Pass-Through Business Alternative Income Tax Act
On January 13, 2020, New Jersey Governor Phil Murphy signed into law NJ SB3246, the Pass-Through Business Alternative Income Tax Act, effective for tax years beginning on or after January…
NJ Minimum Wage Increase
The minimum wage in New Jersey increases to $10.00 for employers with six or more employees on July 1, 2019, in accordance with the state's minimum wage law. Incremental rate…
What You Need to Know About New Jersey’s Paid Sick Leave Law
Gov. Phil Murphy promised during his campaign that would sign a law guaranteeing an occasional paid sick day to people employed in New Jersey, and he has kept that promise.…
Governor Murphy Signs New Jersey Budget
Governor Murphy signed the budget for New Jersey's fiscal year 2019 late in the evening on July 1st after long negotiations with state legislators. Click here to read an outline…
Murphy signs order to crack down on employee misclassification
Governor Phil Murphy recently signed an order that established a task force to crack down on contractors who misclassify their employees as independent contractors. This practice is fraudulent, and companies…
Choice of Entity and the New Tax Cuts and Jobs Act
When President Trump signed the new Tax Cuts and Jobs Act in mid-December 2017, the changes created quite a stir for tax advisors as they hurried to gain an understanding…
Dentists, Entity Structure and the New 20% Pass-Through Deduction
Many healthcare practitioners are wondering how their practices are affected by the Tax Cuts and Jobs Act of 2017 and specifically, the 20% deduction for Qualified Business Income (QBI) for…
Schedule a 401(k) Check-up Today!
For a complimentary, no obligation fiduciary review of your company’s retirement plan, please give us a call. Don’t wait for the Department of Labor to come calling! Are your employees…
New Jersey Sales and Use Tax Rate Reduction
The New Jersey Sales and Use Tax will be reduced in two phases between 2017 and 2018. As of January 1, 2017 the Sales and Use Tax rate has been…