Sincoff & Sincoff LLC

05/28/2026

Managing taxes might be a little tough for you if you are self-employed in New Jersey. If you understand the basic it will become easier for you to understand the dynamics of being a self-employed taxpayer.

This blog post will help you understand the tax return filing requirements as a self-employed individual and much more.

Self-Employed Taxes In New Jersey

Self-employed taxes are the kind of taxes imposed on workers who work for themselves. The scenario in their case is different from that of other employees who get their salaries after tax deduction from their paychecks.

As there is no employer in their case, self-employed people are in charge of figuring out and paying their own taxes. This covers both state and federal taxes.

Tax Return For Self-Employed Person

Self-employed workers must pay self-employment tax as well as income tax under New Jersey Law.

Managing taxes might be a little tough for you if you are self-employed in New Jersey. If you understand the basic it will become easier for you to understand t

05/25/2026

To those who have served, we thank you. As a Veteran-owned business - we remember our fallen and honor our military. Thank you for your service, and welcome home.

05/14/2026

Most small business owners do not have clearly stated expenses and so they are unable to identify business tax write-offs in NJ. With such a vague understanding, they do not know what should count and what should not. However, with some professional help, they can get a lot of deductions on their tax return and could save a lot of money.

In this blog, we are going to discuss the best business tax write-offs in NJ. Here are some of the deductions these business owners often miss.

Best Business Tax Write-Offs In NJ

Memberships and Subscriptions

Every small or large business now utilizes software and so they are likely to incur monthly fees for their services. It can be QuickBooks for accounting or Adobe for design tasks. All those deductions are made from your bank account and all of them come under the category of business expenses.

Business Write-Offs For The State of New Jersey

As a matter of fact, we tend to overlook these expenses because they get deducted automatically.

Most small business owners do not have clearly stated expenses and so they are unable to identify business tax write-offs in NJ. With such a vague understanding

05/10/2026

Happy Mother's Day to all the moms, aunts, grandmothers, and mother figures out there!

04/30/2026

Running a small business in New Jersey means handling many tasks at once. You deal with vendors, staff, and customers every day. The last thing you want is a letter from the IRS saying your return is under review.

Every year, many business owners get audited. Smart ones know what triggers an audit and stay out of trouble. The IRS does not choose returns by chance. It uses a system that looks at your numbers and compares them to similar businesses. If something looks off, your return gets a closer look.

Here are the main reasons businesses get audited and how to avoid them.

Cash Businesses Get More Attention

Businesses that handle a lot of cash face higher audit risk. This includes restaurants, salons, and repair shops. Cash is harder to track than card payments. If cash is not recorded, it looks like hidden income. The IRS knows this pattern from past audits.

You do not need to just stop taking cash, but play it smart and track it well.

Running a small business in New Jersey means handling many tasks at once. You deal with vendors, staff, and customers every day. The last thing you want is a le

04/27/2026

For residents of New Jersey, the immediate response to this question, “LLC vs S-Corp: Which one is better?” is often an LLC, which is less expensive to establish, simpler to run, and provides liability protection. To choose the ideal NJ business entity for your company, however, there are a lot of factors to take into account.

The LLC might not be the best option or even a viable one, depending on your company's objectives. Nothing in this post should be interpreted as legal or tax advice; it is just meant to be instructive.

Limited Liability Company (LLC)

Legally speaking, a limited liability business, or LLC, is different from its owners. An LLC provides its owners with a specific tax status that may avoid "double taxation" of the owners' income, as well as restricted personal liability for the business's activities.

LLC or S-Corp, Which is the One You Need?

For residents of New Jersey, the immediate response to this question, “LLC vs S-Corp: Which one is better?” is often an LLC, which is less expensive to esta

04/13/2026

Professor of Accounting once said to me,
Be polite, listen to your clients, look at the tax law like a menu that will give you the answers. Remember the information you give out should be based on what client tells you. You are like a Doctor, that prescribes IDEAS, and you review situations that should do no harm.

04/09/2026

Running a business in New Jersey means managing one of the more complex tax environments in the country. The state imposes its own filing obligations in addition to federal requirements, and the rules differ based on entity structure, revenue thresholds, and payroll size. Most NJ business owners understand that they need accounting help, but few know the difference between standard bookkeeping and strategic tax planning, and how a qualified CPA optimizes the business’s accounting. This guide highlights the core accounting services NJ companies need and how they benefit businesses. Sincoff & Sincoff has been providing expert business accounting services for NJ companies for decades.

Running a business in New Jersey means managing one of the more complex tax environments in the country. The state imposes its own filing obligations in additio

04/06/2026

An extension filed is only for Income Tax Return. An EXTENSION IS NOT FOR PAYING THE TAXES YOU MAY OWE. For some states a federal income tax EXTENSION is not enough, you must also file an extension with the state you live in.
Sincoff and Sincoff, LLC

04/04/2026

Believe it or not it is time to plan for 2026. Is it time to discuss with your financial planner about tax managing your brokerage accounts? Is it time to discuss your interest income from the bank, treasury bonds or municipal bonds? Is it time to discuss how you play the stock market as a trader or investor? Is it time to discuss the new rules on gambling, winning and losses? Is it time to discuss your business loans and your cash flow? This is what we do, at Sincoff and Sincoff, LLC. a C.P.A. firm that is personal with our clients and we are a family business. AI is great but it is only a tool.