Blog & News

You can take an extra Ninety (90) days to file your tax return amid coronavirus outbreak Taxpayers can take some extra time to get their tax returns to the Internal Revenue Service as the nation copes with the spreading coronavirus. Treasury Secretary Steven Mnuchin said during the administration’s daily coronavirus briefing that taxpayers can defer filing […]

Taking care of your finances is one of the most important ongoing tasks a person has throughout their life. Once a year, it is beneficial to take the necessary time to get your financial documents in order as well as update the ones you currently already have. In doing so, there are certain basic financial […]

There are a variety of different taxes that are imposed by the United States government that must be paid by those who are employed. This can often become overwhelming to understand, which is why it can be beneficial to retain the services of an experienced certified public accountant and consultant for guidance in understanding these […]

We are thrilled to announce that Governor Murphy has signed the pass-through entity bill! On Jan. 13, Governor Murphy signed the Pass-Through Business Alternative Income Tax Act into law. This act allows pass-through businesses to pay income taxes at the entity level instead of the personal level. This helps business owners mitigate the negative impact […]

In order to make money from investing, it requires a great deal of discipline, hard work, and determination. Many people who are making an investment for the first time are unsure of where to start. Before making an investment, it is important to educate yourself so that you are sure you are making the right […]

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 […]