# Fractional CFO & CPA in Morris Plains, NJ | Shree AccountingSource: https://shreecpas.com/ Publisher: Shree Accounting LLC, 688 Tabor Road, Morris Plains, NJ 07950 · (201) 888-1035 · pras@shreecpas.com> Fractional CFO and CPA firm in Morris Plains, NJ since 2016: CFO advisory, monthly accounting and tax planning for owner-led companies with $2M–$50M in revenueFractional CFO and CPA firm · Morris Plains, New Jersey# CFO-level strategy for growing New Jersey companies, without a full-time CFO.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.Schedule a free strategy session [How a fractional CFO engagement works](https://shreecpas.com/services/fractional-cfo/)[Image: Prasanna Thiruvenkatachari, CPA] 5.0 on Google (6 reviews) Led by Prasanna Thiruvenkatachari, CPA, CFE, CGMA · 20+ years · Firm established 2016## Your finance function, owned| Area | What you can count on | | --- | --- | | CFO advisory | A 13-week cash forecast, margins and pricing, and decisions with the tax effect worked out first. | | Accounting | Books closed and checked by a CPA every month, payroll filed in every state where you have staff. | | Tax | Planning before year-end, elections tracked to their deadlines, returns for the business and its owners. | | Systems | Connected software and AI tools that cut manual work, with a person reviewing. |One firm accountable for all of it. Book a free strategy session- **Licensed CPA, New Jersey** [License 20CC04802400 · verify](https://newjersey.mylicense.com/verification/) - **Certified Fraud Examiner** CFE credential - **CGMA designation** Chartered Global Management Accountant - **5.0 on Google** 6 client reviews - **Encrypted client portal** Secure document exchange via TaxDome - **Established 2016** Morris Plains, New Jersey## What clients say.Rated 5.0 out of 5 on Google from 6 reviews.[Read all reviews on Google](https://g.page/r/CTZxYy5bOf_6EAE/review)> 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.**Kamal Uttamsingh** Google review> 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!**Vinayan Rajasekhar** Google review> 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.**Sai Vijay** Google review## One firm for the whole finance function.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### [Fractional CFO and advisory](https://shreecpas.com/services/cfo-advisory/)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.- 13-week cash forecast and annual budget - Margin, pricing and KPI reporting - Lender, investor and board readiness - Training for your in-house accountants - Accounting software selection and set-up[Fractional CFO](https://shreecpas.com/services/fractional-cfo/) [Finance automation and AI tools](https://shreecpas.com/services/finance-automation-ai/)The foundation### [Client accounting services](https://shreecpas.com/services/client-accounting-services/)We take ownership of your accounting function, from a disciplined monthly close to payroll and controls, so your numbers are ready for decisions.- Books reconciled and closed every month - Financial statements prepared and checked by a CPA - Reports on the schedule in your engagement letter - Payroll and filings in every state where you have staff - Approval workflows and fraud-risk controls[Bookkeeping, payroll and tax](https://shreecpas.com/services/small-business-accounting/) [Nonprofits and Form 990](https://shreecpas.com/nonprofit-form-990-cpa-in-nj/)The foundation### [Tax advisory](https://shreecpas.com/services/tax-advisory/)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.- Mid-year projections and year-end planning - Entity choice, S-Corp, BAIT and PTET elections - Business and owner returns in every state - Multi-state nexus reviews and voluntary disclosure - IRS and state audit representation[Tax planning](https://shreecpas.com/services/tax-planning/) [Tax preparation](https://shreecpas.com/services/tax-preparation/) [Multi-state tax and nexus](https://shreecpas.com/services/multi-state-tax/) [Executives and high earners](https://shreecpas.com/services/tax-planning-for-high-earners/)### What you receiveClear, decision-ready work product, not just filings. Samples with illustrative numbers:Monthly close reportSeptember| Revenue | $412,300 +6.2% | | --- | --- | | Gross margin | 38.4% | | Operating cash | $186,900 | | Days sales outstanding | 41 |All accounts reconciled · checked by a CPATax projection2026, mid-year| 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 |BAIT, retirement funding, timing of a sale13-week cash forecastUpdated weeklyLow point week 7: $84k, above the minimum### Automation and AI tools for your finance workflowsWe 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.[See how it works](https://shreecpas.com/services/finance-automation-ai/)## Why owners choose us.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. |### Our edge: New York and New Jersey, and every state you touchOur office in Morris Plains, Morris County, works with companies and owners on both sides of the Hudson. Map: US Census Bureau boundaries.#### 1. Where you liveResidency 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.#### 2. Where you workIf 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.#### 3. Where your business earnsSales, 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.[NJ/NY commuter tax](https://shreecpas.com/services/nj-ny-commuter-tax/) [Multi-state tax and nexus](https://shreecpas.com/services/multi-state-tax/)[Image: Portrait of Prasanna Thiruvenkatachari, founder and managing principal of Shree Accounting]**Prasanna Thiruvenkatachari** Founder and Managing Principal## Experienced judgment on every engagement.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[More about the firm](https://shreecpas.com/about/)## Who we help.Owner-led companies first, and the owners, executives and families behind them. Find your situation and see what we handle at each stage.### Businesses and organizations1. [Growing and mid-sized companies](https://shreecpas.com/who-we-help/#growing) Monthly close and reporting, finance team support, cash forecasting and multi-state compliance. 