Neovision Consulting Inc

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Neovision Consulting Inc Accounting ~ Bookkeeping ~ Tax ~ Business Consulting We offer a host of specialty services to cater to the unique needs of our clients.

Neovision Consulting Inc is a Tax and Accounting, NJ CPA firm as well as IT Consulting firm with the office headquarters in Cranbury, NJ and an office location in South Jersey. Our firm has a diversified client base and a growing rooster of small, midsize and closely-held businesses, high net worth individuals, trusts and estates, not for profits and foundations. Our services include, but not limited to, accounting and auditing, DOE audit and compliance services, taxation, financial management and outsourcing of controller/accounting department function, business valuation and litigation support. Neovision is a firm for our times: demanding, creative, ambitious. We are committed to providing all of our business and individual clients, whether large or small, with world class service. Our comprehensive experience allows us to efficiently address our clients' issues and to produce effective and timely solutions. We attribute our growth to our unwavering commitment to client service, which is demonstrated through; quality and timely service, personal and frequent client contact throughout the year, innovative approaches and solutions to client problems and communication of industry developments. Technology has shrunk the globe. Today, your accountant or IT consultant does not have to live down the street from you. We have clients from all over (and outside) the US. We are looking to expand our client base through referrals and peer-to-peer networking. For more information, please visit;
www.neovisioninc.com

Measured through results....Neovision delivers! Specialties
Certified Public Accountant (CPA), Financial Planning.

There's a retirement-plan change in 2026 that some higher-paid employees and business owners should have on their radar....
10/23/2026

There's a retirement-plan change in 2026 that some higher-paid employees and business owners should have on their radar.

๐‚๐ž๐ซ๐ญ๐š๐ข๐ง ๐œ๐š๐ญ๐œ๐ก-๐ฎ๐ฉ ๐œ๐จ๐ง๐ญ๐ซ๐ข๐›๐ฎ๐ญ๐ข๐จ๐ง๐ฌ ๐ฆ๐š๐ฒ ๐ง๐จ๐ฐ ๐ก๐š๐ฏ๐ž ๐ญ๐จ ๐›๐ž ๐ฆ๐š๐๐ž ๐š๐ฌ ๐‘๐จ๐ญ๐ก ๐œ๐จ๐ง๐ญ๐ซ๐ข๐›๐ฎ๐ญ๐ข๐จ๐ง๐ฌ.

For 2026, the rule generally applies to certain participants making catch-up contributions if their prior-year F**A wages from the employer sponsoring the plan exceeded $150,000.

Why does that matter?

Traditional pre-tax and Roth contributions receive different tax treatment.

So if you're 50+ and accustomed to making pre-tax catch-up contributions, don't assume 2026 will automatically work the same way.

This is a good time to:

โœ” Review your year-to-date contributions
โœ” Check whether the rule applies to you
โœ” Confirm your plan offers the necessary Roth feature
โœ” Review payroll elections
โœ” Talk with your plan administrator and tax professional

Year-end planning isn't just about finding deductions.

๐ˆ๐ญ'๐ฌ ๐š๐ฅ๐ฌ๐จ ๐š๐›๐จ๐ฎ๐ญ ๐ฆ๐š๐ค๐ข๐ง๐  ๐ฌ๐ฎ๐ซ๐ž ๐ฒ๐จ๐ฎ ๐ฎ๐ง๐๐ž๐ซ๐ฌ๐ญ๐š๐ง๐ ๐ญ๐ก๐ž ๐ซ๐ฎ๐ฅ๐ž๐ฌ ๐›๐ž๐Ÿ๐จ๐ซ๐ž ๐š ๐๐ž๐š๐๐ฅ๐ข๐ง๐ž ๐š๐ซ๐ซ๐ข๐ฏ๐ž๐ฌ.

Business owners, let's talk retirement. ๐Ÿ‘‡Which one sounds most like you?A) I contribute consistently and review my strat...
10/21/2026

Business owners, let's talk retirement. ๐Ÿ‘‡

Which one sounds most like you?

A) I contribute consistently and review my strategy every year.
B) I contribute, but I'm not sure I'm maximizing my options.
C) Retirement gets whatever is left after running the business.
D) Retirement planning? That's a problem for Future Me. ๐Ÿ˜ฌ

Running a business makes it incredibly easy to prioritize everything else firstโ€”payroll, employees, equipment, taxes, inventory, clients, and the next emergency that lands on your desk.

But your own long-term financial plan deserves attention too.

