The One Big Beautiful Bill: Key Business Tax Impacts at a Glance The One Big Beautiful Bill Act of 2025 introduces a number of business-focused updates, including enhanced tax breaks and eased compliance burdens. From…

Amended returns no longer required if ERC claim is received or denied in current year. When the regulations concerning the Employee Retention Credit (ERC) were first issued, they indicated that a taxpayer who received ERC…

Significant portions of the current tax code are set to expire at the end of 2025, and while legislation is being considered in Washington, it’s unclear what the outcome will be. What is clear is…

Upcoming Tax Deadlines June 16, 2025 Second quarter 2025 individual estimated tax payments are due. July 31, 2025 Due date for filing 2024 retirement or employee benefit plan returns (5500 series) for calendar year plans….

As of May 14, 2025, the New Jersey Division of Taxation has rolled out the first phase of its modernized tax-filing system, giving business owners and tax professionals new tools to manage filings more efficiently…

With the changes happening in Washington D.C., there is now some uncertainty about what tax policies we may see in 2025 and beyond. During this time of uncertainty, it is challenging to create a workable…

The clock is ticking! The deadline to file 1099-NEC forms for non-employee compensation is January 31st. If you paid $600 or more last year to vendors such as freelancers, attorneys, and anyone providing you services,…

The IRS typically offers relief, such as extending tax filing and payment deadlines, for areas designated by the Federal Emergency Management Agency (FEMA). Individual and business taxpayers in these disaster-affected regions automatically receive this extension,…