Tax Time! President Biden and His Proposed Tax Plan: What It Will Cost and Who’s Going to Pay
The Biden Administration’s tax proposal as a part of the American Jobs Plan is causing some wealthier Americans to grow concerned that they could end up paying substantially more in taxes if this plan gets passed by congress. Even if you aren’t in a high-income tax bracket, don’t assume that you’ll escape this proposed reform […]
Deadline Alert! How Your Beautiful New Baby Could Put $3600 in Your Hands This Year and Other Things to Know About the Child Tax Credit
Have kids? Like an extra $300 a month to plan for their future? No, this isn’t some sort of late night infomercial, I’m talking about the updates to the child tax credit as a result of the American Rescue plan back in March. If this one slipped past you, don’t worry. With all you’ve been […]
Keep a Cool Head and Your Feet Beneath You: 3 Applicable Tips for Small-Business Owners in the Post-COVID world
There’s been a lot of very specific topics that I’ve been discussing in the blog recently, so I wanted to take a moment, step back, and look at the big picture. It’s easy to miss the forest but for all the trees in a normal year, so it’s completely understandable how it can feel like […]
Where’s My Tax Credit? The Status of Your 941-X Form and ERC Refund
The employee retention credit (ERC) is one of the updated tax laws that came into being as a result of the CARES Act in the beginning of the COVID crisis of 2020. The purpose behind this new tax break was to make keeping employees on the payroll a more attractive idea to business owners that […]
Ready To Reopen: What Business Owners Need to Know About Relaxed COVID Restrictions
More and more people are getting vaccinated, infection numbers are down, and the state has begun to open up in many ways it had closed down in response to COVID. In this post I’m going to discuss the new relaxed COVID restrictions business owners need to know about. Indoor dining, mask free, has returned. Concerts […]
Planning for Retirement as a Business Owner: Annuities, IRAs, and 401(k)s, Oh My!
After a couple weeks discussing retirement planning for your employees, let’s get to talking about your own retirement plans. It’s common for business owners to put this task on the back burner. Unlike those they employ, small to midsize employers don’t usually have someone walking up to them with a form to sign up for […]
The Future Starts Today: Choosing a Retirement Savings Plan for Your Employees
With the full implementation of the NJ Secure Choice Savings program not far away, it’s good to know your options when choosing a retirement plan 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 rules and […]
Information About the NJ Secure Choice Savings Program
The NJ Secure Choice Savings Program is a new law that will require most employers to provide their employees with a retirement plan. This bill was signed into law by Governor Murphy in 2019, and although it was scheduled to begin in March of 2021, the ongoing COVID crisis has delayed the full implementation of […]
Is There Going to Be Another Stimulus Check?
It seems like only yesterday that many millions of Americans received the greatly anticipated $1,400 stimulus check. Even with that being the case, there are already conversations occurring on Capitol Hill about the need for more direct stimulus to Americans. Is it going to be another $1,400? Will it take the form of recurring payments? […]
Information on Second Draw PPP Loans
The Small Business Administration (SBA) is The Paycheck Protection Program (PPP) has also begun a second round of loans/grants for qualified applicants. This is a program that could make or break economic survival for many business owners across the nation. The purpose of this article is to give you the necessary information to determine if […]