Our professional business formation services include set-up of new business entities, assisting with articles of incorporation and FORMATION. We rely on our extensive experience and continual education to determine the optimal route for business formation and solution for your company.
We assist our clients in selecting the appropriate business entity, carefully selected based on each individual business's requirements. We help you select the business entitY THAT BEST FITS YOUR NEEDS: Sole Proprietorships Single member LLC PARTNERSHIPS (LLC & LLP) "C"Corporations Professional Corporations (P.C.) "S" Corporation ESTATES AND TRUSTS
1.) WE PREPARE AND SUBMIT YOUR ARTICLES OF INCORPORATION AND/OR CERTIFICATE OF FORMATION 2.) WE Prepare and file your application WITH I.R.S. for your Federal Employer Identification Number(FEIN#) 3.) WE Prepare and file all required state and local licenses and permits. 4.) WE REGISTER YOUR NEW BUSINESS FOR FEDERAL AND STATE INCOME TAX, PAYROLL TAX, SALES TAX and local TAX 5.) WE PREPARE, FILE, AND MAINTAIN YOUR ANNUAL REPORT FILING WITH Secretary of state EACH YEAR.
BUSINESS START UP and consulting
Business PLans: We will assist you writing and put into action your new business plan.
SOURCING CAPITAL: We CAN ASSIST you with finding the right bank or private lending GROUP through our EXTENSIVE network of local and regional banks and Loan funding companies.
CASH FLOW & BUDGETING: WE ASSIST YOU IN DEVELOPING YOUR FIRST AND MAINTAINING THE ANNUAL BUDGET PROCESS.
INTERNAL CONTROLS: WE WILL ASSIST YOU WITH PUTTING STRONG INTERNAL CONTROLS IN PLACE BY TEACHING YOU THE BEST ACCOUNTING PRACTICES IN TODAY'S computerized BUSINESS WORLD.
INSURANCE: we will advise you of various mandatory and voluntary insurances needed to start your business.
Human resources- WE OFTEN TAKE CALLS ABOUT PERSONNEL ISSUES. OUR EXTENSIVE KNOWLEDGE WILL HELP YOU MANAGE THE HUMAN RESOURCE CAPITAL PART OF YOUR BUSINESS. WE EDUCATE YOU ON LOCAL LABOR LAWS TO ENSURE YOU ARE IN COMPLIANCE.
consulting services- outsourced cfo, outsourced bill pay, family office, accounting software procurement, temporary project based accounting functions
ACCOUNTING & BOOKKEEPING
We know the importance of providing quality service and quick responses to your questions on tax and accounting matters. Our company provides a full range of accounting services: ACCOUNTING SOFTWARE: WE MOST OFTEN RECOMMEND SMALL BUSINESS START WITH QBOOKS ONLINE. IF YOU ARE A SELF STARTER AND LIKE TO DO YOUR OWN BOOKKEEPING WE WILL THOROUGHLY TRAIN YOU OR YOUR STAFF. WE WILL TEACH YOU HOW TO SPECIFICALLY ORGANIZE AND SET UP YOUR INVOICES, BILLS, PAYROLL RECORDS, AND TAX FILINGS. WE WILL TEACH YOU the BASIC TO MOST ADVANCED FEATURES OF QBOOKS ONLINE WHILE KEEPING COMPLIANT WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES (GAAP). WE SHOW YOU HOW TO RECORD EVERY TRANSACTION YOUR BUSINESS COMES ACROSS. WE TEACH YOU WHAT IS TAX DEDUCTIBLE AND WHAT IS NOT. WE FIND THOSE OVERLOOKED TAX DEDUCTIONS ALL SMALL BUSINESS SEEM TO FORGET LIKE THE HOME OFFICE DEDUCTION, AUTO EXPENSES, AND MEALS & ENTERTAINMENT. BOOKKEEPING: ONE OF THE MOST IMPORTANT BUT OVERLOOKED FUNCTIONS OF A SMALL BUSINESS IS BOOKKEEPING. WE WILL PERFORM THIS SERVICE FOR YOU AT OUR SECURE OFFICES. NO WORK IS OUTSOURCED. YOUR WORK NEVER LEAVES OUR CALDWELL, New Jersey OFFICES. WE OFFER REASONABLE MONTHLY FIXED PACKAGES. PLEASE ASK US FOR A QUOTE TODAY.
FOR THOSE CLIENTS WHO EMBRACE THE internet or CLOUD WE CAN ACCEPT YOUR FINANCIAL RECORDS VIA ENCRYPTED EMAIL, OR UPLOADED to OUR SECURE FIRM PORTAL. WE WILL UPDATE YOUR BOOKS AND STORE YOUR FILE SECURELY ON OUR SERVERS or the cloud. FOR THOSE OF YOU WHO ARE embracing THE CLOUD (I.E. QBOOKS ONLINE), INVITE US AS YOUR ACCOUNTANTS AND WE WILL WORK DIRECTLY IN YOUR FILE for a seamless hassle free experience.
