Business Details
48 Years
experience
Trusted Accounting & Tax Services in Hauppauge, NY
Founded in 1978, Li Tax 78 is a woman-owned, full-service accounting firm led by Elizabeth Boonin, CPA/ABV, with over 22 years of expertise in corporate finance, tax accounting, and business valuations. Our team of certified professionals delivers personalized financial solutions for small businesses and individuals, combining deep industry knowledge with a commitment to client-centric service. We specialize in tax planning, wealth management, business consulting, and IRS representation, leveraging decades of collective experience to minimize liabilities and maximize financial success.Our practice emphasizes strategic collaboration, data-driven insights, and proactive compliance to ensure clients achieve long-term stability. With offices in Hauppauge, NY, and a network spanning 30+ states, we provide tailored accounting services that adapt to the unique needs of each client while maintaining the highest standards of professionalism and integrity.
Services
Income Taxes
Business Services
Tax Planning
Wealth Management
Financial Planning
Estate and Trust
Business Valuations
Payroll Services
Bookkeeping
IRS Representation
Details
- Year established: 1978
Highlights and features
- We offer 45+ years of combined experience in accounting and tax services.
- Our team includes certified CPAs, ABV-accredited professionals, and Enrolled Agents.
- We provide personalized strategies tailored to individual and business financial goals.
- Our services integrate tax planning, wealth management, and business consulting.
- We maintain partnerships with estate planning attorneys and financial advisors.
Associations and certifications
- AICPA (ABV)
- Intuit QuickBooks ProAdvisor
What people say
Expert tax guidance
Personalized strategies
Reliable financial planning
Professional team
Proactive compliance
Services
Income Tax Preparation
Our certified professionals provide year-round tax planning and preparation to minimize liabilities and maximize refunds. We specialize in individual and business tax returns, ensuring compliance with federal and state regulations. Our proactive approach identifies deductions and credits to optimize financial outcomes.
Business Valuations
We deliver accurate business valuations for mergers, acquisitions, and equity offerings. Our ABV-certified experts analyze financial data to determine fair market value, supporting strategic decision-making and long-term growth planning for business owners.
Wealth Management
Our wealth management services include investment management, retirement planning, and asset protection strategies. We create customized plans to grow and preserve wealth, integrating tax-efficient solutions for individuals and families.
IRS Representation
We provide expert representation during IRS audits, leveraging our Enrolled Agents' authority to resolve disputes and negotiate settlements. Our goal is to reduce penalties and ensure compliance while protecting client interests.
Bookkeeping Services
We offer comprehensive bookkeeping and accounting systems support, including software configuration and financial reporting. Our services ensure accurate records for informed business decisions, backed by QuickBooks-certified professionals.
People
Elizabeth Boonin
CEO & CPA
Elizabeth Boonin is a CPA and ABV-accredited business valuation specialist with 22+ years in corporate finance and tax accounting. She leads Li Tax 78, focusing on strategic financial solutions for small businesses and individuals.
Alan Halperin
CFO & CPA
Alan Halperin is a CPA and former global bank executive with expertise in tax optimization and business analytics. He specializes in improving cash flow and profitability for small businesses through strategic financial planning.
Jennifer Locrotondo
Senior Accountant
Jennifer Locrotondo is a Senior Accountant with a degree from Long Island University. She focuses on tax preparation and financial reporting, currently pursuing her Enrolled Agent credential to expand her tax expertise.
Rinaldo Crassa
Enrolled Agent
Rinaldo Crassa is an Enrolled Agent with 20 years of experience in tax and wealth management. He represents clients before the IRS and is a member of the National Association of Tax Professionals.
Lisa Traylor
Office Manager
Lisa Traylor oversees daily operations as Office Manager, ensuring seamless client service and administrative efficiency at Li Tax 78.
Questions
What accounting services do you offer for small businesses?
We provide bookkeeping, payroll, business valuations, tax planning, and consulting tailored to small business needs.
How can tax planning benefit my business?
Tax planning minimizes liabilities, identifies deductions, and ensures compliance while aligning with long-term financial goals.
Do you offer IRS audit representation?
Yes, our Enrolled Agents provide expert IRS representation to resolve audits and reduce penalties.
What wealth management services are available?
We offer investment management, retirement planning, and asset protection strategies to grow and preserve wealth.
Are your services available outside New York?
Yes, we serve clients across 30+ states with remote and in-person support options.
How do you handle estate and trust taxes?
We prepare estate and trust tax returns and collaborate with attorneys to ensure comprehensive planning.
Reviews (2)
Debby C.
Jan 10, 2019
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Stay away! My husband and I had our 2017 tax return with completed by them. My husband who is retired and does no work or have any income besides his social security was reported incorrectly and that he was self employed with my income. I own my business and the person who prepared our taxes (Sandra Valle) and the CPA Elizabeth Boonin reported my income under my husband who doesn't work! Now my husbands social security is frozen for one year when we are on fixed income and depend on my husbands social security! Now I have been arguing with the IRS, submitted letters of the error that your
Denise B.
Mar 16, 2018
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This place is a joke!! Worst place ever. If you want the refund you deserve do not go here. Still waiting on refund from last year and this year refund was deposited into someone else's bank account. This place is a scan. DO NOT GO HERE!!! BEWARE OF HAVING YOUR TAX REUNDS DISAPPEAR , get deposited into someone else's bank account, being lied to, when you call to speak to
Someone about it they are ALWAYS IN A MEETING. DO NOT GO THERE!!! BEWARE OF THIS PLACE AND THE PEOPLE THAT WORK THERE!!!
Someone about it they are ALWAYS IN A MEETING. DO NOT GO THERE!!! BEWARE OF THIS PLACE AND THE PEOPLE THAT WORK THERE!!!
