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

What am I Forgetting?

What am I Forgetting?

Spending a little bit of time thinking about your expenses for the year might lead to lower taxes. We often see taxpayers cheat themselves when it comes to the following: Medical expenses for themselves and their dependents. These are harder to deduct for federal...
Required Minimum Distribution

Required Minimum Distribution

Sadly, the money that we defer from taxes in our 401(k)s and IRAs during our working lives must eventually leave the shelter of the retirement umbrella whether we like it or not. What is a required minimum distribution? The discussion below is not relevant to...
A Little Planning Can Go a Long Way

A Little Planning Can Go a Long Way

By Clayton Himstedt, CPA, MBA The passing of a loved one is often a very difficult time in an individual’s life. In the case of a long term illness, the loved one has the time to inform family members of the estate assets and the proper distribution of those assets....
Estate Planning Is As Important As Ever

Estate Planning Is As Important As Ever

By Arthur M. Brown, JD, LLM, CPA Levine, Staller, Sklar, Chan & Brown, P.A. Many of our clients associate estate planning with tax planning. While estate planning is often driven by a desire to minimize estate tax, tax savings is only one aspect to consider....
To pre-pay or not to pre-pay?

To pre-pay or not to pre-pay?

To pre-pay or not to pre-pay? That was the question that was the topic of many discussions relating to taxes at the end of 2017.  However, it only scratches the surface of the issues resulting from the passage of the Tax Cuts and Jobs Act (Act).  Most, if not all,...