The manufacturing industry in New Jersey is growing. According to the National Association of Manufacturers, the manufacturing industry in the State had a total output of $49.30 billion in 2017 compared to $45.93 billion in…

Even though 2019 is just around the corner, you still have time to take action and save on your business tax bill. Here are 10 ideas to consider: Buy equipment. Generally, you can claim an…

Note: Have questions when it comes to tax reform’s new deduction rules? Our upcoming Alloy Academy “I Can Deduct That, Right?” will go over what is and is no longer deductible with the Tax Cuts…

The new Tax Cuts and Jobs Act (TCJA) includes numerous provisions designed to stimulate business growth, including changes in depreciation rules.   Let’s Talk Tax Reform A business entity can now write off the entire…

New Jersey has always ranked as having some of the highest real estate taxes in the country. For a long time, many taxpayers could deduct all of those taxes on their federal tax return until…

The U.S. Supreme Court issued a ruling in the South Dakota vs Wayfair case that opens the door for states to impose sales tax on sellers outside their borders. The case highlights a new standard…

The most sweeping tax overhaul in decades brings lots of changes in federal tax code for businesses, ranging from a lower corporate tax rate to big tax savings for asset purchases. But there are also…

In May 2014, the Financial Accounting Standards Board (FASB) issued a standard addressing revenue recognition which provided guidance on revenue from contracts to provide goods or services to customers.  The new standard provides potential changes…