Corviniti/Local Services/Business Tax Preparation in Staten Island
Local Services / New York / Staten Island
Business Tax Preparation in Staten Island
Federal, New York State, and New York City business returns filed from reconciled books, with the UBT, the S election, and the state and city PTET handled, and no April surprises.
What it is. Preparation and filing of your federal, New York State, and New York City business returns for Staten Island businesses, plus the owner's personal return, by a CPA working from reconciled books.
Where the value is. The New York City layer and the elections: the Unincorporated Business Tax, the entity-level city tax on S corporations, the state and city PTET, and estimated taxes managed so the return has no surprises.
Why a New York City firm. New York City business tax has its own forms and its own rules. A preparer outside the city rules leaves the UBT, the city PTET, and the city corporation tax on the table or gets them wrong.
Corviniti provides bookkeeping, accounting, and tax services to small businesses across Staten Island, from St. George and the Hylan Boulevard corridor to New Dorp, Forest Avenue, Bulls Head, and the West Shore. Staten Island has a small-business economy built on healthcare, retail, and the trades, and it files under New York City's tax rules.
We prepare and file business returns across all three layers: the federal return, the matching New York State return, and the New York City return a business outside the city generally does not file. The value is in the city layer and the elections: the Unincorporated Business Tax, the 8.85 percent city tax an S corporation pays because the city does not recognize the election, and the state and city PTET modeled per owner.
Corviniti keeps books, plans tax, and files returns for Staten Island businesses under one roof, led by a CPA with Big Four experience. The full New York City tax detail behind this service is on our New York City business tax page; what it means for Staten Island is below.
This page sits under Corviniti Accounting in New York City, our New York headquarters. That page covers the full New York City and New York State picture, and links to the rest of our local coverage.
Which return
Which returns does your business file
Each entity files a federal return, a matching New York State return, and a New York City return. The map, plus the calendar.
Business returns by entity type. Illustrative and not exhaustive.
City business taxes
The New York City business taxes
New York City taxes businesses on top of the state: the Unincorporated Business Tax, an entity-level tax on S corporations, the city PTET, and the MCTMT.
The New York City business taxes. Current NYC law; illustrative, not tax advice.
This is for you if
You need your business return filed and are not confident last year's city return was done right.
You never filed New York's CT-6, or did not know the city taxes your S corporation.
You are a profitable pass-through and have never heard your preparer mention the state or city PTET.
Your books are behind and a filing deadline is coming.
What you get
All three layers filed The federal, New York State, and New York City returns, tied to the books and each owner's K-1.
The Unincorporated Business Tax Determined, filed, reduced with the exemptions and credit, and coordinated with the personal return.
The elections that cut the bill The CT-6 S election and the state and city PTET, elected on time and reconciled.
The owner's return, coordinated Prepared alongside the business return so the K-1, the credits, and the city income tax line up.
How We Help
What you get
A CPA-led return preparation for Staten Island businesses, priced flat, with the New York City tax detail handled.
All three layers filedThe federal, New York State, and New York City returns, tied to the books and each owner's K-1.
The Unincorporated Business TaxDetermined, filed, reduced with the exemptions and credit, and coordinated with the personal return.
The elections that cut the billThe CT-6 S election and the state and city PTET, elected on time and reconciled.
The owner's return, coordinatedPrepared alongside the business return so the K-1, the credits, and the city income tax line up.
When companies bring us in
You need your business return filed and are not confident last year's city return was done right.
You never filed New York's CT-6, or did not know the city taxes your S corporation.
You are a profitable pass-through and have never heard your preparer mention the state or city PTET.
Your books are behind and a filing deadline is coming.
The Detail
The gaps, and how we close each one
Service 01
The businesses Staten Island depends on
The books and tax work should fit the local economy. Here is what Staten Island's looks like and why it shapes the work.
How we handle it
Staten Island's small-business base leads with healthcare, its single largest employer, followed by retail along the Hylan Boulevard corridor and at the Staten Island Mall and Empire Outlets, a large layer of construction and contracting firms, professional-services practices, restaurants, and a maritime and industrial economy on the West Shore anchored by the Howland Hook Marine Terminal, now operating as Port Liberty New York. Many Staten Island businesses are family-run sole proprietors and partnerships in the trades and professional services, so the New York City Unincorporated Business Tax and job-level costing are live issues, and the borough's contractors get audited on the same New York capital-improvement sales tax rules the rest of the city does. We keep the books in the shape that trade and those city filings need.
