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The Best CPA Firm in Albany, NY

Struggling with Taxes & Accounting? Our Trusted NY CPA Firm Can Help

Navigating complex tax regulations can jeopardize your financial growth. Our CPA firm in Albany combines deep industry knowledge with personalized strategies, maximizing tax benefits for entrepreneurs, executives, and high-net-worth individuals. Protect your wealth and while we help drive your success!
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Rated 5 out of 5
"Excellent service ! Efficient and professional. Answered all my queries , very approachable and made me feel at ease that my tax matters are being handled properly." -Client Review
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Rated 5 out of 5

Get award-winning accounting services

At Dimov Tax, we offer expert individual and business tax services designed to maximize your deductions and credits. Our commitment to strategic tax planning guarantee you’ll improve your financial benefits. Partner with us today for proactive support that drives success. Contact us now!
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Award For Best CPAs in Albany.
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Albany County Occupancy Tax and NYS DTF File Separately

The occupancy filing and the NYSDTF return answer to different agencies with distinct deadlines. Being current with one says nothing about standing with the other. For Downtown Albany lodging operators, the 6.5% county return carries three distinct obligations: A separate registration A separate remittance schedule Its own penalty calendar BID-zone landlords on Lark Street and Central Avenue face the same structure. That amount never touches the state return. Dimov Tax covers entity filings, payroll services in Albany, and county obligations alongside NYSDTF through one engagement.

How Albany Tax Preparation Handles 414(h) Addbacks, Physician Income, and Tech Equity

The 414(h) modification is where Albany state employees first discover their return was handled like a standard W-2. New York disallows the deduction at the state level. That error compounds quietly, and it does not stop at state employees. An Albany CPA working this market handles all three profiles in one return: State employees: 414(h) addback missed on standard W-2 returns Albany Medical Center physicians: 403(b) deferrals layered with consulting income Tech workers near Albany NanoTech: restricted stock requiring a New York workday fraction to source correctly Above $107,650 in New York AGI, a separate computation worksheet applies before the regular rate schedule.
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Albany County and NYSDTF: One Engagement

The compliance gap in Albany runs on a structural split. NYSDTF and Albany County enforce separately, with no shared notice system. No prompt travels between them. A missed occupancy return accrues penalties on Albany County’s own clock, independent of any NYSDTF timeline. A clean state return tells the county nothing. Handling both agencies closes both tracks. Our Albany accountant team works flat-fee, one fixed quote before anything begins.
Dimov Tax is experienced in AccountEdge accounting software
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Dimov Tax is experienced in Trinet payroll software
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Dimov Tax is experienced in Rippling HR and payroll software
Dimov Tax is experienced in Intuit Quickbooks payroll software
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Albany Tax & Accounting Services

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Tax Preparation

Get your taxes done right, fast

We know juggling complex finances is challenging. Our tax CPA team simplifies tax preparation by managing multi-state filings, tackling equity compensation, and maximizing R&D credits. We integrate business and personal taxes seamlessly, saving you time and ensuring strategic, efficient results.

Forensic Accounting

Evidence-based financial investigations

Our forensic accountant team makes complex investigations understandable. From unmasking fraud to valuing a business or dividing assets, we tackle every detail smoothly, saving you time and money while resolving financial concerns with clear, practical solutions that work for you.
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Bookkeeping

Clean books, clear business picture

As your small business CPA in Albany, we provide bookkeeping services, process your QuickBooks, payroll, and financial records accurately. We’ll answer your questions within hours and maintain organized books. Proper records help you make informed decisions and avoid tax problems.
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Tax Consulting

Smart tax choices, better results

We get it—tax laws are a maze, especially with international or expat rules. As your trusted tax consultants in White Plains, we break it down, solve the tough stuff, and help you keep more of what’s yours.
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Payroll Services

Payroll compliance, handled correctly

Your small business accountant should make payroll simple. We set up and run QuickBooks, Gusto, or Rippling, handle employee benefits, and manage multi-state taxes. Stop worrying about payroll mistakes – we take care of the details while you run your company.
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Amended Tax Returns

