Service packages tailored to your needs
Formation, Amendment, Reinstatement and Dissolutions of Business Entities
Business formation is the first step when starting a business. The way in which your business is formed will determine the personal liability of the members and how taxes will be paid.
Amendment in business is a change or modification made to an existing legal document. It is often an addition or correction.
Reinstatement is the action taken that restores an administratively dissolved business entity’s rights, powers, and authority.
A business dissolution is a formal closure of a business with the state.
Income Tax (Personal and Business)
Various types of income are taxable, and most of businesses and individual persons who work in the United States need to file a tax return if they make more than a certain amount for the year.
Income Tax: Taxes collected on your business’s net income and profits.
Sales and Use Tax: Taxes paid for the sale of taxable goods and services.
Payroll Taxes and Wage Withholding: Taxes held on your payroll (if you have employees)
Specialty Taxes: Taxes unique to certain services or industries.
Federal and State
This is an insurance that provides wage benefits and medical care to employees injured on the course of employment.
ITIN Application
An Individual Taxpayer Identification Number (ITIN) is a 9-digit tax processing number issued by the Internal Revenue Service. ITIN is a tax processing number the IRS issues to people who cannot get a Social Security Number so they can comply with U.S. tax laws.
Bookkeeping
Bookkeeping is the recording of financial transactions such as purchases, sales, receipts, and payments by an individual person or an organization/corporation. Bookkeeping is essential for the business’ organization.
Payroll
Payroll is the process a business uses to pay its employees. Completing payroll correctly ensures that the employees are paid correctly and on time and that the business is paying all of the necessary taxes as required by law.
Forms 1099s / W9s
Form 1099 is an IRS tax form used to report various types of income other than wages, salaries, and tips. Payments over $600 and due to interest, dividends, non-employee compensation, or retirement plan distributions are reported in a 1099 form.
Audits
An audit is the review and inspection of a company or individual’s financial situation. Audits are related to General Liability insurance, Workers’ Compensation, Income Tax with the IRS, Income Tax with the State, and many others.
Directories
Contact Us
306 Chestnut Street
Newark, NJ 07105
- Email: [email protected]
- Phone: +1 (973) 344-6203
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Business Hours:
Monday to Friday: 9 am – 5:30 pm
Saturday: 9 am – 12 pm
Sunday: Closed