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...
Maximize Exit Wealth: The Enhanced Power of IRC Section 1202

Maximize Exit Wealth: The Enhanced Power of IRC Section 1202

For business owners, the sale of a business that they started, operated, and grew is a monumental event that warrants strategic planning to maximize the net exit value. The amendments to Internal Revenue Code (“IRC”) section 1202, with the enactment in July 2025 of...
The Baby Boom is Now the Aging Boom

The Baby Boom is Now the Aging Boom

According to the Wall Street Journal, the US octogenarian population is expected to increase by 4 million over the next 5 years. The oldest “boomers” are approaching 80, and advances in technology and medicine mean that enjoying life well into one’s 90s is...
Navigating State Tax Nexus

Navigating State Tax Nexus

Introduction The Supreme Court’s landmark decision in South Dakota v. Wayfair, Inc. in 2018 transformed the landscape of sales tax compliance across the United States. Prior to this ruling, businesses were required to collect and remit sales taxes only if they...