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2020 Year-End Tax Planning Tips for Businesses

October 23, 2020 5:41 am Published by Leave your thoughts

This has been a turbulent financial year for individuals and businesses alike, thanks to the havoc wrought by the spread of the COVID-19 pandemic. As we approach the end of the year, it is more important than ever for businesses to focus on their tax planning. The tax strategies you employ could make a difference in your company’s viability moving forward and could help to get you on the right financial path heading into the new year. With this in mind, here are a few 2020 year-end tax planning tips for you to take into account for your company in... View Article


Choosing the Right Business Structure for You

October 15, 2020 9:56 pm Published by Leave your thoughts

So, you’re considering starting your own business. You’ve got the idea or the product. You’ve got the motivation. You’re two steps ahead of the game. Now, all you need is the right paperwork to make it all legal. That means figuring out how you’d like to structure your business. For those people who need some assistance with business structure planning in Union City, NJ, we’ve got you covered. The choices When you’ve being thinking about the kind of entity you’d like your business to be, you’ll have a small variety of options: Sole proprietorship: For those people who love complete... View Article


How to Choose the Right Tax Professional

October 1, 2020 9:56 pm Published by Leave your thoughts

Whether you’re the head of a multinational conglomerate or of a family of four, your finances are critical to your wellbeing. That’s why even the most upright Americans can break out into a cold sweat around tax time. You might think that it’s too early to begin choosing a tax preparer in Union City, NJ, but that’s simply not true. If you want to start saving big on your annual or quarterly taxes, you should enlist the help of a talented tax pro or accountant. With so many options at your fingertips, it can be tricky to determine which financial... View Article


Tracking and Reporting Your Missing Stimulus Check to the IRS

September 8, 2020 11:23 pm Published by Leave your thoughts

Believe it or not, there are some people who still, all these months later, have not received their first stimulus check. While lawmakers continue to mull over the possibility of a second stimulus check, there are plenty of Americans still waiting on their first payment and wondering what action they need to take to get that money into their bank accounts. The IRS sent out checks, direct deposit payments and prepaid debit cards to the vast majority of adults who qualified for the first stimulus payment this spring. If you did not receive yours yet, there could be a problem... View Article


What Happens if You File Your Taxes Late?

August 25, 2020 11:23 pm Published by Leave your thoughts

If you fail to meet the IRS deadline for filing your taxes, you could potentially be subject to late filing penalties, unless you have filed a request for an extension. Here’s an overview of what you should know about what could happen after filing taxes late in Union City, NJ. Getting an extension In general, it’s best to file your taxes as early as possible, both so you can get your hands on your tax refund and so you can address any issues that might arise in your tax return as you fill it out. However, should you find yourself... View Article


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