The Benefits of Outsourced Accounting
The Benefits of Outsourced Accounting
Outsourced accounting strikes some as risky – the financial equivalent of letting the valet park your car or someone else watch your kids. They don’t care the way I do. They’re too removed to spot…
Continue Reading3 Tips for Choosing a Business Entity
Entrepreneurs face formative decisions daily, but one decision in particular has serious implications for the future: choosing a legal structure, also known as a business entity. This decision determines…
Continue ReadingQualified Opportunity Zones: Guidelines for Developers
Congress designated Qualified Opportunity Funds in 2017 with a win-win goal: To spur growth in 8,700 distressed communities, known as Qualified Opportunity Zones, via investment vehicles offering attractive…
Continue ReadingIRS Alerts Taxpayers: Scammers Scheming Around Oct. 15 Deadline
The Internal Revenue Service is reminding taxpayers to beware of criminals who continue using devious tactics to steal money and personal information from unsuspecting victims, especially as the fall season…
Continue ReadingNJ Paid Sick Leave Law goes into Effect Oct. 29Th
The New Jersey statewide mandatory paid-sick-leave law will go into effect on Oct. 29. Once effective, it will require New Jersey employers of all sizes to provide up to 40 hours of paid sick leave per…
Continue ReadingNew Jersey Issues New Rules on Salt Workaround
The state Division of Local Government Services adopted regulations to implement a “SALT” deduction workaround that Gov. Phil Murphy and U.S. Rep. Josh Gottheimer (D-N.J.) introduced earlier this year…
Continue ReadingIRS & Treasury Propose Regulations on Salt Deduction Charitable Workarounds
The U.S. Department of the Treasury and the Internal Revenue Service issued proposed regulations providing rules on the availability of charitable contribution deductions when the taxpayer receives or…
Continue ReadingSmall Businesses get Automatic Consent for Accounting Method Change
The Internal Revenue Service issued guidance on new tax law changes that allow small business taxpayers with average annual gross receipts of $25 million or less in the prior three-year period to use the…
Continue ReadingIRS Ruling Allows 401(K) Student Loan Benefits
On Aug. 17, the Internal Revenue Service released a private letter ruling that could make it easier for employers to use their 401(k) plans to assist their employees who are repaying student loan debt…
Continue ReadingStates Respond to the US Supreme Court Ruling in South Dakota V. Wayfair
In South Dakota v. Wayfair, 1 issued June 21, 2018, the US Supreme Court overturned both its prior rulings in Quill 2 and National Bellas Hess, 3 finding that the physical presence nexus standard articulated…
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