Your Trusted Tax Accountants in Florham Park
Outsourcing your tax preparation and filing to the right professional is an important decision to make. At Piemonte and Liebhauser, we are proud to be your trusted source for accurate business and tax services. Practicing since 2004, we have helped Florham Park businesses and individuals prepare their taxes on time while legally reducing their tax liabilities and maximizing their deductions.
Whether you are looking for assistance with tax preparation only or you need further tax help, our accountants are ready to provide you with the personalized support you deserve. Reach out to us today to schedule a consultation!
5 Benefits of Hiring Piemonte and Liebhauser to File Your Taxes
We are very passionate about serving our Florham Park small businesses and know how valuable professional tax and accounting services are to a company's success. Here are five things our CPAs can do for your business taxes.
Business Tax Planning & Preparation
Piemonte and Liebhauser is a full-service business management and tax preparation firm dedicated to providing unparalleled support and first-class service for businesses in sports and entertainment as well as other industries. We leverage our knowledge and expertise on tax regulations to help you reduce liability on tax filing and make strategic business tax decisions throughout the year
Whether you are a small business owner, or someone working abroad, we can help you file your US tax returns. We can help even if your business operations are based overseas, but production is done here in the US. Our CPAs stay on top of changes in tax regulations, helping you avoid pitfalls and file accurately to avoid hefty fines or IRS audits.
Our CPAs are skilled in customizing tax services based on your unique financial situation and the structure of your business. Don't get overwhelmed by the complexities of filing tax returns. Our professionals will not only help you protect your business capital with efficient filing but also stand behind you for any tax complications.
How Can Tax Planning Help My Business?
In addition to preparing and filing your taxes, our CPAs give special focus to tax planning. Business tax planning helps you stay proactive, helping you save money in the long run. Whether you are making a sale, upgrading your equipment, or securing new stocks, we can help you save money on tax rebates, benefits, chargebacks, and unclaimed deductions.
Tax planning helps your business be more profitable by legally minimizing tax liability and taking advantage of available exemptions, exclusions, deductions, and allowances. We provide you with a successful tax planning strategy to help you achieve your business goals with ease.
Quarterly Tax Filing Support for Small Businesses
The type of business entity and tax liability for the year will determine when and how often you are required to file tax returns. Generally, you need to be prepared to pay quarterly taxes if you are a small business owner expecting to owe at least $1,000 in taxes from your business. Our CPAs are experienced with a broad range of requirements and can help you compile an estimate of your annual taxes and determine which type of filing you are required to meet.
Payroll & Sales Tax Help
Payroll taxes are one of the most complex taxes for businesses to deal with each year. A simple error can result in a costly fine and, in some cases, a payroll audit. Sales tax can be a headache, too. Our professionals can help you organize your business tax information and keep your payroll and sales tax ready to file on time. This will help you avoid errors and subsequent fines or audits.
Do All Businesses Need to File Taxes?
All businesses must file their taxes every year, except for partnerships. Partnerships file an information return annually, reporting their deductions, gains, losses, and income from their operations. Instead of paying income tax, partnerships pass profits and losses to the owners.
In case your business needs more time to file for taxes, we can help you file an extension to protect you from IRS penalties.
Tax Preparation and Planning for Individuals
Take the stress out of tax time by allowing our CPAs to lend you a hand. We pride ourselves on being excellent listeners and communicate efficiently with you to best understand your financial situation inside-out before preparing your taxes. Tax compliance and strategic tax planning are key to keeping your profits in your pocket.
At Piemonte and Liebhauser, we understand that every stage of life has its challenges, and we provide you with services to make preparing for important life events easier, such as saving for college, retirement, or change of filing status.
Estate and Trust Tax Preparation
Executors and trustees are required to file tax returns for decedent's estate or living trust after their death. These tax returns are the similar to what an individual or business would file, but they are subject to somewhat different rules.
At Piemonte and Liebhauser, we have a wealth of experience working with executors and trustees, and can help in valuation challenges presented by estates and trusts. Our tax planning and preparation services can help with the administration and financial management of estates and trusts.
What Documents Should I Prepare to File My Taxes?
Based on your situation, the documents needed might change, so you will need to consult with our professionals. However, the most common documents include:
When is the Tax Submission Deadline for Individuals?
The 15th of April is usually the deadline for individual tax return submissions. However, the actual date may sometimes vary if it falls on a holiday or weekend. In case you need more time to have your documents ready, we can help you file for an extension to prevent an IRS penalty.
Get Efficient Tax Solutions in Florham Park
At Piemonte and Liebhauser, whether you're looking for tax expertise to file your own taxes or your Florham Park business taxes, we are ready to help and have the support you need. Reach out to us today for efficient tax help.