Rivero CPA

August 17, 2016

Beware of Tax Scams! The Internal Revenue Service has issued warnings of an increasing number of telephone calls from scammers claiming to be from the IRS.   Many are using strong-arming tactics, like threatening your arrest, to scare people into making payments or giving out their social ...

Read more »

Mark Your Calendar - Important Dates...   ·  NJ Sales and Use Tax second quarter - July 20 ·  Payroll Tax returns for second quarter- July 30 Extended Senior Freeze NJ Dept of Taxation has extended the filing date for the Property Tax Reimbursement (Senior Freeze) Program to October ...

Read more »

Some businesses may experience a summer slowdown, and if this is the case with your industry, then the summer is a good time to start on some tax planning, particularly for those self-employed.  It's a great practice to go over your six month results and project your estimated results through ...

Read more »

As a CPA, I've run across some very creative tax rumors and crazy assumptions. Some favorites: "If you create your New Jersey business and incorporate in Delaware or Nevada, you won't have to file or pay any state taxes." Sorry! You do need to file tax returns in the state in which you ...

Read more »

Federal income tax returns for individuals and partnerships are due by April 18. Extensions can be filed in order to give you time to get your records in order; however, there are no extensions for payment due dates.   Last minute scrambling? Here's what you need to know... 1. If you can't ...

Read more »

1. Get your refund earlier: The sooner you file your tax return, the sooner you will get your refund -- and the sooner you can plan how to spend it. In 2014 and 2015, the average refund was more than $2,700, according to the IRS. It can take up to 21 days to get your tax refund - and it is a ...

Read more »

Businesses: Information for reporting to employees/subcontractors need to be reported via W-2 forms to employees and 1099 forms to subcontractors. W-2 forms to employees  The forms are due to the employee by Jan. 31, 2016, and are due to the government by Feb. 28, 2016, if sending a paper ...

Read more »

Now is the time to get your tax deductible charity contributions in order. Here are some tax tips: Remember to get a written acknowledgment from a charity for each deductible donation (either money or property) of $250 or more. Check that the charity is eligible. Only donations to eligible ...

Read more »