Trust your accounting & tax needs to us on personal & business levels!
General Info
At Angelo Gallo, CPA, a Northern New Jersey CPA firm, we provide a wide variety of accounting, tax, and financial management services tailored to meet the needs of our business clients. Our certified public accounting (CPA) services are designed to make your job easier and provide you with more time to focus on building your business. We keep abreast of tax law changes throughout the year to ensure that you are taking advantage of ALL tax incentives. To better meet the needs of our accounting and tax clients throughout the Northern New Jersey area, we also have individualized services for clients in industries like Construction Accounting, Medical/Dental Accounting, Real Estate Accounting, professional services and other service businesses. These individualized services have enabled us to address your industry specific challenges, compliance needs and industry standard tax practices.
Industry Specific Services: * Construction Accounting * General contractors* Home builders* Sub-contractors* Specific construction trade * Medical Accounting --doctors, dentists, veterinarians, and related medical providers* Real Estate Accounting -- developers, investors, operators, mortgage brokers, and more * Professional Services -- architects, legal, information technology and consulting services * Consumer Services -- electricians, plumbers, painters, home builders, and more * All Tax Services * Accounting and Bookkeeping * Accounting software assistance -- QuickBooks * State and local taxes (SALT) * Incorporations * Outsourced Financial Management * IRS Problem Resolution * E-file * Payroll * Succession Planning We offer a free initial consultation for business owners.
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Charitable Giving
Budget is front of mind for business owners, but other financial issues impact your business, too. Consider a full portfolio review with your accountant to plan your financial future. Some critical topics to cover include strategies to improve cash flow, existing business loans, capital investment, charitable contributions, employee-related expenses like bonuses and health care, retirement planning, and asset management.
Estate Taxes
IRS Representation
Tax Services
In our age of technology, most of us have become do-it-yourselfers. This makes sense in most cases, but not when it comes to individual or business tax preparation. Entering a few numbers into the latest tax software might be quick and easy, but it could end up costing you hundreds or even thousands of dollars if you make a mistake. Don’t take chances with your tax return, trust a real person to prepare your taxes. Contact the Hawthorne, NJ tax accountants at Angelo Gallo, CPA now.
Real Estate Taxes
Direct expenses are costs that apply only to your home office. The cost of painting your home office is an example of a direct expense. Indirect expenses include expenses such as rent, mortgage interest, real estate taxes, maintenance, and homeowners insurance. You can deduct only the business portion of your indirect expenses. These expenses are typically allocated between business and personal use based on square footage.
Tax Deductions
As a small business owner, you probably think about tracking expenses and keeping up with tax deductions, but these aren't the only critical accounting tips you should know. Whether you've been in business for a while or you're a new start-up entrepreneur, read on for our 8 best accounting tips.
Income Tax
Like many business owners, you may have structured your business as an S corporation because of the tax benefits it offers. An S corporation provides the same limited liability as a traditional C corporation, but it generally avoids the double taxation associated with a C corporation. You and the other shareholders (if any) pay income taxes on corporate income directly.
At Angelo Gallo, CPA, we offer optimal financial solutions to meet the accounting and bookkeeping needs of all kinds of small businesses. We’ll keep your finances organized and up to date while you focus your efforts on core business issues. And we'll deliver regular, meaningful, financial reports to make sure you always have a clear financial snapshot of your business.
Cash Flow Analysis
Bookkeeping Services
We supply a variety of accounting and bookkeeping services for small businesses, including financial statements, budgeting, and cash flow maintenance.