2. [Owner-run small businesses](https://shreecpas.com/who-we-help/#small) One firm for bookkeeping, payroll and tax, the right entity and the owner’s personal return. 3. [Professional practices](https://shreecpas.com/who-we-help/#practices) Healthcare, law and consulting partnerships and S-Corps: owner pay, retirement plans, BAIT and PTET. 4. [Nonprofits, HOAs and family offices](https://shreecpas.com/who-we-help/#organizations) Form 990 and 1120-H returns, reserve accounting and coordination of trusts and estates.### Individuals1. [Individuals and families](https://shreecpas.com/who-we-help/#families) Returns and planning for credits, education, a home purchase or sale, rental property and retirement. 2. [Professionals and executives](https://shreecpas.com/who-we-help/#executives) RSUs and stock options, withholding gaps, wages taxed by New York and New Jersey, and estimated payments. 3. [Self-employed and 1099 earners](https://shreecpas.com/who-we-help/#self-employed) Quarterly estimates, deductions, retirement plans and the point where an S-Corp starts to pay off. 4. [Americans abroad and cross-border](https://shreecpas.com/who-we-help/#abroad) Foreign earned income exclusion or foreign tax credit, FBAR and FATCA, and moving back to the US.### Industries we serve- [Healthcare practices](https://shreecpas.com/industries/#healthcare) - [Law and professional services](https://shreecpas.com/industries/#professional) - [Construction](https://shreecpas.com/industries/#construction) - [Wholesale and import](https://shreecpas.com/industries/#distribution) - [E-commerce and SaaS](https://shreecpas.com/industries/#ecommerce) - [Real estate investors](https://shreecpas.com/industries/#real-estate) - [Nonprofits](https://shreecpas.com/industries/#nonprofit) - [HOAs](https://shreecpas.com/industries/#hoa) - [Family offices](https://shreecpas.com/industries/#family-office) - [Multi-state employers](https://shreecpas.com/industries/#employers)## The kind of problems we solve.Three situations we handle often. Details are anonymized and representative, not accounts of any single client.Multi-state nexus### The SaaS company that didn’t know it owed tax in several statesA 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### The consultant overpaying in self-employment taxA 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### The partnership wrestling with the SALT capA 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.Bring us your situation## How an engagement starts.1. ### Free strategy sessionA 45-minute call with an experienced CPA about your books, payroll, tax and the states you operate in, and what needs attention first. 2. ### Diagnostic and proposalA written analysis and engagement proposal within five business days, with no obligation to proceed. 3. ### ImplementationWe 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. 4. ### Ongoing advisoryA monthly close, quarterly reviews with a tax projection and year-round access to your CPA.**Tools:** [Tax readiness check](https://shreecpas.com/tax-tools/#readiness) [2026 federal tax estimator](https://shreecpas.com/tax-tools/#calculator) [Key due dates](https://shreecpas.com/tax-tools/#due-dates)## InsightsPlain-English explanations of common tax questions for New Jersey and New York taxpayers. [All articles](https://shreecpas.com/blog/)July 13, 20264 minute read### [Beyond the Stethoscope: Why Healthcare Professionals Need a Specialized Tax Strategist](https://shreecpas.com/beyond-the-stethoscope-why-healthcare-professionals-need-a-specialized-tax-strategist/)Many healthcare professionals treat tax season as a historical archiving exercise. They gather W-2s, 1099s, and K-1s, hand everything to a generalist preparer, claim…June 24, 20263 minute read### [CPA for Medical Practices in NJ](https://shreecpas.com/cpa-for-medical-practices-in-nj/)Accounting, proactive tax planning, and advisory built specifically for NJ physicians, dental practices, and healthcare groups—from solo practitioners to multi-provider…June 24, 20262 minute read### [RSUs and Taxes: Why High Earners Get a Surprise Bill](https://shreecpas.com/rsu-taxes/)If you work for a public company—or a private one heading toward an IPO—a chunk of your compensation probably comes as Restricted Stock Units (RSUs). They're a great…## Things clients ask before engaging.Short answers to common questions. Anything else, just ask.Ask us directly### Which areas do you serve?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.### Do you work with individuals, or only businesses?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.### Can you work with clients in any state?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.### Can one firm handle our bookkeeping, payroll and tax?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.### What does a fractional CFO engagement look like?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.### We’re a NJ-based company but one employee works from NY. Do we have an issue?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.### What is the NJ BAIT election and should my S-Corp use it?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.## Schedule your free strategy session.A 45-minute call with an experienced CPA, by phone, video or at our Morris Plains office.**What we cover** Where your books, cash and taxes stand, anything urgent, and what we would do first.**What you leave with** A short list of priorities you can act on, whether or not you engage us. If you want help, a written proposal with a fixed fee follows within five business days.**Who it suits** Owners of growing companies, and the executives and families behind them, especially with New York–New Jersey or multi-state questions.- **Experienced attention.** Every engagement is led and reviewed by a CPA. - **Encrypted document exchange.** Documents move through an encrypted TaxDome portal, not email attachments. - **A reply within one business day.** From a CPA who knows your file. - **Written engagement letters.** Scope and fees agreed in writing before work starts.Prefer to talk now? [(201) 888-1035](tel:+12018881035) or [pras@shreecpas.com](mailto:pras@shreecpas.com)--- General information, not tax advice for your situation.