A CPA firm based in Brooklyn, working with owners and families across the borough and beyond.
OICPA is headquartered at 445A Columbia Street in Brooklyn, serving business owners, real estate investors, and families throughout Brooklyn and the wider New York area.
OICPA's office is located in Brooklyn, NY. In-person and virtual meetings are both available.
Brooklyn's business base spans everything from small retail and restaurant operators in neighborhoods like Park Slope, Williamsburg, and Bay Ridge to real estate investors managing multi-unit residential buildings, to founders building venture-backed companies out of the Brooklyn Navy Yard and DUMBO tech corridor. Each of these has a different tax and accounting profile, and a local CPA relationship benefits from actually understanding that range.
What to check for this area.
New York City Unincorporated Business Tax (UBT)
Sole proprietorships and partnerships operating in NYC may owe UBT in addition to state and federal tax, a cost often missed by owners who assume their state return covers everything.
NYC and NY State pass-through entity tax (PTET)
Both New York State and New York City offer a PTET election that can help owners work around the federal SALT deduction cap, subject to current law, entity eligibility, and each jurisdiction's own annual election deadline, worth evaluating every year, not just once.
Brooklyn real estate density
A high concentration of multi-family and mixed-use properties means depreciation strategy, cost segregation, and entity structuring questions come up often for local owners.
Rent-stabilized and multi-unit property accounting
Brooklyn's rental stock includes a meaningful share of rent-stabilized units, which affects income projections and financing conversations differently than market-rate-only portfolios.
This is general information to help you know what to ask about, not legal or tax advice for your specific situation - confirm how any of this applies to you with your CPA before acting on it.
Frequently asked questions
Send us the facts for Brooklyn, NY?
Every engagement starts with a conversation about your specific facts, not a generic checklist.