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Use Financial Information to Increase Business Profits

March 11, 2020 by L. Scott Elwell

Most successful business managers use financial statements and other special reports to generate higher profits. If you haven’t been using all the financial tools available to you, here are some ideas to get you started. There is no need to feel intimidated by financial statements. If your company’s record system is properly designed, you should […]

Filed Under: Blog Tagged With: Accounting Finance Consultant, Accounting for small businesses, New Jersey Tax Preparation Offices, QuickBooks Help and Training, Top Accounting Firms in NJ

Conduct a Financial Review at Tax Time

March 4, 2020 by L. Scott Elwell

Tax filing time is an ideal time to review your financial affairs. You have to gather information to prepare your tax return at this time. Why not take one more step and do something positive for your financial well-being? The following suggestions will get you started on your financial review: Discuss with your family. Spouses […]

Filed Under: Blog Tagged With: Accounting Finance Consultant, Accounting for small businesses, New Jersey Tax Preparation Offices, NJ Financial Planning, QuickBooks Help and Training, Tax preparation Services NJ, Top Accounting Firms in NJ

Take an IRA Deduction Now. Pay Later.

February 19, 2020 by L. Scott Elwell

Here is a tax planning tip for those who file their tax returns early and wish to contribute to a tax deductibleIRA, but do not have the funds to do so. Say you want to pay into an IRA to get a tax break but you don’t have the money? Take heart, there are ways […]

Filed Under: Blog Tagged With: Accountants in New Jersey, cash Flow management New Jersey, list of certified public accountants in new jersey, New Jersey Licensed Public Accounting Firms, QuickBooks Help and Training

A Warning to Kids Who Want to File Their Own Tax Return

February 12, 2020 by L. Scott Elwell

If you have children younger than 19 years old (or 24 if a full-time student) coordinate the filing of their taxes with yours. How they file is a matter of tax law. The problem Your child is away for college. You prepare and try to file your tax return on April 14th after finally receiving […]

Filed Under: Blog Tagged With: Accounting Finance Consultant, Accounting for small businesses, NJ Financial Planning, QuickBooks Help and Training, Top Accounting Firms in NJ

Avoid These 3 Homeowner’s Insurance Mistakes

January 15, 2020 by L. Scott Elwell

Looking for a way to tackle insomnia? Read your homeowner’s insurance policy. Kidding aside, it’s worth the effort. As many families have learned the hard way, failing to evaluate policy details can lead to unanticipated expenses when disaster strikes. Sweat the fine print, especially if you’re a first-time homebuyer, and don’t make these three blunders: […]

Filed Under: Uncategorized Tagged With: Accounting Finance Consultant, Accounting Firms in New Jersey, New Jersey Tax Preparation Offices, QuickBooks Help and Training, Small Business Accounting Service

Should You Invest in Rental Real Estate?

January 8, 2020 by L. Scott Elwell

If you want to make a profit by investing in rental real estate, you must be willing to commit more resources to this property than you would to an investment made at your bank, through a broker, or in a mutual fund. Someone has to collect rents, find good tenants, and maintain the property. If […]

Filed Under: Blog Tagged With: Accounting Finance Consultant, Certified Accountants in New Jersey, New Jersey Tax Preparation Offices, QuickBooks Help and Training, Small Business Accounting Service

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