Find Out More about Bookkeeping and Accounting in Kearny, NJ
It’s no secret that bookkeeping and accounting can be more than confusing whether you’re in Kearny, NJ or anywhere else. That is why we at Nicholas J. Coco endeavor to help you understand what exactly goes on in accounting by providing blogs detailing why you need accounting services and other matters that are imperative to be addressed.
Accounting is more than just jotting down numbers on paper faster than the speed of light. It’s about analyzing how a company functions, finding out how their funds are funneled throughout the organization, and determining the smartest business decisions to make. One might even say that Accounting is the lifeblood of any business. And good accounting means smooth business operations.
So, if you want to learn more about what goes on in financial planning, bookkeeping, tax services, and everything else related to accounting, enrich your knowledge and start browsing our blogs below!
How to Handle an IRS Audit
Recently got a mail from IRS Audits Kearny, New Jersey and you’re not sure what to do next? No worries! You just have to hire a trusted certified public accountant that offers tax services in Kearny, New Jersey. IRS audit is when the IRS (Internal Revenue Service) evaluates your finances to ensure that everything on […]
What is an Employee Benefit Plan Audit?
Photo by: pixabay.com ERISA (The Employee Retirement Income Security Act) exists for the protection of both employers and employees, establishing standards for employee benefit plans that must be provided by most private employers. However, once the number of eligible participants reaches over 100, an employee benefit plan audit becomes necessary. If you’re going through this […]
Financial Planning for Small Businesses
pexels.com Creating a financial plan for your business is never an easy task, it can even stress you out of your mind. A business financial plan is different from a financial statement. Instead of looking at things that already happened, you’ll have to make predictions for the coming months, forecast your income, and create outlays. […]
How to Prepare for Tax Season
unsplash.com February has barely passed, yet it’s already time to think about your taxes. April is not far ahead, so planning earlier is better than making plans later. Whether you are a newbie or a seasoned veteran in planning taxes, you may still want to consider getting tax services in Kearny, NJ from professionals such […]
The Role of Accountants in Business Sustainability
Hurricane Ida, the Texas freeze, devastating wildfires in Colorado and California, deadly tornado that hit Kentucky and nearby states – these weather catastrophes and other extreme climate conditions that hit the US in 2021 alone cost an estimated $145 billion in damages, not to mention the hundreds of lives claimed by these disasters. Corporate Goals […]
How CPAs Helped Save Businesses during the COVID-19 Crisis
It’s no secret that many businesses closed down or were forced to file bankruptcy during the pandemic crisis. But did you know that accountants actually played a key role in saving businesses during COVID-19? And they can do the same for your business should you choose to get accounting services in Kearny, NJ. Through their […]
What are Tax Audits?
Hearing the words “tax audit” often brings fear to every taxpayer, especially if you’re on the receiving end of a dreaded audit notice from the IRS. But taking the time to understand what it is can make it less scary. We’re here to help you so you don’t break out in a sweat. If you […]
2021 Accounting Industry Trends
2021 Accounting Industry Trends The advancement of technology has brought many advantages throughout the years and has affected every industry known to man. Today, the finance industry is also being revolutionized, and technology is now changing how businesses conduct their operations. Individuals offering tax and accounting services in Kearny, NJ are now able to offer […]
What is Mark to Market Accounting?
For companies and business owners, knowing the current value of your asset is among the crucial information you need to determine the next step you need to take. That is why accounting services are never in short supply in Kearny, NJ and anywhere else. But did you also know that there is a better way […]
Child Tax Credit Changes for 2021
Anyone getting tax services in Kearny, NJ knows that paying taxes is no joke. But doing it right can give you benefits in times of need. One of those is the Child Tax Credit. If you haven’t heard about it, then you might be glad to hear that the updated version may provide some help. […]
Qualities of a Good Accountant
People often associate accountants with being good with numbers, and although that is true, they’re so much more than that. Accountants provide invaluable financial data to help businesses make crucial decisions. As such, it’s a given that this field demands top-notch accuracy and organizational skills. That’s not all. Accountants possess certain qualities and attributes that […]
Common Accounting Mistakes Made by Small Businesses
Did you know that hiring a CPA for accounting services in Kearny, NJ will drastically decrease risks for your small businesses? Well, it’s not unusual that most small companies naturally have fewer resources compared to larger enterprises. That’s why it’s common for managers or owners to often take on the role of bookkeepers and accountants. […]
How to Track Small Business Income and Expenses
Running a business isn’t all sunshine and rainbows. While there are a lot of benefits you can get from it, you also end up having a lot of responsibilities that need to be managed day in and day out to ensure that your business is running smoothly. Some of your duties include paying your taxes, […]
Hiring an Accountant Benefits Your Business in More Ways than One
We get it. Hiring an accountant is an additional notch in your business finances that you might not afford right now. But if we say that hiring an accountant for your business can benefit you in the long run, would you change your mind? Increased profits, accuracy, and new perspectives are just some of the […]
Bookkeeping Basics for Small Business Owners
Developing many valuable skills is a must when you are a business owner. Sure, you can always hire other people to do the work, but it is also important to understand the basic bookkeeping yourself. This is important in keeping track of your business transactions and finances. Not only will it enable you to function […]
The Difference Between Accountants and Bookkeepers
It is a common misconception that accounting and bookkeeping are the same. The terms are even often interchanged with one another. But although both works to assist you with your finances, there are definite distinctions among the services that bookkeepers and accountants provide. Tax services, for example, are more appropriate for accountants. So if you […]
Find Out Which Business Expenses are Tax Deductible!
Expenses are inescapable, and anyone who has tried managing their finances knows that. Business expenses, in particular, are even more unavoidable. But if you are careful enough, you can use them to reduce your tax liability. So when you hire an accountant for tax services in Kearny, NJ why not ask them about it? If […]
Things You Should Know Before Hiring an Accountant
Money is the lifeblood of a business. Without it, you won’t have a business, to begin with. So it goes without saying that when it comes to your business’ finances, you want to feel confident that it is in good hands. And who better to leave it to than the hands of an accountant, right? […]
Common Accounting Myths Vs. Reality
When it comes to accounting, many people have preconceived assumptions that are so ingrained and widespread that it sometimes becomes difficult to prove those assumptions wrong. For example, many people think that accounting is a boring career because it primarily involves providing tax services in Kearny, NJ and anywhere else in the world. However, contrary […]
Are You at Risk of Getting Audited? Find Out Here
What strikes fear into the hearts of American Taxpayers? If you’re thinking along the lines of “IRS” and “tax audits”, then you are absolutely correct. Let’s be honest. Somewhere along the line, we’ve all heard of IRS audit horror stories that have left a stark reminder that filing a tax return isn’t something to be […]
How to Avoid a Tax Audit
There’s nothing better than the feeling of relief you get when you finally get your taxes over and done with. You can sit back, relax, enjoy a cup of coffee, and be relatively stress-free for a few days doing whatever it is you do in your New Jersey home. That is until you get an […]