Contact us anytime. (516)951-1138 (or) (718)709-9823 (or) e-mail: info@faulisilaw.com

Faulisi Law Firm PLLC
Faulisi Law Firm PLLC
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    • Home
    • Tax Problems
      • IRS Tax Audit
      • Repaying Tax Debt
      • Lien, Levy & Garnishment
      • Sales Tax Audit
    • Small Business
      • Small Business Attorney
      • Business Structure
      • Corporate Counsel
      • Business Infrastructure
    • Trust & Estate Planning
      • Estate Planning
  • Home
  • Tax Problems
    • IRS Tax Audit
    • Repaying Tax Debt
    • Lien, Levy & Garnishment
    • Sales Tax Audit
  • Small Business
    • Small Business Attorney
    • Business Structure
    • Corporate Counsel
    • Business Infrastructure
  • Trust & Estate Planning
    • Estate Planning

Business Infrastructure Consulting

Business Infrastructure is grown, not created

Most new businesses, especially in the construction industry, focus only on construction aspect of the business.


However, construction alone is not enough to take your construction company to the next level.


You need Business Infrastructure.

 

Joseph Faulisi, Esq., CPA has spent over 10 years in the real estate and construction industry, auditing and reviewing financial statements and internal controls for private and public clients.


Formally of Ernst and Young, LLP, Joseph was instrumental in conducting reviews and audits.


Now he is using the same skills to create the Business Infrastructure you need to grow your business.  


The three most important steps in Business Infrastructure are:

  1. Financial Reporting
  2. Tax Reporting
  3. Internal Controls

Each will be discussed in detail below:


1. Financial Reporting

Financial Reporting is more than producing a financial statement. It involves keeping a comprehensive general ledger that reflects your true business activities. 


However, keeping a general ledger is not enough. Financial reporting includes controls, tax forecasting, and general housekeeping.


For all intents and purposes, this is how the business’s back end lives and breathes. 


Joseph Faulisi has the experience necessary to implement the financial reporting process for businesses of all sizes. Call Joseph today at (718) 709-9823.


The most common misconception is that financial reporting is only for public companies. This is simply not true. Even the smallest of new construction companies requires financial reporting processes. The best time to implement these processes is at the company’s inception.  


If you have a construction company and are seeking an audit or a review of a financial statement, let us know.  


2. Tax Preparation

Tax preparation is the process of preparing taxes – sounds simple. Most construction companies view tax preparation as something they do in March or April of every year. If you are one of these companies, you are wrong.


The financial reporting process should feed into your tax preparation; it should encompass tax preparation as well as tax forecasting.

 

Joseph Faulisi utilizes his knowledge as a lawyer and a CPA to help individuals and small businesses with tax forecasts that are necessary for any new construction business.


3. Internal Controls

Internal controls are the processes that a company puts in place to ensure the integrity of its financial and accounting information.


During his time at Ernst and Young, LLP, Joseph was involved with the issuance of opinions on the effectiveness of the company's internal control over financial reporting in connection with compliance for: 

  • Auditing Standards No. 5
  • Sarbanes Oxley (SOX) 404

Construction Companies

Acquiring a surety bond should be a natural progression for your construction company if you have business infrastructure.

Free Consultation

  • DISCLAIMER: This site is an “Attorney Advertisement”. The information on this site is not intended to be substituted for individual legal advice, or legal representation on any matter. You must consult an attorney in person for legal advice regarding your individual situation, and, while we invite you to contact us and welcome your calls, letters and electronic mail, merely contacting us does not create an attorney-client relationship. An attorney-client relationship will only be created if and when we enter into a written agreement with respect to legal representation. Please do not send any sensitive or confidential information to us by email or otherwise until such time as an attorney-client relationship has been established in writing and, even then, such information should only be sent in a safe and secure manner. Note prior results do not guarantee a similar outcome.  Please note prior results do not guarantee a similar outcome. 

                                                                                                                                                                                                                                                                                                                                                                                                                      

  • Faulisi Law Firm PLLC proudly serves: Manhasset, Great Neck, Garden City, Ozone Park, South Ozone Park, Woodhaven, Richmond Hill, Howard Beach, Manhattan & NYC, Flushing, Astoria, Bayside, Bellerose, College Point, Corona, Forest Hills, Long Island City, Maspeth, Middle Village, Oakland Gardens, Queens Village, St. Albans, Rego Park, Ridgewood, Fresh Meadows, Woodside, Whitestone, Kew Gardens, Belle Harbor, Rockaway Park, Rockaway Beach, Arverne, Broad Channel, Breezy Point, Marine Park, Mill Basin, Old Mill Basin, Bergen Beach, Gerritsen Beach, Sheepshead Bay, Nassau County - Long Island, Suffolk County - Long Island.

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