FIRM1040 - Tax & Accounting

05/30/2022

Our summer hours have been added to our website.

Hours: Monday 12:30 PM to 7 PM, and Tuesday to Friday 10:30 AM to 4 PM EST.

As always, we can be reached via phone 973-339-7773, email at [email protected] or a scheduled quick chat https://bit.ly/3t5MXS2

05/18/2022

Here’s what you should know about IRAs for kids.
http://ow.ly/toUC50JaM3P

For those young workers who have W-2 income, it's time to consider making annual contributions to a Roth IRA...

04/12/2022

The last day for in-office appointments is Thursday, Apr 14. The tax filing deadline (if you owe) is Monday, Apr 18. 💰

03/29/2022

There’s no reason you can’t legally avoid paying higher taxes as the super-rich do.

We utilize legal methods of tax minimization to help you save enough money to live happily in retirement.

The tax season is almost over. Schedule a quick chat with our CPA to see how we can help you build wealth into retirement.

https://buff.ly/3HHDFQE

03/21/2022

We have been helping clients save on taxes since 2006.

Experience a trouble-free tax filing process while we find deductions that can minimize your tax liabilities. Spot mistakes that can leave money on the table...

03/18/2022

New rules for deducting mortgage interest are causing confusion and adding additional documentation. It's more important than ever to understand the numbers on your tax forms.

Mortgage companies report interest to both you and the IRS, but that doesn't mean all the interest you pay is tax deductible. Here are four major areas that are causing confusion.

03/17/2022

Based on data reported by the IRS in 2021, the government has a deficit of $3 trillion. Yikes!

Spending more than you bring in will cause big problems… eventually. Money doesn’t just magically appear on printing presses.

Solutions to money problems are the same for everyone. When you have a money problem, you either bring in more money, spend less, or some combination of the two.

Do you think the government should spend less or increase taxes to pay off their debt?

03/14/2022

Helping your child get a head start on retirement saving, eases any anxiety regarding retirement and help them focus on school, starting their career, and other personal development goals.

It's how to make your child a tax-free millionaire.

Like this post if you want this for your child.

03/11/2022

If your gross income is less than the federal standard deduction, you usually do NOT need to file a tax return, but getting this wrong can cost you. Know the exceptions to the rule!

Do you need to file a tax return this year? Here are some handy tips to help you decide.

03/10/2022

Here at FIRM1040, we believe a lifetime of financial peace is one of the keys to happiness.

This is why we want to help you make better financial decisions and give you the confidence to plan the future you desire, a future you deserve.

Like this post if you deserve financial peace.

03/07/2022

Here's how to get your overpayment (refund) as soon as possible.

☑️ E-file your 2021 tax return

☑️ Stay calm, if you receive an IRS notice indicating you have an unfiled tax return. They're behind.

☑️ Respond in a timely manner via certified mail. This will provide proof of your timely correspondence

Avoid getting your tax refund delayed and steer clear from late-filing and payment penalties resulting from the IRS backlog.

Book an appointment or give us a call if you need to file your taxes.