The New Jersey Department of Labor quietly implemented new reporting requirements as of December 8, 2025 when employees are discharged, voluntarily quit or laid off. Don’t be caught off guard by the new requirements and make sure you are in compliance. Here is a sample notice from the NJ DOL outlining the new requirements: IMPORTANT […]
Accounting
Know These Upcoming Tax Due Dates
The IRS issued a 14-page tax calendar publication, which is useful for helping with insomnia. Instead of reading it, here are some relevant, upcoming due dates that you should be aware of: January 15th February 2nd (normally it is the 31st of January, but it falls on a Saturday this year) March 16th (normally it […]
Is That Tax Notice Real?
It’s frightening enough when you receive a notice from the IRS or a state’s taxing authority, but what’s worse is if it’s not from them, but some type of scam or misleading advertising. Here are a few ways to tell. Fine Print There’s a company that sends out annual report renewal notices that look like […]
Some Year-End Tax Moves for Your Business
Looking to make a few tax moves before the year is over? See if these apply to your situation. Review Your Entity Structure How is your entity structured? It is a sole proprietorship, LLC, s-corp, or c-corp. Now is the time to review it to make sure you are using the correct entity to protect […]
What Percentage of Individuals Will Now Itemize?
Under the OBBBA, what percentage of individuals will itemize starting with the year 2026? Take a guess. In recent years the percentage of itemizers has been around 10%. Now, that number will jump to approximately 14% according to the Tax Foundation for the year 2026. Make sure to subscribe to our weekly emails to receive […]
3 Ways to Get More Done
Ever feel like you just can’t get anything completed and there’s a lot of unfinished work outstanding? There are 3 simple tactics you can implement right now to get more done. Start It sounds surprisingly simple, but one of the most effective actions you can take is to get started. The reason is because many […]
Don’t Diversify Your Business
Diversifying your investments is a good idea, which virtually every financial advisor recommends doing. But what about diversifying your business? Adding More Products or Services If you add more products or services to your business then you can reach more customers, correct? That may seem to be the likely scenario, but this is what is […]
Changes to Charitable Deductions
There are some changes to be aware of regarding charitable deductions that will take place next year as follows: Above the Line Deduction You can deduct charitable contributions up to $1,000 or $2,000 if filing jointly even if you do not itemize. This deduction has been made permanent and was temporary a few years ago. […]
What’s Your Tax Bracket
The IRS just released the new tax brackets for the upcoming year, 2026. What will your tax bracket be? Married Individuals Filing Joint Returns and Surviving Spouses If Taxable Income Is: The Tax Is: Not over $24,800 10% of the taxable income Over $24,800 but not over $100,800 $2,480 plus 12% of the excess over […]
Is Your Occupation on the Qualified Tips List?
The One Big Beautiful Bill Act required the IRS to list qualified occupations that can exclude up to $25,000 of tips from their income. See if you’re on the preliminary list: Food and Beverage Entertainment and Events Hospitality and Guest Services Home Services Personal Services Personal Appearance and Wellness Recreation and Instruction Transportation and Delivery […]