So we're curious:

๐–๐ก๐ข๐œ๐ก ๐จ๐ง๐ž ๐š๐ซ๐ž ๐ฒ๐จ๐ฎโ€”๐€, ๐, ๐‚, ๐จ๐ซ ๐ƒ?

Drop your answer below! ๐Ÿ‘‡

If you're a business owner, your retirement plan shouldn't be something you only think about when tax season arrives.๐Ž๐œ๐ญ...
10/19/2026

If you're a business owner, your retirement plan shouldn't be something you only think about when tax season arrives.

๐Ž๐œ๐ญ๐จ๐›๐ž๐ซ ๐ข๐ฌ ๐ญ๐ก๐ž ๐ญ๐ข๐ฆ๐ž ๐ญ๐จ ๐ฌ๐ญ๐š๐ซ๐ญ ๐š๐ฌ๐ค๐ข๐ง๐  ๐ช๐ฎ๐ž๐ฌ๐ญ๐ข๐จ๐ง๐ฌ.

For 2026, the employee contribution limit for 401(k) plans increased to $๐Ÿ๐Ÿ’,๐Ÿ“๐ŸŽ๐ŸŽ.

The general catch-up contribution limit for participants age 50+ increased to $๐Ÿ–,๐ŸŽ๐ŸŽ๐ŸŽ, while eligible participants ages 60โ€“63 may have a higher $๐Ÿ๐Ÿ,๐Ÿ๐Ÿ“๐ŸŽ catch-up limit.

But knowing the limits is only the beginning.

Before deciding whether to increase contributions, look at the entire financial picture.

How profitable has the business been this year?

How much cash do you need to carry into Q1?

Are there major purchases or expenses coming?

Are your payroll and retirement contribution records accurate?

And how does retirement planning fit with your other year-end tax strategies?

For a solo attorney, the conversation might involve maximizing contributions while balancing personal and business cash flow.

For a small law firm with employees, eligibility and employer contributions may also come into play.

For a franchise restaurant owner, the calculation can become even more complex. A larger workforce, multiple locations, payroll costs, and employee eligibility can all influence what makes sense.

The goal isn't simply to contribute the largest amount possible.

It's to find the strategy that makes sense for ๐ฒ๐จ๐ฎ๐ซ ๐›๐ฎ๐ฌ๐ข๐ง๐ž๐ฌ๐ฌ, ๐ฒ๐จ๐ฎ๐ซ ๐œ๐š๐ฌ๐ก ๐Ÿ๐ฅ๐จ๐ฐ, ๐ฒ๐จ๐ฎ๐ซ ๐ž๐ฆ๐ฉ๐ฅ๐จ๐ฒ๐ž๐ž๐ฌ, ๐š๐ง๐ ๐ฒ๐จ๐ฎ๐ซ ๐Ÿ๐ฎ๐ญ๐ฎ๐ซ๐ž.

And don't assume every decision can wait until December 31โ€”or until your tax return is prepared.

Some decisions and payroll changes may need to happen earlier.

๐†๐จ๐จ๐ ๐ฒ๐ž๐š๐ซ-๐ž๐ง๐ ๐ญ๐š๐ฑ ๐ฉ๐ฅ๐š๐ง๐ง๐ข๐ง๐  ๐ ๐ข๐ฏ๐ž๐ฌ ๐ฒ๐จ๐ฎ ๐จ๐ฉ๐ญ๐ข๐จ๐ง๐ฌ. ๐–๐š๐ข๐ญ๐ข๐ง๐  ๐ฎ๐ง๐ญ๐ข๐ฅ ๐ญ๐š๐ฑ ๐ฌ๐ž๐š๐ฌ๐จ๐ง ๐ญ๐ž๐ฅ๐ฅ๐ฌ ๐ฒ๐จ๐ฎ ๐ฐ๐ก๐š๐ญ ๐š๐ฅ๐ซ๐ž๐š๐๐ฒ ๐ก๐š๐ฉ๐ฉ๐ž๐ง๐ž๐.

When you think about year-end tax planning, retirement contributions might not be the first thing that comes to mind.But...
10/16/2026

When you think about year-end tax planning, retirement contributions might not be the first thing that comes to mind.

But they should be part of the conversation.

For 2026, several retirement-plan contribution limits increased, creating potential opportunities for business owners to put more toward retirement while considering the tax impact.

But there's more to review than simply asking:

"๐‡๐จ๐ฐ ๐ฆ๐ฎ๐œ๐ก ๐œ๐š๐ง ๐ˆ ๐œ๐จ๐ง๐ญ๐ซ๐ข๐›๐ฎ๐ญ๐ž?"

