Business Details
18 Years
experience
Trusted Accounting & Tax Services in Wayne, NJ
At 123 Accounting Services, we are dedicated to providing tailored accounting, bookkeeping, and tax solutions for small businesses and individuals. As a local Wayne CPA firm, we combine over 30 years of real-world experience in transportation and accounting with personalized service to help clients maximize resources and grow profitably. Our expertise spans tax planning, financial reporting, QuickBooks support, and new business advisory, with a focus on minimizing tax liabilities and delivering actionable financial insights.Led by Patricia D. Rivera, CPA, a former small business owner and QuickBooks Pro Advisor, we offer customized solutions that align with the unique needs of diverse industries. Our commitment to excellence is reflected in our track record of helping businesses streamline operations, resolve IRS issues, and achieve long-term financial success.
Services
Tax Preparation
Bookkeeping
QuickBooks Support
Business Incorporation
Tax Planning
IRS Problem Resolution
Financial Reporting
New Business Advisory
Details
- Year established: 2008
Highlights and features
- We offer 30+ years of real-world experience in accounting and small business operations.
- Our customized solutions address the unique financial needs of diverse industries.
- We specialize in IRS tax problem resolution and audit assistance.
- We provide personalized QuickBooks setup, training, and ongoing support.
- Our CPA-led team delivers actionable financial insights to maximize profitability.
Associations and certifications
- CPA
- QuickBooks ProAdvisor
Services
Tax Preparation
We prepare accurate business and individual tax returns while identifying deductions to minimize liabilities. Our CPA-led team ensures compliance with federal and state regulations, offering quick turnaround for personal returns and multi-state filings for businesses. Clients benefit from strategic tax planning to retain more profits annually.
Bookkeeping
Our bookkeeping services include journal entries, ledger maintenance, and monthly closings to keep financial records organized. We track cash flow, manage accounts payable/receivable, and generate detailed reports to help businesses monitor expenses and make informed decisions.
QuickBooks Support
We offer QuickBooks setup, training, and troubleshooting for small businesses. Our ProAdvisor-certified team ensures proper software configuration, provides on-site training tailored to client needs, and delivers ongoing support to maintain accurate financial records year-round.
Business Incorporation
We guide new businesses through entity selection (LLC, S Corp, etc.) and tax planning strategies. Our advisory services include business plan development, financing guidance, and compliance strategies to establish a strong financial foundation for long-term success.
IRS Problem Resolution
We assist clients with IRS debt settlement, back tax filings, and audit defense. Our team negotiates payment plans, stops wage garnishments, and resolves liens or levies to alleviate tax-related stress for individuals and businesses.
People
Patricia D. Rivera
CPA
Patricia has 30+ years in transportation and accounting, including 19 years running her own business. She specializes in tax planning, QuickBooks systems, and small business advisory. Certified in relocation services and active in community organizations.
Questions
What accounting services do you offer for small businesses?
We provide bookkeeping, financial reporting, cash flow management, tax planning, and IRS problem resolution tailored to small businesses in Wayne and Northern New Jersey.
Can you help with QuickBooks setup and training?
Yes, our QuickBooks ProAdvisor team offers software selection, setup, personalized training, and ongoing support to ensure accurate financial management for your business.
Do you prepare both business and individual tax returns?
We prepare corporate tax returns for all entity types and individual income tax returns, ensuring compliance and maximizing deductions for residents and multi-state businesses.
How do you assist with new business formation?
We advise on entity selection, develop business plans, and provide tax strategies to establish your new venture with a solid financial foundation in New Jersey.
What if I owe back taxes to the IRS?
We offer IRS debt resolution services, including payment plans, lien/levy releases, and audit defense to help individuals and businesses resolve tax liabilities.
