SUMMER TRAVEL? ARE BUSINESS TRAVEL EXPENSES A TAX DEDUCTION?

SUMMER TRAVEL? ARE BUSINESS TRAVEL EXPENSES A TAX DEDUCTION?

I know you won’t be surprised if the answer to that question is “Maybe”.  It depends on your employment status and the nature of the trip itself. Employee business expenses are no longer an itemized tax deduction.  Therefore, travel expenses for a W-2 employee cannot...
Happy 2026! Tax Information for our Clients

Happy 2026! Tax Information for our Clients

This year we will again be implementing a deadline for all our individual tax return clients to provide us with their tax documents in order for us to get our work completed by the original due date of April 15, 2026. Please provide your tax documents no later than...
Cannabis Industry Update

Cannabis Industry Update

In December 2025, President Trump signed an Executive Order to accelerate the reclassification of marijuana from Schedule I to Schedule III under the Controlled Substances Act, a move that would lessen restrictions and penalties associated with the drug.  For tax...
How to Round in New Jersey

How to Round in New Jersey

What happened to the penny bowl that used to be a fixture next to almost any business’s cash register?  Gone, now that the cessation of penny production has led to a penny shortage.  As a result, New Jersey now allows, but does not require, businesses to round up or...