Fractional CFO and CPA firm · Morris Plains, New Jersey
Since 2016, we have run the finance function for owner-led companies with $2M–$50M in revenue. One firm owns the forecast, the monthly close and the tax plan, with particular depth in New York–New Jersey tax.
5.0 on Google (6 reviews)
Led by Prasanna Thiruvenkatachari, CPA, CFE, CGMA · 20+ years · Firm established 2016
Rated 5.0 out of 5 on Google from 6 reviews.
For over 10 years, Prasanna was the CFO every business hopes to find. At our Secaucus, NJ apparel company, with operations across New York and overseas, he saved us significant costs, built accounting systems that simply work and brought sharp technical skill to flawless execution. He is curious, principled and someone you can trust completely with your finances. Simply put: Prasanna delivers. Highly recommended.
Prasanna Thiruvenkatachari, CPA, at Shree Accounting LLC helped us defend our solar energy credit after the IRS issued a notice disallowing it. He researched our case in depth and prepared a well-organized Tax Court petition package, fully supported by the tax code and IRS guidance. Credit restored, penalties waived. An outstanding first experience. Highly recommend!
We have been filing our taxes through Prasanna at Shree Accounting LLC for over three years, and we have consistently had a great experience. He is very knowledgeable about tax laws, thorough in his work, and dependable. … We especially appreciate his professionalism, attention to detail, and trustworthy advice.
Fractional CFO leadership, built on a monthly close and a year-round tax plan we run ourselves. Because one firm owns the forecast, the books and the returns, they agree.
The lead service
CFO leadership on retainer, without a full-time hire, for companies with $2M–$50M in revenue: cash, margins, pricing and growth, with the tax consequence modeled before you commit.
The foundation
We take ownership of your accounting function, from a disciplined monthly close to payroll and controls, so your numbers are ready for decisions.
The foundation
Proactive planning for the business and its owners in every state where you file, so tax is managed through the year, not discovered in April.
Tax planningTax preparationMulti-state tax and nexusExecutives and high earners
Clear, decision-ready work product, not just filings. Samples with illustrative numbers:
| Revenue | $412,300 +6.2% |
|---|---|
| Gross margin | 38.4% |
| Operating cash | $186,900 |
| Days sales outstanding | 41 |
| Projected federal and NJ tax | $148,200 |
|---|---|
| Paid to date | $112,000 |
| Q3 estimate, Sep 15 | $18,100 |
| Moves to decide by Dec 31 | 3 |
We configure industry-specific automation and AI tools that connect your systems, departments and workflows: invoices read and coded, payouts matched, approvals routed, dashboards that update themselves. Less manual work and fewer errors, with a person reviewing every step, access controls and encrypted document exchange.
A CFO and a CPA in one relationship. Clear fees. Planning before deadlines. Real depth where North Jersey companies most often get caught: multi-state and New York–New Jersey tax.
| Area | What you can expect |
|---|---|
| CFO, accounting and tax | One firm runs the forecast, closes the books and prepares the business and owner returns, so the numbers and the advice agree. |
| Track record | Established in 2016 and led by a CPA with more than 20 years in accounting, tax and finance leadership. |
| Who leads your work | A CPA leads and reviews every engagement. |
| Pricing | Flat monthly or per-project fees, agreed in writing before work starts. |
| Planning | A mid-year projection and year-end planning in every ongoing tax engagement. |
| Quick questions | Quick emails get answered, not invoiced. |
Residency decides which state taxes all of your income. Spending more than 183 days in New York while keeping a permanent home there for substantially all of the year can make you a New York resident even if you live in New Jersey. We review your footprint before the state does.
If your employer is in New York and you work from home in New Jersey by choice, New York may still tax those wages under its convenience rule. We get the sourcing and the New Jersey credit right on both returns.
Sales, staff and property in other states create filing duties. For pass-through owners, New Jersey’s BAIT and New York’s PTET can also turn state tax into a federal deduction outside the SALT cap.
Prasanna Thiruvenkatachari founded Shree Accounting in October 2016. He brings more than two decades in accounting, tax and finance leadership, and sets the standard every engagement is held to.
