Student loan payments are set to begin after the COVID-19 emergency relief ends. To prepare for the restart, continue reading to learn the top five tips. Update your information Pull up your loan servicer’s website and your StudenAid.gov profile to double-check that your contact information is accurate. This will ensure you are kept up to […]
Read MoreIt is important to understand the basic accounting terms as a business owner or someone who is moving up in a business. Continue reading to discover the top accounting terms that will be essential to understand to effectively communicate with your accounting service provider. Please continue reading and speak with our knowledgeable New Jersey Certified Public […]
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Good credit ratings are important in every aspect of life. A good credit score will prove how likely you are to repay any debts that you may accrue during your life. It will also allow individuals to obtain a credit card or loan. Credit scores can even help someone to negotiate a lower interest rate. […]
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If you have searched everywhere you can think and still haven’t been able to locate your W-2, we have good news: there are still steps for you to take. Continue reading to discover the steps to take if you have lost your W-2 and how to go about recovering a new copy. Plus, tips on […]
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With May 17th come and gone, you might be wondering what your options are regarding receiving an extension on your taxes in New Jersey. Continue reading to discover your options regarding applying for an extension on your taxes in New Jersey after May 17th, 2021. If you require assistance with taxes, accounting, or consulting services, […]
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For 2021 only, the American Rescue Plan Act (ARPA) of 2021 expands the Child Tax Credit. This change may help families receive advance payments coming up this summer. Expanding the Child Tax Credit means that the credit for qualifying children is fully refundable. This means that taxpayers can benefit from the credit if they do […]
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To help taxpayers, the IRS announced today that it will take steps to automatically refund money this spring and summer to people who filed their tax returns reporting unemployment compensation before the recent changes made by the American Rescue Plan. The legislation, signed on March 11, allows taxpayers who earned less than $150,000 in modified […]
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As we all know, letters from the IRS are seldom welcome, for oftentimes, we fear the worst–even if we didn’t do anything wrong. “Did I make a mistake?” “Did I forget to file something?” These are all valid questions that come to mind upon seeing an envelope from the Internal Revenue Service in our mailbox. […]
Read MoreThe Treasury Department and IRS announced today that the federal income tax filing due date for individuals for the 2020 tax year will be automatically extended from April 15, 2021, to May 17, 2021. The IRS will be providing formal guidance in the coming days. Individual taxpayers can also postpone federal income tax payments for […]
Read MoreThis document provides a brief summary of key tax provisions contained in the American Rescue Plan Act, H.R. 1319, which was signed into law on March 11, 2021. Recovery Rebates/Economic Impact Payments The act creates a new Sec. 6428B that provides individuals with a $1,400 recovery rebate credit ($2,800 for married taxpayers filing jointly) plus […]
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