Shaya Feferkorn, CPA
Our Services
Unlock your financial potential with our expert tax, business, and growth solutions—crafted to help you succeed today and tomorrow.
Tax Filing & Preparation
Our firm prepares federal and state tax returns across all entity types. We manage the process from document collection through final filing, keeping you informed at every stage and eliminating the stress of tax season entirely.
Tax Planning & Strategy
We work with clients year-round to develop forward-looking strategies that minimize tax liability before it arises. We create a customized tax plan that aligns your financial decisions with your long-term goals — so you are never in a reactive position come year-end.
Business Financial Consulting
Our business financial consulting services provide owners and executives with the strategic insight they need to manage operations efficiently, plan for growth, and navigate complex financial challenges. We serve as a trusted advisor — going beyond the numbers to offer actionable guidance rooted in a deep understanding of your business, industry, and goals.
Financial Planning & Reporting
We prepare comprehensive financial statements and custom management reports that present a clear, accurate picture of your financial position. Whether you need reports for internal use, loan applications, our deliverables meet the highest standards of accuracy and presentation.
Business Formation & Startup Support
We guide entrepreneurs and new business owners through the critical early steps of establishing their enterprise — from selecting the right entity type to setting up accounting systems and making initial tax elections. Our goal is to ensure your business is structured for long-term success from the very beginning, avoiding costly mistakes that are difficult to reverse later.
Growth & Expansion Planning
Our growth and expansion planning services help established businesses evaluate opportunities, model financial outcomes, and execute on their next phase of development with clarity and confidence. We provide the financial analysis and strategic counsel needed to scale sustainably and profitably.
Tax Savings Strategy
Tax Savings Strategy
Our firm conducts a thorough analysis of your financial profile to identify credits, incentives, elections, and strategies that are legally available to you — ensuring you retain the maximum portion of your income and assets permissible under current tax law.
Regulatory & Compliance Support
Regulatory & Compliance Support
Our firm helps businesses and individuals navigate the full spectrum of tax and financial compliance obligations, ensuring that all required filings are submitted accurately and on time. We monitor regulatory changes relevant to your situation and proactively alert you to new requirements, so you are always in good standing with the appropriate authorities.
IRS Representation & Resolution
Our firm provides experienced representation on behalf of individuals and businesses in all matters before federal and state tax agencies. We assess your situation, develop a resolution strategy, and communicate directly with tax authorities on your behalf — so you can focus on your life and business while we handle the process from start to finish.
A Benefit / Feature
Beyond Our Core Services
Beyond our main offerings, we provide tailored guidance to address the unique needs of your business and personal financial goals. This includes assistance with complex tax issues, estate and retirement planning, and navigating regulatory compliance. We also offer industry-specific consulting and strategic advice to help you stay competitive and grow effectively. Our team is dedicated to providing proactive, innovative solutions that support your long-term success. Contact us to learn more about how we can customize our services to best serve your needs.
FAQ
What happens if I miss the tax filing deadline?
If you miss the federal tax deadline without an extension, you face a failure-to-file penalty of 5% per month, up to 25%. Owing taxes past the deadline also results in a failure-to-pay penalty and interest. Filing an extension before the deadline prevents the failure-to-file penalty but doesn’t delay paying owed taxes. If you have unfiled returns or missed deadlines, our firm can assist with compliance and may help reduce penalties through abatement.
What financial report should my business be reviewing regularly?
Business owners should regularly review three key financial statements: the income statement (revenue, expenses, profit/loss), the balance sheet (assets, liabilities, equity), and the cash flow statement (cash movements). Additionally, monitoring accounts receivable, accounts payable, and comparing budget versus actual performance is important. Reviewing these reports monthly helps you make informed, timely decisions about your business.
How can I reduce penalties for late payments or filings?
We review your specific situation to determine if penalties can be reduced or waived through abatement options. We can also negotiate payment arrangements with the IRS or state agencies to prevent penalties from escalating. Our goal is to help you minimize penalties while ensuring compliance with all regulations. We handle all communications and paperwork so you don’t have to worry about the technical details. Working with us gives you peace of mind knowing your case is in experienced hands.
How do I handle back taxes or unpaid balances?
If you owe back taxes, don’t delay—contact us to assess your options. We can help you set up installment agreements or explore offers in compromise to settle your debt. Our goal is to create manageable payment plans that fit your cash flow and prevent penalties from increasing. We work to negotiate the best possible terms and guide you through the process. Our expertise ensures your back taxes are resolved efficiently and with minimal impact on your financial health.
How does an IRS Audit work and what should i expect?
An IRS audit reviews your tax return and financial records to confirm accuracy. Audits can be triggered by anomalies, high deductions, missing income, or random selection. They come in three forms: correspondence (mail), office (in-person), or field (agent visits). The process involves providing supporting documents. It’s highly recommended to have a CPA represent you, as they communicate with the IRS, protect your rights, and handle the process efficiently.
What is an S-COrporation and how can i reduce my taxes?
An S-Corporation is a tax designation that allows a business to pass its income, losses, deductions, and credits directly to shareholders, avoiding double taxation like in a C-Corp. To reduce taxes, especially for self-employed owners, an S-Corp lets you pay yourself a reasonable salary (subject to payroll taxes) and take additional profits as distributions, which are not taxed for self-employment. This structure can lead to significant tax savings, but it also involves extra compliance costs like payroll processing and corporate filings. Our firm can analyze your situation to determine if forming an S-Corp is financially beneficial for you.
What if I receive a notice from the IRS or state tax agency?
Receiving a notice can be concerning, but you shouldn’t panic. Contact us immediately so we can interpret the notice and determine the best course of action. We communicate directly with tax authorities on your behalf to resolve any issues efficiently. Whether it’s an audit, a balance due, or a request for more information, we handle the process professionally. Our focus is on protecting your rights and ensuring a smooth resolution.
How can you help improve my business’s financial health?
We offer comprehensive financial analysis and strategic planning to help you understand your expenses, cash flow, and profitability. By identifying areas for cost savings and revenue growth, we help you make informed decisions for expansion. Our tailored advice ensures your business stays compliant while maximizing financial performance. We also assist with budgeting, forecasting, and long-term planning to support your growth goals. Partnering with us means having a dedicated team committed to your business’s success.
Client Testimonials
"Shaya Feferkorn CPA transformed my business finances by understanding my goals and finding new opportunities. They uncovered deductions and restructured my business, saving me a lot. I highly trust and recommend this firm to others."
Michelle T. Owner, Construction & Contracting Business
"When I received an IRS notice, I felt overwhelmed. Shaya Feferkorn CPA quickly reviewed my case, explained everything clearly, and handled all communication. They solved the issue in weeks, giving me priceless peace of mind."
Sandra R. Marketing Consultant, Self-Employed
"Our complex rental and investment taxes were handled expertly by Shaya Feferkorn CPA, who uncovered missed deductions and filed early. For the first time in years, we feel confident our taxes are accurate and fair."
James & Patricia W. Real Estate Investors & Homeowners
From tax filing and strategic planning to business formation, growth consulting, and IRS representation, Shaya Feferkorn CPA delivers expert guidance with the personal attention every client deserves.
Contact Info
- 123 Tice Blvd, Suite 118, Woodcliff Lake, NJ 07677
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+7185698421
+718701579 - sfeferkorn@sfcpaco.com