We are thrilled to announce that Prestige Accounting Services Group (previously Prestige Wealth Accounting Group) has joined forces with Bacchetta & Company in an exciting new partnership!

Here’s What Happened in the World of Small Business in October 2021

Here are five things that happened this past month that affect your business.

1) Higher corporate rate appears to fall out of economic package

Biden’s advisers said that they are pursuing a range of ideas that could still raise substantial sums of money from corporations and the rich, including a tax on billionaires’ assets


Why this is important for your business:
It appears policy makers are going after increasing taxes on the super rich versus many small business owners with their new proposals. 

2) Returning to the office can be stressful for many team members. Make it easier by following these 5 tips. 

The Covid-19 pandemic and the Delta variant have postponed many office reponeings. For many of your employees, the fear and delays have created added stress. A seasoned therapist shares her top five strategies for making the return to work as stress-free as possible.


Why this is important for your business:
Businesses nationwide are struggling with retention and finding new hires. Make sure you take care of your current team first. 

3) Pushback to proposed $600 bank reporting causes the new threshold to increase to $10,000 in annual deposits or withdrawals

The revised version of the bank reporting proposal will also weaken its scope by exempting all wage income from counting toward the $10,000 threshold withdrawal, intending to ensure it applies to only larger account holders.


Why this is important for your business:
A higher threshold would have made small business reporting more complicated. 

4) Entrepreneur burnout is a real thing.
If your business is a startup or you're an independent consultant with a handful of clients, chances are you're burning the midnight oil binging on caffeine-laced drinks to stay alert and functional.


Why this is important for your business:
As entrepreneurs, we shouldn't want to "hustle harder." We should organize and automate the hustle. 

5) Have you noticed? Cyber attacks are on the rise. 
This is in part due to COVID-19 — hackers, wanting to take advantage of the chaos caused by the pandemic, growing digitalization, and the pivot to work-from-home, have stepped up their attack efforts over the past 18 months.


Why this is important for your business:
As attacks become more frequent, exploitable assets can become a serious liability for businesses.

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More About Us

Get to Know Prestige Accounting Services Group (previously Prestige Wealth Accounting Group)


Offices in Flemington, NJ and Califon, NJ

Our Mission: At Prestige Accounting Services Group (previously Prestige Wealth Accounting Group), we are on a mission to redefine the tax experience for individuals and small businesses. With a focus on personalized service, strategic planning, and expert guidance, we aim to empower our clients to succeed financially with confidence and ease.

Expertise in Action: With a wealth of experience and a team of dedicated professionals, we specialize in individual and small business tax preparation. While we excel in all areas of taxation, our passion lies in serving the unique needs of small business owners in New Jersey. We understand that small business taxation requires specialized knowledge and attention to detail, which is why we go above and beyond to ensure our clients receive the guidance and support they deserve.

Tailored Solutions for Every Client: Whether you're a high-net-worth individual seeking comprehensive tax planning or a small business owner in need of accounting and bookkeeping assistance, we have the expertise to meet your needs. Our team takes the time to understand your specific situation and develop customized solutions that align with your goals and objectives.

Why Choose Us?: What sets us apart from other New Jersey tax firms is our commitment to excellence and innovation in the field of taxation. We don't just prepare tax returns; we provide strategic insights, proactive planning, and actionable advice to help our clients achieve their financial goals. With a team of two CPAs, an EA, and an ERO, we have the expertise and resources to deliver exceptional service and results.

Your Success is Our Priority: At Prestige Accounting Services Group (previously Prestige Wealth Accounting Group), we measure our success by the success of our clients. We are dedicated to building long-lasting relationships, providing unparalleled service, and helping our clients thrive in today's ever-changing tax landscape.

We can't wait for you to experience the Prestige Accounting Services Group (previously Prestige Wealth Accounting Group) difference.

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Flemington Office

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Califon Office