Keeping our clients updated with the latest regulatory changes and tips for continued success.

How Your Nonprofit Can Break Bad Budget Habits

September 30, 2022

Autumn is here and many not-for-profits are starting to think about their 2023 budgets. If your budget process is on autopilot, you might want to pause and think about changing…

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Is Your Construction Company a C corporation? Beware of “Unreasonable” Compensation

September 29, 2022

Many construction businesses are structured as a C corporation. If that’s the case for your company, you’re probably aware that C corporations usually prefer to classify payments to owners as…

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The Wide-Ranging Inflation Reduction Act Is Signed Into Law

September 27, 2022

Congress has passed the Inflation Reduction Act (IRA) and President Biden signed it into law on August 16. The $740 billion law contains many tax breaks and raises revenue through a…

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federal tax

Federal Tax News for Individuals

September 22, 2022

Read five headlines in Federal Tax News for Individuals.
1. Receiving Money from “Crowdfunding” May Come with a Tax Bill
2. Court Upholds the IRS Rejection of an Offer in Compromise
3. Beware of Various Tax-Related Scams
4. How the IRS Whistleblower Program Works
5. Is Your Hobby Actually a Business?

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NJ Announces ANCHOR Program – Property Tax Relief Benefit for Tax Year 2019

September 19, 2022

New Jersey announced a new Property Tax Relief Benefit, the ANCHOR Program, which replaces the previous Homestead Benefit program for Tax Year 2019. The Affordable New Jersey Communities for Homeowners…

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Year-End Tax Planning Ideas for Your Small Business

September 15, 2022

Now that Labor Day has passed, it’s a good time to think about making moves that may help lower your small business taxes for this year and next. The standard…

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