Fix past tax return mistakes

Got back taxes or missed deductions? We fix tax returns when you find new information, spot missed credits, or need to report more income. From late 1099s to filing status changes, we update your returns right and handle IRS paperwork properly.
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Financial Audits

Thorough reviews for accuracy

Need a certified tax accountant for your audit in Albany? We check every detail and tell you exactly what we find. Our team spots risks before they become problems and shows you ways to save money. We charge less than other firms while doing better work.
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Tax Audit Representation

Expert defense in IRS audits

IRS letters don’t have to mean sleepless nights. We resolve 98% of audits with our first response, whether it’s IRS correspondence, field visits, or state tax reviews. Our team knows what auditors look for and how to present your case clearly. We handle the process while you run your business.
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Real Estate Taxes

Property tax planning made simple

You own property – we know the tax rules. Our real estate CPAs in Albany handle 1031 exchanges, structure rental income, and plan retirement accounts for agents. From local homes to international holdings, we find legitimate tax savings most firms miss.
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Resources From Our Expert Accountants

As your CPA firm partner, we understand managing deductions and taxes takes time away from running your business. Explore our resource center for clear answers and established tax strategies that match your specific needs.

Get Your Tax & Accounting Questions Answered

Why spend time searching for answers when they’re all right here? From accounting and bookkeeping rates to cryptocurrency taxes and filing costs, our tax accountants answer your biggest questions about getting the right financial help at fair prices.

Average accountant hourly rates by years of experience (2025)

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How does a BID zone assessment affect my Albany commercial tax return?

A BID zone pass-through does not flow through the NYSDTF return. It requires separate documentation as a county-level charge. Whether it qualifies as an ordinary business deduction depends on how your lease is drafted and whether the cost is separately stated. Albany County administers the Downtown Albany, Lark Street, and Central Avenue zones independently, so the treatment varies by district. We pull the BID pass-through out as a separate line item on every commercial client return.

How does New York source wages when I work remotely for an Albany employer?

New York applies the convenience-of-the-employer rule here. Home-office days outside New York count as New York workdays unless your employer can demonstrate a bona fide business necessity for the remote arrangement, not scheduling flexibility or personal preference. The full wage is sourced to New York, not only the days tied to the Albany office. A CPA in Albany familiar with NYSDTF sourcing positions reviews this before the return goes out.

What payroll obligations apply to Albany public-sector contracts?

Public-sector contracts in Albany create a 414(h) payroll obligation that does not appear on a standard W-2. Those contributions are not deductible at the New York state level, and the additional modification is required on each employee’s NY return. State wage reporting must also reflect the 414(h) amount separately from standard W-2 wages. A W-2 without that distinction creates a NYSDTF reconciliation problem. We cover payroll withholding, state wage reporting, and entity filings through one engagement.

How does New York tax income for the months I lived in Albany before moving mid-year?

A part-year return is required, and New York taxes all income during the resident period, not only NY-source amounts. After the move date, only income with a New York source falls under NYSDTF. An incorrect residency split can expose Connecticut-period income to full New York taxation. Our Albany CPA team reconciles the domicile date, sourcing, and part-year allocation before either state return is filed.

What does a New York return require for university employees with W-2, 403(b), and consulting income?

Three separate income layers require separate treatment, and New York does not allow the state return to simply mirror the federal. Your W-2 with 403(b) deferrals may need adjustment against NY contribution rules that do not match the federal limits. The consulting income runs as self-employment income with estimated payment and QBI implications. Tuition-related benefits carry their own NYS exclusion analysis. We review each layer before the return is assembled.

Your Personal and Business Accounting Team

George Dimov - Founding President of George Dimov CPA and Tax Specialists, an online CPA firm with the highest standards

George Dimov

President

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Stan Shraybman, MBA, EA

Senior Tax Manager

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Anvar Akhtamov, EA

Senior Tax Accountant

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Xintian Wang, CPA

Senior Tax Manager

MEET THE TEAM
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