Jan 23, 2023 | Uncategorized
Some people take a vacation with their friends to celebrate their 40th birthday. Bill McMahon, Jr., and his wife, Sandy, purchased their own insurance agency for his 40th celebration. In 1981, Bill purchased Chattin-Halliday Insurance Agency in Ocean City and went to...
Nov 10, 2022 | Uncategorized
It’s not all about number crunching at Capaldi Reynolds & Pelosi. We also take time to celebrate! Congratulations! We are happy to announce that Maria Wagner, one of our hardworking employees, has obtained her CPA license. We recognize Maria’s achievement...
Aug 30, 2022 | Uncategorized
Charitable donations are not only beneficial for recipients, charitable donations benefit the ones donating as well. Mindful structuring of contributions can have tax advantages for the donor. There are a few ways to realize those advantages. Some are: gifts of...
Dec 5, 2019 | Personal Finance, Tax, Uncategorized
by Patrick J. McCormick When clients admit to a retroactive failure to meet filing requirements involving their offshore assets, the overarching question is typically the proper route for making a disclosure to the U.S. IRS. For a multitude of reasons, ‘‘quiet’’...
Dec 5, 2019 | Business, Tax, Uncategorized
I file a Sales & Use Tax every month based on my taxable sales. I never remit Use Tax. What is it? Generally, Use Tax is due on out-of-state purchases of goods or services that would have been subject to sales tax had they been purchased New Jersey on which either...
Dec 5, 2019 | Tax, Uncategorized
While due dates for individual income tax returns, Form 1040, and estimated tax payments will remain the same, there are new requirements that affect individuals. One of the most important new deadlines for individuals is the April 15 deadline to file the FinCen 114,...
