2016 YEAR-END TAX PLANNING
2016 Year-end Strategies for Businesses & Individuals: Straddling Two Years of Significant Changes. Click to read here.
Articles
EVENT: QUICKBOOKS TRAINING AVAILABLE IN SEPT-16 & DEC-16
QuickBooks Basic & Advanced Training Courses have been scheduled for September and December 2016. Learn more about the seminars here and Register Today!
VALUATION DISCOUNTS WILL NO LONGER BE AVAILABLE SOON
Currently, valuations of interests in family controlled entities for federal gift, estate and generation-skipping transfers can be reduced by discounts saving significant tax dollars, but this will change soon. It may be too late after December 1, 2016 to take advantage of the more favorable rules currently in effect. Aggressive discounts were historically taken, thus Read More…
DOL OVERTIME RULE CHANGES – HIGHER EDUCATION
May 18, 2016 the Department of Labor (DOL) released its final changes to regulations governing overtime exemptions under the Fair Labors Standards Act (FLSA). Click here to read the DOL Overtime Rule Changes as they pertain to Higher Education. Please don’t hesitate to contact us to discuss how these changes impact your organization specifically.
DOL OVERTIME RULE CHANGES – NONPROFITS
May 18, 2016 the Department of Labor (DOL) released its final changes to regulations governing overtime exemptions under the Fair Labors Standards Act (FLSA). Click here to read the DOL Overtime Rule Changes as they pertain to the Nonprofit Sector. Please don’t hesitate to contact us to discuss how these changes impact your organization specifically.
DOL OVERTIME RULES CHANGES – GOVERNMENT
May 18, 2016 the Department of Labor (DOL) released its final changes to regulations governing overtime exemptions under the Fair Labors Standards Act (FLSA). Click here to read the DOL Overtime Rule Changes as they pertain to State & Local Government. Please don’t hesitate to contact us to discuss how these changes impact your organization Read More…
DOL OVERTIME FOR WHITE COLLAR WORKERS- OVERVIEW & SUMMARY OF FINAL RULE
May 18, 2016 the Department of Labor (DOL) released its final changes to regulations governing overtime exemptions under the Fair Labors Standards Act (FLSA). Click here to read the Overview & Summary of the Final Rule. Please don’t hesitate to contact us to discuss how these changes impact your organization specifically.
FORM 1099 REQUIREMENTS FOR 2015
The IRS and the State of New Jersey annually require the filing of a Form 1099-MISC for all payments of $600 or more to unincorporated (sole proprietors, partnerships, or limited liability companies) service providers during each calendar year. There is a late filing penalty of $50 per unfiled Form 1099 (the penalty increases to $260 Read More…
PROTECTING AMERICANS FROM TAX HIKES ACT OF 2015
Just before recessing for the holidays, the House and Senate passed the Protecting Americans from Tax Hikes Act of 2015 (PATH Act). The Act does considerably more than the typical tax extenders legislation seen in prior years; it makes permanent over 20 key tax provisions, including the research tax credit, enhanced Code Sec. 179 expensing, Read More…
WHAT TO DO IF YOU’RE AUDITED BY THE IRS
Each year the IRS will select for examination, a small percentage of all tax returns filed. The audit notification will occur more than one year after your tax return has been filed. This is obviously a stressful situation for you. Here are some suggestions to minimize that stress. Please note that these suggestions also apply Read More…
