Tax Tips, Articles & More for Toms River Businesses & Individuals

"It's not what you earn, it's what you keep."

  • August 2020 Tax Tips

    August 2020Get a head start on your tax planning by reading about four new laws to help you in 2020. Also find out whether your business should incorporate and what you can do to increase the chances that your PPP loan is forgiven. Also included in this edition are mistakes to avoid when refinancing your mortgage.Please call if you would like to discuss how this information could impact your situation.   Read More...

  • July 2020 Tax Tips

    This month:July 4- Independence DayJuly 15- Individual income tax returns for 2019 are due- C corporation tax returns for 2019 are due- 1st and 2nd quarter 2020 estimated tax payments dueOther July 15 Deadlines- Gift tax returns- 2019 IRA contributions- 2019 HSA contributionsRemember, July 15 is now the tax filing due date because of the pandemic! It also means you may have a tax payment due on or before July 15. And if you have not yet received your federal stimulus check, this month's news...  Read More...

  • MAY TAX TIPS

    May 2020 TAX TIPSThis month:May 10- Mother's DayMay 15- Exempt organization tax returns dueMay 25- Memorial DayCOVID-19 uncertainty abounds for everyone. This month’s newsletter provides a round-up of tax-related laws to help with tax planning for 2020 as we all navigate the coronavirus pandemic. Also in this edition are ways to track your stimulus payment, tips to find cash, and how to protect your video conference meetings from unwanted visitors.Please call if you would like to discu...  Read More...

  • APRIL 2020 TAX TIPS

    April 2020This month:April 15 (Extended to July 15)- Individual tax returns due- C corporation tax returns due- First-quarter 2020 estimated tax dueApril 12- Easter SundayThe IRS rolled out deadline extensions and new programs to help individuals and businesses navigate the COVID-19 pandemic. A recap of these announcements is included here for your review. Also in this month’s edition is an interesting tax quiz to see if you can guess which states have the highest taxes!   Read More...

  • MARCH 2020 TAX TIPS

    NEWSLETTERMarch 2020This month:March 16- Due date for partnership and S corporation tax returns (Forms 1065, 1120S)Reminders- Daylight saving time begins Sunday, March 8The tax filing deadline is right around the corner! As you're busy gathering your tax documents or reviewing your tax return, included here is a caution concerning the security of IRS online applications and websites.If you're an independent contractor, there is an article outlining tips for surviving the world of self-em...  Read More...

  • February 2020 Tax Tips

    NEWLETTERFebruary 2020This month:February 14- Valentine's DayFebruary 17- Presidents' DayReminders- Collect all tax forms (W-2s, 1099s, others)- Set up tax appointment- Rebalance investment portfoliosThe 2019 tax filing season is in full swing. If you have not already done so, now is the time to collect your tax forms, organize your records and set a schedule to get your tax return completed.How to Take Advantage of the New Retirement RulesThe Setting Every Community Up for Retirement En...  Read More...

  • January 2020 Tax Tips

    January 2020 Tax TipsThis month:January 1- New Year's DayJanuary 15- 4th Quarter Estimated Payments DueJanuary 20- Martin Luther King Jr. DayStart tax planning for the new year- Adjust withholdings- Organize filing records- Schedule tax consultation- Rebalance investment portfolioWelcome 2020. A new year calls for a fresh look at your financial strategies.   Read More...

  • DECEMBER 2019 TAX TIPS

    NewsletterDecember 2019This month:December 22- Hanukkah beginsDecember 25- Christmas DayDecember 26- Kwanzaa beginsJanuary 15- 4th Quarter Estimated Payments DueTake final year-end actions- Deductible gifts- Capital gains/losses- Charitable giving- Dividend incomeMajor Charity Scam Red FlagsYou’ve probably already received several letters and phone calls from charities asking for donations. Most requests are from legitimate organizations. Some, however, are bogus charities set up by con ar...  Read More...

  • November Tax Tips

    November NewsletterNovember 2019This month:November 11- Veterans DayNovember 28- ThanksgivingNovember 29- Black Friday (shopping deals day)Reminder- Conduct year-end tax and financial planning2020 is coming quick — are you prepared? Take stock now and learn about the year-end moves that'll help you save. Plus, consider how the 2020 Social Security changes will affect your plans.   Read More...

  • October 2019 Tax Tips

    Newsletter October 2019This month:October 1- SIMPLE IRA plan establishment dueOctober 15- Extended individual and C-corp tax return filing deadlineOctober 31- HalloweenAutumn’s in full swing, meaning it’s time to start preparing for the busy months ahead. You can get ready by learning about the Form 1040 updates you’ll see this 2019 tax season. Call if you would like to discuss how this information relates to you.   Read More...

  • SEPTEMBER 2019 TAX TIPS

    Newsletter September 2019This month:September 2- Labor DaySeptember 16- 3rd quarter estimated tax due- Filing deadline for 2018 S corp and partnership returns that received extensionOctober 1- SIMPLE IRA plan establishment dueThe IRS Is Not Always RightA letter in the mailbox with the IRS as the return address is sure to raise your blood pressure. Here are some tips for handling the situation if this happens to you:Stay calm. Try not to overreact to the correspondence.   Read More...

  • August 2019 Tax Tips

    Newsletter August 2019September 2: Labor DaySummer is starting to wind down and the kids will soon be headed back to school. Now is a great time to review if you've had, or will have, any special taxable events this year. The first article highlights five taxable items that come as a surprise to many people.   Read More...

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