Tax & Accounting Services

Full Service Tax Accounting & So Much More!

Accounting Services

We provide full service tax accounting & bookkeeping services for clients of all sizes & entity type. We pride ourselves on competitive pricing with the highest quality of service. On Point Accounting is a boutique firm. Therefore, our focus is on businesses in the Lake Hopatcong and surrounding areas of Sussex & Morris counties. First, we understand the time value of small business owners. Therefore, we are always willing and ready to travel to your shop. Most importantly, we can best serve your needs once we see how your place of business operates. Without a doubt, your time is best spent managing the operations that drive your profits. Above all, our goal is to assist you in managing the books. Creating efficient budgets. Allowing you to spend more of your valuable time, developing and growing your business!

Our Services include, but are certainly not limited to:

  • Tax Returns for Individuals, Partnerships, Corporations, Estates & Trusts
  • Bookkeeping Services & Assistance
  • Set up or Dissolution of Business Entities
  • Quickbooks Pro Advisor
  • Forensic Accounting for Bankruptcy or Divorce
  • Cost Basis Analysis for Stocks and other Assets
  • Restricted Stock Option (RSO) & ESOP Matters
  • Inheritance & Estate Tax Issues

Tax Planning Strategies… the Look Ahead

Bookkeeping and Tax Return Preparation is typically the mechanics of simply stating the financial facts of what is… but, beyond the need for accurate, routine maintenance of the budgets, books and timely tax return preparation, there’s a vital, often under-attended to process of tax planning and strategies so that the future books & taxes aren’t just a product of “It is what it is” … but rather a pre-designed case of “It is what I want it to be!”

Advanced Tax Planning:

  • IRC Section 1031 Exchanges
  • Cost Segregation Analysis
  • Opportunity Zone Funds
  • Setting up your 501(c)(3) Charitable Organization
  • Utilizing Trusts for Income & Asset Preservation
  • IRC Section 199A Strategies (QBID)
  • Accountable Plans, HRAs & HSAs
  • Managing Pension Strategies
  • Business Budgeting & Purchasing Strategies
  • Entity Classifications for your Business
Evan Cohen, CEP