Please meet Antoinette Borkowski! She joined our team on September 8, 2021. “As a tax manager, I will be preparing and reviewing various types of tax returns and training our staff. I look forward to working with clients and assisting them with their business...
The pandemic foisted changes on society that reset the context for your company, its employees and professionals, but just because the crisis is over doesn't mean you shouldn't incorporate the changes you made into your future strategy. In responding to COVID-19, you publicly and unambiguously...
The IRS has extended deadlines for certain taxpayers affected by Hurricane Ida to file individual and business tax returns and make tax payments. The IRS, New Jersey and New York are offering tax relief to areas designated as disaster areas by the Federal Emergency Management...
Temporary relief due to expire in October On August 3, 2021, the New Jersey Division of Taxation announced that its COVID-19 temporary guidelines for establishing sales tax/Corporation Business Tax (CBT) nexus and income tax withholding liability in connection with teleworkers will expire on and after October...
Attaining S corporation status has certain tax advantages. S corporations are treated as passthrough entities for tax purposes and the protection of shareholder assets. However, the relief acts passed in response to the COVID-19 pandemic revealed some potential problems with how income passed to individual...
More money is coming to more families — and soon. That’s the main takeaway of the changes implemented to the Child Tax Credit (CTC) this year. As part of the March 2021 stimulus bill, the value of the credit as well as the age limit have...
Employers that provide full pay for employees who take time off to get and recover from a COVID-19 vaccination are eligible for a paid-leave tax credit. It is funded through an existing program under the American Rescue Plan Act (ARPA) that provides tax credits to...
Governor Murphy recently signed bills establishing more grant funds for small businesses in New Jersey. The programs include $25 million for microbusinesses (5 or fewer employees), $15 million for small businesses (6 to 50 employees), $10 million for child care centers, and $35 million for “food...
Governor Murphy recently signed two bills establishing more grant funds for small businesses in New Jersey. The money will be distributed through the New Jersey Economic Development Authority (NJEDA), which is expected to approve the program at its next board meeting on April 14. The EDA...
A dependent care FSA is a pretax benefit account used to pay for services such as day care, preschool, summer camps, and before or after-school programs. Funds may be used for expenses relating to children who are under the age of 13 or incapable of...
