Modern Tax Advisors

Have you ever wanted to open up your own business but are afraid that it might be a difficult process? Have no fear! These success tips are great places to start and keep at the forefront of your mind when building your startup company. Need assistance with getting your business finances in order? Call us at (732) 359-6672 – we can help! https://bit.ly/4eKLaYQ

You probably won’t remember January’s expenses when you wrap up your yearly account in December and that’s okay! That is why we are here to help – give us a call at (732) 359-6672. Don’t make the mistake of some business owners who wait until the last minute to start thinking about your accounting. This often leads to financial troubles as a result. Take control of your finances by keeping up-to-date monthly bank reconciliations to prevent year-end scrambling.

For self-employed business owners, claiming a home office tax deduction is an advantageous strategy; however, the IRS sets very specific requirements in order to be eligible to qualify for the deduction. Having a detailed record-keeping process is essential in ensuring a smooth home office deduction claim. https://bit.ly/43k6v69

Maintaining proper documentation, time management skills, and automating daily tasks can significantly help your organization and success as a business owner. Maintain accurate records of your business finances through recording every transaction into the proper accounts on a weekly basis. Keep copies of all your invoices, cash receipts and cash payments as well for tax purposes. Need other business tips? Contact us at (732) 359-6672 – we’d love to help!

IRS agents are assigned official identification cards known as HSPD-12 cards. Someone is likely falsifying their identity if they cannot provide it. If they claim to be someone you know, hang up and call that person directly. Scammers aim to get your emotions heightened so you aren’t thinking clearly. Slow down, stop the conversation, and speak with someone you trust. Report any fraud to the IRS or the Federal Trade Commission. More questions on tax time safety tips? Contact us at (732) 359-6672.

While self-employment can bring you a sense of fulfillment, it can also lead you to costly mistakes if you're not careful. Improve your strategies and learn about common financial mistakes made by other entrepreneurs by checking out the article below! Contact us today at (732) 359-6672 for personalized assistance with your financial goals. https://bit.ly/3JlskJc

When passing down assets, there are important tax implications to consider before gifting someone your estate. There are many differences that can affect your finances when gifting estates versus traditional estate inheritance. We want you to be informed on it all when you make your final decision about which path is right for you and your family! https://bit.ly/3TWFtiC

Stress tends to be contagious. Even though you may try to protect your children from any money concerns you may be having, they will pick up on those emotions sooner or later. Transparency and honesty are the best ways to keep them in the loop without impacting their mental health. Check out the article below for tips on how to talk to your children about money. If you're looking for more personal finance tips, schedule an appointment with us today at (732) 359-6672! https://bit.ly/3UjzlAP

A recent study from the National Institute on Retirement Security found that more than half of Americans don't believe they can achieve financial security in retirement. That's scary! If you share those concerns, we're here to help you get your retirement planning on track. Contact us today at (732) 359-6672 to schedule your first consultation.

If your records are disorganized, you have inaccurate financial reports, cash flow problems, and issues with tax compliance, your bookkeeping system is likely failing you. Healthy bookkeeping is essential for your business success. Take the proactive steps to organize your records effectively to avoid devastating professional mistakes to ensure the long-term financial health of your company. https://bit.ly/3IJhbSi