Business Details
Expert Accounting for Cooperatives & Condominiums
Newman & Kaufman delivers premier auditing and accounting services tailored to cooperative and condominium industries across the New York City Metropolitan area. With over 275 client entities, we specialize in audits, tax strategies, and financial planning while maintaining a client retention rate that establishes us as industry leaders. Our firm participates in AICPAs Peer Review Program, achieving the highest rating available and ensuring rigorous quality control. Our team of CPAs combines technical expertise with proactive advisory services, offering customized solutions for capital improvements, tax deductions, and regulatory compliance. We prioritize accessibility, transparency, and long-term relationships, supported by a management team that directs highly trained professionals to address all client needs.Our commitment to value-added services includes ongoing evaluation of internal controls, financial forecasts, and representation during tax audits. By anticipating challenges and delivering innovative solutions, we empower clients to make informed decisions with confidence. The firms reputation for excellence is built on decades of service, technical acumen, and a no-surprise approach to financial management. We educate clients on industry-specific tax matters, enabling them to structure operations for optimal tax efficiency while fulfilling annual compliance requirements.
Services
Audit Services
Tax Return Preparation
Budget Forecasting
Tax Advisory Services
Peer Review Compliance
Capital Improvement Planning
IRS Representation
Internal Control Evaluation
Highlights and features
- We specialize in cooperative and condominium accounting with 275+ industry clients.
- Our team includes CPAs with decades of experience in complex financial audits.
- We maintain AICPA Peer Review Program certification with highest ratings.
- We offer tax strategies to maximize deductions and minimize liabilities.
- Our no-surprise approach ensures transparent, predictable financial management.
Associations and certifications
- AICPA Peer Review Program
Services
Audit Services
Our comprehensive audit process provides the highest level of assurance through continuous evaluation of financial transactions and internal controls. We deliver detailed findings to ensure regulatory compliance while offering proactive solutions for operational improvements. Clients benefit from tailored audit programs developed based on industry-specific insights and decades of cooperative housing expertise.
Tax Advisory
We develop strategic tax solutions to minimize liabilities and maximize shareholder deductions for cooperative housing corporations. Our specialists provide guidance on basis increases, transaction structuring, and compliance with federal and state tax requirements. Clients receive ongoing education to understand and optimize their tax positions.
Budget Forecasting
We create accurate operating and capital budgets with detailed cash flow analysis and reserve projections. Our approach ensures clients maintain adequate financial stability while planning for future improvements. Services include forecasting for new constructions, rehabilitated properties, and 80/20 compliance scenarios.
IRS Representation
Our firm provides expert representation during federal, state, and local tax audits. We handle all communications with regulatory agencies, including the New York State Department of Taxation and Finance. Clients receive strategic support to resolve tax disputes and implement compliance improvements.
Peer Review Compliance
We maintain compliance with AICPA standards through rigorous participation in the Peer Review Program, achieving the highest quality rating available. This ongoing process ensures our auditing practices meet industry benchmarks while delivering reliable, accurate financial assessments for cooperative entities.
People
Darren Newman
Managing Partner
CPA with decades of experience in cooperative housing audits. Leads client relationship management and strategic firm direction while maintaining technical oversight of audit engagements.
Neil Kaufman
Partner
Certified Public Accountant focused on tax compliance and regulatory matters for cooperative entities. Specializes in IRS representation and optimizing shareholder tax deductions.
Jason Kaylie
Partner
CPA providing financial planning expertise for capital improvements and reserve accumulation. Develops customized solutions for budget forecasting and internal control enhancements.
Toby J. Hall
Partner
Audit specialist with deep technical knowledge of cooperative and condominium accounting standards. Ensures compliance with GAAP and industry-specific regulatory requirements.
Carole Newman
Partner Emeritus
Founding partner recognized for establishing industry-leading audit protocols. Provides mentorship to staff while maintaining advisory roles for long-term client accounts.
Questions
What accounting services do you offer for cooperatives?
We provide audits, tax preparation, budget forecasting, capital planning, and IRS representation specifically for cooperative and condominium entities.
Are you certified by professional accounting organizations?
Our firm participates in the AICPA Peer Review Program and holds the highest quality rating available.
How do you help clients minimize tax liabilities?
We develop tax strategies to maximize deductions, increase shareholder basis, and structure operations for optimal tax efficiency.
What makes your cooperative accounting services unique?
We combine industry specialization with proactive financial guidance, including ongoing internal control evaluations and no-surprise budgeting.
Do you offer advisory services beyond basic accounting?
Yes, we provide customized advisory solutions for capital improvements, reserve planning, and regulatory compliance in cooperative housing.
Where are your services available?
We primarily serve cooperative and condominium clients throughout the New York City Metropolitan area.
