became known as it is now, JA LaRossa CPA PC.
We service clients throughout the United States, including foreign-owned US entities. John LaRossa CPA, the sole owner, holds a B.A. in Accounting and has been practicing since 1980. He is a former Chairman and current member of the Entertainment, Arts & Sports Committee of NYSSCPA.
JA LaRossa CPA PC provides expert services in Business Management and Tax consulting, in preparation of business, individual and other entity tax returns, forensic accounting, Royalty audits, Musical Copyright Evaluation, IRS representation, Sales tax audits, Employee Retention Credit, PPP loan forgiveness and payroll processing. The firm has a reputation in providing quality services with attention to details and a quick response time to client’s questions when asked.
The firm has evolved over the last 80 years. It was David Chase CPA PC when John LaRossa started work out of college; in 1988 John became a partner, and the firm's name was Chase, LaRossa CPA PC until David Chase retired in 1999 - at which time the firm became known as it is now, JA LaRossa CPA PC.
We service clients throughout the United States, including foreign-owned US entities. John LaRossa CPA, the sole owner, holds a B.A. in Accounting and has been practicing since 1980. He is a former Chairman and current member of the Entertainment, Arts & Sports Committee of NYSSCPA.
JA LaRossa CPA PC provides expert services in Business Management and Tax consulting, in preparation of business, individual and other entity tax returns, forensic accounting, Royalty audits, Musical Copyright Evaluation, IRS representation, Sales tax audits, Employee Retention Credit, PPP loan forgiveness and payroll processing. The firm has a reputation in providing quality services with attention to details and a quick response time to client’s questions when asked.
SERVICES
As part of an overall personal financial management package, JA LaRossa CPA will assist as business managers in the day-to-day business details such as organizing bills, preparing checks, and managing cash flow. Additionally, insurance assessment and placement, as well as on-going tax planning form a part of our blanket approach. Each month clients receive a statement of all deposits made and checks drawn and the firm issues full financial reports quarterly.
FAQ
Q: My company's books are a nightmare. Can you please help me with that? Where do I start?!
A: As a small business owner you have more important things to do than to keep your own books. Each month or quarter we will take care of the following things for you:
A: As a small business owner you have more important things to do than to keep your own books. Each month or quarter we will take care of the following things for you:
- Reconcile your bank account
- Generate an income statement
- Generate a balance sheet
- Clean up your general ledger
Q: What's bank reconciliation? Why do I need it?
A: Reconciling your business checking account each month allows us to keep your bank account, accounting, and taxes up-to-date by:
A: Reconciling your business checking account each month allows us to keep your bank account, accounting, and taxes up-to-date by:
- Identify lost checks, lost deposits and unauthorized wire transactions.
- Detect and prevent excess/unjustified bank charges and ensure transactions are posted correctly by your bank.
- Detect and prevent embezzlement of funds from within your company.
- Know how your business is doing? You can't really know unless all accounts are reconciled and properly accounted for on your financial statement.
- Manage your cash more effectively. Proper management of funds not only saves money, it makes money for you.
- Protect yourself. By timely reconciling and promptly objecting to your bank about any unauthorized, fraudulent or forged checks presented to your bank and paid by that bank, you can relieve your agency of responsibility for the shortfall and transfer the risk to the bank. This reason to reconcile alone should be enough. Crime exists.
- Sleep Better. You will sleep more peacefully at night knowing your bank accounts are reconciled, in balance and that all escrow funds, accounts, checks and disbursed funds are properly accounted for.
Q: What's income statement, and how can you help with it?
A: An income statement, otherwise known as a profit and loss statement, basically adds an itemized list of all your revenues and subtracts an itemized list of all your expenses to come up with a profit or loss for the period. An income statement allows you to:
A: An income statement, otherwise known as a profit and loss statement, basically adds an itemized list of all your revenues and subtracts an itemized list of all your expenses to come up with a profit or loss for the period. An income statement allows you to:
- Track revenues and expenses so that you can determine the operating performance of your business.
- Determine what areas of your business are over-budget or under-budget.
- Identify specific items that are causing unexpected expenditures. Like phone, fax, mail, or supply expenses.
- Track dramatic increases in product returns or cost of goods sold as a percentage of sales.
- Determine your income tax liability.
Q: Why do I need a balance sheet?
A: A balance sheet gives you a snapshot of your business' financial condition at a specific moment in time. A balance sheet helps you:
A: A balance sheet gives you a snapshot of your business' financial condition at a specific moment in time. A balance sheet helps you:
- Quickly get a handle on the financial strength and capabilities of your business
- Identify and analyze trends, particularly in the area of receivables and payables. For example, if your receivables cycle is lengthening, maybe you can collect your receivables more aggressively
- Determine if your business is in a position to expand
- Determine if your business can easily handle the normal financial ebbs and flows of revenues and expenses
- Determine if you need to take immediate steps to bolster cash reserves
- Determine if your business has been slowing down payables to forestall an inevitable cash shortage
Q: Maintaining a clean general ledger
A: The general ledger is the core of your company's financial records. Since every transaction flows through the general ledger, a problem with your general ledger throws off all your books.
We will review your general ledger system each month which allows us to hunt down any discrepancies such as double billings or any unrecorded payments. Then we will fix the discrepancies so your books are always accurate and kept in great standing.
A: The general ledger is the core of your company's financial records. Since every transaction flows through the general ledger, a problem with your general ledger throws off all your books.
We will review your general ledger system each month which allows us to hunt down any discrepancies such as double billings or any unrecorded payments. Then we will fix the discrepancies so your books are always accurate and kept in great standing.
TESTIMONIALS
CONTACT
Phone
(212) 594-9195
CALL NOW
Fax
(212) 465-9907 Email:
John@JaLaRossaCPA.com Address:
505 8th Avenue
New York, NY
10018-6505
Fax
(212) 465-9907 Email:
John@JaLaRossaCPA.com Address:
505 8th Avenue
New York, NY
10018-6505