Sincoff & Sincoff LLC

09/28/2026

We are welcoming October. It is to plan for the Next three months and look back on last 9 months so we can make corrections. Artificial intelligence we have found to have great implications but it limitations. As consultants and Accountants we embrace it but we also understands it faults in planning and communication. We are different a small firm that plans with you. Call us and see a difference. We answer the phone if not we call you back.

09/16/2026

Every tax return has what's called a statute of limitations on it, which says how far back you can amend your tax return to get a refund, or how far back the IRS can look to assess additional tax. Generally, that statute of limitations is three years after you file a tax return. Let’s learn more about it

The General Three-Year Rule

For most clients, it's going to be those three years that you're going to want to make sure you keep your records for, either being able to say you had a mistake and go back and amend, or for the IRS to come to you and say they think something happened in a given year and need to see your records. For most people out there, it's going to be three years after you file a tax return as the statute of limitations.

Learn how long NJ businesses should keep tax, payroll, and accounting records, from the 3-year rule to indefinite cases.

08/17/2026

One of the key areas that will determine the strength or weakness of your cash flow is your accounts receivable. Effective management of your accounts receivable ensures your business is paid on time, reducing your overall financial stress.

Effective management will ensure that your business not only gets paid on time and reduces your overall financial stress, but also operates more efficiently and effectively because you have the cash flow coming in the door.

What Is Accounts Receivable

Accounts receivable is the money owed to your business by your customers. This is money you have delivered the service for; you've delivered the product, and you're waiting for them to mail payment for those open invoices.

Accounts Receivable for Business

Typically, it takes customers 30, 45, 60, or sometimes 90 days to pay those invoices.

Discover accounts receivable strategies for small businesses, from clear payment terms to prepayment discounts and reports.

07/23/2026

Buying a business is very straightforward when you know how. For people who've never bought a business before, laying out the essentials that you need to know is what allows you to buy a business successfully.

Buy a Business That You Understand

The first thing to decide is what type of business you want to buy. Deciding on the type of business you want to buy is important because it will inform how you look for those businesses and how you structure the deal.

You should buy a business that you understand because if you think about it, it doesn't really make sense to buy a business that you don't understand. If you already own a business, buy a business that's similar or identical to yours, buy part of your supply chain, or maybe buy part of your distribution chain.

Business For Sale

How to Find Business Sellers and What NOT to Do

Now that we've decided which type of business we want to buy, the next step is to find people who want to sell it.

Buying a business: pick a sector you know, find off-market sellers, ask the right questions, negotiate price and terms.

07/16/2026

A friend of my fathers from college days and all his life gave me something to think about these past years about being in business. We are never experts or specialists in anyone area, we are members of a group that thinks with an eye to being CREATIVE. I have held that thought to be a mantra since going on my own. Some people look to the past, we look to the future

07/07/2026

Working for yourself is the dream. Set your own hours, chase your own clients, and keep what you earn. Then April rolls around, and reality bites hard. Nobody withheld a single dime. When you're self-employed, the whole tax job, planning, saving, and filing, lands squarely on you, and only you.

But it really doesn't have to be a scramble. A little prep genuinely changes everything. Here are some real ways to get your taxes sorted when you work for yourself, so filing season stays boring, in the very best possible way.

Get Ahead Before Tax Season

The secret isn't some clever trick pulled in April. It's what you quietly do the other eleven months. For the self-employed, two simple habits carry most of the weight here: clean books and a real plan for the money.

Keep the Books Clean

How To Prepare Taxes As a Self-Employed

Records first. Always. When you work for yourself, every single dollar counts, so track them all year, never in a panic later.

Self-employed tax prep: quarterly estimated payments, deductions, clean bookkeeping, CPA guidance. Stay ahead of April deadlines.

06/25/2026

Tax Consulting in Monmouth and Burlington Counties, NJ, is about more than just filing tax returns.

A great tax consultant separates themselves from the average tax accountant who just files tax returns, and works to make a difference in the lives of the business owners they have an impact on.

A tax consultant can carry a lot of different responsibilities depending on who they work for.

What a Tax Consultant Does

A tax consultant can work in a public accounting firm, providing tax services to many clients. A tax accountant can also work for a corporation, providing tax services for the corporation; this is what people refer to as working in industry.

Tax Consulting in Monmouth & Burlington Counties, NJ

The work of Tax Consulting in Monmouth and Burlington Counties, NJ, falls into two big groups: tax compliance and tax consulting.

Tax Compliance

A tax consultant will prepare tax returns, and a lot of them.

Tax consulting in NJ: tax compliance, planning, QBI deductions, tax credits, and year-round strategies to minimize business taxes legally.

06/21/2026

As of January 1, 2026, on the federal level, Taxes in regard to Gambling Winnings and Losses have changed. All losses are an itemized deduction. So, if you do not have enough Taxes, Charitable Deductions, Interest and Medical Deductions to allow you to itemize part of your gambling losses will be lost as an itemized deduction. If your losses in total, are greater than your winnings, you will be limited on what you can deducted It is time to plan if you have those small to large jackpots.

Also, for those individuals do not forget your Social Security MEDICARE PAYMENTS EACH MONTH.

SINCOFF AND SINCOFF, LLC
Planning is what we are experts in.
908-489-1579

Call now to connect with business.

06/09/2026

You entered the business because you follow your passion, not because you want to work on Sunday nights, make spreadsheets, and question your accounting.

There comes a time when a do-it-yourself strategy ceases to save money and begins to cause trouble instead. The point is in the ability to realize when that moment comes.

The following is how to spot it and what will change when you bring on board a New Jersey CPA (who is aware of the local laws).

You Outgrew DIY Already

Many business owners do not make changes promptly. They continue to use the software they used in their first year, despite their changing business.

Small Businesses Need Help From A CPA

These are some of the obvious indications that it is high time that a change was made:

- You're guessing at quarterly estimated taxes or skipping them and hoping it works out.

- Your books are not touched until April.

- You either filed late last year or paid a penalty you never fully understood.

You entered the business because you follow your passion, not because you want to work on Sunday nights, make spreadsheets, and question your accounting. The

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