Latest Accounting and NJ Tax News

Need a Small Business Accountant in NJ?

Need a Small Business Accountant in NJ?

As a small business owner, running your day-to-day operations requires your full attention. By the end of the day, the last thing you likely want to do is bookkeeping, taxes, and financial planning. To help keep your money on track, enlisting the assistance of a qualified accountant is vital to your success. Here’s Why Tobin

Learn More
Effects of US Infrastructure Bill 2021 on Cryptocurrency

Effects of US Infrastructure Bill 2021 on Cryptocurrency

On November 5th, the House of Representatives passed an infrastructure bill including legislation that could create tax issues for those involved in cryptocurrency trading. If signed by President Joe Biden, the bill could result in many cryptocurrency miners being deemed brokers due to an expansion of the definition of a broker under IRS rules. This would require cryptocurrency miners to...

Learn More
Saving vs Investing: Which Benefits You?

Saving vs Investing: Which Benefits You?

Saving vs Investing: Understanding What Works for You Not sure if you should save or invest your money? Many individuals often struggle with this notion of whether they should save vs invest their money. Throughout your life, you’ve likely found yourself setting aside a specific amount from your paychecks each week into your savings account.

Learn More
Investment Tips in Real Estate [Beginners Guide]

Investment Tips in Real Estate [Beginners Guide]

Are you seeking to get into real estate investing but don’t know where to begin? For investors interested in becoming the next real estate mogul, there are a few smart investment tips to keep in mind. But before we examine the best beginner investment tips in real estate, let’s look at why many individuals invest

Learn More
How to Diversify Your Portfolio Like a Pro

How to Diversify Your Portfolio Like a Pro

Diversification is simply assigning capital to financial instruments to reduce risk exposure. Investors can accomplish this by creating investment portfolios comprised of different types of investments that yield higher returns.

Learn More
What is a Long-Term Investment?

What is a Long-Term Investment?

Many investors question whether long-term investing is the right financial strategy as markets can potentially be very volatile and cause prices to change on security assets. While this can be the case, long-term investing has historically been shown to pay off better than short-term investing as the stock market tends to mirror economic growth and productivity over time.

Learn More
Why is Bookkeeping for Real Estate Investors Essential?

Why is Bookkeeping for Real Estate Investors Essential?

For real estate investors to be successful, they must never overlook the importance of keeping an accurate record of their daily financial transactions. To ensure the numbers are correct, enlisting the help of a trustworthy and reliable public accounting firm to handle their real estate business’s bookkeeping needs is vital.

Learn More
Tax Deductions for Your Home Office

Tax Deductions for Your Home Office

With more people working remotely, many have turned their homes into an office. This has left U.S. workers left with questions as to whether they qualify for a federal home office tax deduction. Let’s look at what you need to know about a home office tax deduction.

Learn More
Tobin & Collins