| Monthly Articles & News |
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| Filing Extensions Changing for Some |
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| 7/10/2008 |
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| The Internal Revenue Service has announced a change in the extended due date on certain business returns to help individuals better meet their filing obligations. The change, which reduces the extension period from six to five months, eases the burden on taxpayers who must report information from Schedules K-1 and similar documents on their individual tax returns.
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| Click to read entire article (opens PDF document in new window) |
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| NJ Reinstatement Made Easier |
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| 5/15/2008 |
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| The State of New Jersey has launched a new online service aimed at boosting business in New Jersey by allowing companies that have fallen into revoked or inactive status with the state to get reinstated more quickly. |
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| Click to read entire article (opens PDF document in new window) |
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| Changing the form of an entity |
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| 10/29/2007 |
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| The best entity form for a business may change as the enterprise matures, so periodic reviews should be made and the tax and other costs and benefits of converting an entity evaluated. This article examines changing an entity from a sole proprietorship to a corporation. |
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| Click to read entire article (opens PDF document in new window) |
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| Success In Succession Planning |
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| 7/31/2007 |
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| After overcoming a lifetime of obstacles to achieve their success, it is ironic that many successful entrepreneurs face their most difficult business decision near the end of their careers. |
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| Click to read entire article (opens PDF document in new window) |
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| Planning Social Security Benefits |
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| 7/26/2007 |
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| Social Security Administration statistics indicate that a majority of U.S. citizens elect to beging receiving Social Security benefits at age 62. |
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| Click to read entire article (opens PDF document in new window) |
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| Do You Need a New EIN? |
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| 7/26/2007 |
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| Generally, businesses need a new EIN when their ownership structure has changed. |
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| Click to read entire article (opens PDF document in new window) |
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| Nonspousal Beneficiary Rollover |
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| 7/24/2007 |
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| A nonspousal beneficiary rollover enables a beneficiary other than a spouse to roll over assets from a qualified employer-sponsored retirement plan to an inherited IRA, allowing the assets to continue their potential tax-deferred growth. |
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| Click to read entire article (opens PDF document in new window) |
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| Tax Savings From Hiring a Child in the Family |
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| 6/14/2007 |
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| As the owner of a business, you should be aware that you can save family income and payroll taxes by putting junior family members on the payroll. |
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| Click to read entire article (opens PDF document in new window) |
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| Prevent Loss of Tax Attribute at Death |
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| 5/24/2007 |
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| Most clients are aware of how proper planning during life can reduce or eliminate Federal or state estate taxes or state inheritance tax at death to the benefit of their heirs. |
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| Click to read entire article (opens PDF document in new window) |
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| Depreciation Dollar Limits for Business Autos |
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| 4/19/2007 |
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| IRS has released the inflation-adjusted deprecitation limits for business autos, light trucks and vans placed in service in 2007, and the annual income inclusion amounts for such vehicles first leased in 2007. |
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| Click to read entire article (opens PDF document in new window) |
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