Owners get a CFO’s judgment and a CPA’s precision in one relationship. Since 2016 that has meant the same experienced attention year after year, so advice builds on what we already know about your business. Complex matters stay with the people who know your business, from start to finish.
CPA (New Jersey) · CFE · CGMA · M.S., NYU Stern
Owner-led companies first, and the owners, executives and families behind them. Find your situation and see what we handle at each stage.
Monthly close and reporting, finance team support, cash forecasting and multi-state compliance.
One firm for bookkeeping, payroll and tax, the right entity and the owner’s personal return.
Healthcare, law and consulting partnerships and S-Corps: owner pay, retirement plans, BAIT and PTET.
Form 990 and 1120-H returns, reserve accounting and coordination of trusts and estates.
Returns and planning for credits, education, a home purchase or sale, rental property and retirement.
RSUs and stock options, withholding gaps, wages taxed by New York and New Jersey, and estimated payments.
Quarterly estimates, deductions, retirement plans and the point where an S-Corp starts to pay off.
Foreign earned income exclusion or foreign tax credit, FBAR and FATCA, and moving back to the US.
Three situations we handle often. Details are anonymized and representative, not accounts of any single client.
Multi-state nexus
A software business selling nationwide had sales-tax obligations in several states it didn’t know about. We quantified the exposure, filed voluntary disclosures to limit the lookback, and set up threshold monitoring.
Entity strategy
A profitable consultant operating as a sole proprietor was overpaying self-employment tax. We modeled the trade-offs, made an S-Corp election with a reasonable salary, and set estimates from a mid-year projection.
NJ / NY
A multi-partner firm with NJ and NY income was losing state tax deductions to the SALT cap. We implemented the NJ BAIT election and coordinated estimates with each partner’s personal return and resident credit.
A 45-minute call with an experienced CPA about your books, payroll, tax and the states you operate in, and what needs attention first.
A written analysis and engagement proposal within five business days, with no obligation to proceed.
We clean up or set up the books, register payroll and tax accounts, fix any back periods and build your filing calendar while you run the business.
A monthly close, quarterly reviews with a tax projection and year-round access to your CPA.
Tools: Tax readiness check 2026 federal tax estimator Key due dates
Plain-English explanations of common tax questions for New Jersey and New York taxpayers. All articles
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Short answers to common questions. Anything else, just ask.
We are based at 688 Tabor Road in Morris Plains and serve individuals and businesses across Morris County, NJ, including Morristown, Parsippany, Denville, Madison and Florham Park. We also work with clients throughout New Jersey, New York and the United States, online or in person.
Both. We prepare and plan personal returns for families, W-2 professionals and executives, the self-employed and Americans abroad, and we handle the business and owner returns together for business clients.
Yes. Federal tax is federal, and we prepare state returns nationwide, from solo founders to multi-state partnerships. The NY/NJ corridor is our deepest specialty, and we also work with clients in other states and Americans abroad with US filing obligations.
Yes. The same firm closes your books each month, runs payroll and files payroll taxes in every state where you have staff, and prepares the business and owner returns from those books. You can also start with one piece and add the rest later.
It’s a structured monthly retainer. We attend board or management meetings, own the financial reporting package, build and maintain your rolling forecast, and act as an adviser on capital allocation, pricing and investor communications. It typically suits companies with $2 million to $50 million in revenue.
Potentially, yes. A single employee working in New York can create both payroll tax nexus and corporate income tax nexus for your company there. We’ll determine whether their role and compensation trigger a filing obligation and help you register correctly, or document a position if the activity is de minimis.
New Jersey’s Business Alternative Income Tax lets eligible pass-through entities pay tax at the entity level, creating a federal deduction that effectively gets around the federal SALT cap for the owners. It is most valuable when an owner’s state and local taxes exceed the federal SALT cap ($40,400 for 2026, reduced for income above $505,000), and it needs precise calculation to avoid overpaying and to make sure the NJ credit flows correctly to the owners’ personal returns.
A 45-minute call with an experienced CPA, by phone, video or at our Morris Plains office.
Prefer to talk now? (201) 888-1035 or pras@shreecpas.com
Thank you. We’ll be in touch within one business day to schedule your strategy call.
Need to talk sooner? Call (201) 888-1035.