Caroprese & Company

Caroprese & Company Caroprese & Company is a leading certified public accounting firm that provides innovative and strategic accounting and tax services to a diverse client base.

We're a cpa firm that provides services to a diverse client base of individuals, families, small and medium size businesses, government entities, non-profits and large multi-national corporations. Our dynamic professionals perform at a high intensity and are laser focused on providing excellent services to our global clientele. When partnering with Caroprese & Company, you can expect significant i

nvolvement with experienced professionals that maintain the highest levels of confidentiality. We leverage our multi-functional areas of expertise to provide tailored solutions to our clients’ most complex problems. Our success is determined not by short-term results but by the long-term success of our clients.

The SEC has recently adopted amendments aimed at improving private fund reporting. Find out what these amendments are an...
05/03/2023

The SEC has recently adopted amendments aimed at improving private fund reporting. Find out what these amendments are and how they can impact private fund advisers in our blog.

The Securities and Exchange Commission today adopted amendments to Form PF, the confidential reporting form for certain SEC-registered investment....

Each year we strategize with our clients on ways to save and reduce taxes. We've compiled a list of individual and busin...
12/02/2022

Each year we strategize with our clients on ways to save and reduce taxes. We've compiled a list of individual and business planning tips that will make your year-end planning a breeze.

Each year we strategize with our clients on ways to save and reduce taxes. Below are some things to consider for your own year-end planning. Individual Planning...

Attention private equity and hedge fund managers: New proposed reporting requirements for Form PF serve as a wake-up cal...
01/27/2022

Attention private equity and hedge fund managers: New proposed reporting requirements for Form PF serve as a wake-up call for fund managers’ legacy operating models.

Under the leadership of Chairman Gary Gensler, the U.S. Securities and Exchange Commission (SEC) is set to propose measures that would significantly increase their visibility into private-equity funds and hedge funds, the first significant potential expansion of the SEC’s oversight of private fu...

On January 18, 2022, Governor Phil Murphy signed into law New Jersey Senate Bill 4068/Assembly Bill 6110 (S. 4068), whic...
01/25/2022

On January 18, 2022, Governor Phil Murphy signed into law New Jersey Senate Bill 4068/Assembly Bill 6110 (S. 4068), which revises significant aspects of New Jersey’s elective pass-through entity (PTE) tax, known as the Business Alternative Income Tax (BAIT).

On January 18, 2022, Governor Phil Murphy signed into law New Jersey Senate Bill 4068/Assembly Bill 6110 (S. 4068), which revises significant aspects of New Jersey’s elective pass-through entity (PTE) tax, known as the Business Alternative Income Tax (BAIT).1 S. 4068 revises New Jersey’s existin...

Here are some simple tax planning tips for those interested in saving on taxes for both their personal and small busines...
12/10/2021

Here are some simple tax planning tips for those interested in saving on taxes for both their personal and small business finances. Feel free to reach out to us if you have any questions!

Every year we work with our clients to save and reduce taxes. Below are some things to consider for your own year-end planning. Individual Planning Tips Determine your capital gains/losses. Consider selling assets in taxable accounts that have unrealized losses before the end of the year to offset c...

The Infrastructure Investment and Jobs Act (H.R. 3684) (IIJA), signed into law by President Biden on November 15, 2021, ...
11/19/2021

The Infrastructure Investment and Jobs Act (H.R. 3684) (IIJA), signed into law by President Biden on November 15, 2021, establishes the Advanced Energy Manufacturing and Recycling Grant Program for small businesses investing in certain advanced energy technologies that will reduce greenhouse gas emissions (Advanced Energy Grant Program). This new grant program, described in Section 40209 of the IIJA, is modeled after the advanced energy manufacturing tax credit (IRC Section 48C), which was first authorized in the American Reinvestment and Recovery Act of 2009 (ARRA) and could be extended under the Build Back Better Act (H.R. 5376) pending before Congress.

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The Infrastructure Investment and Jobs Act (H.R. 3684) (IIJA), signed into law by President Biden on November 15, 2021, establishes the Advanced Energy Manufacturing and Recycling Grant Program for small businesses investing in certain advanced energy technologies that will reduce greenhouse gas emi...

On 11/15/21, President Biden signed an expansive $1.2 trillion infrastructure bill, the Infrastructure Investment and Jo...
11/18/2021

On 11/15/21, President Biden signed an expansive $1.2 trillion infrastructure bill, the Infrastructure Investment and Jobs Act (HR 3684), that will allow the Treasury Department to distribute $5.5 billion to federal agencies to provide monies for improvements in bridges, mass transit, rail, airports, ports, and waterways.

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On 11/15/21, President Biden signed an expansive $1.2 trillion infrastructure bill, the Infrastructure Investment and Jobs Act (HR 3684), that will allow the Treasury Department to distribute $5.5 billion to federal agencies to provide monies for improvements in bridges, mass transit, rail, airports...

The Infrastructure Investment and Jobs Act (HR 3684) has been passed by the House and Senate and sent to President Biden...
11/15/2021

The Infrastructure Investment and Jobs Act (HR 3684) has been passed by the House and Senate and sent to President Biden for his signature. Among its many provisions, the bill will repeal employee retention credits (ERCs) as of September 30, 2021. The repeal of ERCs will effectively cut the extension under the American Rescue Plan Act of 2021 (ARPA) in half by retroactively eliminating ERCs for the fourth quarter of 2021. Thus, wages paid after September 30, 2021, are not eligible for the credit.

The Infrastructure Investment and Jobs Act (HR 3684) has been passed by the House and Senate and sent to President Biden for his signature. Among its many provisions, the bill will repeal employee retention credits (ERCs) as of September 30, 2021. The repeal of ERCs will effectively cut the extensio...

The United States Treasury Department and Internal Revenue Service announced on Wednesday, March 17, that the federal in...
03/18/2021

The United States Treasury Department and Internal Revenue Service announced on Wednesday, March 17, that the federal income tax filing due date for individuals for the 2020 tax year will be automatically extended from April 15, 2021, to May 17, 2021. The IRS will be providing formal guidance in the coming days.

  The United States Treasury Department and Internal Revenue Service announced on Wednesday, March 17, that the federal income tax filing due date for individuals for the 2020 tax year will be automatically extended from April 15, 2021, to May 17, 2021. The IRS will be providing formal guidance in ...

Address

151 Forest Street
Montclair, NJ
07042

Opening Hours

Monday 9am - 6pm
Tuesday 9am - 6pm
Wednesday 9am - 6pm
Thursday 9am - 6pm
Friday 9am - 6pm

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+19734758090

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