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TG Colley & Co

Accounting, United States, New York, New York City

Leading accounting firm providing expert taxation, auditing, and financial advisory services. Trusted by clients for accurate and timely financial solutions.

About TG Colley & Co

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Basics

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Founded
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Total Employees
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Employees on Linkedin
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Employees on OWCareers
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Main Office
United States of America, New York state
Official Website
http://www.tgcolley.com
Location Address Official Phone Email
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FAQs – TG Colley & Co

Do I need an accountant if I use accounting software?

Yes, software helps with automation, but an accountant provides strategic advice, compliance checks, and financial analysis.


How does financial planning differ for service-based vs. product-based businesses?

Service-based businesses focus on cash flow and billable hours, while product-based businesses track inventory and production costs.


How are customer funds in digital wallets recorded?

Digital wallet balances are liabilities until customers use them.


How do I account for bad debt expenses?

Estimate uncollectible accounts using the allowance method or write off actual bad debts.


How do outsourced accountants manage financial fraud investigations?

They conduct forensic accounting, track anomalies, and provide risk assessments.


How do I apply for tax-exempt status as a nonprofit?

File Form 1023 or Form 1023-EZ with the IRS.


Can accounting software detect duplicate payments?

Yes, AI-powered tools flag identical transactions for review.


Can an accountant help reduce my tax liability?

Yes, by applying tax deductions and credits.


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