New Jersey

How Much is the NJ Health Insurance Penalty?

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Although there are no longer Obamacare penalties at the Federal level starting 2019, the State of New Jersey has implemented its own penalties for 2019. What are some of the requirements, exemptions, and penalties regarding this new law? Requirements: The law requires you to have minimum essential health coverage or qualify for an exemption of […]

Did You Know that NJ Now Requires All Residents to Have Health Insurance?

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Starting this year, New Jersey is requiring all residents to have health insurance. Even though the Federal government has gone in the opposite direction, there are a handful of states that have their own mandates or are considering a mandate. What are some of the requirements, exceptions, and penalties regarding this new law? Requirements: The […]

Before You Buy a Business

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Businesses are bought and sold each day and some make better investments than others. Before you buy a business, here are a few things to make sure you make the right move: Why is the seller selling? There can be many reasons why a business is for sale, and some reasons are better than others. […]

Should You Buy a Home or Rent?

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Several years back when the real estate market was red hot, it was almost a no-brainer to buy a home. A year or two later your home appreciated by thousands of dollars and was worth much more than you paid for it. We all know that this is not true now, so does it make […]

My Customer/Tenant Didn’t Pay Me. Can I Deduct This on My Tax Return?

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I get asked this question a lot, mostly from business owners. The answer to this question is that it depends. First a quick accounting lesson of cash vs. accrual. I promise not to keep it too technical! If you are a cash basis taxpayer, then you record income or sales once you get paid, either […]

Time Management Tip for September 6, 2012

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There are numerous books on time management, and I have read several of them. Some ideas are great and can be implemented right away. Here is one idea to get time under control: Focus on the tasks that are most important first. It may sound overly simply, and it is, but it’s just not that easy. We […]