How to Avoid Delayed 2022 Tax Returns
To avoid having their return delayed for weeks or even months, there are a couple of things taxpayers can do to ensure a speedy return. File as soon as possible, file electronically, and ensure your documents are completely free of any inconsistencies. While the IRS has stated that most 2021 tax returns should be processed […]
Increased Child Tax Credit Might Cost You in 2022
There’s no such thing as a free lunch, and nowhere is this truer than at the IRS. Earlier in the year, I wrote an article about understanding the increases to the child tax credit as part of the American Rescue Plan. It appears that for some Americans and New Jerseyans, it was too good to […]
The Latest News About Biden Vaccine Mandate
There has been confusion surrounding the Biden administration’s vaccine mandate since the President first announced it in early September of this year. We discussed this in a blog post immediately after it was announced. Sadly, but not surprisingly, the information we provided in September might as well be ancient history, as plenty has occurred in […]
Infrastructure Bill Brings ERC to a Close
With President Biden’s Signing of the Infrastructure Investment and Jobs Act (IIJA) on Nov. 15, employers’ ability to claim employee retention credits (ERC) for eligible wages paid after Sept. 30, 2021, has been retroactively eliminated. In the simplest terms, this means that employers will no longer be able to claim the tax credits they had […]
Back-to-Work Special: Return and Earn NJ
Over the last 18 months, there’s been a ton of discussion surrounding unemployment. This discussion has come from all sides, from the benefits provided to those out of work, the resulting New Jersey labor shortage, and the eventual end to extra UI benefits that occurred in August. For the most part, business owners have been […]
Gov. Murphy Lets Extra Unemployment End
Governor Murphy announced yesterday that New Jersey will not opt to use any of the 6.2 billion allotted to it by the American Rescue Plan to continue paying weekly benefits through the PUA and PEUC. This is a tricky topic to cover. While I’m sure no Monmouth County business owners wish for their employees to […]
4 Actionable Tips for Handling NJ Labor Shortage
If you’re in business in the Garden State, you know all about the current labor shortage that’s going on. Even if you’ve been unaffected personally, it’s probably something that’s not far from your mind, and it’s likely you know someone who has expressed difficulty finding bodies to run their business. Don’t complain about how unemployment […]
Is Remote Work Armageddon for Office Space?
The last couple years have shaken the business community to its core, even down to where “office work” is conducted. As many businesses closed their offices for COVID and worked from home, it became apparent that remote work was possible on a large scale, and many began to treat it as the new normal. While […]
What are the Different Types of Retirement Account?
With the full implementation of the NJ Secure Choice Savings program not far away, it’s good to know the different types of retirement account you can choose for your employees. While any plan will help your employees better prepare for their future, you’ll have to pick between different plan options. There are variations on the […]
COVID Sick Pay and Medical Leave in 2021
One of the biggest COVID concerns for employees and employers alike has been how to deal with the intersection of COVID and business. Everyone wants to be safe, but we also need to figure out how to do that without completely giving up on work. Extensions, expansions, and changes to Emergency Paid Sick Leave and […]