Tax Strategy

Now is the Time to Start Preparing for Your Business to Be Sold

August 27, 2021

Here are key factors to consider as you prepare your business for a future sale.View

How to Determine ‘Reasonable Compensation’ in an S Corporation

June 29, 2021

In private companies, the shareholder(s) and/or their family members are often employees of the corporation. It is important for business owners to ensure that compensation paid to a shareholder-employee is reasonable.View

Potential Tax Law Changes Under the American Jobs Plan That Would Affect Individual Taxpayers

May 14, 2021

The passage of The Consolidated Appropriations Act and The American Rescue Plan were both geared toward stimulating the economy and providing pandemic-related financial benefits to businesses and individuals.View

Understanding President Biden’s $1.9 Trillion Economic Rescue Package

February 5, 2021

Here are highlights of the plan’s tax and government aid proposals that will impact small businesses as well as their employees.View

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