IRS releases business standard mileage rate for 2012 The business standard mileage rate, which many employers use to
reimburse employees for business miles driven, is 55.5
cents-per-mile for 2012, the IRS has announced. This reflects
no change from ...
IRS reminds dual citizenship taxpayers to report foreign accounts The IRS recently reminded dual citizenship taxpayers and U.S.
citizens residing abroad to file U.S. income tax returns and, if
appropriate, Form TD F 90-22.1, Report of Foreign Bank and
Financial A...
IRS revises regulations for capitalization of tangible assets Just before year-end 2011, the IRS issued much-anticipated revised
regulations on the capitalization of tangible assets. The IRS
withdrew proposed regulations issued in 2008 and issued temporary
an...
IRS updates Form 940 for mid-year expiration of FUTA surtax The IRS has updated Form 940 to reflect the mid-year 2011
expiration of the 0.2 percent FUTA surtax. FUTA taxes for 2011 will
be calculated using two rates, the IRS explained.Mid-yea...
NJ - Madoff victims entitled to refunds Taxpayers, who were victims of the Madoff Ponzi scheme, were
entitled to file amended New Jersey gross (personal) income tax
returns for 2005 through 2007 to claim refunds for inte...
Welcome to Vick Verma CPA LLC
Vick Verma CPA LLC is a full service accounting and consulting firm that provides audit, tax and information technology assurance and infrastructure services to clients throughout New Jersey. Vick Verma CPA LLC is geared toward the small to medium business and individual client. Integrity, innovation, industry knowledge and a commitment to accurate quality work are the core values that guide Vick Verma’s business. He is committed to forming lasting relationships, and offering the highest level of customer service; he says“If you’re happy, I’m happy”.
Vick has earned the respect of clients, peers and industry experts through hard work, technical expertise and a heartfelt desire to provide excellence in service. While service excellence is a claim made by many accountants, it is important to know that for Vick Verma, this claim is not an empty promise. Vick Verma has been recognized for his achievements by many Managers who represent music entertainers and sports professionals. For the past several years Vick Verma has had many professional clients who come to him through referrals.
Many clients choose to do business with those they know and trust; this is particularly true of accountants. You want your accountant to be your advocate; to care about you and your business – Vick Verma cares.
Please feel free to Contact Us at (732) 987-6393 with any questions or comments you may have - we would love to hear from you. We pride ourselves on being proactive and responsive to our clients' inquiries and suggestions.