You also need to consider:
โœ” Business profitability
โœ” Cash flow
โœ” Your current retirement plan
โœ” Employee eligibility
โœ” Employer contributions
โœ” Other year-end tax strategies

For law firm owners, the right strategy can look very different depending on whether you're a solo attorney or have an entire team.

For franchise restaurant owners, employee eligibility, payroll, multiple locations, and employer contributions can add another layer of complexity.

We've broken down what changed for 2026 and what business owners should review before year-end.

๐Ÿ‘‰ ๐‘๐ž๐š๐ ๐ญ๐ก๐ž ๐Ÿ๐ฎ๐ฅ๐ฅ ๐š๐ซ๐ญ๐ข๐œ๐ฅ๐ž ๐ก๐ž๐ซ๐ž: https://vist.ly/5nn2e

Here's a tax-planning question worth asking before 2026 ends:๐ƒ๐จ ๐ฒ๐จ๐ฎ ๐ค๐ง๐จ๐ฐ ๐ฐ๐ก๐š๐ญ ๐ฒ๐จ๐ฎ๐ซ ๐›๐ฎ๐ฌ๐ข๐ง๐ž๐ฌ๐ฌ ๐ข๐ฌ ๐š๐œ๐ญ๐ฎ๐š๐ฅ๐ฅ๐ฒ ๐จ๐ง ๐ญ๐ซ๐š๐œ๐ค ๐ญ๐จ ๐ž๐š๐ซ๐ง...
10/14/2026

Here's a tax-planning question worth asking before 2026 ends:

๐ƒ๐จ ๐ฒ๐จ๐ฎ ๐ค๐ง๐จ๐ฐ ๐ฐ๐ก๐š๐ญ ๐ฒ๐จ๐ฎ๐ซ ๐›๐ฎ๐ฌ๐ข๐ง๐ž๐ฌ๐ฌ ๐ข๐ฌ ๐š๐œ๐ญ๐ฎ๐š๐ฅ๐ฅ๐ฒ ๐จ๐ง ๐ญ๐ซ๐š๐œ๐ค ๐ญ๐จ ๐ž๐š๐ซ๐ง ๐ญ๐ก๐ข๐ฌ ๐ฒ๐ž๐š๐ซ?

Not revenue.

Not what's currently sitting in your bank account.

๐๐ซ๐จ๐Ÿ๐ข๐ญ.

Because when you're considering strategies like the QBI deduction, retirement contributions, bonus depreciation, Section 179, and other year-end decisions, you need a clear financial picture first.

By October, you should have enough information to start building a realistic projection for the year.

Review:
โœ” Year-to-date profit
โœ” Revenue and expenses
โœ” Payroll
โœ” Business assets
โœ” Planned purchases
โœ” Retirement contributions
โœ” Estimated year-end income

Then bring those numbers into the conversation with your tax professional.

Don't wait until your tax return is being prepared to start thinking about tax strategy.

๐“๐š๐ฑ ๐ฉ๐ซ๐ž๐ฉ๐š๐ซ๐š๐ญ๐ข๐จ๐ง ๐ฅ๐จ๐จ๐ค๐ฌ ๐›๐š๐œ๐ค๐ฐ๐š๐ซ๐. ๐“๐š๐ฑ ๐ฉ๐ฅ๐š๐ง๐ง๐ข๐ง๐  ๐ ๐ข๐ฏ๐ž๐ฌ ๐ฒ๐จ๐ฎ ๐š๐ง ๐จ๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ฒ ๐ญ๐จ ๐ฅ๐จ๐จ๐ค ๐Ÿ๐จ๐ซ๐ฐ๐š๐ซ๐.

If your books aren't currentโ€”or you're not confident your financial reports are giving you an accurate pictureโ€”contact us.

We can help you get your bookkeeping organized and your financials ready for a productive year-end tax-planning conversation.

Two profitable businesses.One is a law firm.The other is a franchise restaurant.๐‚๐š๐ง ๐ญ๐ก๐ž๐ข๐ซ ๐๐๐ˆ ๐๐ž๐๐ฎ๐œ๐ญ๐ข๐จ๐ง๐ฌ ๐ฐ๐จ๐ซ๐ค ๐๐ข๐Ÿ๐Ÿ๐ž๐ซ๐ž๐ง๐ญ๐ฅ...
10/12/2026

Two profitable businesses.

One is a law firm.

The other is a franchise restaurant.

