- Contractors and tradesJob costing, equipment and estimated taxes.Learn more about small business accounting →
- PayrollCrews, seasonal staff and New Jersey filings.Learn more about payroll services →
- Worker classificationEmployees vs. subcontractors under New Jersey's ABC test.Learn more about worker classification →
- Equipment and buildingsDepreciation, federal and New Jersey.Learn more about cost segregation and bonus depreciation →
A working township
Mount Olive Township includes Budd Lake and Flanders. Its International Trade Center, a business park designated as a New Jersey foreign trade zone, holds warehouses, offices and distribution space, and the township is a regional manufacturing and research center for companies such as Siemens Healthineers and Benjamin Moore. Around them are the contractors, trades and service businesses that keep western Morris County running, and those owners are most of our Mount Olive clients.
Contractors and trades
- Job costing. Books set up to show what each job really earned, not just what came into the bank account. See bookkeeping.
- Trucks and equipment. Federal law allows 100% bonus depreciation on qualifying equipment. New Jersey doesn't follow it and limits Section 179 expensing to $25,000, so the state deduction comes more slowly.
- Vehicles. Heavy trucks and vans over 6,000 pounds are treated differently from passenger cars, and mileage logs still matter for both.
- Estimated taxes. Quarterly federal and New Jersey payments that follow your actual season.
Crews, subcontractors and payroll
- Employee or subcontractor. New Jersey's "ABC" test treats most workers as employees unless all three conditions are met. Misclassification can bring back taxes and penalties. See worker classification.
- Payroll filings. NJ-927 quarterly returns, NJ-W-3 at year end, and federal Forms 941 and W-2. See payroll services.
- 1099s. Form 1099-NEC for subcontractors paid $600 or more for 2025 services, rising to $2,000 for payments made in 2026.
Owners and families
We also prepare personal returns for Budd Lake and Flanders households, often alongside the family business return, and help owners pick the right entity and retirement plan. See LLC vs. S corporation.
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 leave a job site. 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 I write off a new truck for my business in full?
For federal tax, qualifying equipment and heavy vehicles can often be written off in the first year through bonus depreciation or Section 179. New Jersey doesn't allow bonus depreciation and caps Section 179 at $25,000, so the state deduction is usually spread out.
Are my helpers employees or subcontractors?
Under New Jersey's ABC test, a worker is an employee unless they are free from your control, the work is outside your usual business or your places of business, and they have an independent established business. Most helpers on your own jobs don't meet all three.
Do you serve Budd Lake and Flanders?
Yes. Both are part of Mount Olive Township, a short drive west of our practice in Mine Hill.
Can you handle payroll for a small crew?
Yes. We run payroll, file the NJ-927 and federal 941 every quarter, and issue W-2s at year end.