Service 02
The right returns for your entity: federal, state, and city
Each entity files at three levels, and the New York City return is the one out-of-town preparers forget.
How we handle it
We prepare the federal return, the matching New York State return, and the city return: a C corporation files the city Business Corporation Tax at 8.85 percent, an S corporation files the city General Corporation Tax at 8.85 percent because the city taxes it as an entity, and a sole proprietor or partnership files the Unincorporated Business Tax. The returns tie to each other and to the books, so an examiner has nothing to pull on.
The Unincorporated Business Tax, filed and reduced
The Unincorporated Business Tax catches New York City owners who assume a pass-through pays no entity-level tax. It does in the city: 4 percent on city business income.
How we handle it
We determine whether the UBT applies, file it on the city's forms, and claim the exemptions and credit that reduce it, then coordinate the state credit for the tax paid so the same dollars are not taxed twice. Filing generally starts once business gross income passes 95,000 dollars, and we track that threshold.
Service 04
The S election and the state and city PTET
Two of the biggest levers are the separate New York S election and the state and city PTET, which live outside the normal return on a strict calendar.
How we handle it
We confirm your New York S status and file the CT-6 where it is missing, model whether the state and city PTET pay under the current SALT cap, make both elections online together by the March 15 deadline (no extension), and reconcile the credits onto each owner's personal return.
Service 05
Staten Island and New York City resources for owners
The registrations and filings Staten Island owners ask about most are spread across city and county offices, each with its own rules.
Do you prepare returns for contractors and the trades?
Yes, the business return and the owner's. The items that decide a contractor's tax: the accounting method for long jobs (cash, accrual, or percentage-of-completion), work in progress on the return, the New York capital-improvement versus repair sales tax split, Section 179 and bonus depreciation on vehicles and equipment, and the S corporation and PTET elections for a profitable shop.
Do you prepare returns for medical and dental practices?
Yes, for the practice and its owners. The items that matter at practice income levels: entity choice (an S corporation is common), reasonable owner compensation, equipment depreciation, retirement-plan contributions that shelter high income, and the PTET election modeled per owner.
Do you prepare returns for restaurants and cafes?
Yes, for the business and its owners. The items that matter: the FICA tip credit on the employer payroll tax paid on reported tips, which is real money most preparers skip, Section 179 and bonus depreciation on equipment and build-out, cost of goods sold, and a return that reconciles to the sales tax you filed.
Do you prepare returns for e-commerce and retail sellers?
Yes, for the business and its owners. The items that matter: inventory and cost of goods sold accounting, sales tax nexus across states and the marketplace facilitator rules, fulfillment and home-office treatment, and the entity and PTET elections as the business scales.
Do you prepare returns for law firms and professional services?
Yes, for the firm and its owners. The items that matter: the cash versus accrual method, client trust funds kept out of income, partner and shareholder compensation, the PTET election that is often a partner group's largest lever, and the qualified business income deduction limits that apply to specified service businesses at higher incomes.
Do you prepare returns for real estate investors?
Yes, for investors, landlords, and property managers. The items that matter: depreciation and cost segregation to accelerate deductions, the passive activity loss rules and the real estate professional status that can unlock them, 1031 like-kind exchanges, and per-entity returns when properties sit in separate LLCs.
Do you work with businesses across all of Staten Island?
Yes, from St. George and the Hylan Boulevard corridor to New Dorp, Forest Avenue, Bulls Head, and the West Shore, including the trades, healthcare practices, and retailers in the borough. The work is done remotely on QuickBooks Online or Xero, so the neighborhood does not change the service. What matters is that your books are kept to New York City's tax rules.
Sources & authorities
Primary sources for this page
The pass-through entity tax.New York's PTET: the election, the March 15 deadline, and the credit each owner claims.
This page summarizes New York State and New York City tax rules for general information, and is not tax advice for your situation. Rates and thresholds change; confirm the current figures with the authority before you rely on them.
