Rivero CPA

  • Understand NJ's Shared Responsibility Act

    July 11, 2018

    Last year, the President signed legislation that repealed the “penalty tax” for not having health insurance for tax years beginning on or after Jan. 1, ...

  • Understand the New Law for Paid Sick Leave

    Paid sick leave is now the law in New Jersey.

    New Jersey has passed a paid sick leave law which preempts paid sick leave ordinances adopted by several cities and towns so there is now one uniform ...

  • How Divorce or Separation Impacts Your Financial Life

    Undeniably, divorce will have a significant effect on your life and especially your finances. There are around 800,000 divorces in the United States each year, according to the National Center for ...

  • IRS Grants Relief for Taxpayers Affected by Reduction of Maximum Deductible HSA Contributions

    The IRS recently announced relief for taxpayers with family coverage under a High Deductible Health Plan (HDHP) who contribute to a Health Savings Account (HSA).

     

    For 2018, taxpayers with ...

  • Updated Scam Alert

    The IRS recently warned of a new twist on an old phone scam as criminals use telephone numbers that mimic IRS Taxpayer Assistance Centers (TACs) to trick taxpayers into paying non-existent tax ...

  • Why Move Out?

    Millennials are on the move, but studies are finding ways they can be enticed to remain living in NJ.Redeveloping urban areas could assist in making the state more appealing. Almost 90 percent of ...

  • A Checkup for Your Paycheck

    For individuals receiving a traditional paycheck, when's the last time you took a close look at the numbers? With the popularity of direct deposit, paper paycheck stubs are a thing of the past, ...

  • Plan for a Better Year

    You survived another year’s tax filing — was the outcome what you expected? After looking at the results of this last year, and in light of the recent tax changes for this year, if ...

  • File Your Virtual Currency

    Income from virtual currency transactions is reportable on income tax returns. Virtual currency transactions are taxable by law just like transactions in any other property. The IRS has issued ...

  • Don't Fall For a Clever Scam

    Taxes are on our minds as we approach April. Whether you've filed yours yet or not, the scammers are out there, taking advantage of our concern for making sure everything is in good order.

    The ...

  • Good News in NJ for Veterans

    Beginning in the 2017 tax year, New Jersey will give an additional $3,000 exemption for military veterans. You are eligible to claim this exemption NJ state income tax return if you are a military ...

  • How Tax Reform Impacts You

    The Tax Cuts and Jobs Act brings a host of changes to tax returns for 2018. Highlighted are just a few of the new rules that may impact many of our clients. Please reach out to us to find out if and ...

  • Rules for NJ and Federal Property Tax Deductions Vary

    New Jersey taxpayers who prepaid one or two quarters of their 2018 property tax assessments at the end of 2017 need to be aware that the amount they can deduct on their federal tax return is not the ...

  • How Tax Reform Impacts Your 2017 Tax Returns

    The majority of the 2017 tax reform is effective after 2017. I’d like to explain important notes that will impact your 2017 tax returns.

    Medical Expenses

    Add up those medical ...

  • Are You Ready for the 2018 Tax Season?

    2018 tax filing season begins Jan. 29.

     

    Tax returns due April 17. The IRS set the Jan. 29 opening date.

     

    The IRS expects that the earliest date the ...

  • Minimizing Taxes Before Year End

    It's no secret that the new 2018 tax legislation will mean plenty of changes for us. Also, there are provisions of the law that are not being changed in the new legislation that do impact 2017 ...

  • No NJ Estate Tax!

    Did you know that the New Jersey estate tax has been repealed?

    The regulation was passed in the transportation bill in late 2016. Effective Jan. 1, 2018, the estate tax ...

  • Tax Relief for Hurricane Victims

    Disaster Tax Relief and Airport and Airway Extension Act of 2017:

     

    This bill modifies requirements for purchasing flood insurance and provides tax incentives for individuals and ...

  • New Rate for Business Travel

    If you or your employees are planning on traveling for business, you'll want to know that there are new per-diem rates for certain expenses, which are in effect from Oct. 1 2017 ...

