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
Incorporating Your Business: 10 Important Benefits to Understand
GET IN TOUCH GET IN TOUCH As you, no doubt, already know, entrepreneurship comes with no shortage of daily challenges. From managing finances and taxes to attracting clients to personal asset risk to legal liability and more, every aspect of building a new business requires careful attention. Your instincts tell you to make bold moves…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
How Does the Electric Vehicle Tax Credit Work in 2023?
GET IN TOUCH GET IN TOUCH Are you considering purchasing an electric vehicle in 2023? You’re not alone; the market for electric cars has expanded rapidly in recent years and is expected to continue growing dramatically over the coming decade as consumer demand surges. At the same time, while electric vehicles can be cheaper to…Read More
You Missed the Tax-Filing Deadline…Now What?
GET IN TOUCH GET IN TOUCH Tax Day has come and gone this year, and that hopefully means you filed your federal returns or requested an extension before midnight on April 18th. If you missed the deadline and did not request an extension, the time to take action is now. First, don’t panic. Missing the…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
7 Ways to Protect Your Business From Hackers During Tax Season
In this article, we’ll discuss some practical steps businesses can take to protect themselves from cyber threats during tax season.
By implementing these measures, business owners can safeguard their financial and personal data and keep their businesses running smoothly throughout tax season and beyond.Read More
Wait, Is There a Tax on Virtual Real Estate? Maybe.
In this article, we’ll explore the impact of the Metaverse on real estate to help you understand the potential tax implications of investing in the virtual real estate market.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