355 Lexington Ave
6th Floor
New York, NY 10017
(212)557-5666

What We Do
Rogoff & Company, P.C., offers a full range of integrated accounting, tax, business management and advisory services. As a full-service firm, we take a comprehensive view of your business, offering assistance in any area that will help you achieve your personal and business goals.

Rogoff & Company, P.C. services include, but are not limited to the following:


Accounting

Rogoff & Company, P.C. performs accounting services for emerging business clients that do not have the necessary in-house personnel or expertise. Examples of these services include:

  • Preparation of books and records
  • Preparation and analysis of financial statements
  • Consultation on accounting policies, internal controls, budgeting and cash management systems, etc.


Many of our clients have grown along with our firm and have developed the capability to perform functions previously provided as part of our services. We look with pride upon our history of long-term client relationships, which reflect the high level of confidence in the quality of our services.

We view the accountant's role as being far more than merely a "number-cruncher". Our approach is to develop an in-depth knowledge of a client's business so that we may strengthen its operations and support sustained growth. This also enables us to anticipate issues instead of reacting to negative results.

You deserve timely, personalized service, and that is the strength upon which Rogoff & Company, P.C. has been built. Our experienced staff operates as a team to provide bona fide professional service--in the most cost-effective manner possible--with individual attention tailored to fit your business and personal financial needs. The bottom line is your success and satisfaction.

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Auditing

Every audit engagement is directly supervised by a Partner or a Principal who is responsible for and involved with the planning of the audit, including the evaluation of the internal accounting control structure, all field work and the preparation and initial review of the financial statements. The Partner may also rely on the expertise of other Partners in matters such as taxation.

As evidence of its commitment to excellence, our firm maintains a Quality Control Department which reports directly to the Managing Partner. Every client report and the underlying work papers are reviewed by this department before being issued to the client.

The Partners are pleased to announce the successful completion of another independent peer review of our accounting and auditing practice. After a thorough study of our procedures and work practices, the reviewers concluded that our firm complies with the stringent quality control standards established by the American Institute of Certified Public Accountants.

Our firm committed itself to periodic peer reviews when we joined the Division for CPA Firms, a voluntary self-regulatory organization created by the American Institute of CPA's to foster quality performance.

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Compilation and Review

Many clients whose businesses are in the early or developmental stages do not require audited financial statements. Their needs, for both internal management purposes and credit relationships, may be satisfied with compiled or reviewed financial statements.

The American Institute of Certified Public Accountants has promulgated standards for compilation and review engagements. The scope of these services is less than an audit performed in accordance with generally accepted auditing standards. A compilation essentially consists of the presentation of unaudited data in the form of financial statements. A review also includes certain other procedures, such as inquiry of client personnel and analytical procedures applied to the data.

Rogoff & Company, P.C. has extensive experience in providing compilation and review services to emerging companies and others in a variety of fields. Our staff is thoroughly familiar with all the required procedures and has a proven record of compliance with AICPA standards.

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Consulting for Litigation and Due Diligence Studies

Rogoff & Company, P.C. has extensive experience in providing timely, all-round consulting services in many disciplines and enjoys an excellent reputation in these areas:

Litigation Support Services
Law firms frequently require the assistance of accountants for a broad range of services. Our firm has been providing these services for decades. With a large staff of professionals, we can offer a law firm the highest level of expertise and experience on issues of concern to them and their clients. Examples include:

  • Valuation of a closely-held business. Oftentimes, client matters involving divorce, buy-sell agreements, arms-length acquisition or sale, and estate planning or administration will necessitate these services.
  • Examination of debtor's records. Financial institutions may request an independent auditor's verification of the debtors' financial statements and/or assertions.
  • Expert-witness testimony on matters of accounting, auditing, and taxation.

Due Diligence Studies
Rogoff & Company, P. C. has successfully assisted many clients in their review and evaluation of targeted acquisition candidates. Our services include a study of the dynamics of the company as well as the historical and projected financial data.

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Tax Planning

Rogoff & Company, P.C. has extensive experience. Our firm's Tax Department offers full services to corporations, partnerships, individuals, estates, trusts and tax-exempt organizations. The services include both compliance and planning.

Compliance
Tax Department professionals are responsible for the preparation and/or review of all tax returns and the representation of clients at tax examinations. They also communicate with clients and meet with all Partners and professional staff to keep them abreast of new tax laws and regulations.

Planning
Today, most insurance and investment sales people refer to themselves as "financial planners"; however, proper planning in the constantly changing business and tax environment requires more than the selection of insurance and investment products. Our firm's tax professionals augment their many years of experience with continuing education programs to be fully versed and ready to assist in the client's planning needs, as in the following examples:

Tax Planning for Businesses Planning for a business begins well before the business is actually started. Numerous decisions must be made, such as: Should the business be incorporated or organized as a partnership or sole proprietorship? What accounting methods for financial reporting and tax purposes should be elected? How should compensation levels and methods be structured? What credit facilities will the business need? What is the most advantageous accounting period?

Once the business has started operations, timely tax planning should be a high priority of management.

Personal Financial Planning Personal financial planning involves an examination and study of the client's present financial situation, establishing realistic long-term objectives, developing strategies and methods to achieve the objectives and continued monitoring and, if necessary, revision of those strategies to allow for changes in tax laws and economic conditions.

Professional planning advice is a necessity; however most people lack the expertise, resources, or time necessary to plan their financial future.

Included in our firm's umbrella of personal financial planning services are:

  • Estate Planning, including the establishment of trusts where necessary
  • Retirement Planning, including the selection and design of appropriate retirement plans for the closely-held or family business
  • Education Planning
  • Investment Analysis

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Tax Return Preparation

 

Personal Financial Planning

Estate Planning

The Rogoff & Company, P.C. Estates and Trusts Department offers services in both administration and planning, and in the preparation of wills and trusts.

Planning A difficult, but necessary, part of life is to plan for death. Where does estate planning begin? It begins with the decision and commitment to treat your estate's well-being with the same attention and serious attitude you apply to your physical health.

Creating A Will
Estate planning begins with making decisions about the following questions:

  • Who will inherit your assets?
  • When should the heirs receive the assets?
  • What limitations will be placed on the recipients?

A will also stipulates who is to be your minor children's guardian(s) for their property and/or person. Although creating a will makes your decisions legally binding, the will can be amended any time you change your mind.

Coping With Prolonged Incapacity
Today, with rapid advances in medical technology and health systems, people are living longer. Good news indeed, but there is also a negative side to it, as in the case of living with a prolonged illness or other incapacitating condition. To protect an estate from such contingencies, one should consider the use of medical powers-of-attorney, living wills, and medicaid trusts.

Creating A Trust
A will directs the disposition of your estate. Trusts are used to achieve longer-term goals. For example, trusts can be created to provide for a child's education, the long-term care of an elderly parent or delay the payment of funds to young children until they reach a responsible age.

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Estate and Trust Administration

Administration Our professionals handle all matters and details ranging from the preparation of estate and trust tax returns, financial statements and accountings for Surrogate hearings to serving as executors and trustees.

The experienced professionals at Rogoff & Company, P.C. are thoroughly familiar with these instruments and are ready to assist the client in all these areas.

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Not-for-Profit Organizations Administration

Annual Planning and Budgeting