  • Two Scams You Should Know About

    Scam Alert 1: Fake Donations

    It's a testament to the generosity of the people in our nation to want to pitch in and help those affected by a catastrophe. As we see all the destruction that ...

  • Reduce Summertime Costs

    Summer time may cause child care issues because younger children are out of school during times when the parents would be able to be at work. 

    "Many of my clients find themselves having ...

  • Surviving Multiple Generations Under One Roof

    We're back to 1950.

    Historically, we can point to periods in time when it was popular for generations of a family to share one home. Remember the TV show "The Walton's?" ...

  • Money Mistakes made by Milennials

    Millennials have grown up in a time of economic uncertainty. Are you financially prepared for job loss, illness or other emergencies that could have an impact on your financial ...

  • What's the Impact of Lower Corporate Tax Rates on Small Business and the Economy?

    Many of my small business clients ask how they can pay less in income taxes. As their accountant, I hear that all of the time.  I found this interview, which addresses this concern, of ...

  • Are You Aware of the New Tax Deadlines?

    April 18

    This year's federal filing deadline for individual returns is Tuesday, April 18th, not April 15th.
    Making a contribution to an IRA for tax year 2016
    Filing 2016 ...

  • Pennsylvania Offers Tax Amnesty

    If you reside in Pennsylvania and have struggled with past-due taxes, you'll want to hear this important news.

    From April 21 through June 19, 2017, the Pennsylvania Department of Revenue ...

TAP Into Another Town's News:

TAP Into Another Town's News:

Sign Up for E-News

Westfield

Westfield Firefighters Give Assist at Overnight House Fire in Garwood

July 12, 2018

GARWOOD, NJ - The Westfield and Clark fire departments were on hand to assist at a house fire early Thursday morning in Garwood.  The fire was in the upper levels of a vacant home on Willow Avenue, according to officials.

Clark Fire Chief Frank Cerasa confirmed that five Clark firefighters took one engine to the site. One witness reported seeing emergency responders from ...

Change The Early Morning Timing on Central Ave. Traffic Light

July 12, 2018

In connection with asking Union County to review the signal timing, PLEASE also consider the timing early in the morning. I frequently am heading south on Central to Metropark Station to catch the 6 a.m. train. Whenever I am at the intersection prior to 5:30 a.m., the timing is such that a green light (going south) lasts for less than the amount of time it takes to get one car through the ...

Upcoming Events

Carousel_image_ba9c4627da28fb176206_mini_magick20180618-30381-9jxo6y

Tue, July 17, 6:00 PM

Westfield Presbyterian Church, Westfield

Youth Mental Health First Aid

Education Health & Wellness

Carousel_image_ba183db7fcc1f0f9f274_1d4v9034a

Wed, July 18

Westfield Area YMCA, Westfield

Westfield Area YMCA Wellness Wednesdays

Health & Wellness

Carousel_image_6bb3683d2a03ed40d943_scan0046

Thu, July 19, 7:30 PM

Mindowaskin Park, Westfield

Free Swing Band Concert in Mindowaskin Park

Arts & Entertainment

Westfield Police Blotter: Car Scratchings, Car Burglaries Continue & More

July 11, 2018

July 2, 2018 11:37 p.m.

Chad Doriral, age 32, of Brooklyn, NY was arrested for possession of CDS pursuant to a motor vehicle stop. Subject was processed and released on summons.

July 3, 2018 11:08 p.m.

Divine Kennedy, age 19, of Newark, NJ was arrested on the strength of an outstanding warrant for his arrest from Westfield Municipal Court in the amount of $1,000.00. Further investigation ...

Westfield Memorial Library Presents Keepsake Box Craft for Adults and Talk on NY Skyscrapers

July 17, 2018

The Westfield Memorial Library is excited to offer a craft for adults on Wednesday, Aug. 1 at 2 p.m. and a program on the Skyscrapers of New York at 7 p.m. The library is located at 550 East Broad St.

The craft is the creation of a keepsake box, presented by librarian Marsha Bryant. The library will provide a tin box and other decorating supplies for each participant. Using paint, ...

