BFS CPA Firm

BFS CPA firm provides high quality tax and accounting professional & personalized services throughout the New Jersey area.

Blessing Financial Services, LLC, located in Bridgewater, New Jersey, is a full-service accounting CPA firm serving clients throughout the New Jersey area, dedicated to providing its clients with professional, personalized services and guidance in a wide range of tax, accounting and audit needs. Jane Chen, is a licensed CPA, CGMA, MBA and Advanced Intuit Quickbooks ProAdvisor, who has successfully

handled tax payers’ IRS reviews & audit cases and helped nonprofit organizations to reinstate their tax-exempt status. She has decades of international & domestic experience in both public/private and non-profit environments, providing high quality, and cost effective professional services in the following areas:

* Business & Individual Tax Return Preparation & Tax
* Quickbooks Accounting/Writing-Up
* Payroll
* IRS Representation
* Quickbooks Accounting System Services
* Internal Audit
* Non-profit Organization Consulting
* Business Startup

Blessing Financial Services, LLC is thoroughly conversant with Chinese business culture. Jane Chen, CPA is fluent in both English and Chinese language (Mandarin) with an emphasis on specialized business practice integrating the Western and Eastern profit motives with synergized profit results. The Firm continues to build its trust-worthy, respectful working relationship with clients through its honesty/integrity and class.

06/01/2026

If you have unfiled tax returns, getting back on track may be easier than you think. But the longer you wait, the more costly it becomes. The IRS charges a failure-to-file penalty of 5% per month (up to 25%) of the unpaid tax. There’s also a separate failure-to-pay penalty of 0.5% per month (up to 25%) of the unpaid tax. If both apply in the same month, the combined penalty is generally 5% per month. Returns over 60 days late are subject to a minimum penalty. Filing, even if you can’t pay in full, can reduce penalties and open the door to payment plans or other relief options. Call us at (908) 393-9752 for help.

05/29/2026

Does your business provide complimentary on-site food and beverages for employees? The rules for deducting certain business meals have changed. Beginning in 2026, employers generally can’t deduct 1) meals treated as de minimis fringe benefits, or 2) employer-provided meals that are excludable from an employee’s income and provided for the employer’s convenience on business premises. For the 2025 tax year, generally the former were 100% deductible and the latter were 50% deductible. Contact us at (908) 393-9752 to discuss whether this change will affect your company and how to plan accordingly.

05/27/2026

Business owners: If you’re only reaching out at tax time, you may be missing some valuable insights. Why stop at tax filings? Let us help you make smarter business decisions year-round — from improving cash flow to navigating economic uncertainty to planning for growth. Please call us at (908) 393-9752 to learn more about how we can support your strategic goals.

05/25/2026

Beginning July 4, 2026, parents, grandparents and others can contribute to Trump Accounts (TAs) for the benefit of eligible children. Certain children born 2025–2028 may also qualify for a $1,000 starter deposit from the federal government. TA contributions are generally limited to $5,000 per year (not counting the government deposit) and aren’t tax deductible. But earnings grow tax-deferred. At age 18, the TA will become a traditional IRA. For education goals, options like 529 plans may be better, because qualified education withdrawals are tax-free. Contact us at (908) 393-9752 to discuss what fits your family.

05/22/2026

The IRS has issued final regulations on the tax deduction for qualified cash tips. The legislation commonly known as the “One Big Beautiful Bill Act” created the deduction of up to $25,000 per year for 2025 through 2028. Qualified tips generally refer to cash tips received by an individual in an occupation that “customarily and regularly” received tips on or before Dec. 31, 2024. The final regs list more than 70 eligible occupations. In addition to occupations previously listed in the proposed regs, the final regs add visual artists, floral designers and gas pump attendants. The final regs also provide clarifications to the definition of a qualified cash tip. For more details, call us at (908) 393-9752.

05/20/2026

Imagine if a fraud perpetrator wiped out your 401(k) account balance overnight. Would you still be able to retire? Millions of dollars in U.S. retirement plans have been stolen thanks to hackers, identity thieves and social engineers, such as scammers using phishing emails to obtain financial and other personal information. But you can protect your hard-earned savings! Call us (908) 393-9752 for retirement planning help.

05/18/2026

While the thresholds for the 3.8% net investment income tax (NIIT) have remained unchanged since the NIIT went into effect in 2013, taxpayer incomes have generally grown significantly. So more taxpayers are getting hit with this additional tax. The NIIT applies to the lesser of your net investment income or the amount by which your modified adjusted gross income exceeds the applicable threshold. And it kicks in long before the top short- and long-term capital gains rates apply. We can help you manage potential NIIT exposure. Contact us at (908) 393-9752.

05/15/2026

The Qualified Opportunity Zone (QOZ) program offers tax breaks on capital gains from eligible long-term investments in designated low-income and rural communities. The One Big Beautiful Bill Act made the QOZ program permanent and established a new 10-year designation cycle. The IRS has issued guidance on how to nominate population census tracts for designation as QOZs. The next round of QOZs will be effective from Jan. 1, 2027, to Dec. 31, 2036. Generally, state and territory governors can begin nominating eligible census tracts for QOZ designation on July 1, 2026. The nomination period lasts 90 days, with the option of a single 30-day extension. Contact us at (908) 393-9752 with any questions about QOZ tax breaks.

05/13/2026

Do you dream of retiring early? As in, really early? So do adherents of FIRE (Financial Independence, Retire Early). Many FIRE followers aim to retire in their 40s or even 30s! They make it happen by saving at least 50% of their current income, which some maximize by working second jobs. Obviously, this requires discipline and planning. But if early retirement is a priority, call us {Phone%} so we can help you make it happen.

05/11/2026

No two taxpayers are exactly alike — so your tax strategies shouldn’t be either. Our firm provides customized tax planning for individuals and businesses. We can identify opportunities to reduce taxes in your specific situation while helping you stay compliant with changing tax laws. Call us at (908) 393-9752 to get started.

Address

23 Jenna Drive
Bridgewater, NJ
08807

Website

http://www.blessingfinancialservices.com/

Alerts

Be the first to know and let us send you an email when BFS CPA Firm posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to BFS CPA Firm:

Shortcuts

Want your business to be the top-listed Accountant in Bridgewater?