About Us

accountant

Our approach is to deliver Certified Public Accountant services on a personal one-on-one level that our client and the industry expects. In today's complex business landscape, it's vital to have an experienced professional providing clear and relevant advice in a timely and professional manner.

Joseph A Schiano CPA, P.C., located in East Islip, New York was incorporated June 2008.

Joseph A Schiano CPA, a Long Island native, earned a Bachelor of Science degree in Public Administration and Accountancy from Long Island University, Southampton Campus. Joseph has 15 years of tax and accounting experience, 9 of these years in public accounting firms (small, mid-size and national accounting firms) in the areas of small business, individual and corporate tax preparation, auditing, payroll services and bookkeeping.

Joseph Schiano is a member of the American Institute of Certified Public Accountants (AICPA) and the New York State Society of Certified Public Accountants (NYSSCPA).

Clients have chosen Joseph A Schiano CPC, P.C. because they believe we're different from most small accounting practitioners in several important ways (i.e. house visits, flexible hours, and availability all year round). Our clients enjoy the most competitive fees possible while still receiving the most professional and courteous service in the business. In this time of economic uncertainty our fees are recession-friendly without sacrificing quality of services expected by our clients and industry.

Once you've explored our website and learned more about the company and services, we'd be pleased to meet with you or your accounting staff to discuss your business, your specific goals and your requirements. We offer a free initial consultation. Call us today at (631) 277-2174 and ask for Joseph Schiano regarding our accounting and tax services.

Tax Tip

When it comes to tax planning, most individuals make the mistake of thinking more about the tax benefits of their transactions than the impact of their net cash flows. Tax deductibility can make your tax preparer look like a star by getting a higher tax return refund, but because federal and state (if applicable) tax rates will never be 100%, unnecessary spending for the sake of a tax deduction is not a good cash flow strategy. In essence, it's like spending dollars to get back dimes and nickels.

By making a charitable contribution or purchasing a second home, rental property or land purchase solely for the tax deductibility/benefit, in most cases, the total cash outflows will be in excess of any tax deductibility/benefit.

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Accounting Tip

Financial Statements are the presentation of financial data including Balance Sheet, Income Statement, and Statement of Cash Flow, or any supporting statement that is intended to communicate an entity's financial position at a point in time and its results of operations for a period then ended.