• Skip to main content
  • Skip to primary sidebar

  • Home
  • Services
  • Industries
  • About
  • Contact
  • Client Testimonials
  • Newsletter Sign-Up
  • Free Consultation

Expenses

Bank Failure Q&A and What to Do

March 17, 2023 by Joseph Belbol

After the collapse of Silicon Valley Bank, Signature Bank and the rescue of First Republic Bank, there are many questions about what happened and how you can protect yourself. Q&A: Why did Silicon Valley Bank Collapse? There are several reasons. We all know that there was a run on the bank, but let’s dig a […]

Filed Under: Budgeting, Business, Debt, Economy, Expenses, Financial, Investments, Taxes

Would This Have Predicted Bitcoin’s Peak?

December 9, 2022 by Joseph Belbol

Starting a few tax seasons ago, the IRS started to ask the question. “At any time during 2020, did you receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency?” What does this have to do with the price direction of Bitcoin? Let me explain. Tax preparers have to ask this […]

Filed Under: Budgeting, Business, Economy, Expenses, Financial, Investments, IRA, Retirement, Taxes

New Jersey Tax Breaks

October 28, 2022 by Joseph Belbol

There are several positive tax changes that NJ has implemented this year regarding education, child tax credits, and property tax relief. Education: A deduction of up to $10,000 of NJBest contributions, and a deduction of up to $2,500 of principal and interest paid on student loans if your gross income is $200,000 or less. You […]

Filed Under: Expenses, Financial, New Jersey Tax, Taxes Tagged With: business, Taxes

Know These 4 Economic Terms to Sound Like an Economist

May 20, 2022 by Joseph Belbol

Do you want to better understand what is happening in the economy and sound extra smart? Here are 4 terms you should know and understand. Inflation: Inflation is the decrease of purchasing power of your money. What used to cost $10 now costs $12 because your money is not as valuable. Good economists know that […]

Filed Under: Budgeting, Business, Debt, Economy, Employees, Expenses, Financial

How Many Returns Are Unprocessed by the IRS?

March 25, 2022 by Joseph Belbol

Can you guess how many tax returns are unprocessed by the IRS as of the middle of March? The number is 7 million unprocessed individual returns. It is taking the IRS more than 21 days to issue any related refunds and in some cases it can take 90 to 120 days. If there are any […]

Filed Under: Budgeting, Business, Debt, Economy, Expenses, Financial, IRS Resolution, New Jersey Tax, Taxes Tagged With: financial, IRS, Taxes

How Does the Recovery Rebate Credit Work?

March 4, 2022 by Joseph Belbol

The recovery rebate is a credit for taxpayers who either did not receive or received less than the full amount of their Economic Impact Payments. Here’s how it works for the 2021 tax year: Economic Impact Payments and plus-up payments were issued during 2021 from March through December. If you received the full amount of […]

Filed Under: Budgeting, Economy, Expenses, Financial, Taxes Tagged With: credits, Finances, IRS, Taxes

Your Refund Will Be Delayed Unless . . .

February 18, 2022 by Joseph Belbol

Your refund may be delayed if you don’t report this properly on your tax return this year: Unfortunately, some of the information sent to you may not be accurate. You need to do this instead: If you have children, then go to irs.gov/account to retrieve information regarding the Advance Child Tax Credit. Even if you […]

Filed Under: Budgeting, Business, Expenses, Financial, IRS Resolution, Taxes

Tax Deadline & Updates

March 19, 2021 by Joseph Belbol

You may have heard that the IRS extended the individual tax deadline by one month to May 17th, but there are important updates to know as follows: The deadline to file corporate taxes has not been extended and is still April 15th States are expected to extend their deadline, but we’ll have to wait and […]

Filed Under: Budgeting, Business, Debt, Economy, Expenses, Financial, New Jersey Tax, Taxes Tagged With: deadline, extension, IRS, Taxes

PPP Deadline Approaching

March 10, 2021 by Joseph Belbol

The deadline for the PPP loan is March 31st, so do not wait to apply if you qualify. Some tips are as follows: Apply through your existing bank You must have 300 or fewer employees Have already used or plan to use your original PPP funds Can demonstrate at least a 25% reduction in revenue […]

Filed Under: Budgeting, Business, Debt, Economy, Employees, Expenses, Financial Tagged With: PPP

Possible Extensions

March 4, 2021 by Joseph Belbol

There have been major challenges with being able to file tax returns, especially business returns, which are due soon on March 15th for s-corporations and partnerships. This relates to new tax laws, loan forgiveness, and delays with states approving tax forms and software. Additionally, New Jersey has new complexities with its new BAIT (Business Alternative […]

Filed Under: Business, Economy, Expenses, Financial, IRS Resolution, New Jersey Tax, Taxes Tagged With: delays, IRS, NJ, Taxes

Next Page »

Primary Sidebar

Search

Archives

  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • October 2022
  • May 2022
  • March 2022
  • February 2022
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • December 2016
  • November 2016
  • October 2016
  • June 2016
  • May 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • March 2015
  • February 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • August 2014
  • February 2014
  • October 2012
  • September 2012
  • August 2012

Categories

  • Budgeting
  • Business
  • Career
  • College
  • Debt
  • Economy
  • Employees
  • Estate Planning
  • Expenses
  • Financial
  • Healthcare
  • Insurance
  • Investments
  • IRA
  • IRS Resolution
  • Marketing
  • New Jersey
  • New Jersey Tax
  • QuickBooks
  • Real Estate
  • Retirement
  • Self-Development
  • Taxes
  • Technology
  • Time Management
  • Uncategorized

Copyright © 2023 · https://belbolcpa.com/blog