Tax Update – 2025
Please click the link below to access our tax update for the year 2025, covering the One Big Beautiful Bill Act Tax Update 2025
What Federal Funding may be Available for my Small Business?
The SBA has been developing new and revising past guidelines as companies begin to receive relief funding and Congress grants additional relief funding. One program of interest we have used for our clients is the… Payroll Protection Program The loan amount is based on your monthly payroll multiplied by 2.5. Part of the loan debt…
When Are My Business and Personal Tax Returns Due?
Federal Due date / deadline for filing tax returns is extended from April 15 to July 15, 2020 – no need to file for an extension. Extension will be granted until October 15, 2020, however an extension request must be filedDue date for contributing to an IRA is extended from April 15 to July 15,…
NJ Earned Income Tax Rate Update
New legislation signed into law on July 1, 2018, made several changes to the New Jersey Gross Income Tax Act at N.J.S.A. 54A:1-1 et seq. as part of New Jersey’s fiscal year 2019 budget. The changes include increases in the New Jersey Earned Income Tax Credit (EITC) and the property tax deduction, and the addition…
401k Anybody?
Published on March 26th, 2014 I am often asked by my clients, will it help me to save by putting money into an IRA or Roth IRA? Before we can answer that question, we must first determine whether they are eligible to contribute based on age, employer plan coverage, spouse’s coverage, and income. Often the…
Top Five Tips for Tax Season
Published on March 1st, 2014 Preparing for tax time can be tedious. It usually means you’ll be gathering lots of documents for your tax professional so that your return can be prepared. Here are a few things you can do to assure that your preparer spends less time looking for missing information and more time…