Mark Your Calendar - Important Dates...
- September 15th - Income tax returns for calendar year corporations on extension
- October 15th - Income tax returns for individuals on extension
- October 20th - NJ quarterly sales & use tax
- October 30th- Quarterly payroll returns
Have You Thought About Estate Planning For Your Elderly Parents?
No one actually looks forward to the topic of estate planning and taxes. But waiting until mom or dad is ready to enter into a nursing home will leave you trying to rush through a complex process. New Jersey is one of many states that has an estate taxand inheritance taxes that most people don't even know about.
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Many people pay estate taxes that could have been minimized, or at least planned for. For some, a good plan may call for elderly parents to start gifting to family members. On the other hand, I have seen some folks rush to get assets out of parent's names without understanding or taking into account potential capital gains and gift tax issues. Each family situation is different and could be quite complex.
There is a lot to consider! Planning ahead will make a huge difference to your family's finances. If you bring me into the scenario after the fact, it will certainly be too late. Give us a call TODAY so we can help you plan for tomorrow!
Timely Tips for Starting a Business
If you're contemplating an exciting new start-up venture, then understanding your tax obligation may not sound exciting. However, it truly is one crucial key to business success. When you start a business, you need to know about tax structures, income taxes, payroll taxes and much more. Can you use some help deciphering all this to your best advantage?
We love supporting our clients by helping them start off right, so please contact us if you are planning on starting a business.
Click below to discover 5 IRS tax tips that can help you get your business off to a good start.