Categories for Accounting Firm

Tracking and Reporting Your Missing Stimulus Check to the IRS

September 8, 2020

Believe it or not, there are some people who still, all these months later, have not received their first stimulus check. While lawmakers continue to mull over the possibility of a second stimulus check, there are plenty of Americans still waiting on their first payment and wondering what action they need to take to get that money into their bank accounts. The IRS sent out checks, direct deposit payments and prepaid debit cards to the vast majority of adults who qualified for the first stimulus payment this spring. If you did not receive yours yet, there could be a problem... View Article

Tips for Choosing the Right Business Accountant

June 24, 2020

There comes a time for most business owners when staying on top of the business’s finances yourself becomes too much to handle in addition to all of their other duties. Working with a business accountant, whether it’s someone you hire directly to your team or a third-party accountant you work with on an ongoing basis, can provide a lot of value to your company and help you place your focus on other areas of your business, where you are more needed. But how can you narrow down your search to choose a business accountant in Union City, NJ who is... View Article

Should You Do a DBA or an LLC?

March 14, 2020

When you’re starting up a brand-new business, you’ll have a variety of options with regard to the official structure you’ll use for your fledgling company. Two of these options are DBAs and LLCs, and for new entrepreneurs, there might be some confusion concerning the differences between the two. Read on for some helpful DBA and LLC filing facts for Union City, NJ entrepreneurs. DBA is short for “doing business as.” Such a structure allows for a business to operate under a name that is not the same as its legal name. For example, if Bill Johnson wants to start up... View Article

When Is It Beneficial to Hire an Accountant for a Small Business?

December 19, 2019

As the owner of a company, it is crucial that you have a certain level of comfort with the state of your finances and that you plan for your financial future. But is it worth your while to hire a small business accountant in Union City, NJ? One of the first decisions you’ll need to make when starting a company is figuring out who will handle your finances. You can try to take on your company’s financial management tasks yourself, but you will quickly find out that this is a bad idea for anything beyond a sole proprietorship, and even... View Article

Don’t Fall for These Common Tax Myths

September 29, 2019

As an accounting firm in Union City, NJ, we receive a lot of questions from clients based on inaccurate information and common myths. Unfortunately, too many people fall victim to these prevalent misconceptions, causing them to incur fines or undergo audits from the Internal Revenue Service. Rather than experiencing these terrible inconveniences, learn more about common tax myths and how to avoid them. You don’t have to file taxes In the Form 1040 instruction book, the IRS describes our nation’s tax system as “voluntary,” which causes quite a bit of confusion. Many interpret this to mean that filing taxes is... View Article

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