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Roth IRA Conversion
During the pandemic, the value of many traditional IRAs dropped with the decline in the stock markets, so it may be time to consider a Roth IRA conversion. Lower income in the conversion year could also be a factor in this decision, since the conversion amount could...
Highlights of The Inflation Reduction Act of 2022
President Biden signed this bill into law on August 16. Here are some of the more interesting provisions. For more information about any of these items, please contact us. Revenue Provisions Corporate Alternative Minimum tax of 15% which applies only to large...
Charitable Donations and the Benefits for Donors
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...
Past Market Declines
A war in Ukraine, inflation the highest it’s been in decades, ongoing supply chain constraints, and financial markets selling off for the first 6 months of the year has led to consumer confidence being the lowest ever recorded. As financial advisors, we are often...
Client Spotlight: The Law Firm of Cooper Levenson
The law firm of Cooper Levenson was originally formed in 1957 in Atlantic City, NJ with just two attorneys. Today, Cooper Levenson is a full-service law firm with 70 attorneys who practice in 25 practice areas. The firm has offices in five states. In New Jersey,...
New Jersey Tax Updates: The Fall 2022 Edition
Sales Tax Holiday As we are approaching “back-to-school”, many states have enacted sales tax holidays. As New Jersey is one of the states, this means sales & use tax on certain retail purchases of computers, school supplies, and sport or recreation equipment are...
Posters -Not Only For Dorm Rooms: New Requirements for Healthcare, Employers & Others
While end of summer activities may traditionally include the purchase of a poster or two for a college dorm room, some new requirements may warrant adding other posters to your shopping list. On August 3, 2022, New Jersey Department of Law and Public Safety announced...
Don’t Forget! Report Due Soon for Healthcare Providers
Reminder to all of the healthcare providers that received more than $10k from the Provider Relief Fund (PRF) during the Payment Received Period January 1, 2021 - June 30, 2021 you must log in and report to the Provider Relief Fund Reporting Portal prior to September...
Client Spotlight: Bunting Family Pharmacy
Josiah (Joe) Bunting is the owner of Bunting Family Pharmacy, an independent pharmacy in Northfield, New Jersey. Since 2008, Bunting Family Pharmacy has been providing quality health care and service to individuals in the local area. Joe is a dedicated professional...