The requirements for preparing and filing information returns, such as Forms 1099 and W-2, apply to all businesses, including owners of rental properties. Current IRS Regulations require that information returns be issued to all non-corporate businesses that provide goods or services, to your business or rental activity, aggregating $600 or more during the year. The Read More…
The requirements for preparing and filing information returns, such as Federal Forms 1099 and W-2, apply to all businesses, including Exempt Organizations. In fact, on page 5 of the Form 990, Return of Organization Exempt from Income Tax, there are questions that must be answered as to the number of Forms W-2, W-2G and 1099 Read More…
Funds deposited into qualified retirement plans, such as 401(k) plans and pension plans, and into traditional IRA’s are intended for retirement purposes. As a result, the IRS generally imposes a 10% excise tax penalty (in addition to paying regular tax on the amount of the distribution) from distributions from either type of plan prior to Read More…
Previously we detailed provisions of the Affordable Care Act that came into effect for 2014 for individuals, families, and small businesses. We’d now like to detail provisions of the Affordable Care Act that will come into effect for 2015 and 2016 for “large” businesses. Starting in January 2015, “applicable large employers” (ALE) must report their Read More…
There are certain provisions of the Affordable Care Act (universal health care) that came into effect for 2014. These provisions affect individuals, families, and small businesses. Starting in 2014, each individual must have either minimum essential health insurance coverage (in each month of the year), have a coverage exemption, or make a “shared responsibility” payment Read More…
Darlene Shaffer, a CPA, forensic and valuation expert with Bedard, Kurowicki & Co., CPA’s, has recently been appointed to the Board of the New Jersey Collaborative Law Group as a Member at Large. Darlene is trained in Interdisciplinary Collaborative Law and is also a member of the International Academy of Collaborative Professionals (IACP). Collaborative Law Read More…
Darlene Shaffer, a CPA and forensic and valuation expert with Bedard, Kurowicki & Co., CPA’s located in Flemington, New Jersey, participated in an all-day CLE Training Marathon on Election Day sponsored by the Hunterdon County Bar Association. Other panelists included Mary Ann Bauer, Esq., Rosalyn A. Metzger, Esq., Susan Friedman, LCSW, DVS, BCD and Robert Read More…
Identity Theft Seminar Friday, October 24, 2014 12:00 Noon – 2:00 PM Hampton Inn – Flemington 14-B Royal Road Flemington, NJ 08822 Many victims are unaware of their own victimization. Be able to spot the warning signs your data has been compromised. Know what to do if it happens to you. Learn online strategies to Read More…
The Flemington Food pantry is asking for help, as they are battling bare shelves. BKC is collecting nonperishable food items to donate by Monday, October 20th. Please see the recommended items list below, and drop off items in our entranceway at 114 Broad Street, Flemington, NJ, or deliver directly to the Flemington Food Pantry. Thank Read More…
On January 1, 2013, the U.S. Congress and President Obama agreed to retroactively extend certain tax breaks that had expired on December 31, 2011 for 2 years. These extensions gave both individuals and businesses these tax breaks on their 2012 and 2013 tax returns. However, due to recent Congressional inactivity, these tax breaks have not Read More…
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