Northfield NJ CPA – Tax, Accounting & Consulting Services (609) 641-4000  | 

It’s time to think about 1099s

It’s time to think about 1099s

We get them from our banks, our retirement plans, and our brokers but are we ever required to issue a 1099? The 1099 series are information returns that report to the IRS various types of payments. This is then matched with the recipients’ reported income. In an...
CRP Staff: Actively serving the community

CRP Staff: Actively serving the community

The staff of Capaldi, Reynolds & Pelosi (CRP) is often found crunching numbers and burning the midnight oil, especially during the 1st quarter of the year. Sometimes, however, they do come up for air and when they do, they get involved in some very worthwhile...
REPEAL OF ENTERTAINMENT DEDUCTIONS

REPEAL OF ENTERTAINMENT DEDUCTIONS

The Tax Cuts & Jobs Act (TJCA) repealed the deduction for business entertainment beginning in 2018.  This includes expenditures for taking clients to sporting events and shows, and paying for season tickets for various sporting events.   Generally, any dues for...