Portney & Company, CPAs & Business Consultants
Nearby accountants
Grand Avenue, River Edge
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Specializing in medium and small size
We are a very different kind of accounting firm.Portney & Company, CPAs & Business Consultants will minimize your taxes, and increase your income and quality of life.
03/31/2023
A new calendar year is about to arrive. Whether you’ve done a lot of strategic planning or just a little, a good way to double-check your objectives is to revisit your business plan. Traditionally, a business plan comprises six sections: 1) Executive summary. 2) Business description. 3) Industry and marketing analysis. 4) Management team description. 5) Implementation plan. 6) Financials. An executive summary is usually the first thing people read, but it’s the last section you should write. Instead, begin with your financials. That is, your business plan’s financial projections should support your strategic goals. Cash flow projections are particularly important. Contact us for help.
03/31/2023
Are you thinking about selling stock at a loss to offset gains that have been realized during 2022? If so, it’s important to be careful of the “wash sale” rule. Under this rule, if you sell stock or securities for a loss and buy substantially identical stock or securities back within the 30-day period before or after the sale date, the loss can’t be claimed for tax purposes. The rule is designed to prevent taxpayers from using the tax benefit of a loss without parting with ownership in a significant way. Note that the rule applies to a 30-day period before or after the sale date to prevent “buying the stock back” before it’s even sold. We can answer any questions you may have.
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Address
70 Grand Avenue
Hackensack, NJ
07661
Opening Hours
| Monday | 8am - 5pm |
| Tuesday | 8am - 5pm |
| Wednesday | 8am - 5pm |
| Thursday | 8am - 5pm |
| Friday | 8am - 5pm |
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