Phil Murphy 2024 Why the Rumor Persists
It seems that the presidential election comes into discussion earlier each cycle. With the midterm elections half a year away, presidential hopefuls are starting to put together their structural and financial operations. New Jersey residents might want to pay attention, as the Garden State could become the springboard for candidates seeking the oval office. The […]
Reasons For Excitement About NJ Business Growth
New Jersey is a good place for business, and don’t let anyone tell you otherwise. Recent economic growth numbers, improved credit rating, increased investments, and a budget surplus are just a few reasons the business community should be excited about what’s next for NJ. Growing up in the Garden State, people learn from a young […]
Will NJ Businesses Get New Legislative Tax Cuts?
Two bills are currently going through the NJ State Senate that could halt the increase in the unemployment tax (UI) and reduce property taxes for businesses. S733 would combat the UI increase, and S330 would provide businesses some relief that homeowners recently received. As we discussed in a post this past December, New Jersey increased […]
Will NJ See a Gas Tax Holiday?
New Jerseyans and Americans across the nation are feeling the economic effects of the Ukrainian at the gas pump. The country has seen gas prices rise an average of $1.00 per gallon this month as markets respond to international uncertainty and President Biden’s executive order banning all Russian oil imports. While gas prices have been […]
Understanding What is the ANCHOR Property Tax Program
While the State Senate is making progress on addressing bracket creep to lower state income taxes, Governor Murphy just announced his own tax-cutting proposal yesterday. The Gov. announced that his 2023 budget proposal would include the ANCHOR property tax program. This would provide relief to owners and renters. Property taxes are a long-standing issue in […]
Learn About Potential New NJ Tax Cut
There are currently legislative discussions about changing New Jersey’s system collecting state income tax. As inflation has become a rising concern for citizens across the Garden State and the nation, some voices are trying to prevent taxpayers from getting hit with a silent tax. New Jersey is a great state for many reasons. We’ve got […]
New State Program Helps With Delinquent Mortgages
New Jersey has announced the new Emergency Rescue Mortgage Assistance program (ERMA). This program can grant up to a $35,000 forgivable loan to NJ homeowners who have fallen behind on mortgage or property tax payments due to the COVID crisis. Topics chosen for our blog often deal with information that pertains to business owners and […]
Save Money and Increase Profits With This Tax Credit
New Jersey business owners can save on their taxes through programs and subsidies if they know where to look for them. Unfortunately, information for these programs isn’t always well known or publicized, so it requires research to discover what’s available. NJ and the US have one major thing in common; state and federal tax codes […]
What is the NJ Plastic Ban? Avoid Fines and Know New Rules
New Jersey’s Ban on single-use plastics is going into full effect on May 4th, 2022. Foodservice and retail industries will be the most affected as a keystone of their service model, providing customers plastic to hold their food or goods, will soon be a fineable offense. For most New Jerseyians, this will be a minor […]
NJ Minimum Wage Increase Starts Jan. 1st
Business owners in the Garden State need to be aware that the minimum wage for many jobs will be increasing starting on January 1st. Most NJ workers getting paid minimum wage will see a full dollar increase in their hourly pay. This isn’t exactly breaking news, as this increase was signed into law by Gov. […]