PAYROLL TAX - ALTHOUGH WE CURRENTLY DON'T OFFER PAYROLL SERVICES AT THIS TIME WE ARE WELL VERSED IN THE CONSTANTLY CHANGING TAX LAWS AND RATES OF THE PAYROLL WORLD, WE HAVE PARTNERED WITH SEVERAL NATIONAL AND LOCAL PAYROLL PROCESSING FIRMS TO ENSURE YOUR PAYROLL IS CALCULATED AND REPORTED ACCURATELY. ASK ABOUT OUR PARTNERSHIP AND WE WILL PROVIDE YOU WITH THE RIGHT FIT.
SALES AND USE TAX - (multi jurisdictional) we will assist you on determining what and when a product or service you sell is subject to sales tax. we will assess your MONTHLY AND/OR quarterly SALES AND use tax and remit it on your behalf. we will set up the reportING in your P.O.S. and monitor it to ensure you are properly collecting and remitting on time.
independent contractor reporting - WE WILL PREPARE YOUR ANNUAL FORM 1099's AND FORM 1096 for all payments to your un-incorporated vendors.
BUSINESS TAX PLANNING & TAX PREPARATION
We offer a complete range of tax planning and preparation services to help businesses ensure they are in compliance with all the necessary tax filings and reduce the overall taxation allowed by law. We are continually involved in professional education in order to stay current with new legislation, tax laws, and provide our clients with the most comprehensive tax strategies.
Our tax services include:
Quarterly tax estimates - WE ROUTINELY PROVIDE TAX PLANS AND REVISE QUARTERLY TAX ESTIMATES FOR BUSINESS WHOSE BUSINESS HAS RAPIDLY GROWN. YOU WILL NOT BE SURPRISED BY UNKNOWN TAX LIABILITIES. OUR "PROFIT WATCH" SERVICE (IF SELECTED) MONITORS YOUR BUSINESS PROFITABILITY AS IT HAPPENS.
c-corporate tax preparation (form 1120 + STATE AND LOCAL ) s-corporation tax preparation (form 1120s + STATE AND LOCAL) single member llc tax preparation (form 1040: schedule c + state and local) multi member llc (partnership) tax preparation (form 1065 + state and local) WE also provide International Tax Planning and preparation for those foreign owned u.s. startup companies.
FINANCIAL STATEMENTS
AS YOUR BUSINESS GROWS, you will often be asked by third parties (Banks, bonding INSURANCE companies, sureties, franchisors,etc )to provide them with financial statements signed by your CPA firm. THESE THIRD PARTIES are trying to obtain some level of assurance that your financial statements are free of material misstatements.
WE OFFER (2) TWO OF THESE LEVELS OF ASSURANCES........... 1.)COMPILATIONS 2.)REVIEWS
We are a peer reviewed FIrm as required by New Jersey State Board of Accountancy. accordingly, We are a member FIRM of the NJCPA / AICPA peer review program administered by NJ society of CPA's. You can find our most recent peer review results by clicking on following link......PEERREVIEW.AICPA.ORG/PUBLIC_FILE_SEARCH.HTML
1.) Compilations (NO LEVEL OF ASSURANCE) - We Use the financial information you provide from your accounting software and from them prepare financial statements without providing any assurances. THIS IS THE LOWEST LEVEL OF ASSURANCE A CPA FIRM CAN PROVIDE HENCE IT iS THE MOST COST EFFECTIVE for your business.
2,) Reviews (LIMITED LEVEL OF ASSURANCE) - We perform procedures such as inquiries of staff and analytical procedures that will allow us to report that there are no material modifications that need to be made to your financial statements. A review provides more assurance than a compilation Hence is often MORE WIDELY requested and ACCEPTED BY THIRD PARTY USERS OF YOUR FINANCIAL STATEMENTS. HOWEVER, IT REQUIRES MORE WORK (INQUIRIES and ANALYTICAL PROCEDURES) SO IT IS MORE COSTLY THAN A COMPILATION.
INDIVIDUAL TAX PLANNING AND TAX PREPARATION
We offer a complete range of Individual tax planning and tax preparation services for IRS filings as well as all 50 states in the u.s.
For our high net worth individuals we offer quarterly tax planning engagements so that you pay your fair share of taxes and not a penny more as the year progresses.
We also provide.... 1.) state and LOCAL INCOME TAX (SALT) return preparation (city of PHiladelphia, LOCAL PA tax, NYC) 2.) IRS and State TAX NOTICE REsponse and reSOLUTION 3.) IRS AND STATE aUDIT REPRESENTATION
ESTATE & TRUST TAX PLANNING AND TAX PREPARATION
A loss of a family member is hard enough but add to it the tax consequences that go along with it and it can make a stressful situation unbearable. we have extensive knowledge in estate and inheritance tax as well long term care planning. We will work closely with your estate or elder care attorney because we speak their language.
services we provide: 1.) EState income tax preparation (Form 1041 + state ESTATE income tax returns) 2.) DECEDENT's "FINAL" INDIVIDUAL INCOME TAX RETURN (FORM 1040 + STATE INDIVIDUAL INCOME TAX RETURNS) 3.) DECEDENT's "UN-FILED" individual income tax returns so that the estate is aware of all liabilities 4.) IRS AND STATE NOTICE RESPONSE AND RESOLUTION 5.) IRS AND STATE AUDIT REPRESENTATION 6.) ESTATE ACCOUNTING & REPORTING to beneficiaries