The latest buzz word in the tech space has three little letters with huge price tags: NFT. Here’s a breakdown on what this digital asset is.   The collectibles industry used to be defined by…

The IRS is coping with a backlog of historical proportions and it is impacting millions of taxpayers. According to IRS sources, as of July 31, there are still over 13 million tax returns that are…

Each of us needs to keep records that substantiate our tax return or other important life events for as long as they are needed. So what does this mean? The basic retention period Federal tax…

Wouldn’t it be nice to have a source of nontaxable income? You may be more fortunate than you realize. Here are several types of income that the IRS does not tax. 1. Tax-free interest. The…

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….

As fall begins, your business’s financial statements may be due for a quick check-up. Here are several review suggestions to help determine the health of your business prior to year-end. Balance Sheet Reconciliations Reconcile each…

Now is the time to schedule a tax planning appointment. If you are on the fence, here are some things to consider: It can make a difference This is especially true if you have a…

On September 8, 2021, the IRS announced expanded relief for residents in New Jersey and New York who have been impacted by Hurricane Ida earlier this month. Most federal tax filing and payment deadlines due…