How to Survive an IRS Audit? Preparation!
GET IN TOUCH GET IN TOUCH Just the simple phrase, “IRS audit,” can be enough to trigger anxiety. For individuals and businesses alike, the thought of a relentless examination of your financial records with the threat of potential penalties looming overhead may send shivers down your spine. However, if you’re facing this prospect, the first…Read More
Accrual vs. Cash Basis Accounting: Your Comprehensive Guide
GET IN TOUCH GET IN TOUCH Are you struggling to determine the best way to track your business or personal financial transactions? Do you find yourself puzzled by the nuances of accrual and cash basis accounting? Whether you’re an individual taxpayer or a business owner, selecting the right approach is crucial. Good accounting is a…Read More
Large Capital Gains? Consider Investing in a Qualified Opportunity Zone Fund
GET IN TOUCH GET IN TOUCH In one sense, there are worse problems you could have than sitting on significant capital gains. Nevertheless, increased capital gains also mean increased capital gains tax — typically applied at a higher rate than other types of income, which can significantly reduce an investor’s returns and impact their overall…Read More
Tax Implications of Sports Gambling? Bet on It!
GET IN TOUCH GET IN TOUCH In the over four years since a 2018 Supreme Court ruling cleared the way for the legalization of sports gambling, over thirty states and Washington, D.C. have done just that — with much more likely to follow in the short term. With legal sports gambling at an all-time high,…Read More
What is the New Jersey Manufacturing Voucher Program?
What is the New Jersey Manufacturing Voucher Program? Who can benefit from the MVP? And how can manufacturing businesses apply? For answers to these questions and more, continue reading below.Read More
Cash Flow vs. Taxable Income: What’s the Difference?
Failing to understand the difference between cash flow and taxable income can significantly impact your financial planning and decision-making.
So, in this blog post, we’ll delve into more detail that will help you confidently navigate the nuances of this distinction.Read More
Unclaimed Property Risk: What Should Companies Know?
Noncompliance comes with substantial financial and reputational exposures, and, to make matters worse, UP compliance has been overlooked in the past. What’s more, every state has its own complex set of laws. That means even your accountant may be in slightly unfamiliar territory!
But you don’t need an accountant to add this one up: it’s time to get caught up on what your company needs to know about unclaimed property risk.Read More
Renewable Energy Incentives and the Inflation Reduction Act: What Taxpayers Need to Know
With the proper knowledge, taxpayers can take full advantage of the potential benefits of the Inflation Reduction Act.
In this post, we’ll dig deeper into the renewable energy incentives provided by the IRA and explore opportunities that could help you save money and make well-informed decisions at tax time.Read More
Tax Planning for LGBTQIA+ Individuals: 7 Key Considerations
Tax planning can be daunting for anyone, but for LGBTQIA+ individuals, there can be unique challenges and considerations to navigate.
That’s why it’s crucial for LGBTQIA+ individuals to have a solid understanding of tax planning considerations that specifically impact them.Read More
What Does New York State’s New $30M Matching Fund Mean for Startups
GET IN TOUCH GET IN TOUCH Whether you are a startup founder or an investor looking to support the next market-changing idea, securing the funds to grow and innovate is one of the earliest challenges any new company will confront. However, traditional sources of funding, such as venture capital and angel investment, can be challenging…Read More