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RECENT NEW JERSEY TAX UPDATES

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…

IS IT TIME TO RECONSIDER THE DECISION TO BUY OR LEASE EQUIPMENT?

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…

USE TECHNOLOGY TO CONTROL COSTS IN YOUR CONSTRUCTION BUSINESS

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…

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