Practice Areas

We provide clients and potential clients with information concerning our firm and our unique, low-pressure approach to personal and professional services. We have an excellent client-retention rate, and we are extremely proud of the high-quality services that our firm provides.

We add value. You add time & Profitability. When you are ready to learn more about what we can do for you, we encourage you to contact us.

Tax Preparation 

Are you anxious about filing your own tax returns? Even a simple return may require multiple forms. The instructions often evoke more questions than answers. While a computer software program may help, there’s no substitute for the quality of service and advice you’ll receive from an experienced tax professional.

Here are a few of the benefits you’ll reap when using our service:

  • We’ll prepare all of the appropriate forms and record all figures and calculations accurately.

  • We’ll make sure that you receive all of the deductions and credits to which you are entitled.

  • We’ll file your return electronically to speed delivery of refunds.

  • We’ll work with you to adjust your payroll withholding to make sure you send the right amount to each tax authority – no more, no less.

  • We’ll show you how to adjust your finances to take advantage of tax benefits on future returns.

Are you a sole proprietor? Have you been so focused on your business that you haven’t paid close attention to your books? No worries! We’ll tidy things up and prepare your Schedule C as part of your personal income tax return. Then we’ll help you set up an easy system to keep your books current going forward.

We also provide Business tax preparation services to C-Corporations, S-Corporations, Partnerships, Estates and Trusts, and exempt organizations. 

Tax Planning

Proactive planning is the key to minimizing your tax liability. We work with businesses and individuals to pay the least amount of tax required by law. A few of the strategies that we consider include:

  • Splitting income among several family members or legal entities to take advantage of lower income tax brackets

  • Shifting income or expenses from one year to another when it can yield a lower tax rate

  • Deferring or eliminating tax liability through use of tax-advantaged investment vehicles

  • Tracking all expenses eligible for itemized deduction

  • Taking advantage of tax credits

Your unique circumstances will determine the strategies that we can employ to maximize the money you keep in your pocket.

Payroll Service

Managing the employee payroll is not a simple matter of calculating the amounts due, writing checks, and handing them out. There’s a host of government reporting and record keeping requirements that comes with the job. And there are adverse consequences if you get it wrong.

There are 5 good reasons for outsourcing this function:

  • You’ll save money by letting the experts attend to the task efficiency and accurately.

  • You’ll avoid penalties associated with payroll tax calculation errors or missed filing deadlines.

  • We’ll handle employee questions and concerns, and research any issues they uncover.

  • You’ll receive comprehensive reporting to help manage your business and attend to any special requirements.

  • You’ll gain valuable time to focus on running your business.

 

We offer payroll service to different business owners and non-profit clients. Service include:

  • Vacation, sick, and personal day accruals and tracking

  • IRS and State tax reporting plus Electronic Federal Tax Payment System (EFTPS) deposits

  • Monthly, quarterly, and annual payroll tax reports

  • New hire file creation and reporting

  • W-2, W-3, and 1099 preparation

Accounting Service

We’ll create and maintain a chart of accounts to capture all of your financial transactions, provide the right information to manage your business, and prepare federal, state, and local tax returns. Through periodic internal audits, we’ll identify and resolve discrepancies (e.g., double billings, unrecorded payments) to ensure that you have a complete and accurate picture of your financial position.

Bank Reconciliation

While a clean set of “books” is a key objective for every accountant, it’s also important to match the accounting records with the monthly bank statements. Our bank reconciliation services ensure that every deposit and withdrawal aligns with entries into your accounting records. This assessment enables us to identify lost deposits, lost checks, unauthorized transactions, and inappropriate bank fees. It triggers investigation into any fraudulent activity (identity theft, forgery, embezzlement, etc.), and expedites restitution. And it gives you a clearer picture of your cash position for addressing planned outlays and investments.

Financial Statement Preparation

We can prepare a complete set of financial statements to help you assess the health of your business. This package includes:

  • A Balance Sheet that gives you a snapshot of your overall financial condition at month, quarter, and/or year end

  • An Income Statement (a.k.a. Profit and Loss Statement) that summarizes revenues, expenses, and net profits so you can assess the operating performance of your business

  • A Comparison of Actual Performance to Budget so you can identify trouble spots in your revenue stream or spending patterns

  • A Cash Flow Statement that shows how changes in your Balance Sheet and Income Statement affect your available cash

  • Estimated tax liabilities

Our analysis of your financial statements helps you frame strategic initiatives (e.g., business expansion, acquisition) as well as tactical plans (e.g., accounts receivable and accounts payable management). Professionally prepared financial statements are also an essential resource when dealing with creditors (e.g., vendors, banks) and investors.

Individual Consultation

When you use our professional accounting services, you get more than a collection of records and reports. You get the benefit of our skills, experience, and expertise. We’re happy to invest the time to make sure that you understand and utilize all of the information we provide. Call us whenever you have a question or concern.

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Accounting & Tax Financial Services

27 John St Kearny, NJ 07032

Phone: 1-888-611-5523
Fax: 201-604-6331

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