Business Accounting Systems PC

L. Scott Elwell is the VP, We are located in Southern NJ providing monthly accounting, payroll, tax preparation & unlimited consultations, all for a set fee.

[Business Accounting Systems PC @BASPC1971]

Beneficial Ownership Information
Reports Due Jan. 13

On Dec. 23, the 5th Circuit Court of Appeals issued an order that lifted the injunction on the enforcement of the Corporate Transparency Act reporting requirement.

[Business Accounting Systems PC @BASPC1971]

Enjoy a festive, fun, and safe #Halloween!

#BAS #HappyHalloween

[Business Accounting Systems PC @BASPC1971]

Fraudulent schemes normally start with unsolicited contact by telephone, text, social media, e-mail, or even in person. One way is to verify the charity’s existence by searching for it using the IRS’s search tool. https://t.co/7QeF2RnXrf

#BAS #Fraud

[Business Accounting Systems PC @BASPC1971]

Looking to bring new partners into your business? Having your business valued by a third party is a fair way to set the buy-in price. Contact us for more reasons to move forward with a #BusinessValuation.

https://t.co/lFqTVTdLLH | 856-853-5422 ext 117

#BAS #BusinessTips

[Business Accounting Systems PC @BASPC1971]

A sound way to prepare your business for a Sales/Use Tax Audit is to conduct a #SelfAudit. Before the arrival of the auditor, audit yourself. Begin with your sales receipts, migrate to capital purchases, and then finish with your bills.

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[Business Accounting Systems PC @BASPC1971]

Invest safely and simply! Be cautious with your investments until you have built a portfolio and have some knowledge of how the financial world operates. Your first investments might be CDs, mutual funds, or savings bonds. 💵💡

#BAS #FinancialTips #FinancialPlanning

[Business Accounting Systems PC @BASPC1971]

#BAS - providing accounting services to the Tri-State area since 1971. Discover more about what we can offer you - 👀 the video for more information.

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[Business Accounting Systems PC @BASPC1971]

As part of internal controls, nonprofits should implement segregation of duties. Different people should be given responsibility for authorizing & recording transactions & for maintaining custody of assets, reducing any one person's chances to both perpetrate & conceal errors.

[Business Accounting Systems PC @BASPC1971]

Is your home covered for exterior flooding or only interior water damage? Does the policy include coverage for mold, sewer backup, and earthquakes? Tip: Nail down the details and pay close attention to local risks.

https://t.co/lFqTVTddW9 | 856-853-5422 ext 117

#BAS

[Business Accounting Systems PC @BASPC1971]

A highly-touted tax credit in the recently-passed Inflation Reduction Act is meant to incentivize Americans to purchase electric vehicles or other clean burning fuel vehicles. The bottom line, however, is that practically speaking YOU CAN’T GET IT. https://t.co/f3wiRaWanr

[Business Accounting Systems PC @BASPC1971]

While #Investment clubs provide an opportunity for friends or family to meet, learn about investments, and make money, it’s best to treat a club as you would any other business relationship. Click the 🔗 for details! https://t.co/SJXcNJbAAg

#BAS #FinancialTips #MoneyTips

[Business Accounting Systems PC @BASPC1971]

Create #FinancialGoals as a couple. The best financial plans require both partners to contribute to the financial goal – whether that means each agreeing to contribute monthly to a savings account or just giving up your gourmet latte habits. ☕

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[Business Accounting Systems PC @BASPC1971]

Non-sufficient funds (NSF) checks are not only embarrassing but are also expensive. Banks make millions on their overdraft fees & automatic loan features when you overdraw your account. Understand your bank's fees & how they apply your payments.

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[Business Accounting Systems PC @BASPC1971]

Turning your hobby into a business can provide tax benefits if you do it right. But it can create a big tax headache if you do it wrong. Discover more helpful tips on this topic in our latest blog post. https://t.co/WjqLPK3CLY

#BAS #TaxTips #FinancialTips

[Business Accounting Systems PC @BASPC1971]

If you receive #Alimony, you must report this income on your tax return. If you are receiving income from an ex-spouse that you believe is child support, have documentation to support this claim. Contact us for details.

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#BAS #TaxTips

[Business Accounting Systems PC @BASPC1971]

If you decide to invest in rental property, you may need professional help to match your resources to property that will meet your goals. Some of the questions you should consider before you invest: https://t.co/QltT3ANb8p

#BAS #RentalRealEstate #FinancialPlanning

[Business Accounting Systems PC @BASPC1971]

Today we honor the heroes and all those we lost on 9/11. We will #NeverForget.

#BAS #911 #PatriotDay

[Business Accounting Systems PC @BASPC1971]

The early distribution penalty of 10 percent increases to 25 percent for those in SIMPLE IRAs, if the withdrawal occurs during a two-year time period starting from your initial enrollment date in the SIMPLE plan. Reach out for more details!

#BAS #FinancialTips

[Business Accounting Systems PC @BASPC1971]

You need cash right away. Should you consider a #PaydayLoan? It depends. Before you apply, consider three disadvantages - review our blog post for details: https://t.co/za7xXzXJJ0

#BAS #MoneyTips #FinancialTips

[Business Accounting Systems PC @BASPC1971]

Wishing everyone a happy and safe holiday – we hope you enjoy it! #HappyLaborDay

#BAS #LaborDay