The Internal Revenue Service announced on December 14, 2023 an increase in the standard mileage rates for 2024.   2024 Mileage Rates The new standard mileage rate for business travel will be 67¢ per mile….

Do you live in Pennsylvania but work in New Jersey? If so, this is a video for you. Here in South Jersey, it is common for clients to work in a different state from where…

Tax Planning Triggers: When to know to conduct a tax review Here are some tips that should trigger you to conduct a full tax planning session to ensure your tax bill next year is not…

The old year is in the rearview mirror and a fresh new one is upon us. What tax actions can you take early on in the year? Following are some tax tips to get you…

Effective tax planning comes down to looking for ways to reduce taxable income, delay a tax bill, increase tax deductions, and take advantage of all available tax credits. It also helps you be aware of…

When it comes to taking qualified deductions on your tax return, having proper documentation to prove your expenditure is a must. Here are some typical areas where taxpayers often fall short, costing them plenty during…

It’s never too early to start planning for 2024! Planning ahead can put more cash in your pocket instead of overpaying the IRS. Avoid the last-minute tax panic and set yourself up for success with…

While the maximum capital gains tax rate can be as high as 23.8%, many pay 15%. But there is the possibility to have your capital gains go tax-free – yes, 0%! You incur long-term gain…