Build Your Wealth
Brooklyn Coop’s mission is to build wealth, resilience and opportunity in the communities we serve. Aside from providing just and affordable bank accounts and loans, we assist members to create and achieve their long-term financial goals.
Brooklyn Coop partners with leaders in the field to provide personal financial counseling services to community members: Neighborhood Trust Financial Partners, and Grow Brooklyn. These counselors are available to provide free financial counseling — including a comprehensive review of your credit history — at either of our locations.
Submitting timely and accurate tax returns is a tremendous challenge for any business, whether you work out of your home or run a corporation. Entrepreneurs can get nervous about filing their self-employment taxes correctly. Yet neglecting your tax reporting obligations risks the loss of your hard-earned business assets due to IRS penalties for noncompliance or to errors in tax reporting.
Brooklyn Coop’s small business tax counselors are IRS-certified professional preparers with over a decade of experience. Click here to see our rates, or call us for a free consultation. Tax prep rates start at $75.
From Caro, Feb 2019: “As a first time freelancer, tax season was frightening to say the least. I had no idea what to expect or how to file as an independent contractor with a variety of jobs. After attending an informative free tax advice session at Brooklyn Cooperative I immediately booked a tax prep meeting with Laurel.
Laurel went through my taxes with me step by step to make sure that I understood the process and helped me set up my quarterly taxes to put me in a better position for the 2019 tax year. This was honestly the best $150 I have ever spent. I really appreciate all of the hard work put in by the Brooklyn Coop team to empower me, and other individuals in a similar position with financial education. Thank you Laurel!!! ”
For information about preparing your business tax return, contact Tammy at email@example.com and 718-418-8232 x2110, or Laurel at firstname.lastname@example.org and x2112.
Neighborhood Trust Financial Partners also delivers its signature Getting Ahead Program—a package of financial education and counseling and financial services—at Brooklyn Coop. The free program is open to all credit union and community members.
The Getting Ahead Program includes a comprehensive 10-hour financial education course and one-on-one financial counseling. A specially-trained Financial Counselor works with participants to create individualized Financial Action Plans. Participants learn about budgeting, reducing debt and accessing affordable financial services on a path to achieving long-term goals such as retirement, homeownership, higher education or entrepreneurship. The Financial Counselor provides clients with follow-up financial counseling for at least two years to ensure that they are achieving their goals. Throughout the course, the Financial Counselor provides clients with opportunities to immediately take action on lessons learned through access to financial services at Brooklyn Cooperative, where graduates are eligible for a free savings account.