On August 5, 2019, New Jersey’s Acting Governor, Sheila Oliver, signed legislation providing support to more than 435,000 New Jersey Veterans. NJ S 1331 extends the eligibility for Veteran’s property tax deduction and exemption to residents of continuing care retirement communities. Surviving spouses are also entitled to the exemption if they are residents of a Read More…
Multiple tax rates hold the key In times of market volatility or when a financial need arises, it is only natural to consider selling some investments. Understanding the tax consequences is key to making an informed and planned decision. Here is what you need to know BEFORE you sell: Investment Tax Rates Investment Tax Classification Read More…
BKC’s BikeMS Team, “Warner’s Wheelers”, had another very successful year with 14 cyclists, raising over $13,000 for the National MS Society in the name of their MS Champion, the late Michael Warner. There was a great turnout September 30th at the finish line with family, friends and BKC employees cheering on the riders as they Read More…
Effective October 1, 2018, New Jersey sales and use tax was imposed on transient accommodations. The definition of transient accommodations included living/sleeping space for the lodging of occupants for a term of less than 90 consecutive days. This new law became known as the “Jersey Shore Rental Tax”. Individuals who owned any type of short-term Read More…
Help us support our MS Champion, Michael Warner, and create a world free of MS. We’ve formed a team for Bike MS because we want to experience a great ride and help the National MS Society fund research, advocate for change and help people with MS live their best lives. We believe in this cause. Read More…
Given the historically low interest rate environment in which we find ourselves, most business owners in capital intensive industries will be impelled to explore their options when it comes to obtaining new equipment. Whether it’s best to use lease financing or purchase equipment outright depends on multiple factors including (but not limited to) the type Read More…
Controlling overhead costs is critical for all construction managers. Increased competition and slim profit margins have forced contractors to take a hard look at overhead cost management. Budgeting and variance analysis Technological changes have made budgeting systems, planning, and control techniques available to all contractors. Budgeting allows contractors to evaluate current operations, assess future costs, Read More…
Now is the time to make your estimated tax payment If you have not already done so, now is the time to review your tax situation and make an estimated quarterly tax payment using Form 1040-ES. The third quarter due date is now here. Due date: Monday, September 16th, 2019 Remember, you are required to Read More…
Procrastination is easy, especially when it comes to summertime tax planning. But waiting to implement strategies to reduce your 2019 tax obligations could cost you money. Here are some suggestions to help jumpstart your midyear review: * Adjust your withholdings and estimated payments If you haven’t already, update your withholdings and estimated tax payments to Read More…
Did you know you can rent your property tax free for a limited time. Learn more here:
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