We are proud to announce that once again we will be exhibiting at the premiere annual event of the legal community — NJSBA’s 2024 Annual Meeting and Convention. On May 15 and 16 we will be located at Booth #306 at The Borgata Hotel, Casino &...
If you know in advance what common errors employers make with W-2s, maybe you can avoid those mistakes next year....
Establishing a trust is often a wise strategic decision, but at the same time, grantors should fully understand that income received via a trust is considered taxable income by the IRS....
Here are federal payroll tax rates & benefits contribution limits for 2024. Check with the necessary agencies for state/local rates....
Business owners should always operate from a position of strength. That’s why having at least a baseline business valuation is important....
As an American taxpayer, you’re entitled to a fair and impartial administrative appeal of most IRS decisions. This includes many IRS-related penalties. Essentially, it is within your rights to expect and receive a written response regarding the decision from the IRS Independent Office of Appeals....
At the end of every year, most businesses go through the process of filling out a Form W-2 for each employee, which can make for a very stressful time. The pressure of knowing that even the smallest of mistakes can result in costly consequences can...
Have you ever wondered how you’re supposed to determine whether your organization is eligible for exemption from federal income tax? The possibility of being tax-exempt is permitted under section 501(a) of the Internal Revenue Code....
When it comes to recordkeeping, manufacturing companies have a lot to contend with, such as accounting rules, making claims, tracking expenses for tax deductions, and maintaining viable employee records....
As a good rule of thumb, select a payroll process that doesn't require an advanced degree to implement. Refer to your provider and determine whether there is a self-service employee portal. That way, it's simple to view all paystubs and end-of-year tax forms when the...
