Bookkeeping in New York
How taxes and accounting work in New York: when you need an accountant, how much ongoing support costs and how to optimise taxes legally.
When you need an accountant (CPA) in New York
New York taxes are among the highest in the US (federal + state + city), and the system leaves no room for errors. Russian-speaking residents need a CPA for: LLC/corporation registration, taxes, sales tax, and foreign account reporting.
Price reference: small business bookkeeping — $150–500/mo, tax return — from $300. Initial consultation with SVOY accountants — free.
What matters specifically for Russian speakers from the CIS
- FBAR and FATCA — mandatory. If you hold accounts in Russia totalling more than $10,000, you are required to file an FBAR and report under FATCA. This obligation is frequently overlooked, and the penalties are severe.
- ITIN. Non-residents need an ITIN for taxes, a bank account, and business.
- Income from clients in Russia. Structured via LLC; US banks are strict about funds from Russia. USDT, third-country accounts, and international transfers.
- CIS documents. Apostille and certified translation — can be arranged remotely.
Taxes and business structures
- LLC — pass-through taxation, flexible; C-corp — 21% corporate tax;
- federal income tax + New York State tax + city tax = a high combined rate;
- sales tax ~8.875% in NYC — registration required for sales;
- non-residents pay tax on income sourced in the US.
How to choose an accountant
- hire a CPA with experience in non-resident filings and FBAR/FATCA;
- Decide on LLC vs C-corp before launching;
- a Russian-speaking specialist will handle your ITIN and reporting more precisely.
Looking for an accountant in New York? Describe your situation — we’ll answer your questions for free, and a specialist will personally review your case.
Company, taxes, and reporting in New York
Company incorporation, tax number, reporting, and income legalisation — with an accountant, that works specifically in this country. Tell us what’s already been done, and we’ll advise on the next step.
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We’ll help with that in New York
These tasks are handled by services within the SVOY ecosystem.
Bookkeeping
Company incorporation abroad, asset legalisation, tax optimisation, and accounting support. Official and confidential.
SVOY ECOSYSTEM
What else you may need
Tasks that most often come next. Each is handled by a dedicated SVOY service.
Rent or buy housing
Rental and purchase New York: prices by neighbourhood, property due diligence, and end-to-end transaction support — SVOY HOME.
Go to websiteRegularize your status
Residence permits, visas and status renewals in New York, certificates and apostille — SVOY Legal.
Go to websiteChildbirth and citizenship for the child
Childbirth in New York: clinics, newborn documentation and citizenship — SVOY Baby.
Go to websiteHalal community
Nikah, halal services, and the Muslim community in New York — SVOY Halal.
Go to websiteCompany and taxes in New York — we’ll work out which option is more cost-effective
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Need help relocating to New York?
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- Russian-language chat New York
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- Doctors and clinics
- Lawyers and help with paperwork
- Verified contacts and recommendations
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