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With over 80 years of experience and a global perspective, our team is ready to navigate your unique financial challenges
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Building Trust Through Expert Solutions and Personalized Client Care.
With locations in New Jersey and New York, we’re a welcoming accounting firm focused on building strong client relationships, delivering expert advice, and earning your trust.
Beyond tax and accounting, we support all phases of your business.
Experience personalized service with a team that treats you like family.
At MSPC, we pride ourselves on making the entire process smooth and hassle-free. Our team takes the time to explain every detail, ensuring you feel confident and informed at every step. We’re patient, approachable, and treat our clients like family, ensuring that your experience is not only professional but also personal. With a focus on clear communication and client care, we make sure you’re supported and understood, no matter how complex the situation may seem.
Frequently Asked Questions.
Find answers to the most commonly asked questions we get from prospective clients. If you still have questions, request a meeting by connecting with an expert, and we can answer any other concerns you have.What industries does MSPC specialize in?
MSPC specializes in industries like real estate, technology, shipping/maritime, cannabis, and hospitality. Each industry has unique needs, and our firm tailors services to meet the specific challenges of each, providing comprehensive accounting, audit, and tax solutions.
If you’re unsure if we align, please click here to schedule a free consultation.
Where are your offices located?
What sets MSPC apart from other CPA firms?
How can I book a consultation with MSPC?
You can book a consultation by filling out our booking form, located here. You can also call one of our office locations. Our team will be happy to discuss your needs and recommend a tailored service solution.
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Stay Informed With Insights and Updates That Impact Your Business.
Our blog is your go-to resource for the latest in tax law changes, regulatory updates, and firm news. We cover it all whether you’re looking for industry-specific advice or insights on broader financial trends. MSPC experts share timely, relevant information to help you navigate the complexities of running a business while keeping you up to date on developments that matter most. Explore our articles and stay ahead with strategies to help you succeed.
What Businesses Need to Know About the Corporate Transparency Act (CTA)
Starting from January 1, 2024, many businesses must disclose information about their beneficial owners to the Financial Crimes Enforcement Network (FinCEN). This is being done to prevent money laundering, financing of terrorism, and other illegal financial activities. Under the recently enacted Corporate Transparency Act (CTA), organizations are now required to…
Corporate Asset and Stock Deals
Corporate mergers and acquisitions are generally classified as either stock or asset deals, and the tax consequences for the buyer and seller vary accordingly. Asset Sale During an asset sale, the buyer can purchase the entire inventory of assets and obligations of the target corporation or choose to buy only…
Changes to the NJ Corporation Business Tax Act
On June 30, 2023, New Jersey’s legislature approved a significant corporation business tax (CBT) overhaul, the key provisions of which include: Please contact your MSPC advisor for additional information on how this may impact your business.
MSPC Names Najoung Kim, CPA as Partner
MSPC Certified Public Accountants and Advisors, PC is pleased to announce that Najoung Kim has been named a partner in the firm. Najoung joined the firm in 2006 and has two decades of experience providing audit and assurance services to publicly traded and privately owned companies. Over her career, she…
Recent Developments in FBAR Filing Requirements
It is important to be aware that failing to file a Report of Foreign Bank and Financial Account (FBAR) can result in severe financial consequences. A $10,000 civil penalty is imposed for non-willful failures to file an FBAR, while willful failures are subject to a penalty that is greater of…
Len Sprishen Promoted to Director of Global Tax Advisory
Cranford, NJ — MSPC Certified Public Accountants and Advisors is pleased to announce the promotion of Len Sprishen, J.D., LL.M to Director of Global Tax Advisory. Len provides tax advice to MSPC’s clients and worldwide affiliates on a broad range of federal, international, and state and local tax matters. He…
New Jersey Cannabis Business Applications
New Jersey’s Cannabis Regulatory Commission (“CRC”) has announced that it will soon begin accepting applications for licensure of cannabis businesses. Recently issued regulations provide a general outline stressing what the CRC will look for in potential licensees, as well as those receiving priority in the process. Who Gets Priority? Specifically,…
Post-Pandemic Tax Savings
The world has changed in the last two years, especially when it comes to employment. As more employees are enjoying the benefits of working remotely, there are several tax considerations and potential savings that should be considered. Tax Considerations for New York City Employers Employers should diligently evaluate whether their…
Officer Compensation
In the case of Hacker, T.C. Memo 2021-186, the U.S. Tax Court has held that two corporate officers were employees of the corporation they owned and that the corporation was liable for its share of payroll taxes on the IRS’s reasonable determination of what the corporation should have been paying the…
Advance Child Tax Credit
In a recently published FAQ, the IRS stated that Advance Child Tax Credit payments cannot be counted as income when determining if the recipient taxpayer or anyone else is eligible for benefits or assistance, or how much the taxpayer or anyone else can receive, under any federal program or under any…