Small Business Finance

The Owner’s Pay Framework NJ Businesses Should Follow Paying yourself the right way as a business owner is more complex than it looks. With the owner’s pay framework NJ, you can balance W-2 wages and distributions while minimizing tax risk and ensuring compliance. Step 1: Determine Reasonable W-2 Compensation If you’re an S-Corp owner, the IRS requires “reasonable” wages for your role. Your CPA advisory team can benchmark industry rates to set this properly. Step 2: Plan Own

Pricing and Profitability NJ — What You Don’t Know Can Hurt You Many NJ business owners guess their prices instead of calculating them. Understanding pricing and profitability NJ metrics can reveal exactly how much you need to charge to stay in business — and scale profitably. Step 1: Calculate Your True Break-Even Your break-even point is where total revenue equals total costs. Include: Fixed expenses (rent, software, salaries) Variable costs (materials, subcontractors) Use

Cash Flow Forecasting NJ — A Tool That Actually Gets Used If you’ve ever wondered where your money really goes each week, a cash flow forecasting NJ model can give you clarity. The 13-week cash flow forecast is a practical planning tool for business owners who want to anticipate, not react. Step 1: Map Out 13 Weeks of Inflows & Outflows Start by listing expected client payments, expenses, and payroll. Your bookkeeping system should provide accurate historical data to base yo

Learn essential NJ e-commerce bookkeeping and tax tips to manage sales tax, nexus, and accounting with guidance from Gregory Monaco, CPA.

In the fast-paced world of small to medium enterprises (SMEs), effective cash flow management is crucial for ensuring sustainability and growth. As businesses expand, managing cash flow becomes more complex. Entrepreneurs must grasp the details involved in cash flow to navigate the market confidently and effectively. A well-managed cash flow allows a business to meet its financial obligations, invest in new opportunities, and weather economic uncertainties. In this article, w

Avoid New Jersey small business tax mistakes with expert CPA guidance. Learn how to stay compliant, save money, and prevent IRS or NJ tax penalties.

Learn how a proactive CPA can help your New Jersey small business boost profits, improve cash flow, and plan ahead — not just file taxes.

New Jersey tax audit small business tips: learn common triggers, what notices mean, and how to respond calmly—with step-by-step CPA guidance.

Learn the essentials of Sales Tax 101 for New Jersey Small Businesses. Discover what’s taxable, what’s exempt, and how to stay compliant with CPA guidance.

Learn how New Jersey’s BAIT program helps S-Corps, LLCs, and partnerships bypass the $10K SALT cap. Save thousands in taxes with CPA insights.

Prepare Your Books with This Year-End Bookkeeping NJ Checklist As 2025 approaches, NJ small business owners should begin closing out the year’s books early. A clean year-end bookkeeping NJ process ensures your tax filing goes smoothly — and that you catch issues before the new year begins. Step 1: Reconcile All Accounts Confirm that your bank, credit card, and loan accounts match your bookkeeping records. ✅ Run reconciliation reports ✅ Investigate discrepancies immediately

Compare SEP, SIMPLE, and Solo 401(k) plans for New Jersey small business owners. Learn how each plan saves on taxes and builds your retirement faster.

Control Cash Flow with Accounts Payable NJ For NJ small business owners, managing accounts payable NJ is key to steady cash flow and avoiding last-minute stress. Paying strategically, not just promptly, can make or break your liquidity. Step 1: Centralize All Payables Use cloud tools like Bill.com or QuickBooks Online to manage vendor bills and sync with your bookkeeping software . Benefits: No duplicate payments Organized due dates Remote access Step 2: Schedule Smart Payme

Financial guidance for NJ therapy practices: overcome tax, billing & cash flow stress with a CPA by your side.

Discover 5 signs your New Jersey business could benefit from a fractional CFO. Learn how part-time CFO services boost cash flow, strategy, and growth.

In today's fast-paced business environment, the role of a Certified Public Accountant (CPA) has evolved significantly. No longer confined to the traditional tasks of tax filing and bookkeeping, proactive CPAs are now essential partners in driving business growth and strategic decision-making. This blog post explores the multifaceted role of a proactive CPA, highlighting how they differ from conventional accountants and the continuous advisory support they provide throughout t

Mastering Accounts Receivable NJ for Stronger Cash Flow For consultants, agencies, and professionals in Livingston and Roseland, managing accounts receivable NJ efficiently means faster payments and fewer headaches. Step 1: Set Clear Terms for Accounts Receivable Use written agreements with clear due dates (Net 15/30). Offer early-payment incentives (2% off within 10 days). Send invoices promptly from your bookkeeping system . Step 2: Automate Client Reminders QuickBooks and

Learn how to choose between an LLC and S-Corporation for your New Jersey business. Compare tax advantages, legal differences, and which option can save you money with guidance from Gregory Monaco, CPA in Livingston, NJ.

Know Your Numbers — The Three Core Financial Statements NJ Owners Should Understand If you run a service-based business in Essex County, your bookkeeping software already generates powerful reports. But to manage your company effectively, you must understand the financial statements NJ owners depend on. 1️⃣ Profit & Loss (Income Statement) — A Key Financial Statement for NJ Businesses Your P&L shows revenue, expenses, and profit. It answers: “Am I making money, and where do

Stop dreading tax season. Learn how proactive, year-round tax planning helps NJ small businesses save money, reduce stress, and avoid April surprises. Get expert help from Gregory Monaco, CPA in Livingston, NJ.