Opening A Solo 401(K)

Opening A Solo 401(K)

3 Reasons S-Corps Need To Open A Solo 401(K) Tax season can be a complicated and confusing time, but it can also serve as a wake-up call for ways you should be planning for your financial future. Perhaps you read about a type of tax-advantaged account that would have reduced your tax liability for this

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Earned Income Tax Credit 101

Earned Income Tax Credit 101

The Earned Income Tax Credit (EITC) is often misunderstood and underutilized for how much it can potentially benefit families. Learn more about the Earned Income Tax Credit and how to avoid common myths about it here!

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What Do We Know About the Pass-Through Business Alternative Income Tax?

What Do We Know About the Pass-Through Business Alternative Income Tax?

On January 13, 2020, Governor Phil Murphy signed S. 3246 into law. The new law is referred to as the “Pass-Through Business Alternative Income Tax Act” or “BAIT” Act. This law was passed in response to the Federal tax reform enacted in December 2017 which placed a $10,000 limitation on the itemized deduction for state and local taxes paid (“SALT”). New...

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Taking Care Of Your Small Business

Taking Care Of Your Small Business

The decision to start your small business was no doubt done with a lot of planning and thought. To ensure you are adequately prepared for any potential roadblocks which may be lurking ahead, keep reading.

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IRS Publication 535

IRS Publication 535

When it comes to your business expenses for tax deductions, you don’t want to ignore the IRS Publication 535. If you’re not yet familiar with IRS Publication 535, read on!

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Do You Know Your Net Worth?

Do You Know Your Net Worth?

For people who are trying to plan for their financial future, there are countless numbers, data points, and considerations to take into account. But one figure always seems to stand out the most, and that figure is your net worth.

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