Lawrence Accounting Services LLC

02/11/2021

address
39 Georgetown Blvd
Barnegat 08005
Office: 609-698-3329

02/11/2021

Please do not make an appointment using Facebook. Call the office. Jessica or I will be happy to assist you.

01/25/2019

Although the government is shut down. We are still filing returns. Some of the IRS workers have been asked to come back and work without pay. They are the workers taking care of the taxes When we E-file we give the file directly to the IRS after verifying Social Security numbers. For many of you, your refund is set up and waiting for direct deposit.
If you have questions, please call

09/21/2018

Took a third course yesterday on the tax changes. Have already registered for several more. As the time for accounting draws near the law and it’s changes becomes apparent. Businesses will benefit the most; but being incorporated in the correct business type is important. Individuals need to be aware of the deductions left to them and how to use their income to achieve their goals. It’s my job to know all the ways that will help navigate the new paths.

09/18/2018

Facts to help taxpayers understand Individual Retirement Arrangements

Individual Retirement Arrangements – better known simply as IRAs – are accounts into which someone can deposit money to provide financial security when they retire. A taxpayer can set up an IRA with a:
bank or other financial institution
life insurance company
mutual fund
stockbroker
Here are some terms and definitions related to IRAs to help people learn more about how the arrangements work:

Traditional IRA: Contributions to a traditional IRA may be tax-deductible. The amounts in a traditional IRA are not generally taxed until you take them out of the account.

Savings Incentive Match Plan for Employees: commonly known as a SIMPLE IRA. It allows employees and employers to contribute to traditional IRAs set up for employees. It is ideal as a start-up retirement savings plan for small employers not currently sponsoring a retirement plan.

Simplified Employee Pension: Better known simply as an SEP-IRA, it is a written plan that allows an employer to make contributions toward their own retirement and their employees' retirement without getting involved in a more complex qualified plan. An SEP is owned and controlled by the employee.

ROTH IRA: An IRA that is subject to the same rules as a traditional IRA with certain exceptions. For example, a taxpayer cannot deduct contributions to a Roth IRA. However, if the IRA owner satisfies certain requirements, qualified distributions are tax-free.

Contribution: The amount of money someone puts into their IRA. There are limits to the amount that someone can put into their IRA annually. These limits are based on the age of the IRA holder and the type of IRA they have.

Distribution: Essentially a withdrawal. This is the amount someone takes out from their IRA.

Required distribution: A taxpayer cannot keep retirement funds in their account indefinitely. Someone with an IRA generally must start taking withdrawals from their IRA when they reach age 70½. Roth IRAs do not require withdrawals until after the death of the owner.

Rollover: This is when the IRA owner receives a payment from retirement plan and deposits it into a different IRA within 60 days.

05/01/2018

I am making appointments for next year. I will send out reminder notices next year. So if you didn’t get the date you wanted this year, book early! Thank You

02/04/2018

Happy Super Bowl. The evenings are all booked till the 23rd of February

02/03/2018

2/3/2017 Hi. Are you wondering how you are going to fare next year under the President’s new tax law? After I prepare your taxes for this year, at the same appointment I can tell how you will fare. It takes a moment with the tax planner to know the answer.

01/01/2018

Happy New Year. The new 2018 Appointment Book is open. The first and second week of February are always extremely busy. I realize you don’t have your papers yet; but if you know you want to come in soon after you receive them - Book your appointment now. Last year so many people were disappointed. I look forward to seeing you again. 🏦 Rosemary

Tax Accounting for people and small business.

10/25/2015

It's only October but I already have clients calling for February appointments If you would like to schedule a time please call. I will remind you next February. Enjoy your holidays.

10/25/2015

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