- Restaurant payrollTipped staff, tip reporting and New Jersey filings.Learn more about payroll services →
- BookkeepingMonthly books, reconciled and ready for tax time.Learn more about bookkeeping →
- Sales taxMeals, retail and New Jersey filings.Learn more about sales tax →
- Personal tax returnsFederal and New Jersey returns, prepared by a CPA.Learn more about tax preparation →
A Main Street town
Boonton grew around the ironworks at the falls of the Rockaway River; the stone arch that once carried water to the works still stands in Grace Lord Park. Much of the original village now lies under the Jersey City Reservoir. Today Boonton's hillside Main Street is lined with restaurants, shops and small businesses, and the town is separate from neighboring Boonton Township. Restaurant and retail owners are a large part of our work here.
Restaurants and tipped staff
- Tip reporting. Employees must report cash and card tips to you, and you withhold and pay payroll taxes on them. Large food and beverage employers also file Form 8027 each year.
- FICA tip credit. Restaurants can claim a federal income tax credit for the employer share of Social Security and Medicare tax paid on tips, beyond the tips needed to bring pay up to $5.15 an hour (Form 8846).
- The new tips deduction. For 2025 through 2028, tipped workers can deduct up to $25,000 of qualified tips on their federal return, phasing out above $150,000 of income ($300,000 for joint filers). It doesn't reduce Social Security and Medicare tax.
- Sales tax. Restaurant meals are taxable in New Jersey at 6.625%.
Shops and small businesses
- Books you can trust. Monthly reconciliations, inventory and cost of goods sold in QuickBooks. See QuickBooks setup and training.
- Payroll. Paychecks, NJ-927 quarterly filings and year-end W-2s. See payroll services.
- Entity and owner pay. When an S corporation makes sense, and a reasonable salary for the owner.
- Behind on payroll taxes? We can help work it out with the IRS. See payroll tax problems.
Homeowners and families
For Boonton households we prepare federal and New Jersey returns and make sure property tax benefits are claimed, from the state property tax deduction to ANCHOR and Stay NJ.
How we work
Most of our work happens through our secure client portal, by phone and by video call, so you don't need to step away from the business. In-person meetings are available by appointment. We respond within one business day, and we're available Saturdays as well as weekdays.
Frequently asked questions
Can my restaurant get a tax credit for tips?
Yes. The federal FICA tip credit lets food and beverage businesses claim a credit for the employer Social Security and Medicare tax paid on tips, beyond the tips needed to bring pay up to $5.15 an hour, using Form 8846.
Do my servers still pay tax on tips?
For 2025 through 2028, they can deduct up to $25,000 of qualified tips on their federal return if their income is under the limits. Tips are still subject to Social Security and Medicare tax and must be reported to you.
Do I charge sales tax on restaurant meals in New Jersey?
Yes. Prepared food and restaurant meals are taxable at 6.625%, while most grocery food sold unprepared is exempt.
Do you serve both Boonton and Boonton Township?
Yes. We work with clients in both through our secure portal, by phone and video, with in-person meetings in Mine Hill by appointment.