COVID-19 Update
March 19, 2020 In this ever-changing environment, all of us at LLI want to take a moment to reach out to you about our response to the COVID-19 Coronavirus. Be…
Treasury Secretary Announces 90-day Payment Extension for Most Taxpayers
Following President Trump's declaration of a national emergency, Treasury Secretary Steven Mnuchin stated at a press conference on March 17, 2020, that individuals can defer tax payments up to $1…
Coronavirus Response Act
Coronavirus Response Act Late Monday evening, the House passed the Families First Coronavirus Response Act. The expectation is that the bill will go to the Senate on Tuesday, March 17th.…
Tax Filing Reminder
We hope that you and your family are healthy and safe during this tumultuous time. The health and well-being of our loved ones and friends is our number one priority.…
Things to Consider in Times of Financial Uncertainty
The coronavirus has created a tumultuous financial environment. In times of uncertainty, you should consider taking the following steps to help you weather the storm: Secure a Business Line of…
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…