AC Tax & Bookkeeping Specialist LLC

11/29/2023

It's important for parents to establish positive financial habits in their children at a young age. Build saving and budgeting skills by providing a weekly allowance as payment for completing chores. When children have to work for their money, they’ll learn to use it more carefully! Contact us at (201) 988-5318.

11/28/2023

Did you know that setting up and reviewing a budget is directly related to startup success? We keep your finances in order so you can continue focusing on what you love! Call us at (201) 988-5318 to schedule a consultation.

11/27/2023

Running a business without an accounting system can be very tricky. It is comparable to growing up and attending school without ever receiving a report card about how you did. It will be hard to know if you outperformed your numbers from last year and what you need to do differently this year. Spend more time focusing on your business and let us handle the rest! Call us at (201) 988-5318 to schedule a consultation.

11/24/2023

Managing your credit score is a vital aspect of personal finance and can have multiple effects on your ability to borrow money. Unfortunately, some people struggle with maintaining a good credit score due to a variety of reasons such as excess spending habits or a lack of financial education. Following these tips can help boost your credit score and get you one step closer to financial freedom. No problem is too big and no detail is too small. We are available to handle it all! Give us a call at (201) 988-5318.

A good credit score gives you access to financing and positively impacts your ability to borrow money. It is also essential when seeking approval for a mortgage or rental and can affect your job opportunities. Unfortunately, some people struggle with maintaining a good credit score due to poor spend...

11/23/2023

We’d like to wish our clients, business partners, associates, friends, and all of your families a happy Thanksgiving. We are grateful for your trust and loyalty! Thanks for being part of our family. 🦃🥧

Guidance to navigate through life's challenges towards financial success is just a call away! Contact us at (201) 988-5318.

11/22/2023

Spend more time focusing on your business and let us handle the rest! We are here to help you! Call us at (201) 988-5318 to speak to one of our financial professionals.

11/21/2023

There are usually two types of accounting methods that small businesses use, and it is important to know which one is right for you. The first one is accrual accounting. This type is used when businesses are dealing with manufacturing and inventory. The second one is cash-basis accounting. With this method, profits are on record when you receive earnings, and costs are recorded after the bill has been paid. Need an accountant? Why wait? Call us today at (201) 988-5318 to schedule a consultation!

11/20/2023

In cash-based accounting, companies document revenue when money is received. They record expenses when the cash is paid. Cash-based accounting is perfect for smaller businesses and professional service firms that do not hold inventory. In accrual accounting practice, income is reported when earned not when cash is received. Expenses are documented when money is incurred not actually paid. Accrual-based accounting is suitable for significantly larger and more complex businesses with inventory or shareholders and investors. Do you have accounting questions? We have the answers! Talk to us at (201) 988-5318.

11/17/2023

Staying up to date on your business’ financial reports is essential for success. It requires accurate and timely reporting as it can provide a glimpse into the health of your business and guide decision making. When done accurately and properly, financial statements can fuel your business growth and promote business continuity.

Savvy business owners understand the importance of having a complete, up-to-date understanding of a business' financial status. One of the most effective ways to accomplish this is through timely and accurate financial reports. When produced efficiently, financial reports provide a snapshot of finan...

11/15/2023

Have you been tracking your mileage this year for your 2023 taxes? For 2023, the IRS' standard mileage rates are $0.655 per mile for business, $0.22 per mile for medical or moving, and $0.14 per mile for charity. Read this article to familiarize yourself with the use requirements and how to make sure you are properly tracking miles to be ready for tax season. For all your tax-related questions, contact us at (201) 988-5318. We'd love to help you!

The 2023 IRS standard mileage rates are 65.5 cents per mile for every business mile driven, 14 cents per mile for charity and 22 cents per mile for moving or medical.

11/14/2023

Board games can help kids learn the importance of thriftiness while having fun! Games like Payday and Monopoly can teach your children valuable budgeting, investing, and money management skills. Find the right game for your family and try it out at your family's next board game night! Give us a call at (201) 988-5318.

11/13/2023

Your business isn't bookkeeping, but it is ours. Let us take care of it for you! Contact us today at (201) 988-5318.