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New In New Jersey – Pay Transparency
P.L. 2024, CHAPTER 91 was passed last November but went into effect June 1, 2025. It provides new hurdles for employers, especially those advertising open positions. Who does the law apply to? Interestingly, government employers are not exempt. In the private...
Pleasantville Music Shoppe
Pleasantville Music Shoppe is one of the oldest mom and pop music stores in South Jersey. My dad, Gaston Ragno, at 20 years old, purchased the business on a handshake and a promise to pay when he could from his boss who wanted to retire. Over the years there were a...
Good News from Social Security
President Biden signed the Social Security Fairness Act into law in January of 2025. This law will have the effect of increasing the entitlement to Social Security benefits to as many as 3.2 million people who receive public pensions based on employment when Social...
I’ve Been Scammed
With luck, those words will never leave our mouths. The sad truth, though, is that crooks are getting smarter and it’s really hard to know what nefarious scheme they will come up with next. If you find yourself a victim, can you claim any kind of tax deduction for...
Tax Advantages of Managed Service Organizations (MSOs)
Certain potentially lucrative tax strategies exist under current tax law for Managed Service Organizations (MSOs). For MSOs structured as a flow-through entity, such as a partnership or S Corporation, noncorporate owners may be able to claim a 20% Qualified Business...
Medicaid and the Principal Residence
If you're a homeowner, your house is likely one of your most valuable assets—both financially and emotionally. However, if you require long-term care, such as a nursing home stay, and rely on Medicaid to cover the costs, New Jersey may place a lien on your home to...
What’s Happening at Capaldi Reynolds & Pelosi
Volunteering We recently volunteered at South Jersey Field of Dreams and had an amazing evening. We buddied up with special needs individuals for two innings of baseball. New Hires In recent months, we at Capaldi Reynolds & Pelosi, P.A., welcomed new staff! These...
Shareholders Running Afoul of the IRS
Many small businesses are taxed as S corporations because of tax benefits, such as the ability to avoid corporate tax on certain business earnings. Unlike C corporations, S corporations generally do not pay federal income taxes at the corporate level. Alternatively,...
Navigating Income Distribution in Medical Practices
Medical practices often face complex decisions regarding income and expense distribution among physicians. These decisions not only impact financial sustainability but also influence workplace dynamics and overall morale. This article delves into the essential...