George Basily CPA MST CGMA

George Basily CPA MST CGMA I have 15 Year experience in my field. member of the CPA society

Bankruptcy is a legal process, governed by federal statute, whereby the debts of an insolvent person are liquidated afte...
05/29/2026

Bankruptcy is a legal process, governed by federal statute, whereby the debts of an insolvent person are liquidated after being satisfied to the greatest extent possible by the debtor's assets. During bankruptcy, the debtor's assets are held and managed by a court-appointed trustee.

Running a business is already challenging enough.Late paperwork, disorganized records, and financial stress can slow dow...
05/28/2026

Running a business is already challenging enough.

Late paperwork, disorganized records, and financial stress can slow down your growth more than you realize.

At George Basily CPA, we help businesses simplify their finances, stay organized, and focus on what matters most — growth.

Let us handle the numbers, so you can handle your business with confidence.

Book your consultation today.

Looking to buy a business? Most buyers don't ask enough questions or require enough financial history to make an informe...
05/28/2026

Looking to buy a business? Most buyers don't ask enough questions or require enough financial history to make an informed decision. Any business worth buying should have kept adequate records. The inability or the unwillingness to provide the proper financial information is an indication that the business may be overpriced.

If you are planning to buy a house or anticipate any other transaction that will require proof of income, you may wish t...
05/27/2026

If you are planning to buy a house or anticipate any other transaction that will require proof of income, you may wish to file early. This is especially important if you are self-employed. You can then make your filed tax return available to your bank or other financial institution.

An operating agreement is an agreement, usually a written document, that sets out the rules by which a LLC is to be oper...
05/26/2026

An operating agreement is an agreement, usually a written document, that sets out the rules by which a LLC is to be operated. It is the LLC equivalent of corporate bylaws or a partnership agreement.

Many tax credits are “refundable credits.” This means you can receive a refund even if you owe no income tax. Common exa...
05/25/2026

Many tax credits are “refundable credits.” This means you can receive a refund even if you owe no income tax. Common examples available to students and parents are the earned income tax credit and the premium tax credit.

Enjoy Memorial Day Weekend!“If everything seems to be under control, you’re not going fast enough.”
05/22/2026

Enjoy Memorial Day Weekend!
“If everything seems to be under control, you’re not going fast enough.”

The Alternative Minimum Tax is a tax imposed to back up the regular income tax imposed on corporation and individuals to...
05/21/2026

The Alternative Minimum Tax is a tax imposed to back up the regular income tax imposed on corporation and individuals to assure that taxpayers with economically measured income exceeding certain thresholds pay at least some income tax.

05/20/2026

Paying taxes is part of doing business.
Paying more than necessary shouldn’t be.

The right strategy isn’t about avoiding taxes — it’s about planning smarter, protecting your business, and making informed financial decisions.

Every successful move starts with a plan.

Book your consultation today and let’s build a strategy that works for you.

Purposive tax planning involves strategically structuring your financial affairs in ways that lower your tax burden. An ...
05/19/2026

Purposive tax planning involves strategically structuring your financial affairs in ways that lower your tax burden. An example is placing your assets in a trust to minimize estate taxes for your beneficiaries.

Address

H13 Brier Hill Court
East Brunswick, NJ
08816

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

Telephone

(732) 387-2568

Website

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