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Find a Tax Accountant in New Jersey

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Looking for a Tax Accountant in New Jersey?

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The average price of Tax Accountants in New Jersey is $250

Discover tax accountants near you in New Jersey

Hiring a professional for tax preparation can help you navigate New Jersey's complex tax laws, avoid costly mistakes, and maximize your return. The price depends on the complexity of your tax situation and the type of professional you hire.

What is a financial planner?

A financial planner helps you create a comprehensive strategy to achieve your long-term financial goals, such as retirement, investments, and debt management.
While an accountant is looking backwards and at a snapshot of the present, a financial planner is looking forward to the future.
A financial planner uses the data provided by your accountant, along with your personal goals, to build a long-term strategy. Their focus is forward-looking: growing your wealth and ensuring you are financially secure in the future.
In summary, you need an accountant for tax, compliance, and historical reporting. You need a financial planner for future wealth growth, investment strategy, and long-term goal planning. Using both ensures that your financial present is managed efficiently and your financial future is strategically planned.

What is the difference between a bookkeeper, an accountant and a CPA?

While the terms are often used interchangeably, there are distinct differences between a bookkeeper, an accountant, and a Certified Public Accountant (CPA) in terms of their roles, qualifications, and scope of work.

A bookkeeper is responsible for the day-to-day recording of a company's financial transactions, such as sales, purchases, and payments. They maintain the general ledger, ensuring records are accurate and up-to-date. An accountant then uses this data to analyze the bigger financial picture, preparing financial statements, performing audits, and offering insights into the company's financial health. Essentially, bookkeeping is about recording data, while accounting is about interpreting and reporting it.

A Certified Public Accountant (CPA) is an accountant licensed by the New Jersey State Board of Accountancy. To earn this designation, they must meet rigorous state requirements, including advanced education (150 semester hours), extensive experience, and passing both the demanding Uniform CPA Examination and a professional ethics exam. This license grants them legal authority that other accountants and bookkeepers do not have, such as the ability to perform certain audits and represent clients before tax authorities. The CPA designation signifies the highest standard of competence and ethical practice in the accounting profession, positioning them as trusted financial advisors capable of handling complex financial and tax matters.

Understanding the cost of tax professionals in New Jersey

The cost of hiring an accountant or tax preparer in New Jersey can vary significantly based on the professional's credentials and the complexity of your finances. Costs are typically highest in the northern counties within the New York City metropolitan area and generally reflect the state's high cost of living. To get an accurate price, it is always best to request quotes from several professionals.

How much does a tax accountant cost in New Jersey?

Based on recent data, the typical cost for individual tax preparation in New Jersey ranges from $250 to $650, with an average of around $250.

Some tax accountants work on an hourly rate, which on average in New Jersey can range from $125 to $300 per hour.
Like any professional service, the cost of an accountant is based on a variety of factors. The complexity of your tax return is one of the biggest contributing factors. Here are some sample price points you might find in New Jersey:

  • Simple Return: A basic W-2 and state filing may cost around $150 - $225.
  • Standard Return: A W-2 with additional common forms (e.g., 1099-INT for interest, 1098-E for student loan interest) might cost approximately $275 - $400.
  • Complex Return: For taxpayers with investment transactions, multi-state income, rental properties, or a simple small business, the cost could be around $450 - $700.
  • Highly Complex Return: Taxpayers with multiple rental properties, small businesses, and significant investment transactions can expect to pay $750 or more.

It’s also worth remembering that the overall cost will be influenced by the preparer's qualifications. Generally, tax attorneys and Certified Public Accountants (CPAs) charge the most, followed by Enrolled Agents (EAs). Other preparers must have a Preparer Tax Identification Number (PTIN) from the IRS. Unlike some states, New Jersey does not have a separate state-level licensing or registration requirement for non-credentialed tax preparers.

For more information read our cost of tax preparation guide.

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Louis Massa, CPA

Trusted Personal & Business Tax Preparation Committed to your Success

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a professional

What do you love most about your job?

Helping educate clients to better minimize their tax position and the friendships that have blossomed over the years.

What inspired you to start your own business?

Wanting to have more control of my schedule and the ability to meet and help people from all over the United States from all walks of life, from teachers and firemen, to clergymen, to business professionals and small business owners.

Why should our clients choose you?

I am available year-round, not just during tax season to answer a question or offer tax advice, does your current tax accountant get back to you the same day, or even at all once your return is filed? If not, perhaps it's time for a change. I offer great service at a fair price and can prepare all types of individual, business and estate tax returns and have the ability to prepare all 50 state returns. Each client I work with has their own financial picture and I tailor my tax guidance based on that portrait to be as advantageous as possible.

Can you provide your services online or remotely? If so, please add details.

I can provide tax and accounting services remotely for clients anywhere in the United States.

What changes have you made to keep your customers safe from Covid-19?

I have adopted a policy the follows CDC guidelines in terms of wearing masks, social distancing and sanitizing.

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