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AUDIT PROOF YOUR TAX RETURN

No one likes the stress involved when your tax return is under the audit spotlight. Here are some ideas to avoid some of the more common audit triggers. Report everything that has an informational tax return. If you are like most Americans, you will receive numerous 1099s, W-2s, and 1095s in the mail. The IRS Read More…

TOP 10 PROPERTY TAX MYTHS

Are you missing an opportunity to reduce your property tax liability? Nearly all local taxing jurisdictions, including municipalities, counties, and boards of education, generate tax revenue through the imposition of property tax, which is one of the most substantial sources of local government revenue. For many businesses, property tax is the largest state and local Read More…

FINAL REGULATIONS OF SECTION 199A

​​Final regulations regarding the determination of the Section 199A deduction have been issued. Summary On January 18, 2019, the Department of the Treasury (Treasury) and Internal Revenue Service (IRS) issued widely-anticipated final regulations concerning the deduction for qualified business income under Section 199A (the QBI Deduction). The final regulations were posted on the IRS website. Read More…

BKC CARES COLLECTIONS COMPLETED FOR THE SEASON

Thank you to everyone who contributed to our numerous “BKC Cares” charitable donation campaigns over the winter season.   We recently delivered our Code Blue collection of winter coats for the homeless in Salem County, NJ.  Read more about that collection here. Other collections include Holiday Gifts for the Hunterdon County United Way Holiday Hands initiative Read More…

RETIREMENT SAVINGS TAX DEDUCTIONS

With the loss of several itemized deductions under the new Tax Cuts and Jobs Act (TCJA) for many individuals, taxpayers are wondering where they can still find tax deductions.  One great place is with retirement savings.  The TCJA did not change the rules for retirement savings tax deductions.  In fact, many retirement savings deductions continue Read More…

BKC COLLECTING COLD WEATHER DONATIONS FOR CODE BLUE

BKC is currently seeking donations to support Salem County’s Code Blue Coalition. A Code Blue alert is declared whenever temperatures drop below the freezing point and weather conditions pose a danger to the homeless population. The Code Blue Alert allows authorities such as police, fire and rescue workers to take homeless people to local shelters or other agencies, Read More…

BKC BUSINESS BREAKFAST SERIES

BKC experts will be presenting in a six part business education series through the Hunterdon County Chamber Foundation Unity Bank Center for Business & Entrepreneurship starting January 23, 2019.  The series includes assorted topics such as tax, fraud and business strategy from the top professionals at BKC each with .  Registration is open for individual sessions at $60 or at Read More…