๐‚๐š๐ง ๐ญ๐ก๐ž๐ข๐ซ ๐๐๐ˆ ๐๐ž๐๐ฎ๐œ๐ญ๐ข๐จ๐ง๐ฌ ๐ฐ๐จ๐ซ๐ค ๐๐ข๐Ÿ๐Ÿ๐ž๐ซ๐ž๐ง๐ญ๐ฅ๐ฒ? ๐€๐›๐ฌ๐จ๐ฅ๐ฎ๐ญ๐ž๐ฅ๐ฒ.

Here's one major reason:

โš–๏ธ ๐‹๐€๐– ๐…๐ˆ๐‘๐Œ๐’

The practice of law is considered a Specified Service Trade or Business (SSTB) under the QBI rules.

That means taxable-income thresholds can become particularly important when determining how much of the firm's qualified business income can be considered for the deduction.

๐Ÿ” ๐…๐‘๐€๐๐‚๐‡๐ˆ๐’๐„ ๐‘๐„๐’๐“๐€๐”๐‘๐€๐๐“๐’

A typical restaurant operation generally isn't classified as an SSTB simply because it provides a service.

But that doesn't mean the calculation is automatically simple.

At higher income levels, factors such as W-2 wages and qualifying business property can become important when calculating the deduction.

The takeaway?

๐ƒ๐จ๐ง'๐ญ ๐œ๐จ๐ฆ๐ฉ๐š๐ซ๐ž ๐ฒ๐จ๐ฎ๐ซ ๐๐๐ˆ ๐๐ž๐๐ฎ๐œ๐ญ๐ข๐จ๐ง ๐ญ๐จ ๐š๐ง๐จ๐ญ๐ก๐ž๐ซ ๐›๐ฎ๐ฌ๐ข๐ง๐ž๐ฌ๐ฌ ๐จ๐ฐ๐ง๐ž๐ซ'๐ฌ ๐š๐ง๐ ๐š๐ฌ๐ฌ๐ฎ๐ฆ๐ž ๐ฒ๐จ๐ฎ๐ซ๐ฌ ๐ฌ๐ก๐จ๐ฎ๐ฅ๐ ๐ฅ๐จ๐จ๐ค ๐ญ๐ก๐ž ๐ฌ๐š๐ฆ๐ž.

Your industry, income, business structure, payroll, property, and overall tax picture matter.
Tax strategy should be based on YOUR numbers.

Quick business-owner poll:๐‡๐จ๐ฐ ๐Ÿ๐š๐ฆ๐ข๐ฅ๐ข๐š๐ซ ๐š๐ซ๐ž ๐ฒ๐จ๐ฎ ๐ฐ๐ข๐ญ๐ก ๐ญ๐ก๐ž ๐๐๐ˆ ๐๐ž๐๐ฎ๐œ๐ญ๐ข๐จ๐ง?A) Very familiarโ€”I review it as part of my tax pla...
10/09/2026

Quick business-owner poll:

๐‡๐จ๐ฐ ๐Ÿ๐š๐ฆ๐ข๐ฅ๐ข๐š๐ซ ๐š๐ซ๐ž ๐ฒ๐จ๐ฎ ๐ฐ๐ข๐ญ๐ก ๐ญ๐ก๐ž ๐๐๐ˆ ๐๐ž๐๐ฎ๐œ๐ญ๐ข๐จ๐ง?

A) Very familiarโ€”I review it as part of my tax planning.

B) I know it's potentially a 20% deduction, but that's about it.

C) I've heard of QBI, but I have no idea how it works.

D) QBI? Never heard of it. ๐Ÿ˜…

There's no wrong answer!

The QBI deduction can be valuable for eligible pass-through business owners, but it's also one of those tax rules that can get complicated quickly.

And whether you own a law firm or a franchise restaurant can make a difference in how the rules apply.

๐ƒ๐ซ๐จ๐ฉ ๐ฒ๐จ๐ฎ๐ซ ๐š๐ง๐ฌ๐ฐ๐ž๐ซ ๐›๐ž๐ฅ๐จ๐ฐ: ๐€, ๐, ๐‚, ๐จ๐ซ ๐ƒ?

If you own a pass-through business, you've probably heard of the 20% QBI deduction.But there's one word business owners ...
10/07/2026

If you own a pass-through business, you've probably heard of the 20% QBI deduction.

But there's one word business owners shouldn't overlook:

"๐”๐ฉ ๐ญ๐จ."

Eligible business owners may be able to deduct up to 20% of qualified business income, but the actual calculation can depend on several factors.

And that's especially important as we head toward the end of 2026.

For law firm owners, the practice of law is considered a Specified Service Trade or Business (SSTB) under the QBI rules. Once taxable income reaches certain levels, additional limitations can apply.

