Act Before March 6, 2018 to Reduce 2017 Estate & Trust Income Taxes

  • Mar 1st, 2018

If you are the executor of an estate or the trustee of a trust, you should know that egregiously high income tax rates apply to estates and trusts at very low levels of income. In 2017, for estates and trusts, the 39.6% income tax rate as well as the... Read More

NJ Honors our Veterans with Tax Savings

  • Feb 6th, 2018

New for Tax Year 2017. You are eligible for a $3,000 exemption on your Income Tax return if you are a military veteran who was honorably discharged or released under honorable circumstances from active duty in the Armed Forces of the United States by... Read More

Changes to 529 Plans -Start Saving for Jr!

  • Jan 25th, 2018

529 Plans – Does It Make Tax Sense to Contribute? There have always been huge benefits to saving for higher education using 529 Plans. While the contributions are not deductible, earnings in a 529 plan grow federal tax-free and will not be taxed... Read More

Should I Pay My Child Wages?

  • Sep 13th, 2017

Does It Make Tax Sense to Pay Jr? Your child probably knows a lot more about technology—from designing a website to posting on social media—than you ever will. At many family businesses, Junior may already be helping with a variety of digital and... Read More

Executor of Estate? Use our Executor Checklist as your Road Map

  • Aug 31st, 2017

The responsibilities of an Executor aren’t limited to deciding who gets which assets – it also means identifying all the decedent’s assets, and ensuring that the proper paperwork is filed with the IRS, the State and other agencies. To help you... Read More

Who will access your digital assets when you can’t?

  • Aug 29th, 2017

Proper Estate Planning Can Help Safeguard Your Digital assets An increasing number of individuals are utilizing online tools, including email, social media and other electronic applications. With a click of a keyboard, they can take care of everything... Read More

Own a foreign mutual fund? You may have a PFIC problem!

  • Aug 17th, 2017

PFIC is not a disease but, thanks to the IRS, if you’ve got one, you want to find a cure ASAP. If you own shares in a foreign-based mutual fund, you have a PFIC (Passive Foreign Investment Company). If you don’t do something about it, you are... Read More

Should I Pay my Spouse a Salary?

  • Aug 3rd, 2017

   It’s not worth the Taxes, Right? It is not uncommon for one’s spouse to work in the family business, whether as manager or in some other capacity. Assume that Nicole Neurologist owns a medical practice. Her husband, Josh, supervises billing... Read More

Payroll Tax Savings for NJ Employers- August Deadline

  • Aug 2nd, 2017

Did you check your NJ SUI rates? On July 28, 2017, the annual Notice of Employer Contribution Rates were mailed to all New Jersey employers. This is not a bill, but rather a summary of the way the NJ Department of Labor calculates your employer... Read More

Distribute by March 6, 2017 to Reduce 2016 Estate & Trust income taxes

  • Feb 20th, 2017

If you are the executor of an estate or the trustee of a trust, you should know that egregiously high income tax rates apply to estates and trusts at very low levels of income. In 2016, for estates and trusts, the 39.6% income tax rate as well as the... Read More

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