Tepp Accounting Services

11/28/2022

Thank you so much TAPinto Westfield for the feature in their recent article!

The team at Tepp Wealth Management celebrated their move from Quimby Street to a new, larger space at 210 Elmer Street in Downtown Westfield recently.

11/07/2022

It was an honor to have Mayor Shelley Brindle at our grand opening of our newest location! Thank you for your support.

06/08/2020

See below ⬇️ Is your child care business prepared for the challenges ahead?🤔
📞Call our TAS team at 908-233-1221 to discuss these important issues your business may be facing in the next few months.
💰We can help you position your child care center to be as profitable as it can be!

06/04/2020

Meet our Tepp Accounting Services team!
David, Anat, Grace & Maria are the masterminds behind Tepp Accounting Services (TAS). The TAS team provides a variety of tax, accounting and financial services for small businesses and individuals. You can rely on us to assist you with financial reporting, business planning, and developing prudent tax strategies. Call us today 908-233-1221 for more information or to set up a virtual meeting to get to know us better!

02/17/2020

SPEED UP YOUR TAX REFUND!

At Tepp Accounting Services, we have a team of CPA's ready to assist you.

We will explore all of the options to reduce your tax bill.

We will help keep you organized with our comprehensive and easy to understand tax organizer.

We will file your tax returns promptly.

Contact us for more information! www.teppabs.com

Did you know that the IRS anticipates getting refunds to most eligible filers in less than 21 days? Here's the catch: If your income tax return is inaccurate or incomplete, it could take the taxman longer to process it. Here's what you can do to simplify the process.

02/06/2020

OFTEN OVERLOOKED TAX BREAKS

This article is spot-on. Whenever I review the prior tax returns for a new client, I frequently see at least one of these items either applied incorrectly or missed outright. For example, I often note that more affluent tax payers are not getting the best deduction from using a dependent care Flexible Spending Account. For families with children in college, they will often attempt to obtain a deduction but neglect to claim the American Opportunity credit. For the self-employed, health insurance coverage is almost always deductible but many tax payers claim the deduction on Schedule A rather than on Schedule C.

You can't afford to miss out on these IRS-approved tax breaks.

01/23/2020

TAX SAVINGS OPPORTUNITY

If you received additional “side” income for work performed during the year, you may be able to save much more on your taxes!

IRS section 199A was created so that small business owners can take an additional tax deduction on their income. However, this savings is also available to those who received “1099” income. Unfortunately, it does not apply to income received as a W-2 employee.

For example, if you performed consulting work or if you have a social networking company, you may qualify for an up to 20% deduction on your income. There are certain limitations depending on the type of work you performed and the amount of your total taxable income.

This law is scheduled to expire in 2025 but this could change depending on future elections. Ask your tax preparer about this valuable deduction!

The new qualified business income deduction can be an attractive one for small business owners who want to save a few dollars in 2019. What you should know before you claim it.

11/12/2018

Check out our latest article with some potentially scary information for taxpayers...

http://bit.ly/2RNUS1q

11/08/2018

Some scary information for taxpayers...

Halloween may be over but, for certain taxpayers, there could be some spine-chilling moments ahead. With the tax reform bill passed at the very end of 2017, lower tax rates are in effect and you...