Business Taxes & Payroll Services

DeSena & Co. CPAs takes the pain out of bookkeeping and payroll services. Located in East Hanover, New Jersey, we are the only name you need for financial consulting in a business or legal capacity.

Business Valuations

Our firm's valuation services stem from the accounting, audit, and tax areas of the practice. These areas of expertise, along with our commitment to continuing education in this discipline, make us a true asset when conducting valuations.

Bookkeeping & Accounting Assistance

This includes full-charge bookkeeping services, such as a general journal and subsidiary ledger maintenance, bank statement reconciliation, and tracking and analysis of receivables and payables for your business.

Acquisitions & Sales

When you are selling a business, we help you obtain the best possible sales price and contract payout terms. We advise prospective business purchasers about local market conditions, industry trends, and the financial condition of an acquisition candidate.

Business Succession Planning & Shareholder Agreements

Stop wondering if and how your business will continue without you around for it. As experts in business succession planning, our firm suggests many courses of action to provide assurance that your business will enjoy a smooth continuance and that your heirs and business associates will be well-protected.

Tax Planning

Our firm continuously monitors federal, state, and local tax law changes to allow individuals, businesses, and nonprofits to minimize current and future tax liabilities. If necessary, we implement tailor-made due date tax compliance monitoring to prevent costly interest and penalty assessments for late filing.

Compilation & Review

Reap the benefits of professional compilation, review, and auditing services, no matter your business's size. We can quickly compile your financial records into meaningful GAAP-compliant financial statements, offer limited-scope review testing, and deliver complete audit attestation.

Employee Benefit Plans

We assist with the selection and implementation of appropriate plans for your company, complete with the audit services required by the Department of Labor and ERISA for larger plans. Our firm also helps you to weigh the complex benefits and costs posed by todays qualified and nonqualified pension-and-profit-sharing plans, including 401(k), SEP, SEP IRA, Keogh, and life insurance or health insurance plans.

Payroll & Sales Tax Compliance

We offer complete payroll preparation and payroll tax reporting services. This includes preparation of federal and state returns and can also assist companies and individuals in resolving payroll tax delinquencies with the IRS. We also prepare sales tax filings and full sales tax audit representation.

Asset Protection

Let our experts determine the replacement cost of your existing assets and evaluate the adequacy of your insurance policies, sinking funds, and self-insurance as appropriate. This comprehensive approach to asset protection has brought many businesses to our firm.

Financial Projections & Forecasts

Our complete financial and business forecasting services include pro forma projections. We even customize "what if" planning scenarios to help management foresee and plan for unexpected business contingencies.

Internal Control Analysis

Proper segregation of duties and customary reconciliations are the cornerstone of every accounting system. We provide you with a complete operational review of your current accounting system, including observations and recommendations to improve internal controls and operating efficiency.

Auditing Services

Audit service continues to be a dynamic and challenging area, which is why our staff and partners complete continuing education requirements outlined by the American Institute of Certified Public Accountants. This allows us to perform government and nonprofit audits in addition to individual audits. We have completed five successful quality reviews so far.

Audit & Review Services for Businesses
Our firm offers both limited and full-scope attestation services. You can have us work directly with your bank or other financial institution to determine which type of audit is necessary. We pledge to deliver cost-efficient attestation services in accordance with your mandatory reporting deadlines.

Audit Services for Nonprofit Organizations
Audit and tax services are available to a wide variety of not-for-profit organizations through DeSena & Co. CPAs. Some of our nonprofit clients include government agencies, health care organizations, and voluntary employee benefit associations.

Bankruptcy

Bankruptcy is one of the most frightening words to hear when you are running a business. However, we help you through the ordeal by guiding you through the maze of financial and tax implications that arise. We consult with you regarding reorganization or the possible necessity of dissolution or liquidation.

Income Tax Preparation

We offer professional preparation of federal, state, and local tax returns at competitive rates. You can work with us year-round, if necessary, to minimize your total tax burden. These services are offered to partnerships, corporations, S-corporations, limited liability companies, and estates.

Data Entry & Processing

Many business clients still prefer that we summarize their cash receipts and disbursements. We complete this by using client write-up techniques and state-of-the-art software, accomplishing the task in an accurate, cost-efficient manner.

Budgeting

Have our team prepare expert cash flow and budgeting analyses to help you minimize cost overruns, lost purchase discounts, and uncollectable receivables. Many of our clients have stated that these value-added services are indispensable.