CPA advisory for Manhattan business owners, professionals, and investors, delivered virtually from our Brooklyn office.
OICPA does not have a physical office in Manhattan, but works with Manhattan-based business owners, consultants, and high-income households through virtual consultations and in-person meetings at our Brooklyn office.
OICPA is based in Brooklyn, NY and serves Manhattan-based clients virtually and by in-person meeting at our Brooklyn office. There is no physical OICPA office in Manhattan.
Manhattan's business base ranges from small retail and restaurant operators in neighborhoods like the Lower East Side, to consulting and agency firms concentrated in Midtown and Flatiron, to co-op and condo-owning real estate investors and high-income professionals across the borough. Each of these carries a different tax profile, and Manhattan's density means state and city tax exposure is rarely simple.
What to check for this area.
New York City Unincorporated Business Tax (UBT)
Applies to Manhattan-based sole proprietorships and partnerships the same way it does elsewhere in NYC, a cost that's easy to miss without a coordinated review.
NYC and NY State pass-through entity tax (PTET)
Both elections can help owners of eligible pass-through entities work around the federal SALT deduction cap, subject to current law and each jurisdiction's own annual election deadline.
A high concentration of consulting and professional services firms
Manhattan's professional-services density means the QBI deduction's specified service trade or business (SSTB) rules come up often, a phase-out that eliminates the deduction entirely at high income for many consultants and agency owners.
Co-op and condo ownership complexity
Manhattan real estate is disproportionately co-ops and condos rather than direct multi-family ownership, which changes how maintenance, assessments, and any rental activity get treated on a return.
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 Manhattan, NY?
Every engagement starts with a conversation about your specific facts, not a generic checklist.