Taxes

• Tax Planning
  Mike has been in accounting for three years since graduating Felician University with a Bachelors in Accounting and a Masters in Entrepreneurship. Mike was also a 5-year varsity baseball player at Felician University where he was named team captain. In the accounting field, Mike is pursuing his CPA license and looking to help clients in various tax planning areas.
• Charitable Giving
  If you have numerous itemized deductions such as mortgage interest, charitable contributions, etc., it may make sense for you to itemize your deductions instead of using the standard deduction for your tax filing status.
• Estate Taxes
• IRS Representation
  Michael loves music, movies, exercise and technology. He enjoys watching sports, especially baseball, and cares very much for animals, especially dogs and cats.
• Tax Services
  I am glad I stumbled upon the reviews given to John and his office as I decided to transition from the tax preparing companies to a professional who could understand more about the way I spend and save and provide a more well-rounded and complete experience. His office was professional, conveniently located, and my tax preparation was done within a reasonable time. He does not make you fell rushed and always asks if you have any questions. I will, certainly, be referring more family and friends to this office.
• Roth IRA
  Many factors can affect your eligibility and contribution limits to either the Traditional IRA or Roth IRA - tax filing status, your current earned income level and whether or not you participate in a retirement plan at work.
• Tax Deductions
  It all starts with income tax planning and tax preparation. Do you want to maximize your tax deductions and plan to keep as much of your money as possible?
• Income Tax
  Consideration of NUA strategy is important if you are distributing highly appreciated employer securities from your prior employer's qualified plan, such as 401(k). Cost basis, the value of the employer contribution on your behalf is subject to ordinary income tax upon distribution.
• Tax Deferral
  Unlike a taxable account, a fixed annuity enjoys the benefits of tax deferral. In addition, many annuity companies offer a higher first year bonus rate. To be able to offer these higher rates companies typically require you to keep the funds invested for a period of time or suffer a surrender penalty for early withdrawal.
• Tax Return Preparation
  For proactive tax planning, outsourced CFO, tax return preparation, financial statements, disaster relief consulting, financial planning, or small business advice consult with us.

Investment

• Mutual Funds
  It may surprise you how sales charges, management fees and lost opportunity cost can erode the total return on your mutual fund.
• Bonds

Accounting

• Accounting Services
  Bil l has over 35 years of experience in public accounting and is licensed in the States of New Jersey and New York. Mr. McGovern is a graduate of Georgetown University and a member of the New Jersey Society of CPAs. Prior to establishing his own firm, Bill worked for firms of varying sizes in New York and New Jersey, obtaining experience in fields varying from commodities traders to coal mine operators. As a sole practitioner, he has provided extensive services to the solid waste collection industry, charitable organizations, homeowner and business associations, and social clubs. He performs a wide range of financial statement services, including audits, compilations and reviews for clients to meet contractual, banking, and legal requirements. These audit and accounting services have been subject to peer reviews administered by the New Jersey Society of Certified Public Accountants and received passing grades since 1988. In addition to financial statement services, Bill prepares tax returns for commercial and non-profit entities as well as individuals. He has represented clients in examinations of returns by the Internal Revenue Service and the State of New Jersey, appearing before the New Jersey Tax Court and Federal Bankruptcy Court.
• Payroll Services
  When Judy is not studying or working, she enjoys spending time with her son, family and friends. Judy enjoys cooking and is currently writing a specialized diet cookbook.
• Bookkeeping Services

Planning

• Financial Planning
  I am glad I found John since as I am new to the area and previously lived in Hoboken. He did my boyfriend’s taxes who has a small business and the referral came my way. In earlier years I’ve used turbo tax and H&R block since my taxes were pretty straight forwards, however I was able to maximize my deduction and ended up getting back 2x what I thought! He was very professional, took the time to get to know me better, understood my needs and quickly took care of my taxes. I would highly recommend John, next on my agenda is scheduling a financial planning meeting with him.
• Retirement Planning
  One method of retirement planning is to project what you are currently saving and have accumulated to date and see if you will have enough to meet your retirement objectives.
• Long Term Care
  There are basically three ways to fund your long-term care needs: self-insure, qualify for Medicaid, or obtain long-term care insurance.
• College Funding
  Tax-deferral can have a dramatic effect on the growth of an investment. With a state-sponsored 529 College Savings Plan your contributions can grow tax-deferred (some states allow contributions to be partially or completely deductible) and distributed income tax-free as long as distributions are used for qualified education expenses such as tuition, fees, room and board at higher education institutions.