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Client Spotlight: Bayview Garden Nurseries
Bayview Garden Nurseries has been a trusted name in Southern New Jersey landscaping for more than seven decades. Founded in March of 1952 by Harry and Betty Cummings, the company began with a shared passion for plants and a desire to spend their days working outdoors...
Team Updates at Capaldi, Reynolds & Pelosi
Hands-on cocktail making with expert mixologist Rita on the Rocks left our employees with new skills, great stories and a refreshed sense of connection.Our employees bring the perfect mix of fright and delight to our annual costume contest.Thanks to the generosity of...
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...
Client Spotlight: Ozzie’s Luncheonette
If Longport could be said to have a landmark, that would be Ozzie’s. Ozzie’s opened in 1948 at the corner of 24th and Atlantic Avenue as a food market and a liquor store. Ozzie Lenzsch acquired the lots directly next door and opened the luncheonette in 1952. For...
Team Updates at Capaldi, Reynolds & Pelosi
Here's the round-up of recent happenings at Capaldi, Reynolds & Pelosi. Babies, Babies, Babies! CRP is excited to announce that three of our employees welcomed babies this summer! Congratulations to Steve Roff, Kelly Harris and Caitlyn Carter on your new bundles...
Adjusting to Life Financially After a Divorce
There's no doubt about it — going through a divorce can be an emotionally trying time. Now, more than ever, you need to make sure that your finances are on the right track. You will then be able to put the past behind you and set in place the building blocks that can...
Understanding Form 3520: Reporting Transactions with Foreign Trusts and Receipt of Foreign Gifts
Form 3520 is a critical IRS compliance document required for U.S. taxpayers who engage in certain transactions with foreign trusts or receive significant gifts or inheritances from foreign persons or entities. While it is an informational return (not a tax return...
The One Big Beautiful Bill Act
On July 4th, 2025 President Donald Trump signed the One Big Beautiful Bill Act (OBBBA). This bill has several important changes to various aspects of the tax regime. This article is a summary of the bill’s extension of expiring tax codes and updates for individuals,...
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...