Goldstein Lieberman & Company LLC

Goldstein Lieberman & Company LLC Reaching and surpassing ambitious goals is our speciality. That's how we built our firm and that same determination is what we offer to our clients.

Each member of our team has experience and expertise in one or more specific areas of accounting. Goldstein Lieberman & Company will work tirelessly for your growth, profitability and continued success. Goldstein Lieberman & Company traces its roots back to 1946 as a full service Certified Public Accounting and Business Advisory firm organized to address the specific needs of closely-held business

es and their owners. The Firm has operated in the New York and New Jersey marketplace since its inception. Today, Goldstein Lieberman & Company is one of the top Certified Public Accounting firms in the State. We are the largest in Bergen County, New Jersey as well as in New York’s Hudson Valley region. Our experience, expertise and technological capabilities enable us to serve clients throughout the nation as efficiently as those in our region. Visit us at one of our locations:
1 International Blvd, #700, Mahwah, New Jersey 07430, US

100 Summit Lake Dr, Suite 120, Valhalla, New York 10595, US

Now is the perfect time to tidy up your QuickBooks files. Unreconciled accounts, uncategorized transactions and outdated...
06/03/2026

Now is the perfect time to tidy up your QuickBooks files. Unreconciled accounts, uncategorized transactions and outdated records can distort your cash flow and profitability. Even with QuickBooks’ automation tools and AI-enabled features, consistent review and oversight are essential. Don’t forget your chart of accounts! An outdated or cluttered chart can muddy your results, making it harder to understand your true performance. Clean books support better financial decisions and smoother tax filings. Call us at (800) 839-5767 to help get your bookkeeping in top shape.

While the thresholds for the 3.8% net investment income tax (NIIT) have remained unchanged since the NIIT went into effe...
06/02/2026

While the thresholds for the 3.8% net investment income tax (NIIT) have remained unchanged since the NIIT went into effect in 2013, taxpayer incomes have generally grown significantly. So more taxpayers are getting hit with this additional tax. The NIIT applies to the lesser of your net investment income or the amount by which your modified adjusted gross income exceeds the applicable threshold. And it kicks in long before the top short- and long-term capital gains rates apply. We can help you manage potential NIIT exposure. Contact us at (800) 839-5767.

Does your business provide complimentary on-site food and beverages for employees? The rules for deducting certain busin...
05/29/2026

Does your business provide complimentary on-site food and beverages for employees? The rules for deducting certain business meals have changed. Beginning in 2026, employers generally can’t deduct 1) meals treated as de minimis fringe benefits, or 2) employer-provided meals that are excludable from an employee’s income and provided for the employer’s convenience on business premises. For the 2025 tax year, generally the former were 100% deductible and the latter were 50% deductible. Contact us at (800) 839-5767 to discuss whether this change will affect your company and how to plan accordingly.

If the IRS audits your income tax return, you may need to produce documentation. In general, the IRS has three years to ...
05/27/2026

If the IRS audits your income tax return, you may need to produce documentation. In general, the IRS has three years to assess additional tax, starting from the date the return was filed or due, whichever is later. For example, if you filed your 2022 return by the April 18 deadline in 2023, the IRS generally has until April 18, 2026, to assess a tax deficiency. So you potentially can discard records related to that return after April 2026. But records should be held longer in certain situations. And you should keep copies of your returns forever. Call us at (800) 839-5767 with questions.

In today’s uncertain markets, maintaining an adequate cash reserve provides much-needed financial stability for your bus...
05/26/2026

In today’s uncertain markets, maintaining an adequate cash reserve provides much-needed financial stability for your business. You can access these funds to meet seasonal needs, cover equipment breakdowns and other expenditures, and pursue growth opportunities. But excessive “rainy day” funds could be an inefficient use of capital. After determining your company’s optimal cash balance, consider repurposing any surplus. For example, you might use the excess funds to invest in short-term marketable securities or repay high-interest debt. We can help evaluate your working capital needs and strengthen your balance sheet. Call us at [%Phone] to discuss.

The IRS has issued final regulations on the tax deduction for qualified cash tips. The legislation commonly known as the...
05/21/2026

The IRS has issued final regulations on the tax deduction for qualified cash tips. The legislation commonly known as the “One Big Beautiful Bill Act” created the deduction of up to $25,000 per year for 2025 through 2028. Qualified tips generally refer to cash tips received by an individual in an occupation that “customarily and regularly” received tips on or before Dec. 31, 2024. The final regs list more than 70 eligible occupations. In addition to occupations previously listed in the proposed regs, the final regs add visual artists, floral designers and gas pump attendants. The final regs also provide clarifications to the definition of a qualified cash tip. For more details, call us at (800) 839-5767.

Fringe benefits offer multiple business advantages. They can boost morale, attract and retain top talent, and qualify fo...
05/20/2026

Fringe benefits offer multiple business advantages. They can boost morale, attract and retain top talent, and qualify for potential tax breaks. That’s why it’s smart to review which ones you sponsor and what you may be missing. Of course, you don’t want to spend time and resources sponsoring benefits your employees don’t value. And you must follow specific rules and documentation requirements to be eligible for tax-advantaged treatment. Contact us at (800) 839-5767 for help choosing the right fringe benefits for your business and managing the tax impact.

If you’d like to arrange for a transfer of wealth through multiple generations, consider a dynasty trust. Assets are tax...
05/19/2026

If you’d like to arrange for a transfer of wealth through multiple generations, consider a dynasty trust. Assets are taxed just once, when they’re initially transferred to the trust. There’s no estate or generation-skipping transfer tax due on any subsequent appreciation in value. A drawback is that the trust is irrevocable. This means it generally can never be revised. Call us at (800) 839-5767 for more details.

Historical financial statements show where your business has been, but forecasts and projections help you plan where it’...
05/18/2026

Historical financial statements show where your business has been, but forecasts and projections help you plan where it’s going. These terms aren’t interchangeable. A forecast reflects management’s best estimates of future financial results based on expected conditions and planned actions. Some businesses may even share forecasts with their lenders and investors. By contrast, a projection explores hypothetical “what if” scenarios under alternative assumptions and can be particularly beneficial for internal planning and decision-making. Contact us at (800) 839-5767 to determine the right approach for your business needs.

The Qualified Opportunity Zone (QOZ) program offers tax breaks on capital gains from eligible long-term investments in d...
05/14/2026

The Qualified Opportunity Zone (QOZ) program offers tax breaks on capital gains from eligible long-term investments in designated low-income and rural communities. The One Big Beautiful Bill Act made the QOZ program permanent and established a new 10-year designation cycle. The IRS has issued guidance on how to nominate population census tracts for designation as QOZs. The next round of QOZs will be effective from Jan. 1, 2027, to Dec. 31, 2036. Generally, state and territory governors can begin nominating eligible census tracts for QOZ designation on July 1, 2026. The nomination period lasts 90 days, with the option of a single 30-day extension. Contact us at (800) 839-5767 with any questions about QOZ tax breaks.

Address

225 Brae Boulevard Suite 200
Park Ridge, NJ
07656

Opening Hours

Monday 8:30am - 5pm
Tuesday 8:30am - 5pm
Wednesday 8:30am - 5pm
Thursday 8:30am - 5pm
Friday 8:30am - 5pm

Telephone

+18008395767

Website

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