For franchise restaurant owners, the rules work differently. A typical restaurant business generally isn't treated as an SSTB, but taxable income, W-2 wages, and qualifying business property can still affect the calculation.

So what should you do?

Start with your numbers.

Before year-end, review:
โœ” Your year-to-date business profit
โœ” Projected taxable income
โœ” Payroll and W-2 wages
โœ” Business assets
โœ” Planned equipment purchases
โœ” Retirement contributions
โœ” Other year-end tax strategies

And make sure your bookkeeping is current.

You can't build a reliable tax projection on financial records that are several months behind.

October is a particularly useful time to have this conversation because you already have most of the year's financial dataโ€”but you still have time to plan.

Maybe there's nothing you need to change.

Or maybe your 2026 results look very different from what you expected in January.

Either way, it's better to know now than when your tax return is already being prepared.

๐†๐จ๐จ๐ ๐ญ๐š๐ฑ ๐ฉ๐ฅ๐š๐ง๐ง๐ข๐ง๐  ๐ฌ๐ญ๐š๐ซ๐ญ๐ฌ ๐ฐ๐ข๐ญ๐ก ๐ ๐จ๐จ๐ ๐ข๐ง๐Ÿ๐จ๐ซ๐ฆ๐š๐ญ๐ข๐จ๐ง. ๐€๐ง๐ ๐ ๐จ๐จ๐ ๐ข๐ง๐Ÿ๐จ๐ซ๐ฆ๐š๐ญ๐ข๐จ๐ง ๐ฌ๐ญ๐š๐ซ๐ญ๐ฌ ๐ฐ๐ข๐ญ๐ก ๐š๐œ๐œ๐ฎ๐ซ๐š๐ญ๐ž ๐›๐จ๐จ๐ค๐ฌ.

๐“๐ก๐ž ๐Ÿ๐ŸŽ% ๐๐๐ˆ ๐๐ž๐๐ฎ๐œ๐ญ๐ข๐จ๐ง ๐ข๐ฌ ๐ก๐ž๐ซ๐ž ๐ญ๐จ ๐ฌ๐ญ๐š๐ฒโ€”but are you actually getting the deduction you expect?The Qualified Business Incom...
10/05/2026

๐“๐ก๐ž ๐Ÿ๐ŸŽ% ๐๐๐ˆ ๐๐ž๐๐ฎ๐œ๐ญ๐ข๐จ๐ง ๐ข๐ฌ ๐ก๐ž๐ซ๐ž ๐ญ๐จ ๐ฌ๐ญ๐š๐ฒโ€”but are you actually getting the deduction you expect?

The Qualified Business Income deduction was made permanent under current federal law, giving eligible owners of pass-through businesses the opportunity to potentially deduct up to 20% of qualified business income.

But here's where it gets tricky:

"๐”๐ฉ ๐ญ๐จ ๐Ÿ๐ŸŽ%" ๐๐จ๐ž๐ฌ๐ง'๐ญ ๐ฆ๐ž๐š๐ง ๐ž๐ฏ๐ž๐ซ๐ฒ ๐›๐ฎ๐ฌ๐ข๐ง๐ž๐ฌ๐ฌ ๐จ๐ฐ๐ง๐ž๐ซ ๐š๐ฎ๐ญ๐จ๐ฆ๐š๐ญ๐ข๐œ๐š๐ฅ๐ฅ๐ฒ ๐ ๐ž๐ญ๐ฌ ๐Ÿ๐ŸŽ%.

Your taxable income, type of business, W-2 wages, business property, and other factors can affect the calculation.

And the rules can look very different for a law firm than they do for a franchise restaurant.

That's why October is a great time to review your numbersโ€”while there's still time to make thoughtful year-end decisions.

We've broken down what changed, how QBI works, and what law firm and franchise restaurant owners should review before December.

๐Ÿ‘‰ ๐‘๐ž๐š๐ ๐ญ๐ก๐ž ๐Ÿ๐ฎ๐ฅ๐ฅ ๐š๐ซ๐ญ๐ข๐œ๐ฅ๐ž ๐ก๐ž๐ซ๐ž: https://vist.ly/5k2tv

Walking into your office to deal with piles of papers, or even a shoebox filled with receipts, is not how you want to st...
10/02/2026

Walking into your office to deal with piles of papers, or even a shoebox filled with receipts, is not how you want to start off your tax season. Your meetings with your accountant will be much easier, and more productive, when you have all of your paperwork organized.

Do you need a little help with your taxes this year? Contact us today!

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1246 S River Road Ste 101
Cranbury, NJ
08512

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