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.
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Attending college is an exciting period in many students lives. From learning new subjects, meeting new friends, joining clubs, and studying abroad, the perks of college are endless. However, despite the countless hours studying and having fun, students need to be aware of their tuition bill and how to wisely manage it. Here are 5 tips on managing student debt.
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Recently, there were changes made to the child tax credit that will benefit many taxpayers. As part of the American Rescue Plan Act that was enacted in March 2021, the IRS will pay half the credit in the form of advance monthly payments beginning July 15. Taxpayers will then claim the other half when they file their 2021 income tax return.
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As a business owner, staying on top of your tax obligations is one of the most important items to do. However, with the complexity of the U.S. tax code and new tax laws and regulations coming into effect each year, keeping up with the legal tax language can be a challenge.
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Whether accounting is your forte or not, it’s one of the most important areas to handle early and accurately. To help you kick off this new world of accounting for startups, Tobin & Collins is answering some of the most common accounting questions, so you’ll be well-positioned to avoid mistakes made by other startup companies.
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For businesses small and large, the importance and impact of proper accounting processes cannot be overstated. If you have an excellent service or a product that’s flying off the shelves, failing to track the money coming in and out can completely undercut any success you may be enjoying. Accounting practices allow you to gauge the health of your business, track important trends, and...
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Renting your vacation home out in New Jersey can provide many benefits, such as supplementing your regular income. But if you do choose to collect income from renting out your vacation home, you mustn’t forget about the tax impact when you file your annual taxes.
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While self-employment growth is invigorating to see, it’s crucial to learn about specific tax challenges that come with the work arrangement.
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If you own a business, it’s crucial you review your tax plan, evaluate how it’s working, and adjust where you see new opportunities throughout the year. As such, the mid-year tax planning process is imperative for thoughtful and forward-looking business leaders.
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In the United States, mutual funds are among the most popular financial tools for investors. Money is combined into a pool from investors to invest in stocks, bonds, and other security assets to create a diversified portfolio. Many small or independent investors utilize mutual funds because they are affordable and instantly enlarge their portfolio.
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Everyone wants to be a winner when they gamble or wager a bet. But, to be a winner, you need to pay your taxes on any winnings you receive. From Texas hold ’em, poker, and blackjack to sports betting, horse races, and slot machines, here’s everything you need to know about gambling and taxes.
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Although many students look forward to their newfound freedom away from home, they must remember to correctly fill out their financial aid forms to avoid delaying the start of their first semester.
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