Baratz & Associates, P.A.

Baratz & Associates, P.A. If you are looking for a blend of personal service and expertise, you have come to the right place! W

Baratz & Associates, P.A., a leading Delaware Valley accounting, tax and business consulting firm, established in 1982, is dedicated to the success of their clients. We always value our clients' trust and continuously strive to exceed all expectations. Baratz & Associates has provided the highest standards of professional service to a broad spectrum of organizations, to develop their individual fi

nancial and business strategies. Our firm has developed a well-established reputation for distinction in accounting, auditing, tax planning, and healthcare consulting. Our firm is comprised of professionals with training, experience, education and certifications in a variety of disciplines. Members of our firm are actively involved in a host of professional organizations. These include the American Institute of CPAs, the New Jersey Society of CPAs, the Pennsylvania Institute of CPAs, and the Delaware Society of CPAs, the National Association of Certified Valuators and Analysts, and the American Health Lawyers Association. In addition, members of the firm have served on numerous professional committees, including the AICPA Committee on Federal Taxation, the New Jersey Society of CPAs Forensic Accountants, the Healthcare Planning and Marketing Society of New Jersey, the Estate and Financial Planning Council of Southern New Jersey, and the Delaware Society of CPAs Tax Committee.

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 (856) 985-5688 to discuss whether this change will affect your company and how to plan accordingly.

If you’d like to help a charity for a period of time but ultimately benefit one or more heirs and potentially save gift ...
05/27/2026

If you’d like to help a charity for a period of time but ultimately benefit one or more heirs and potentially save gift and estate taxes, consider a charitable lead trust (CLT). You transfer assets to the irrevocable CLT and the charity receives payments from it for a term of years. When the term expires, the remaining assets are distributed to the CLT’s beneficiaries. The CLT assets can include publicly traded securities, real estate, business interests and even private company stock. Call us at (856) 985-5688 for more details.

Does your business use independent contractors? The reporting requirements for these workers differ from those for W-2 e...
05/26/2026

Does your business use independent contractors? The reporting requirements for these workers differ from those for W-2 employees. For payments made in 2026, businesses generally must issue Form 1099-NEC, “Nonemployee Compensation,” to contractors paid $2,000 or more (up from $600 for 2025). The higher threshold may reduce your administrative burden because you could have fewer forms to file with the IRS. However, it doesn’t change your recordkeeping, worker classification or backup withholding responsibilities. Contact us at (856) 985-5688 to help ensure you’re prepared for the updated reporting requirements.

If you rent out your primary residence or vacation home for no more than 14 days, you don’t have to report the income. (...
05/25/2026

If you rent out your primary residence or vacation home for no more than 14 days, you don’t have to report the income. (But you can’t deduct related expenses, such as advertising and cleaning.) If you rent it out for more than 14 days, the income is taxable. And you may be able to deduct expenses such as utilities, repairs, insurance and depreciation. Exactly what you can deduct depends on personal vs. rental use. The rules are complex, but tax savings opportunities are available. Call us at (856) 985-5688 to learn more.

The IRS has issued final regulations on the tax deduction for qualified cash tips. The legislation commonly known as the...
05/22/2026

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 (856) 985-5688.

Business owners: If you’re only reaching out at tax time, you may be missing some valuable insights. Why stop at tax fil...
05/20/2026

Business owners: If you’re only reaching out at tax time, you may be missing some valuable insights. Why stop at tax filings? Let us help you make smarter business decisions year-round — from improving cash flow to navigating economic uncertainty to planning for growth. Please call us at (856) 985-5688 to learn more about how we can support your strategic goals.

Starting in 2026, the tax rules for the personal casualty loss deduction are changing. While the deduction remains limit...
05/19/2026

Starting in 2026, the tax rules for the personal casualty loss deduction are changing. While the deduction remains limited mainly to disaster-related losses, eligibility is expanding beyond federally declared disasters to include certain state-declared disasters. Because the rules are complicated and additional limits apply, review your situation with us. We can help determine whether you’re eligible for a casualty loss deduction. Contact us at (856) 985-5688.

Even when your finance and accounting (F&A) team seems to be firing on all cylinders, they may feel burdened with heavy ...
05/18/2026

Even when your finance and accounting (F&A) team seems to be firing on all cylinders, they may feel burdened with heavy workloads and tight deadlines. Bringing in an external accountant can ease the pressure on your internal team and keep your business running smoothly behind the scenes. If your accounting and bookkeeping workload is piling up, we’re here to help. Call us at (856) 985-5688 to learn how we can support your business.

The Qualified Opportunity Zone (QOZ) program offers tax breaks on capital gains from eligible long-term investments in d...
05/15/2026

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 (856) 985-5688 with any questions about QOZ tax breaks.

Beginning July 4, 2026, parents, grandparents and others can contribute to Trump Accounts (TAs) for the benefit of eligi...
05/13/2026

Beginning July 4, 2026, parents, grandparents and others can contribute to Trump Accounts (TAs) for the benefit of eligible children. Certain children born 2025–2028 may also qualify for a $1,000 starter deposit from the federal government. TA contributions are generally limited to $5,000 per year (not counting the government deposit) and aren’t tax deductible. But earnings grow tax-deferred. At age 18, the TA will become a traditional IRA. For education goals, options like 529 plans may be better, because qualified education withdrawals are tax-free. Contact us at (856) 985-5688 to discuss what fits your family.

Can business debt become personal? In some cases, yes. If you’re a sole proprietor or a general partner in a partnership...
05/12/2026

Can business debt become personal? In some cases, yes. If you’re a sole proprietor or a general partner in a partnership, you’re personally liable for business debts. Owners of corporations and limited liability companies are generally protected from personal liability, unless they personally guarantee a loan, commit fraud or fail to keep business and personal finances separate. Payroll taxes are different. The IRS can assess the Trust Fund Recovery Penalty to hold owners, officers or other responsible individuals personally liable for unpaid withheld payroll taxes, regardless of the business structure. This applies even if the business declares bankruptcy. Call us at (856) 985-5688 with questions.

Address

4B Eves Drive, Ste 100
Marlton, NJ
08053

Opening Hours

Monday 8am - 6pm
Tuesday 8am - 6pm
Wednesday 8am - 6pm
Thursday 8am - 6pm
Friday 8am - 6pm

Telephone

+18569855688

Website

Alerts

Be the first to know and let us send you an email when Baratz & Associates, P.A. posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Shortcuts

Share