New Jersey Pass-Through Entities Can Now Pay Income Tax-SALT ‘Workaround’ Approved by IRS

In January 2020, New Jersey passed a law that allows pass-through entities to pay income tax at the entity level. On November 10, 2020, the IRS today issued Notice 2020-75, which announces rules to be included in forthcoming proposed regulations. Specifically, the proposed regulations will clarify that state and local income taxes imposed on and […]

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What do I Need to Know About the Small Business Association Paycheck Protection Program?

Under the new life circumstances of the Coronavirus, there are many people and small businesses struggling. It is because of this that the Senate passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act, a stimulus bill that includes a loan program for small businesses to help them during this time. This is known ass […]

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