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...
Business Startup Series
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...
So you are ready to venture out on your own and start a construction company in New Jersey, but where do you start? Alba CPA can manage the whole process from beginning to end, but if you want to register yourself, here's what you need...
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...
Business Startup Series, Tax Services / 27.11.2017
6 Questions Smart Rich People Ask Their Accountant
6 Questions Smart Rich People Ask Their Accountant Over the last few years, I started tracking the types of questions clients asked me. I categorized clients into three relative categories: annual income below $50,000; income over $200,000; and everyone else in between. Clients and potential clients with...
Business Startup Series / 24.05.2017
How to change accountants – the step by step guide from a NJ CPA!
How to change accountants – the step by step guide from a CPA. One of the most common inquiries I get from potential clients is how to change accountants when you are unhappy with their services. Clients feel loyal & committed to their accountant. They believe their...
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