Northfield NJ CPA – Tax, Accounting & Consulting Services (609) 641-4000 |
My parents gave me a gift of $100,000. How do I pay the taxes due?
The good news is that you don’t owe any taxes on gifts that you receive. Gifts are not considered income for either federal or New Jersey income tax purposes. However, if you are making a gift, contact your accountant about any reporting requirements.
For more than 110 years the Jewish Community Center has been a focal point of the Atlantic County community. We have been a place where families come together, Jewish culture thrives, children are cared for and their futures shaped. The Atlantic County community has...
March - Women's History Month As we celebrated Women’s History Month this past March, we took a moment to acknowledge within our own organization that we are fortunate to have a diverse and talented group of women who contribute their skills, expertise, and leadership...
On Tuesday April 23, 2024, the Federal Trade Commission (“FTC”) issued a final rule that prohibits making or enforcing non-compete provisions for the majority of employees. The rule is expected to be effective on or around August 21, 2024. On the effective date of the...
In the ever-evolving landscape of finance, digital assets have emerged as a prominent player, offering a decentralized and borderless alternative to traditional currencies and assets. However, as the popularity of digital assets grows, so does the need for clarity on...
The first time I became aware of a seller trying to defray the cost of credit card fees was some years ago when I was purchasing gas and saw that at this particular station the price was less when the payment was in cash. For many years in my universe that price...
Merriam-Webster dictionary defines artificial intelligence (AI) as the capability of computer systems or algorithms to imitate intelligent human behavior. A secondary definition is a branch of computer science dealing with the simulation of intelligent behavior in...