Big Changes in Store for New Jersey’s Employers and Employees

Big changes are in store for New Jersey’s workplaces, with dramatic legislation aimed at improving conditions for New Jersey’s workers. These changes include the enactment of New Jersey’s Equal Pay Act, a new law to help the unemployed, and passage of New Jersey’s Paid Sick Leave Act. Most likely one or all these laws will impact you or someone in your family.

New ...

Understand NJ's Shared Responsibility Act

Last year, the President signed legislation that repealed the “penalty tax” for not having health insurance for tax years beginning on or after Jan. 1, 2019.

 

On May 31, Governor Murphy signed into law the “New Jersey Health Insurance Market Preservation Act,” which establishes a “shared responsibility tax” for state residents without ...

5 Simple Ways to Save Water this Summer

According to the L.A. Times, the average American uses an estimated 98 gallons of water EACH day.  

Here are five simple ways you can save water, to help you conserve water this summer and take some pressure off of your drains.

1. Unless you are using it, turn the faucet off. How many of us still leave the water running while we shave or brush our teeth?According to ...

26 Homes Sold July 8-15 in Westfield and Surrounding Towns

There were 26 homes sold between July 8 and July 15 in Westfield, Scotch Plains, Fanwood, Cranford and Mountainside`

TOWN          ADDRESS    STYLE            RMS   BRS BTH   GAR   Sale Price

Cranford  115  Bryant Ave ...

Dog Found in Garwood

UPDATE: Reunited with owner.

ORIGINAL POST: Dog found on Pine Avenue in Garwood. He was given food and water. Garwood police now has him. Sweet and friendly. Contact the Garwood Police Department.

It's Not What You Are Eating, It's What's Eating You

EMOTIONAL EATING: FEEDING YOUR FEELINGS

Emotional eating can be described as episodes of binge-eating, grazing and/or eating when not hungry to soothe feelings. Emotional eaters have a pattern of eating to cope with stress, emotional conflicts and problems of daily life.

Emotional eating is eating for reasons other than hunger. Instead of physical symptoms initiating the eating, ...

What Is Your Bottom Line?

This week's Parshah (Torah reading) is the Parshah of Pinchas the Zealot: the courageous young priest who stood up against idolatry and immorality and, in the end, saved Israel from a devastating plague.

While Pinchas' radical response made him a hero worthy of having a Torah section named after him, we wouldn't necessarily suggest to our children ...

'Servant of Two Masters' exudes foolish fun

‘Servant of Two Masters’ makes for foolish, frivolous fun

By Liz Keill

MADISON, NJ –Carlo Goldoni’s “The Servant of Two Masters,” in a rousing translation and adaptation by Bonnie J. Monte, has the outdoor audience at The Shakespeare Theatre of New Jersey laughing and clapping all the way through.

The yearly production, held at the amphitheatre on the ...

ELL Summer Experience at Westfield Public Schools

Westfield students representing six different languages recently enjoyed a weeklong summer camp focused on providing meaningful enrichment activities for students to continue their English language acquisition while having fun.

The ELL (English Language Learners) Summer Experience ran from July 9-13 at Wilson School, welcoming students in grades 1-4 whose native languages are Russian, ...

Westfield Area YMCA: Take Swim Lessions This Summer

The Westfield Area YMCA is providing a free one-week guest pass to non-members which will also enable access to purchase a week of swim lessons at full member rates during the summer.  The one-week guest pass includes use of the Y’s fitness facilities, land and water group exercise classes and open gym/swim.

“Our goal is to have people of all ages and skill levels grow to ...

Woman Struck by Car in Bridgewater Mall Parking Lot Dies

July 12, 2018

Bridgewater, NJ - A Bedminster woman has died from her injuries after she was struck by a car in the parking lot of the Bridgewater Commons Mall Monday.

Marion Kelley, 62, was struck by a vehicle while walking in lot four near the Macy's merchandise pick up area at around 3:20 p.m. Monday.

The 2017 Mazda was driven by Chinmayi Parikh, 33, of Piscataway.

The crash is still being ...

Obituaries

Eric Lieberman, 47, of Scotch Plains, passed away suddenly and unexpectedly Tuesday, May 22, 2018 ...
Read more