Areas of Practice

 

Bookkeeping

  • Financial Statement Preparation

  • Accounts Receivable

  • Time Entry/Billing

  • Accounts Payable

  • Bank Reconciliation

  • Sales Tax Preparation

  • Property, Plant & Equipment Tracking & Depreciation Schedules

  • Job/Project Costing

  • Loan Amortization Schedules

We provide accounting & bookkeeping services on a monthly or quarterly bases depending on our clients' needs. Financial statements (income statement, balance sheet, etc.) are generally prepared within 5-10 working days after receiving information. These services are processed on our computer system and are tailored specifically to our clients' needs. 

Payroll Services

We offer a complete payroll service for the State of New Jersey and Pennsylvania including:

  • Payroll Preparation

  • Check Writing (Paychecks) using Micro Encoding Checks

  • Payroll Tax Deposits

  • Quarterly Federal Payroll Tax Returns Preparation

  • Quarterly State Payroll Tax Returns Preparation

  • Yearly Federal and State Forms (e.g., forms W2 and 1099)

Tax Services

We use professional tax preparation software to prepare tax returns accurately for

  • Individuals

  • Sole Proprietorships

  • Corporations (C-Corporations, S-Corporations, and LLC)

  • Partnerships

  • Not-for-profit organizations

Most of our tax returns are prepared on a timely fashion without a need for extension. The only returns that go on extension are those with incomplete or late information, or at a client's request. We prepare your return taking full advantage of all legal tax saving opportunities. 

We can also assist you in your tax planning. When serving our client's business, tax and financial needs, we strive to identify key planning opportunities that minimize both your current and future taxes.

We use tax research software to investigate our clients' complex tax issues with the goal of legally maximizing their savings. We also provide tax advise service on tax issues you might have.

Our tax preparation, planning, and research services are nationwide.

Business Registration

We can assist you to identify the type of business that is right for you, whether it is partnership, corporation, limited liability corporation or other forms of businesses.

We can also register your business in the State of New Jersey. Unlike others, our business registration service is a complete service including:

  • Preparing and filing with the New Jersey, New York or Pennsylvania Department of State

  • Preparing and filing Application for Employment Identification Number with IRS.

  • Preparing and filing Application for Registration with the State of New Jersey or Pennsylvania.

  • Preparing and filing Election by a Small Business Corporation with IRS.

  • Preparing and filing New Jersey S-Corporation Election with The State of New Jersey.

  • We can register your business in the State of New Jersey for as little as $400 including state registration fees. Other states, fees vary. Please ask for more info.

  • We can also assist you in establishing a business by providing you the following services:

  • Business Plan

  • Business Structure (Corporation, Partnership, etc.)

  • Budgeting

Projected Statements

We offer Financial Planning and Budgeting that can help your business to achieve its goals. A comprehensive pro forma statements (forecasted statements) documents your goals, resources needed to achieve those goals,  and how to obtain those resources. In addition, you can use budgets to monitor your progress as well as your employees' performance.

Most individuals think that if a business is profitable, it does not have cash flow problems. This is not true. A business can be profitable and still run into trouble due to cash flow shortage. A comprehensive pro forma statement forecasts and evaluates your company's financial condition, estimates financing requirements, and track cash in-flows and cash out-flows.

For new businesses we can help organize valuable record keeping systems, help in business plans, tax planning and cash flow analysis.

Sales Tax

If you collect and submit sales taxes in your business, we can assist you in the compilation of information and preparation of sales tax returns. We also provide service for depositing sales taxes to the required state agency.

Computer Consulting

We can assist you with many of the difficult decisions you have to make when designing your accounting computer systems. We offer an array of computer services including:

  • Computer Software Selection & Utilization

  • Upgrading

  • Pre-purchase Consulting

  • System setup

Digital Media & Technology

The internet, software, and technology are so pervasive that we can’t remember having ever lived without them. They make our lives simpler, but behind the curtain are fluctuating challenges in protection and monetization; challenges that our firm stays two steps ahead of. We’ve helped engineers, inventors, gaming startups, and entrepreneurs develop, license, sell, and maintain ownership over their creations. We’ve also negotiated purchasing and partnership agreements for larger investment companies looking for their unicorn.