Traphagen CPAs & Wealth Advisors

Elevate Your Law Firm with Tailored Advisory Services We understand that there's no one-size-fits-all solution when it comes to financial planning and business strategy. That's why we offer customized advisory services designed specifically for law firms. Whether you're looking to refine your financial procedures, develop a robust business plan, or navigate complex challenges, our team is here to guide you every step of the way. Let's elevate your firm together with strategies that work. https://lnkd.in/dYZPUpFw #LawFirmGrowth #AdvisoryServices #StrategicPlanning

Do you get your corporate responsibility drive from your mom? She may have said instilled in you to "always share with those less fortunate." Thanks mom! #MothersDay

Have you checked your paycheck withholding lately? The best way to avoid a surprise at tax time is to check your withholding. It could help you avoid paying come tax return time. https://lnkd.in/eVvGit4a #IRS #TaxTips #TaxWithholding

Thank you to all who attended our annual shredding day event! Thanks to you, we were able to safely shred over 7,000 pounds of documents! 📄 #TeamTraphagen

5 Accounting Tips for Real Estate Agencies 1. Regular Reconciliation: Ensure your bank statements and your accounting books align every month. This simple habit prevents surprises and helps keep your finances in check. 2. Accurate Expense Tracking: Keep a detailed record of all business expenses. This not only aids in financial management but also maximizes potential tax deductions. 3. Budget for Commissions: Set aside a portion of each commission for taxes and business expenses. Planning ahead can ease financial stress during slower periods. 4. Utilize Software: Invest in reliable accounting software tailored for real estate businesses. It can automate many tasks and reduce the likelihood of errors. 5. Review Financial Goals: Regularly review your financial goals and adjust your budget accordingly. This helps maintain a clear path towards financial stability and growth. If accounting isn't your "thing," reach out to us because it's ours.

Team Traphagen is back again with another group workout! 💪 Varsity House Personal Training Oradell and Coach Kristin from Charis Fitness partnered up to deliver an exhilarating and stress-bursting workout session for every member in our team. Huge thanks to coaches Dan Goodman, Joe Riggio, Adam Menner & Anthony Zeytounzian at Varsity House & Coach Kristin for having us!! 🏋️♂️ #TeamTraphagen

May is here and it's crucial to stay ahead of the game with your business taxes. Don't let due dates sneak up on you – stay organized and prepared to keep your business thriving! https://ow.ly/omLh50R7FTl #CorporateTaxes #BusinessTaxDeadlines #MayTaxes

Mark Your Calendars - Rain or Shine Our annual shredding event takes place Saturday, May 4th from 10 a.m. to 2 p.m. at our office in Oradell. Stop by and get rid of those old documents in a secure and safe way. #ShreddingEvent #TraphagenCPAsWealthAdvisors

Through our long-standing relationship with Ramapo College of New Jersey, Steven Budryk, CPA, MS, Alumnus and Adjunct Professor, was invited to be a guest speaker at Ramapo’s Beta Alpha Psi Honor Society. Beta Alpha Psi is the premier international honor society and service organization for accounting, finance, and information systems students and professionals. The presentation, which was facilitated by Todd Natale, Traphagen’s College Ambassador, included topics such as tax planning for entity structures, tax law changes, federal qualified business income deduction, state pass-through entity taxes, foreign tax translations, credits, and exclusions, and the current CPA Exam landscape. #TeamTraphagen #Ramapo

Avoid the urge…to toss THIS year's tax records that is. You need to keep your tax records between for three and seven years, including the paper and electronic records that support your tax return. Failure to keep a paper trail for the information provided on your returns could lead to problems if you’re audited. Keeping these important documents allows you to comply with legal requirements, also setting yourself up for financial success and peace of mind. #TaxTips #TaxRefund #TaxDocuments