Property Tax Relief for New Jersey Homeowners and Renters In 2022, the state of New Jersey aimed to provide relief to residents by replacing the Homestead Benefit program with the Affordable New Jersey Communities for…

New Jersey recently enacted legislation that regulates credit card surcharges that may be charged by merchants.   New Credit Card Surcharge Law for New Jersey Under the new law, which is effective immediately, a merchant…

Upcoming Tax Deadlines September 15, 2023 • Third quarter individual estimated tax payments for 2023 are due. • Filing deadline for extended 2022 S-corporation and partnership returns. October 16, 2023 • Filing deadline for extended…

On July 3, 2023, New Jersey Governor Phil Murphy signed into law Assembly Bill 5323 which enacted significant changes to the state’s Corporate Business Tax Act (CBT) and Gross Income Tax Act (GIT). Following are…

On May 8, 2023, New Jersey Governor Phil Murphy officially signed legislation that effectively decouples state tax provisions from the federal prohibition on cannabis business deductions beginning with the 2023 tax year. The bills, A-3946/S-340,…

September 19th Update: ANCHOR Benefit Confirmation Letter If you received the ANCHOR Benefit Confirmation Letter or are eligible to apply, here is what you need to know. Did you file last year and have no…

The New Jersey Division of Taxation has announced a new state Child Tax Credit for households earning under $80,000. Refundable tax credits of up to $500 per child will be available when filing the 2022…

The New Jersey Economic Development Authority (NJRDA) has approved changes to the Main Street Micro Business Loan Program. These changes include the removal of the requirement for personal guarantees from owners of micro businesses. The…