Government Entities

2023 Q2 Tax Calendar: Key Deadlines for Businesses and Employers

March 21, 2023

Here are some of the key tax-related deadlines that apply to businesses and other employers during the second quarter of 2023. Keep in mind that this list isn’t all-inclusive, so…

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5 Major Tax-Favored Retirement Plan Changes for Individuals under New Law

March 15, 2023

After months of negotiations, Congress finally passed the long-awaited Setting Every Community Up for Retirement Enhancement 2.0 Act (SECURE 2.0). This part of the omnibus funding package builds on the…

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Employers: In 2023, the Social Security Wage Base is Going Up

January 26, 2023

The Social Security Administration recently announced that the wage base for computing Social Security tax will increase to $160,200 for 2023 (up from $147,000 for 2022). Wages and self-employment income…

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Federal Tax News for Businesses

January 18, 2023

1. Court: Farmers Are Partially Allowed Depreciation Write-offs If you’re a business owner hoping to deduct asset depreciation from your gross income, it’s crucial to track the percentage of business…

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The Standard Business Mileage Rate is Going Up in 2023

January 13, 2023

Although the national price of gas is a bit lower than it was a year ago, the optional standard mileage rate used to calculate the deductible cost of operating an…

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Year-End Spending Package Tackles Retirement Planning, Conservation Easements

January 10, 2023

On December 23, 2022, Congress passed the Consolidated Appropriations Act of 2023. The sprawling year-end spending “omnibus” package includes two important new laws that could affect your financial planning: the Setting…

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Nisivoccia Announces January 2023 Promotions

January 3, 2023

Mt. Arlington, New Jersey (January 2023). We are pleased to announce that effective January 2023, Ryan Hynson, CPA, Andrew Kucinski, CPA, PSA, RMA, CFE and Mike Smith, CPA, were admitted…

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It’s Time for Businesses to Rethink Their Working Capital Practices

December 28, 2022

In today’s uncertain marketplace, businesses are being forced to re-evaluate their working capital needs. Some managers have learned the hard way during the pandemic that operating “lean” has its limits. What…

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What Do the 2023 Cost-of-Living Adjustment Numbers Mean For You?

December 27, 2022

The IRS recently issued its 2023 cost-of-living adjustments for more than 60 tax provisions. With inflation up significantly this year, many amounts increased considerably over 2022 amounts. As you implement…

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CMFO Roundtable – December 9, 2022

December 12, 2022

On Friday, December 9, John Mooney and Jon Rheinhardt hosted a CMFO Roundtable for municipalities to learn and discuss local and timely topics. We were pleased to welcome several guest…

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