As of January 2022, several new laws have been passed in the state of New Jersey that could impact the tax planning for your business or non-profit. Revised NJ Business Alternative Income Tax Act (BAIT)…

New Incentive for New Jersey Employers and Unemployed Residents Earlier this week, NJ Governor Phil Murphy announced a new incentive with the NJEDA to help encourage more unemployed workers to transition back into the workforce….

NJ & PA personal returns now due May 17 Last week, the IRS and U.S. Treasury extended the federal income tax filing and 2020 payment deadline for individuals from April 15 to May 17. As…

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 Jersey Governor, Phil Murphy, has announced a new rent relief grant opportunity, The Small Business Lease – Emergency Assistance Grant Program (SBL-EAGP). Through this grant, small business owners in 64 municipalities will be able…

Former governor of New Jersey, Chris Christie, and his wife, Mary Pat, have initiated the New Jersey 30 Day Fund Program to help small business owners survive the COVID-19 pandemic. The fund’s goal is to…

[Updated June 5, 2020.] The NJEDA Has Announced Phase 2 of The Small Business Emergency Assistance Grant Program The New Jersey Economic Development Authority (NJEDA) has announced a second wave of small business funding. The second round…

Additional Federal Funding for Small Businesses On April 21, the U.S. Senate reached a deal for a new COVID-19 pandemic relief bill. While not yet law, it is expected to be approved by the House and…