Our Services

Individual Tax Services

We assist individuals who value professional advice and the ability to work with trusted advisors for years to come, ensuring a long-term and committed relationship.

We have individual clients in a wide range of professions, ensuring that everyone feels included and catered to; many own businesses, multiple real estate properties, or have complex financial investments.

Everyone has different goals – we will listen to yours and respond with personalized advice, making you feel understood and valued, rather than hand out pre-packaged answers.

Business Tax Services

We offer a helping hand to business owners, relieving them of the burden of managing their tax responsibilities and staying current with the shifting tax law landscape. This allows our clients to focus on their business, knowing that their tax matters are in good hands.

Our client base spans across many industries, from established real estate firms to start-up technology companies. We understand that each business is unique, and we provide tailored, responsive, and insightful guidance to support your organization’s specific needs.

Our Firm excels in filing Individual, Partnership, S-Corporation, C-Corporation, Trust, Estate, Inheritance, Gift, and Non-Profit tax returns. We also prepare amended tax returns and can resolve prior-year tax issues with the IRS and other taxing authorities. While our Firm is located in Philadelphia, we have clients all over the United States. Our tax consulting and advisory services provide value beyond the required tax filings. We take a proactive approach with our business clients to help find ways to minimize tax liabilities through proactive tax planning. Additionally, we work with our business and individual tax clients to maximize their potential benefit from all available federal, state, and local tax credits.

J. Cohen CPAs & Advisors offers comprehensive accounting and assurance services to help businesses, non-profits, and individuals achieve transparency, compliance, and financial clarity. Our experienced team is dedicated to providing high-quality, tailored services to meet your needs and ensure that your financial reporting adheres to the highest standards.

Audit Services

An audit provides an independent, in-depth examination of your financial statements to ensure their accuracy and compliance with Generally Accepted Accounting Principles (GAAP). We conduct audits with integrity and professionalism to deliver reliable financial information that stakeholders can trust.

Our audit services include:

• Financial Statement Audits
• Employee Benefit Plan Audits

Attest & Other Services

Reviews

A review engagement provides limited assurance that your financial statements are free from material misstatements. While less comprehensive than an audit, a review is ideal for companies seeking to provide credible financial reports with a less intensive process.

Our review services include:

• Financial statement reviews
• Client-focused communication and feedback

Compilations

Compilations involve assembling financial statements based on information provided by management. This service does not offer any assurance on the financial statements’ accuracy or completeness but helps prepare them for internal or external use.

Our compilation services include:

• Preparation of financial statements (monthly, quarterly or annual basis)
• Tailored presentation of financial data
• Assistance with internal financial reporting

Agreed Upon Procedures

We can assist clients with agreed-upon procedures (AUP), where we conduct specific procedures on a defined scope of work and report our findings based on the criteria you set. These engagements can be tailored to meet the unique needs of your business or organization.

Our agreed-upon procedures include:

• Customizable procedures based on client needs
• Reports on factual findings

At J. Cohen CPA & Advisors, we understand the stress that comes with managing finances. That’s why we offer a full suite of bookkeeping and back-office accounting solutions designed to assist businesses, non-profits, and individuals with their bookkeeping and reporting needs. Our goal is to reduce your time spent on day-to-day financial matters, giving you the peace of mind to focus on your core business.

Our experienced team provides high-quality, tailored solutions designed to support your back office while providing timely financial reports to give you insight into the financial health of your business. We provide various services, from financial reporting and analysis to payroll processing, accounts payable, accounts receivable, accounting system maintenance, and more, and these solutions can be customized to the needs of your business. Working with our team will also ensure that the business finances are ready as early as possible to support required tax filings, making your tax return filing experience painless, quick, and less expensive.

Financial Reporting and Analysis

At J. Cohen CPA & Advisors, we know how important it is for owners to have confidence that their financial reports are accurate to make the best possible business decisions. Our staff is dedicated to providing your organization with timely and accurate financial reporting that you and your organization can rely on for planning and assessing the health of your business.

Our services include:

• Monthly/Quarterly/Annual Reporting
• Bank, Credit Card, and Investment Reconciliation
• Data Entry
• Variance Analysis
• Budget Preparation
• Forecasting Revenue and Expenses
• Audit Support
• Specialized Reporting

Payroll

Managing payroll for any organization can be a time-consuming task. Our experienced team is here to relieve you of this burden. We ensure accurate employee pay, stay on top of database management, and navigate the ever-evolving employment and payroll tax laws, allowing you to focus on your business without the worry of payroll management.

Our services include:

• Processing payroll through 3rd party software
• Payroll Database Management
• Off-Cycle/Bonus Payroll Processing
• 401K, HSA, and other Benefit Administration
• Payroll Onboarding and Tax Account Setup
• Integrate payroll to QuickBooks/Accounting Software

Accounts Payable

Accounts payable can be a time-consuming process. Between making sure that invoices are legitimate, payments get made, vendors and contractors are paid timely, and researching unpaid bills, late notices, or uncleared checks, our staff assists you with managing and staying on top of this process to both make sure that your vendors are paid accurately and efficiently.

Our services include:

• Process invoices and circulate for approval
• Cut checks for weekly/bi-weekly runs
• Cash flow management
• Contact vendors to resolve payment discrepancies
• Bill.com or other online bill pay software and integrate with QuickBooks
• 1099s

Accounts Receivable

Ensuring that your business is being paid for goods and/or services rendered is essential for the ongoing cash flow of your operations. Our staff helps you stay on top of your collections process to ensure you receive all payments you are entitled to and assist in following up with delinquent customers.

Our services include:

• Monitor Collections
• AR Aging
• Invoice Preparation

Accounting System Setup and Support

Your general ledger and chart of accounts are the backbone of your organization’s overall financial picture. Upon engagement, our team works with you to establish a general ledger and chart of accounts if needed or reviews your current account structure to ensure you are satisfied with the presentation. We handle the initial data entry and maintain the books and records throughout the engagement. Should you change to QuickBooks from another software suite, we can handle data migration and system integration and provide any training and consulting your team may need. Additionally, we can provide custom reporting and implementation as requested.