Cullari Carrico LLC

Cullari Carrico LLC Certified Public Accountants and Advisors. We are committed to your financial well being! This places our firm amongst the leaders of our industry.

Cullari Carrico, LLC is a well-established quality certified public accounting firm. For decades, our partners have offered a fully diversified range of services and expertise to both business and individual clients. Our firm provides complete tax, accounting, auditing, management and personal consulting services to a wide range of businesses as well as individual clients. We have concentrated kno

wledge in numerous areas including real estate, construction, printing, distribution and manufacturing, retail operations, communication, not-for-profit organization, medical fields, car dealerships, and various other service industries. In addition, we have considerable experience in advising highly compensated executives of public companies. We are proud to have received the highest possible ranking from the Peer Review Program of the American Institute of Certified Public Accountants. Our dedicated professional staff are at your service to address all your business and personal tax needs.

Whether your business sponsors a 401(k) plan or is considering it, automatic enrollment deserves a fresh look. This feat...
07/22/2026

Whether your business sponsors a 401(k) plan or is considering it, automatic enrollment deserves a fresh look. This feature automatically enrolls eligible employees in the plan unless they opt out or choose a different contribution rate. Under the SECURE 2.0 Act, many 401(k) plans established on or after December 29, 2022, must include an auto-enroll feature for plan years beginning after December 31, 2024. (Some exceptions may apply.) Older plans generally aren’t required to add this feature, but doing so can benefit both employers and employees. Call us at (973) 406-3955 for more information.

Is federal tax debt blocking you from achieving your financial goals? Unresolved tax debt can lead to interest and penal...
07/21/2026

Is federal tax debt blocking you from achieving your financial goals? Unresolved tax debt can lead to interest and penalties, tax liens, asset seizures — and even the denial or revocation of your passport. These consequences can make it difficult to move forward. The good news is relief may be just a phone call away. We can assess your situation and help you find a path forward. Contact us at (973) 406-3955 to discuss your next steps.

Tax law changes have created new planning opportunities for 2026. A review of your expected income and expenses for the ...
07/20/2026

Tax law changes have created new planning opportunities for 2026. A review of your expected income and expenses for the year, along with any significant life changes, may uncover strategies to reduce your taxes. Start the conversation before year-end for more time to take tax-saving steps. And if you extended your 2025 return, we can help you file before the Oct. 15 deadline. Call us at (973) 406-3955 to schedule an appointment.

The ultimate success of a business often comes back to decisions made at its inception. If you’re planning to start a bu...
07/17/2026

The ultimate success of a business often comes back to decisions made at its inception. If you’re planning to start a business, one key decision is choosing its structure, commonly sole proprietorship, C corporation, S corporation, partnership or limited liability company. In addition to owner liability variations, all have different tax requirements that can affect everything from hiring to cash flow to owner income. Another critical decision is choosing a tax year — either a calendar year or a fiscal year (12 consecutive months ending on the last day of any month except December). Call us at (973) 406-3955. We can help you make the best decisions for your current situation and your business’s future.

You’ll probably owe tax on your retirement income — how much depends on factors such as the types of retirement accounts...
07/15/2026

You’ll probably owe tax on your retirement income — how much depends on factors such as the types of retirement accounts you own and your other income sources. In general, retirees should withdraw funds from any taxable accounts first, tax-deferred accounts second and tax-free accounts last. But different withdrawal strategies may benefit you. The important thing is to start planning before you retire. Call us at (973) 406-3955 for help.

Your business can show a profit on paper and still face cash shortages because profit and cash flow measure different th...
07/14/2026

Your business can show a profit on paper and still face cash shortages because profit and cash flow measure different things. Profit reflects revenue minus expenses, while cash flow tracks the movement of cash in and out of your business. Cash shortfalls are especially common for growing businesses. That’s because you typically must pay suppliers, vendors and lenders upfront, and then wait for customers to pay you. Understanding the difference between profit and cash flow — and how to account for each — can help you make smarter financial decisions. Contact us at (973) 406-3955 to learn strategies for improving cash flow management.

Owning assets jointly with your adult child can invite unwelcome tax consequences that may outweigh potential benefits. ...
07/13/2026

Owning assets jointly with your adult child can invite unwelcome tax consequences that may outweigh potential benefits. For example, owning an asset together as “joint tenants with right of survivorship” can open up transfer tax exposure. If you add your child to the title of property you already own, it may be considered a taxable gift of half the property’s value. And when you die, half of the property’s value will be included in your taxable estate. A properly designed trust can be a more tax-efficient option. Call us at (973) 406-3955 for details.

If your C corporation traditionally makes deductible charitable gifts, make sure you know the rules for 2026 donations. ...
07/10/2026

If your C corporation traditionally makes deductible charitable gifts, make sure you know the rules for 2026 donations. Starting Jan. 1, 2026, corporations can only deduct charitable gifts in excess of 1% of the company’s taxable income, with a 10% of income cap. Amounts exceeding the 10% cap can be carried forward — as can amounts that aren’t currently deductible due to the 1% floor — for up to five years. You may want to execute a multiyear charitable deduction strategy if your company’s income varies from year to year. Contact us at (973) 406-3955. We can help by projecting income and other deductions so you can support your community while maximizing long-term tax benefits.

Business owners and self-employed individuals who use their vehicle for business may be able to deduct auto-related expe...
07/08/2026

Business owners and self-employed individuals who use their vehicle for business may be able to deduct auto-related expenses. But if a vehicle (including a car, van, pickup or panel truck) is used both for business and personal purposes, the expenses must be split based on mileage. These rules apply to both owned and leased vehicles. There are two methods for calculating auto expenses: actual expenses and the standard mileage rate. Both require careful recordkeeping, though using the mileage rate is generally easier. Contact us at (973) 406-3955 to determine which method makes sense for your situation.

Tax planning requires more than preparing returns at filing time. We work with individuals and businesses throughout the...
07/07/2026

Tax planning requires more than preparing returns at filing time. We work with individuals and businesses throughout the year to identify tax-saving opportunities, address compliance requirements and respond to changing tax laws. Call us at (973) 406-3955 to schedule an appointment to discuss your tax needs.

Address

55 Lane Rd
Fairfield, NJ
07004

Opening Hours

Monday 8am - 5pm
Tuesday 8am - 5pm
Wednesday 8am - 5pm
Thursday 8am - 5pm
Friday 8am - 11am

Telephone

(973) 406-3955

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