Clever Taxes Elite
Real estate investors
Depreciation and cost segregation, rental losses, the timing of a 1031 exchange, and what New Jersey does differently when you sell.
Services
CPA tax preparation and planning for New Jersey and New York
Returns, planning, books and payroll for individuals and companies, under one CPA licensed in both states. The return records the year that ended. The planning is what changes the next one.
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Claud Cornetti, CPA · Licensed in New Jersey and New York
Who it's for
Three situations, three different rulebooks.
Small business owners and founders
Choosing the entity, setting a salary the IRS will accept, the S corporation and BAIT elections, and keeping several entities in line.
High earners with W-2 plus side income
Withholding that falls short, the New Jersey and New York commuter returns, income thresholds, and retirement plans built on a side business.
Tax preparation
Every return is also next year's starting point.
Federal and state returns for individuals and for every common type of business. We read each one for what it says about the year ahead, not only for what it reports about the year behind.
Watch: not paying more than you owe (opens on Instagram in a new tab)Individual returns
Your federal return with your New Jersey and New York returns, including the resident and nonresident pair that a New Jersey resident working in New York files every year.
- 1040
- NJ-1040
- IT-201
- IT-203
Self-employed and single-member LLCs
Freelancers, consultants and one-owner LLCs, with self-employment tax, the home office and business mileage handled on the return where they belong.
- Schedule C
- Schedule SE
Partnerships and multi-member LLCs
The partnership return, a K-1 for every partner, and the New Jersey and New York filings that come with it.
- 1065
- K-1
- NJ-1065
- IT-204
S corporations
The corporate return, the shareholder K-1s and the owner's payroll, which is where most S corporation problems start.
- 1120-S
- K-1
- CBT-100S
- CT-3-S
C corporations
Federal and state corporate returns for companies that keep profit in the business or plan to raise money.
- 1120
- CBT-100
- CT-3
J-1 Work and Travel participants
Nonresident returns for students working in the U.S. on a J-1 program. Students in J-1 status are generally exempt from Social Security and Medicare tax on the work their program allows, so we also check that none was withheld by mistake.
- 1040-NR
Planning and advice
The work that happens before December.
Filing reports what happened. Planning is the part that can still change it, and it only works while the year is open.
Year-round tax planning
We read your last two returns line by line, look for what was missed, and give you the plan in writing while there is still time to act on it. When the law changes in a way that touches you, you hear about it from us.
Tax advisory
Before you buy a property, accept an equity grant, hire a family member or sign an operating agreement, ask first. It is easier to plan a decision than to repair one.
For the business
Clean books make the return the easy part.
The work behind the return, kept current through the year so nothing is reconstructed in March.
Bookkeeping
Income and expenses recorded and categorized, bank and card accounts reconciled, and a profit and loss statement and balance sheet you can hand to a lender.
Payroll
Pay runs, withholding, and federal, state and local payroll tax filings, with W-2s and 1099s at year end. Employees can see their own pay stubs and tax forms.
Business formation
An LLC, S corporation or C corporation, chosen for how its profit will be taxed, not only for how quickly it can be filed.
Notary public
Business and personal documents notarized by appointment.
Questions
Before you call.
Do you prepare returns, or only plan?
Both. We prepare federal and state returns for individuals and businesses, and we plan the year around them. The return shows where the planning should start.
I live in New Jersey and work in New York. Can you file both returns?
Yes. Claud is licensed in both states. A New Jersey resident who works in New York usually files a nonresident New York return and a resident New Jersey return that gives credit for the New York tax.
How the two returns fit togetherDo I have to come to the office?
No. Meetings can be in person at 361 River Rd in Edgewater or by video, any day from 9 am to 9 pm.
How are fees set?
By the work involved: how many returns and entities, how many accounts and transactions, and how much planning you want during the year. The first call is free, and you know the fee before any work starts.
Book a free call
Tell us what your year looks like.
We'll come back to you within one business day.
Book a free call