Frequently Answered Questions @ Alba CPA You found us online or through a friends recommendation, you got to know us a bit and read the online reviews, but you still have some questions. We understand that's why we have compiled a list of frequently pondered questions and...
Alba CPA Blog
Alba CPA Cost Structure - Transparent Costs Philosophy Alba CPA Cost Structure Alba Translations, CPA prides itself in being transparent and having a simple CPA cost structure. 75% of our clients (business services and tax returns) will fit into the costs described below. Sure, there’s always the...
Income Tax / 30.10.2019
My Top 8 Biggest Financial Mistakes
In my lifetime, I’ve made LOADS of serious financial gaffes! Rather than beating myself up about how stupid I’ve been, I’ve tried to adopt a mistake-positive philosophy. As I said, I’m not proud! So today I’m going to try to rectify things by showing you what a big idiot I’ve...
There are millions of taxpayers in the US who hold wage-paying jobs where income taxes are withheld from their checks based on the information provided on Form W4 to their employer. But what if you don't have a job where there's withholding? That's the case for millions of self-employed...
Income Tax / 11.12.2018
Improve your credit score, instantly!
How to improve your credit score instantly. Dear Alba Translations, CPA, Thanks for offering your advice on fixing my credit score. I have a 626 credit score and am looking to improve my credit profile in preparation for purchasing my first home. I read that a relative...
Income Tax, Tax Services / 26.11.2018
2018 Tax Planning Ideas & Updates
2018 Tax Planning Ideas & Updates To Our Clients and Friends: Over the past several months, we’ve digested the many tax law changes brought by the Tax Cuts and Jobs Act (TCJA). These changes bring a host of uncertainties as well as 2018 tax planning ideas...
LLCs Explained - Liability Protection of Personal Assets If you’re starting your own limited liability company (LLC), one of your main reasons for doing so is likely the LLC’s liability protection of personal assets. Much like a corporation in this way, an LLC shields your own...
LLCs Explained – How is an LLC taxed So you’ve decided to form a new limited liability company (LLC), and you want to make sure you understand how they’re taxed — or, you already started your business and you’re scrambling to play catch-up. Either way, I’m...
NJ LLC Annual Report Filing Requirements If you’ve just completed the formation process to start your new limited liability company, there is reason to celebrate. However, it’s important to remember that after the initial paperwork is filed, New Jersey requires some ongoing reporting to maintain your...
WITHDRAW, CANCEL, OR DISSOLVE A BUSINESS IN NEW JERSEY When a business entity is closing its operation in New Jersey, steps must be taken to dissolve a business in New Jersey and remove the entity from the tax and public records. Technically, domestic corporations will dissolve, LPs/LLPs...
Business Startup Series, Income Tax / 11.10.2018
Choosing the right business entity and the business tax filing implications.
Choosing the right business entity and the business tax filing implications. The business structure you choose will have legal and business tax filing implications. To get the most out of your small business, choose the right structure. Therefore, selecting the right type of company or corporation...
Business Startup Series, Income Tax / 11.10.2018
TAX SAVING STRATEGIES – S-CORP SALARY vs. DISTRIBUTIONS.
TAX SAVING STRATEGIES – SALARY vs. DISTRIBUTIONS. TAX SITUATION Every year I get asked by my clients: How can I save money on my taxes and not get in trouble with the IRS? What the right mix of salary and distributions from my S-Corp? Every year, I...