Your financial statements should show a complete picture of your business, and lay the foundation to help you create a strategy for the future.
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Tax returns prepared to ensure we minimize your liability and keep more of your earnings over the long term.
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From proper entity selection at the inception of a business to developing an exit strategy, we are here to guide you in making informed decisions that are goal driven and take into consideration the materiality of your financial situation.
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We maximize your QuickBooks investment by customizing the software to meet your specific needs and industry best practices.
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We employ strong analytical and communication skills to produce evidence that supports your position in cases of a dispute or negotiation.
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Whether you are selling, acquiring or expanding, we are well equipped to ensure you respond to opportunities swiftly and with confidence.
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Ensuring you are in compliance with tax reporting and filing requirements provides peace of mind.
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Success in manufacturing and distribution hinges on your ability to manage numerous details with accuracy and foresight into how they impact current and future operations.
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You focus on your core competencies, customer service and strategy and we’ll keep you from getting caught off-guard by daily financial tasks or overwhelmed by growth.
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Patient care is your primary concern. Providing the best clinical experience for your patients continues to get more difficult and costly. Delivery models are changing from fee for service to quality based.
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Running a legal firm is a balancing act with high stakes. Your reputation hinges on your ability to support clients with responsiveness and accuracy.
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Real estate is characterized by large material gains and losses. Every transaction has the potential to impact your accounting and tax situation.
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Perhaps more than any other industry, technology companies must have an infrastructure built to scale. A culture of continuous iteration requires an ability to account for a fluctuating profit margin.
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With a consultative, integrated approach to accounting, tax and consulting services for businesses and individuals, we work hand in hand with you to achieve your goals.
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Each year, the IRS sets the annual gift tax exclusion, which allows a taxpayer to gift a certain amount per recipient tax-free. For 2023, the IRS announced that the annual gift tax exclusion would increase to $17,000 per recipient—the highest exclusion amount ever. Married couples may gift up to $34,000 each year per recipient. If …
Understanding the New Estate and Gift Tax Limits for 2023 Read More »
A new Corporate Alternative Minimum Tax (CAMT) was enacted when the Inflation Reduction Act was signed into law in 2022. The tax is expected to raise a significant amount of revenue for the government. Businesses and their tax and finance teams should now dig into the details of the CAMT in order to understand their …
The Latest on the Corporate Alternative Minimum Tax Read More »
The 2022 Inflation Reduction Act (IRA) included an array of tax credits to encourage businesses to invest in energy efficiency. Here are a few of the energy-related tax incentives that businesses may consider pursuing. Energy Efficient Commercial Buildings Deduction for Businesses Starting in 2022, the IRA expanded the energy efficient commercial buildings tax deduction. To …
Energy-Related Tax Incentives for Businesses Under the Inflation Reduction Act (IRA) Read More »
Tax season is here, and the last day to file taxes for 2022, or to file a tax extension, is Tuesday, April 18, 2023. Taxpayers requesting an extension will have until Monday, October 16, 2023, to file. What to Consider When Filing Your 2022 Taxes. Reporting rules changed for Form 1099-K. The IRS has updated …
Get Ready to File Taxes: What’s New for the 2023 Tax Filing Season Read More »
The IRS has issued the 2023 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical, or moving purposes. The standard mileage rate is often used by employers to calculate the amount to be reimbursed to employees for the mileage they drive for business purposes. Beginning on …
Automobile Standard Mileage Rates – Business Use Increases for 2023 Read More »
As we near the end of 2022, it’s time for businesses to review their year-end tax reporting requirements. Over the last few years, the Internal Revenue Service (IRS) has made significant updates to the Form 1099 series. While there are a number of different forms in the 1099 series, our business clients most commonly need …
Understanding Filing Requirements for Forms in the 1099 Series Read More »
S.J. Gorowitz Accounting & Tax Services supports expanding and emerging businesses and their owners with a consultative, inclusive approach. Clients turn to us to maintain accurate financials, minimize taxes and ensure compliance, so they can meet financial and business goals now and into the future.
The highest compliment is the trust you exhibit when recommending me to others who may benefit from the services we provide.
