Blog & News

November 20, 2019 As part of a larger effort to ensure fairness in the tax system, the IRS is taking steps to conduct special compliance efforts for individual and business taxpayers in various communities. The goal of these visits is to help resolve tax compliance issues by meeting face-to-face with taxpayers with ongoing tax issues. […]

Unfortunately, debt has become far too common for many people. A recent analysis of the latest Federal Reserve data showed that total U.S. consumer debt is on its way to exceeding $4 trillion this year. It showed that Americans collectively owe more than 26 percent of their monthly income on consumer debt. This can include […]

When loved ones need a little financial assistance, we often reach out a hand to help them. This may involve loaning them some money. Mixing “business with pleasure” can often prove to be tricky and put stress on relationships. It is because of this that it is important to do so the right way. When […]

With the new season arriving, it can be a good time for business owners to take a step back and review the statuses of their workers. This allows them to avoid any misclassification issues. By correctly classifying workers, businesses can preserve tax breaks and avoid significant penalties.  Why Does it Matter? While many business owners […]

Managing a business is a very difficult venture to do successfully. It requires a great deal of patience and attention to detail. Sometimes, certain details can often slip through the cracks when dealing with so many things at once. This can often be the case when handling money. There are many businesses that find themselves […]

New Jersey has enacted a new statute which greatly increases the employer’s risk for misclassification, as well as other violations of New Jersey’s Wage Hour laws. On August 6, 2019, acting Governor Sheila Oliver signed sweeping legislation drastically increasing the penalties for employers who fail to pay wages due under New Jersey law. This Act, […]

Running a small business is not easy. It takes a great deal of time and effort to be successful. This can make it difficult to find extra time to take care of your company books. While it can be tough and complicated, it is crucial to keep these in order. The following are 7 tips […]

It is important for people to save money regularly, beginning as soon as possible. Doing so can develop a healthy habit that assists you in the future. No one can predict the future. Saving money can help to make sure you are financially secure and have a safety net in the event that you meet […]

In 2017, a new tax legislation was enacted. This rewrites many sections of the tax code. However, the one part that remained the same is the tax on net investment income. However, there are different ways you can minimize the impact by taking timely action. Net Investment Income Usually, the net investment income tax is […]

When a couple becomes serious or gets married, they often join their finances. If this decision is made, it is important for them to keep good financial standing together and not hinder one another. In order to do so, it is important for a couple to make financial goals together. These goals can make it […]