Business Details
Trusted CPA Services in Chatham, NJ
New Financial Management is a Chatham, NJ-based CPA firm committed to delivering high-standard tax and accounting services to individuals and small businesses. Our mission centers on providing personalized professional services at reasonable prices, ensuring accessibility for clients across New Jersey, New York, Pennsylvania, and surrounding areas. With a focus on expertise and trustworthiness, we specialize in individual and business tax preparation, accounting and bookkeeping, tax consultation and planning, IRS and state tax notice resolution, and business formation and dissolution. Our team combines deep industry experience with a dedication to client satisfaction, offering bilingual support in English and Chinese. As a firm led by a certified public accountant with an MBA in accounting and finance and a Chartered Financial Analyst (CFA) designation, we bring a unique blend of financial expertise and tax proficiency to every engagement.Our commitment to quality is reflected in our meticulous attention to detail, adherence to ethical standards, and ability to serve both local and remote clients efficiently. By maintaining transparency in our operations and prioritizing clear communication, we aim to build long-term relationships grounded in reliability and mutual trust. Our services are designed to simplify complex financial matters, offering clients peace of mind and actionable insights to achieve their financial goals. Through continuous professional development and a client-centric approach, we strive to remain at the forefront of the accounting industry while delivering value-driven solutions tailored to each client's unique needs.
Services
Individual Tax
Business Tax
Accounting & Bookkeeping
Tax Consultation
IRS Audit Resolution
Business Formation
Quickbooks Setup
Foreign Tax Credits
Foreign Financial Assets Reporting
Bilingual Services
Highlights and features
- We offer bilingual (English, Chinese) CPA services for diverse client needs.
- Our team includes a Chartered Financial Analyst (CFA) with asset management expertise.
- We provide personalized tax planning and audit resolution strategies.
- Our CPA holds an MBA in accounting and finance from Vanderbilt University.
- We serve both local NJ clients and remote customers nationwide.
Associations and certifications
- CPA
- Chartered Financial Analyst (CFA)
Services
Individual Tax
We prepare comprehensive individual tax returns including Form 1040, 1040NR for non-resident aliens, and associated schedules. Our services cover foreign tax credits, income exclusions, and reporting of foreign financial assets through Form 8938 and FBAR. With expertise in complex personal tax matters, we ensure compliance while optimizing tax liabilities for residents and non-residents alike.
Business Tax
Our business tax services cover C Corporations (Form 1120), S Corporations (Form 1120S), Partnerships (Form 1065), and Non-Profit Organizations (Form 990 and 990T). We handle all entity types with precision, ensuring accurate reporting of business income, deductions, and tax obligations while maintaining compliance with federal and state regulations for corporations and partnerships.
Accounting & Bookkeeping
We provide complete accounting and bookkeeping solutions including income statements, balance sheets, journal entries, and bank reconciliations. Our services extend to accounts receivable/payable management and QuickBooks setup and maintenance. By maintaining accurate financial records, we help businesses track performance, prepare for tax filings, and make informed financial decisions throughout the year.
IRS Audit Resolution
Our firm specializes in resolving IRS and state tax notices through effective communication and documentation. We represent clients during audit processes, addressing discrepancies and negotiating settlements when needed. With deep knowledge of tax code and procedures, we minimize stress for clients facing tax authority inquiries while ensuring proper resolution of compliance issues.
Business Formation
We assist with business entity selection and formation including LLCs, corporations, and partnerships. Our services cover proper documentation, tax ID acquisition, and state registration. By guiding clients through legal and tax implications of different business structures, we help establish solid foundations for new ventures while ensuring compliance with regulatory requirements from inception.
People
Xin (Cindy) Liu
Founder & Manager
Xin Liu is a certified public accountant with extensive experience in tax and accounting services for individuals and small businesses. She holds an MBA in accounting and finance from Vanderbilt University and is a Chartered Financial Analyst (CFA). Prior to founding New Financial Management, she worked at multiple CPA firms and HR Block, bringing over a decade of industry expertise to her clients.
Questions
What tax services do you offer for individuals?
We prepare individual tax returns including Form 1040, 1040NR for non-residents, and all associated schedules. Our services cover foreign tax credits, income exclusions, and reporting of foreign financial assets through FBAR and Form 8938.
Do you handle business tax filings?
Yes, we prepare corporate tax returns for C Corps (Form 1120), S Corps (Form 1120S), partnerships (Form 1065), and non-profits (Form 990 and 990T) with complete compliance and accuracy.
Can you help with IRS audit situations?
We represent clients in IRS and state tax audits, handling notice resolution and documentation requirements. Our CPA expertise ensures proper communication and compliance throughout the audit process.
Do you offer accounting and bookkeeping services?
Yes, we provide full accounting services including financial statements, journal entries, bank reconciliations, and QuickBooks setup and maintenance for small businesses.
Are your services available remotely?
We serve clients nationwide through remote consultations and digital document handling, making our tax and accounting services accessible regardless of location.
What credentials does your team hold?
Our founder is a licensed CPA with an MBA in accounting and finance, plus a Chartered Financial Analyst (CFA) designation, combining tax expertise with financial industry experience.
