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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.

Navigating the world of business structures can be overwhelming. Choosing the right one is crucial, especially considering the tax implications in a state like New Jersey. For small business owners, S-Corporations (S-Corps) and Limited Liability Companies (LLCs) are two popular options. Each entity type brings unique advantages and drawbacks, particularly regarding taxation, self-employment tax responsibilities, and operational formalities. This post explores the key differen

1099 Forms NJ — What Every Small Business Should Know Each January, small business owners must issue 1099 forms NJ to independent contractors and vendors. Let’s review who must receive them, when they’re due, and how to avoid common mistakes. Who Gets a 1099-NEC or 1099-MISC in NJ? 1099-NEC: For independent contractors paid $600 or more. 1099-MISC: For rent, legal fees, or other miscellaneous payments. Before filing, verify vendor info using Form W-9 in your bookkeeping recor

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.

Section 179 & Bonus Depreciation NJ — Smart Year-End Moves Many NJ business owners ask: “Should I buy equipment before December 31?” With section 179 bonus depreciation NJ rules, the answer depends on timing, cash flow, and your taxable income. What Is Section 179? Section 179 allows you to deduct the full purchase price of qualifying equipment or software in the year it’s placed in service — rather than depreciating over several years. ✅ Office equipment ✅ Computers & softwa

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.

Get Ready for Tax Season with This Year-End Tax Prep NJ Checklist As December approaches, year-end tax prep NJ becomes critical. Whether you’re issuing W-2s, filing 1099s, or closing entries, staying organized ensures accurate filing and fewer CPA rush fees. Step 1: Verify Employee & Contractor Info Collect updated W-9 forms from contractors. Confirm employee Social Security numbers and addresses for W-2s. Use your payroll or bookkeeping system to cross-check all data. Step

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

New Jersey crypto tax guide for 2025–2026. Learn the latest IRS & NJ rules on Bitcoin, NFTs, DeFi, staking, and reporting. Expert tips, checklists, and FAQs to simplify your NJ crypto taxes.

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.