Tax Strategy

Revisiting Non-Taxable Fringe Benefits in a Remote Work Environment

December 7, 2020

As an employer, it is vital to understand the rules surrounding taxable and non-taxable fringe benefits.View

Is New Jersey’s Budget an Anomaly or a Bellwether of Things to Come?

October 8, 2020

2020 has been a challenging year for state budgets. Business closures and stay-at-home orders have caused substantial decreases in income tax and non-income tax revenues. Yet even before coronavirus caused nationwide disruption to the economy, many states were struggling financially.View

Tax Housekeeping – Clean up your Tax Basis Balance Sheet to Uncover Immediate Savings

August 26, 2020

Planning for taxes ahead of a potential sale often takes place over several years.View

Don’t Let the IRS Drive Away With Your Tax Deduction! What You Need to Know About Business Vehicles

February 25, 2020

Here is an overview of the necessary information you should be aware of when deducting costs related to a business vehicle.View

Plan Ahead for Tax Considerations Involving the Sale of a Business

December 23, 2019

Having an idea of the potential sale structure scenario and after-tax proceeds can be a valuable planning tool during the lifecycle of business ownership.View

The Impact of the Wayfair Decision on Remote Sellers

October 25, 2019

By now, most businesses have hopefully heard of the Wayfair decision rendered by the U.S. Supreme Court. For those who have not, or who might have dismissed the decision as not applicable, the Wayfair decision basically rewrote the definition of nexus for sales tax purposes.View

Plan Ahead for Taxes When Selling a Business

June 27, 2019

When starting a new business or managing the operations of an existing business, having a general understanding of potential sale structure scenarios is a valuable planning tool that should be considered at inception and reviewed periodically over the lifecycle of business ownership.View

S Corporation Shareholder Compensation: What Should I Be Thinking About?

May 2, 2019

Here are a few considerations that should be evaluated when determining compensation payments to shareholders in an S Corporation.View

Potential Implications of New Business Interest Expense Deduction Limitations

March 1, 2019

The Tax Cuts and Jobs Act (TCJA) is generally viewed as providing opportunities to reduce Federal income taxes paid with respect to business activities. For the most part, that is true. However, there are some potentially negative components of the TCJA.View

Qualified Opportunity Zones Offer Potential Tax Benefits When Selling a Business

January 18, 2019

When owners are considering a sale of their business as an exit strategy, identifying how much will be remain after paying taxes can be a critical component of the decision processes.View