Do you want to work with an accounting firm that is commited to providing the first-class business and tax solutions? Want an accounting firm that can help you build a competitive advantage, manage your business with effeciency and server clients at low cost? Would you like to work with an expert that can help grow your wealth and reduce your worries?
Want an accounting firm that is on your side to help build a better future for you and those around you? William Somers, CPA, LLC is a full-service accounting firm serving clients throughout the New Jersey, New York and Pennsylvania tri-state area. For over 30 years, Mr. Somers has been commited to providing clients with professional, personalized services and guidance in a wide range of financial and business needs.
Mr. Somers' dedication to assisting businesses and individuals in the areas of accounting and taxation has made him an invaluable assets to his clients and community. This site offers clients and non-clients alike online resources to assist in your individual tax process and financial decision-making.
Want an accounting firm that is on your side to help build a better future for you and those around you? William Somers, CPA, LLC is a full-service accounting firm serving clients throughout the New Jersey, New York and Pennsylvania tri-state area. For over 30 years, Mr. Somers has been commited to providing clients with professional, personalized services and guidance in a wide range of financial and business needs.
Mr. Somers' dedication to assisting businesses and individuals in the areas of accounting and taxation has made him an invaluable assets to his clients and community. This site offers clients and non-clients alike online resources to assist in your individual tax process and financial decision-making.
Services
For years, William Somers, CPA, LLC has been providing quality, personalized financial guidance to local individuals and businesses.
Our expertise ranges from basic tax management and accounting services to more in-depth services such as audits, financial statements, and financial planning.
William Somers, CPA, LLC is one of the leading firms in and throughout the Northwest and Central New Jersey area.
By combining our expertise, experience and the team mentality of our staff, we assure that every client receives the close analysis and attention they deserve.
Our expertise ranges from basic tax management and accounting services to more in-depth services such as audits, financial statements, and financial planning.
William Somers, CPA, LLC is one of the leading firms in and throughout the Northwest and Central New Jersey area.
By combining our expertise, experience and the team mentality of our staff, we assure that every client receives the close analysis and attention they deserve.
William Somers, CPA, LLC provides a wide range of services to individuals and businesses in a variety of industries.
At William Somers, CPA, LLC, we strive to meet each client's specific needs in planning for the future and achieving their goals in an ever-changing financial and regulatory environment.
At William Somers, CPA, LLC, we guide our clients through a full range of tax planning and preparation decisions with strategies that minimize your tax liabilities, maximize your cash flow and keep you on track to your financial goals.
At William Somers, CPA, LLC, we strive to meet each client's specific needs in planning for the future and achieving their goals in an ever-changing financial and regulatory environment.
At William Somers, CPA, LLC, we guide our clients through a full range of tax planning and preparation decisions with strategies that minimize your tax liabilities, maximize your cash flow and keep you on track to your financial goals.
Family-Owned businesses are the backbone of our local economies.
WSCPA is a family owned business that takes great pride in helping other family owned businesses focus on and thrive at what they do best.
Whether you are renting out your second home or managing a portfolio of properties, we help individuals and businesses get and stay on top of their investments.
Our firm focuses on the business of law, so you can focus on the legal needs of your clients.
Our litigation support, accounting, and bookkeeping services allow your team to concentrate on the practice of law.
WSCPA is a family owned business that takes great pride in helping other family owned businesses focus on and thrive at what they do best.
Whether you are renting out your second home or managing a portfolio of properties, we help individuals and businesses get and stay on top of their investments.
Our firm focuses on the business of law, so you can focus on the legal needs of your clients.
Our litigation support, accounting, and bookkeeping services allow your team to concentrate on the practice of law.
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.
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