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: 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]](https://www.tccpa.net/wp-content/uploads/2021/10/tccpa-investment-870x490.jpg)
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
Many investors often look towards the stock market to invest their dollars. While this is a well-known investment strategy, it’s not suitable for everyone.
Learn More
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
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
Financial planning is an important tool to determine one’s current financial situation and discover how to achieve short- and long-term goals. With proper financial planning, you can wisely manage your finances and ensure you make the most out of your tax efficient strategies.
Learn More
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
Are you a business owner in New Jersey spending too much time on your books instead of your main service offerings? To ensure your time is well spent, outsourcing your accounting needs may be the right solution for you.
Learn More
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
As your parent grows older and you begin to pay more than half of their household expenses, you have the option to claim the individual as an elderly dependent. As a result, you’ll be provided with additional tax breaks.
Learn More
New Jersey residents that filed a 2020 resident income tax return with a tax balance due of $1 or more may be eligible to receive the “Middle Class Tax Rebate” beginning July 2, 2021. The rebate will be calculated automatically for eligible taxpayers when they file their 2020 NJ-1040.
Learn More