Alloy Silverstein’s articles and insights are updated weekly. Stay tuned for the latest tips and news on managing your business, the latest tax law, preventing fraud, preparing your taxes, and more.
New college savings option: How to get more money without reducing need awards. Beginning in 2023 there is a new way to save money for college that won’t impact your student’s ability to qualify for…
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Tax season used to be the most common time to receive emails and phone calls from fraudsters posing as the IRS, but in reality, the threat is now year-round. The most common technique for identity…
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Many small business entity owners have a new compliance requirement to adhere to beginning next year. In an effort to better prevent money laundering, tax evasion, and other illicit financial crimes, new legislation and reporting…
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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,…
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Last year, the Inflation Reduction Act of 2022 introduced new requirements and limitations for taxpayers who want to receive a tax credit for purchasing a new clean or Electric Vehicle (EV) in 2023. Before you…
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In partnership with Engineered Tax Services (ETS), Alloy Silverstein recently hosted two webinars that highlighted a couple of real estate tax strategies for building owners, developers, contractors, and more. Cost Segregation Typically, buildings are…
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If you use a credit card for business transactions, you’re probably recording it wrong. Using a credit card for the bulk of your business purchases these days has become the norm. It’s really convenient, you…
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What is an amended tax return and when do I need one? If you file a tax return and you find out later that it was wrong for some reason, you can file an amended…
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