Todres & Company LLP

Todres & Company LLP Providing high quality and responsive client service by attentive partners and staff for reasonable fees. Mr.

Todres & Company, LLP, Certified Public Accountants and Consultants, has been providing high quality audit, tax and consulting services to a diverse clientele for over 30 years. The firm maintains an office in Westbury, Long Island and it serves both privately held businesses in a wide range of industries and geographic locations and not-for-profit entities. We offer a wide range of tax services f

or our numerous indiviual clients. Todres & Company, LLP has participated successfully in the AICPA Peer Review Program. Our firm adheres to the highest standards of audit quality and integrity. Our partners and managers are active members of the CPA profession. Todres is a member of AICPA Council, the governing body of the CPA profession.

It’s almost never too late to start planning for retirement. Whether you already have large 401(k) or IRA balances or ar...
06/01/2026

It’s almost never too late to start planning for retirement. Whether you already have large 401(k) or IRA balances or are starting from scratch, we can help craft a strategy that reflects your personal situation and addresses your goals. So start thinking about what’s important to you: Building a big nest egg, reducing income tax liability, something else … We’re here to help make it possible!

No two taxpayers are exactly alike — so your tax strategies shouldn’t be either. Our firm provides customized tax planni...
05/27/2026

No two taxpayers are exactly alike — so your tax strategies shouldn’t be either. Our firm provides customized tax planning for individuals and businesses. We can identify opportunities to reduce taxes in your specific situation while helping you stay compliant with changing tax laws. Call us at 516-997-3232 to get started.

Some small business owners assume that offering their employees a retirement plan is cost prohibitive. But two plans are...
05/26/2026

Some small business owners assume that offering their employees a retirement plan is cost prohibitive. But two plans are particularly suited to employers with fewer than 100 workers: SEP and SIMPLE IRAs. Only employers can make contributions to SEP IRAs — which provide high contribution limits — but you aren’t required to fund accounts when cash-flow constraints make it difficult. SIMPLE IRAs allow both employers and participants to make higher annual contributions than participants could with self-owned IRAs. Plus, your business’s contributions are tax-deductible. Call us at 516-997-3232 to review your budget and benefit needs and suggest an appropriate plan.

Fringe benefits offer multiple business advantages. They can boost morale, attract and retain top talent, and qualify fo...
05/25/2026

Fringe benefits offer multiple business advantages. They can boost morale, attract and retain top talent, and qualify for potential tax breaks. That’s why it’s smart to review which ones you sponsor and what you may be missing. Of course, you don’t want to spend time and resources sponsoring benefits your employees don’t value. And you must follow specific rules and documentation requirements to be eligible for tax-advantaged treatment. Contact us at 516-997-3232 for help choosing the right fringe benefits for your business and managing the tax impact.

C corporation shareholders usually owe tax on gains from selling stock. But qualified small business (QSB) stock sales m...
05/21/2026

C corporation shareholders usually owe tax on gains from selling stock. But qualified small business (QSB) stock sales may qualify for a special gain exclusion. To be eligible for this break, certain requirements must be met.

QSB stock acquired after Sept. 27, 2010, may be eligible for a 100% gain exclusion if it’s held for at least five years. Under recent tax law changes, QSB stock acquired after July 4, 2025, may be eligible for a partial gain exclusion if it’s held for at least three years.

Call us at 516-997-3232 to learn whether this tax-saving strategy is right for your business. We can help structure your business to unlock the potential tax savings and navigate the complex rules.

Do you dream of retiring early? As in, really early? So do adherents of FIRE (Financial Independence, Retire Early). Man...
05/20/2026

Do you dream of retiring early? As in, really early? So do adherents of FIRE (Financial Independence, Retire Early). Many FIRE followers aim to retire in their 40s or even 30s! They make it happen by saving at least 50% of their current income, which some maximize by working second jobs. Obviously, this requires discipline and planning. But if early retirement is a priority, call us {Phone%} so we can help you make it happen.

Joint ventures and other strategic alliances can help your business expand its market reach, achieve operational synergi...
05/19/2026

Joint ventures and other strategic alliances can help your business expand its market reach, achieve operational synergies and improve profitability. A well-structured arrangement may also give your business the chance to “audition” for a future merger. Keys to a successful alliance are thoroughly vetting your partner, putting a strong agreement in place and focusing on financial objectives. Regularly evaluate the relationship and, if it becomes a drain on resources, revise or end it. However, if it’s mutually beneficial, consider a permanent merger. Call us at 516-997-3232 to help ensure any alliance supports your long-term business goals.

Beginning in 2026, a new 0.5% “floor” applies to charitable deductions for taxpayers who itemize. This generally means t...
05/18/2026

Beginning in 2026, a new 0.5% “floor” applies to charitable deductions for taxpayers who itemize. This generally means that only qualified charitable contributions that, in aggregate, exceed 0.5% of your adjusted gross income will be deductible if you itemize deductions. But a charitable deduction for cash donations is now available to nonitemizers. We can help you develop a tax-smart charitable giving strategy for 2026. Contact us at 516-997-3232.

LLC and LLP owners: Can you deduct your business losses this year? The answer may depend on whether your activity is con...
05/14/2026

LLC and LLP owners: Can you deduct your business losses this year? The answer may depend on whether your activity is considered passive according to the IRS’s passive activity loss rules.

Under these rules, you generally can use passive losses only to offset income from other passive activities. If you meet certain “material participation” criteria, however, you may be able to offset LLC or LLP losses against nonpassive income, such as wages, interest, dividends and capital gains — but the rules can be complex, especially for limited partners.

Call us at 516-997-3232 for guidance on tracking your participation hours, applying the material participation test and maximizing business loss deductions.

Holding real estate within your operating company may lead to unfavorable tax outcomes and increased risk. For example, ...
05/13/2026

Holding real estate within your operating company may lead to unfavorable tax outcomes and increased risk. For example, office or warehouse space owned by a C corporation is generally subject to double taxation when it’s sold. Or, if a customer is injured on company property, other business assets could be at risk. Separating real estate into its own entity, such as a limited liability company or partnership, can help reduce your exposure and provide greater flexibility for long-term planning. Call us at 516-997-3232 to review your business structure and determine the best fit for your situation.

Address

400 Post Avenue, Suite 205
Westbury, NY
11590

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

Telephone

+15169973232

Website

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