We Are Entrepreneurs Serving Entrepreneurs
Meet Your Trusted TFW Advisor™
Lloyd Ippolito
Certified Public Accountant (CPA)
Educational Background:
B.S. in Applied Mathematics and Statistics, minors in Accounting and Computer Science – Stony Brook University
M.B.A. in Accounting – Stony Brook University
Certified Public Accountant, New York State Education Department
Certified Tax Coach (CTC), American Institute of Certified Tax Planners
Service: U.S. Nationwide
Years of Experience: 16 years
About Lloyd
Lloyd is a second-generation CPA. He started his career in public accounting working for his father, Anthony Ippolito, in his practice while still in high school preparing write-ups.
While obtaining his degree and following graduation, Lloyd held positions at RiseWell Community Services, Inc., a regional non-profit organization headquartered in Long Island including serving as the number two position in the Finance department with a team of 25 people. In his role he was responsible for the controllership aspects, including oversight of the billing, accounts receivable, procurement and accounts payable, payroll and general ledger teams; and for the budgets of over one hundred programs in an organization with over $60 million in revenue, including maintaining contracts and claim reporting with the New York State Office of Mental Health, the New York State Office of Addiction Services and Supports New York City Department of Health and Mental Hygiene and the Suffolk County Department of Health Services. Lloyd also was significant in developing budgets for new programs and would prepare the agency for its annual audits and Consolidated Fiscal Report (CFR).
Expertise/Specialty:
Real Estate Investors and Short-Term Rental Operators
House Flippers / Land Flippers
Real Estate Agents
Professional service businesses and consultants (doctors, dentists, attorneys, engineers)
Clients who want to transition from full time W2 to full time entrepreneur
Anyone who wants to learn!
Get to Know Lloyd
Preferred Communication Style:
Lloyd loves working with clients who are detailed and organized. He finds high-fact finders will ask the best questions and will maintain their records in the best shape to allow tax preparation to be as smooth as possible.
Clients who are open to changes in their own personal circumstances.
Clients that are open and willing to learn.
Clients who will take action.
Expertise in Real Estate Taxation
Strong Analytical Skills
Deep tax law knowledge and commitment to professional development through continuing education
Client Commitment/Integrity
Tax strategies/advisory
Email communication is often best. Lloyd strives to answer emails within two business days. Loom videos may often be used to review complex ideas
Lloyd finds that most questions are best addressed through meetings (usually via Zoom). Lloyd encourages meetings at least quarterly and to schedule the next meeting so to always have a meeting on the calendar. Ad hoc meetings may be coordinated via Calendly.
We have never encountered a tax emergency: please be respectful and give foresight to questions you may need to ask. Sometimes our response might involve meeting and it may be a week or two out.
Lloyd serves clients across the country but has a physical office location in Valley Stream, NY. Lloyd is happy to meet in person if it is convenient for you.
Lloyd Ippolito
Why I Love Being a CPA for Entrepreneurs:
“Entrepreneurs are the backbone of our economy, yet they are often underserved and go without adequate financial education to 10x their business, or worse, struggle to comply with basic tax obligations due to the lack of education
An ounce of prevention is worth a pound of cure. It can be disheartening to hear a client tax situation after the year has ended and you are preparing their return, when simple strategies can save thousands.
Tax incentives for businesses work because the government either can’t do it themselves or will manage to screw it up (and the government knows this!). Business owners having more capital in their hands and less in government hands is truly a win-win.”