This web site is to introduce our firm and to provide information about the services we can offer to individuals and small to medium-sized businesses in the New Jersey, New York and Pennsylvania tri-state area. This secure extension of our site is designed to allow them access to various documents, including, current and prior year's tax returns, to print a copy of their completed individual, corporate and partnership returns and future archived returns 24/7.
For our business clients we can provide you with a secure portal and "Software as a Service (SAAS)", also known as cloud computing, to perform your bookkeeping and payroll functions, or we can do it for you, 24/7 anywhere you have access to the internet. As a result you no longer will have to get updates to your software, make back-ups and send back-ups to our firm to work on your accounting records.
Your "software as a service" is always up to date, your data is always secure and backed up and we have access to your accounting and payroll records so that we can review them and prepare the necessary income and payroll returns and financial statements if required.
For our business clients we can provide you with a secure portal and "Software as a Service (SAAS)", also known as cloud computing, to perform your bookkeeping and payroll functions, or we can do it for you, 24/7 anywhere you have access to the internet. As a result you no longer will have to get updates to your software, make back-ups and send back-ups to our firm to work on your accounting records.
Your "software as a service" is always up to date, your data is always secure and backed up and we have access to your accounting and payroll records so that we can review them and prepare the necessary income and payroll returns and financial statements if required.
Services
Joseph has over 35 years of public accounting experience serving Central and Northern New Jersey clients in a variety of industries, including, construction, residential real estate, environmental, retail, manufacturing, personal and professional services and transportation.
Joseph graduated Seton Hall University with a B.S. degree in Accounting.
Out of school he started working for J.H. Cohn and Company, now, CohnReznick and other firms before starting on his own in 1987.
Joseph served four years acative and two years reserve with the United States Marine Corps.
Joseph graduated Seton Hall University with a B.S. degree in Accounting.
Out of school he started working for J.H. Cohn and Company, now, CohnReznick and other firms before starting on his own in 1987.
Joseph served four years acative and two years reserve with the United States Marine Corps.
Software as a Service (SAAS) (cloud computing) bookkeeping and payroll on your own secure portal.
5 Responding to I.R.S. and State letters and notifications and I.R.S. and State Representation.
Personal and Professional services, Construction, Real Estate, Retail, Manufacturing, Environmental and Transportation.
5 Responding to I.R.S. and State letters and notifications and I.R.S. and State Representation.
Personal and Professional services, Construction, Real Estate, Retail, Manufacturing, Environmental and Transportation.
Have you just started a new business?
Did you know expenses incurred before a business begins operations are not allowed as current deductions?
Generally, these start up costs must be amortized over a period of 180 months beginning in the month in which the business begins.
However, based on the current tax provisions, you may elect to deduct up to $5,000 of business start-up and $5,000 of organizational costs paid or incurred.
The $5,000 deduction is reduced by any start-up or organizational costs which exceed $50,000.
Did you know expenses incurred before a business begins operations are not allowed as current deductions?
Generally, these start up costs must be amortized over a period of 180 months beginning in the month in which the business begins.
However, based on the current tax provisions, you may elect to deduct up to $5,000 of business start-up and $5,000 of organizational costs paid or incurred.
The $5,000 deduction is reduced by any start-up or organizational costs which exceed $50,000.
Following are some generally recognized financial planning tools that may help you reduce your tax bill.
Charitable Giving - Instead of selling your appreciated long-term securities, donate the stock instead and avoid paying tax on the unrealized gain while still getting a charitable tax deduction for the full fair market value.
Health Savings Accounts (HSAs) - If you have a high deductible medical plan you can open an HSA and make tax deductible contributions to your account to pay for medical expenses.
Charitable Giving - Instead of selling your appreciated long-term securities, donate the stock instead and avoid paying tax on the unrealized gain while still getting a charitable tax deduction for the full fair market value.
Health Savings Accounts (HSAs) - If you have a high deductible medical plan you can open an HSA and make tax deductible contributions to your account to pay for medical expenses.
It's possible there could be additional extensions, so check with your tax advisor for the latest information.
Individuals must pay the third installment of 2021 estimated taxes, if not paying income tax through withholding (Form 1040-ES).
Calendar-year corporations need to pay the third installment of 2021 estimated income taxes.
Calendar-year S corporations must file a 2020 income tax return (Form 1120S) and pay any tax, interest and penalties due, if an automatic six-month extension was filed.
Individuals must pay the third installment of 2021 estimated taxes, if not paying income tax through withholding (Form 1040-ES).
Calendar-year corporations need to pay the third installment of 2021 estimated income taxes.
Calendar-year S corporations must file a 2020 income tax return (Form 1120S) and pay any tax, interest and penalties due, if an automatic six-month extension was filed.
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