Tag: CPA

The 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 […]

This 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 […]

Regardless of your age or financial standing, it is never too early to create a comprehensive financial plan. Even if you do not consider yourself as having significant assets to create such a plan, the truth is, you most likely have far more than you think. The bottom line is that creating a financial plan […]

There are few businesses that deserve more respect than restaurants, especially in these unprecedented times. Through the pandemic, restaurant owners have grappled with hurdle after hurdle, and though over the summer there appeared to be a light at the end of the tunnel, this is no longer the case as COVID cases skyrocket to numbers […]

There are few things more important to the success of a business than continually checking to ensure it is operating to its fullest potential. There are many ways that business owners can do this, however, in most cases, audits are essential. Essentially, audits can provide clarity when it comes to the financial status of a […]

There are few things more important to business owners than understanding the value of their business. Please continue reading and speak with our experienced New Jersey CPAs to learn more about the wide array of circumstances wherein your business may require valuation services. Business Owner Divorce: There are few things more complicated than divorce, and […]