Time for NQDC plan deferral elections

November 7, 2018

If you’re an executive or other key employee, your employer may offer you a nonqualified deferred compensation (NQDC) plan. As the name suggests, NQDC plans pay employees in the future for services currently performed.

Read More

Donate Appreciated Stock for Twice the Tax Benefits

October 31, 2018

A tried-and-true year end tax strategy is to make charitable donations. As long as you itemize and your gift qualifies, you can claim a charitable deduction.

Read More

Consider All the Tax Consequences Before Making Gifts to Loved Ones

October 16, 2018

Many people choose to pass assets to the next generation during life, whether to reduce the size of their taxable estate, to help out family members or simply to see their loved ones enjoy the gifts. If you’re considering lifetime gifts, be aware that which assets you give can produce substantially different tax consequences.

Read More

New Jersey Mandatory Paid Sick Leave Law to Take Effect on October 29, 2018

October 10, 2018

On Monday, October 29, 2018, the New Jersey Mandatory Paid Sick Leave Law, originally passed on May, 2, 2018, will officially be put into action. Under this law, all eligible employees are guaranteed to receive 40 hours of sick time per year.

Read More

529 Plans Offer Two Tax-Advantaged Education Funding Options

October 9, 2018

Section 529 plans are a popular education-funding tool because of tax and other benefits. Two types are available: 1) prepaid tuition plans, and 2) savings plans.

Read More

Charitable IRA Rollovers may be Especially Beneficial in 2018

October 2, 2018

If you’re age 70½ or older, you can make direct contributions — up to $100,000 annually — from your IRA to qualified charitable organizations without owing any income tax on the distributions. This break may be especially beneficial now because of Tax Cuts and Jobs Act (TCJA) changes that affect who can benefit from the itemized deduction for charitable donations.

Read More