New legislation passed on December 27, 2020 expanded the Employee Retention Credit that was originally introduced with The CARES Act in March of 2020. The new legislation has left employers with many questions about how…

It is not too early to start tax planning for the year to come. In addition to the planning changes in tax benefit phaseouts and other cost of living (COLA) adjustments, here are changes to…

Tax Update for NJ Pass-Through Entities Act quickly to save tax dollars thanks to new legislation.   What is it? New Jersey recently enacted the Pass-Through Business Alternative Income Tax Act (NJ BAIT) in an…

New taxpayer relief initiative The IRS has made a number of changes designed to help struggling taxpayers impacted by COVID-19. These include an extension of the short-term payment plan option from 120 days to 180…

The CARES Act comes with some unexpected benefits for small and large businesses alike. This includes tax credits around paid sick leave, paid family leave, and employee retention as well as the deferral of some…

Looking For a CPA? Here are some tips. The first step to finding the perfect CPA for you is figuring out the type of tax and/or accounting services you will need.  Once you know this…

On April 1, Governor Murphy announced the intention to extend the state’s tax deadline from April 15 to July 15. As of Monday, April 13, the state legislature voted to approve the extension and, with…

Late on March 25, 2020 the Senate passed the Coronavirus Aid Relief and Economic Security Act (CARES Act). The CARES Act is a stimulus bill featuring over $2 trillion in measures designed to make a…