Why is now the now the best time to make estate planning gifts?

  The beginning of the year is the best time to make estate planning gifts. Fewer than 1% of estates will be taxable under current law, so most of us don’t need to make gifts to reduce estate and gift taxes. But there are good non-tax reasons annual gifts should be part of your estate [&helli...   Read More

IRS Forms 1099…is your business ready?

Form 1099 time is upon us. Businesses must send out IRS Forms 1099 by Jan. 31 for the prior calendar year. Perhaps no one likes IRS Forms 1099 except the IRS, for they allow easy computer matching of Form 1099 data against tax returns. Generally, businesses must issue the forms to any payee (other t...   Read More

Don’t fall for a Phishing scam

  With the approach of the holidays and the 2019 filing season, the Internal Revenue Service, state tax agencies and the nation’s tax industry warned people to be on the lookout following a surge of new, sophisticated email phishing scams. Taxpayers saw many more phishing scams in 2018 as the...   Read More

IRS Announces 2019 Tax Rates, Standard Deduction Amounts And More

  The Internal Revenue Service (IRS) has announced the annual inflation adjustments for more than 60 tax provisions for the year 2019, including tax rate schedules, tax tables and cost-of-living adjustments. These are the numbers for the tax year 2019 beginning January 1, 2019. They are not the...   Read More

Are you aware of the NJ Urban Enterprise Zone Program?

Benefits to Businesses Reduced Sales Tax – currently 3.3125%, effective 1/1/2018 Tax Free Purchases on certain items such as capital equipment, facility expansions, and upgrades Financial Assistance from agencies such as NJEDA Subsidized unemployment insurance costs for employees who earn less tha...   Read More