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A Fresh Financial Start: Get Your Finances in Order in the New Year
The new year is a time of fresh beginnings, making it the perfect opportunity to reassess and organize your finances. Here’s a process that you can take on to help you in 2025: 1. Assess Your Current Financial Situation Gather all your financial statements, including...
Getting Organized: 2024 Taxes
Happy 2025! This year we will again be implementing a deadline for all our individual tax return clients to provide us their tax documents in order for us to get our work completed by the original due date of April 15,2025. Please provide your tax documents no later...
Mastering the Art of Working *On* Your Business, Not *In* It
Running a business requires a delicate balance between day-to-day operations and long-term growth planning. The difference between working *in* your business and *on* your business is crucial to understand for your business to reach sustainable success. Working *in*...
What’s Happening at Capaldi Reynolds & Pelosi
New Team Members We are thrilled to announce the newest additions to our Capaldi Reynolds & Pelosi family! These talented individuals bring a wealth of experience and fresh perspectives that will undoubtedly strengthen our team. Donna Lutz- ControllerTri Linh...
An Update on Employee Retention Credit Claims
Did you claim the ERC (Employee Retention Credit) and are you still waiting for it to be processed? The IRS suspended processing of ERC claims submitted after September 14, 2023, amid allegations of widespread fraud. There is good news for the businesses that were...
Listen Up Employers, RetireReady is Here!
If you are a New Jersey employer with 25 or more employees, you may have received a notice that you are required to register your business with RetireReady NJ or certify that you are exempt. This program was established by the Legislature to help workers in the state...
Client Spotlight: Platt’s Beach House Furnishings
Platt’s Beach House Furnishings is a multigenerational business that first began in South Jersey in 1946. The business started as door-to-door sales in Atlantic and Cape May counties when Dave Platt Sr. moved his family from Philadelphia to Ocean City, NJ. By 1950,...
FTC Unsuccessful in Court Challenges of Non-Compete Agreements
The recent overturning of the Federal Trade Commission’s Non-Compete Clause Rule that would have rendered most non-compete clauses unenforceable has reignited debate over workers' rights and business protections. This decision, which preserves the ability of employers...
What Does the Future Hold for Social Security and Medicare?
Each year, the Trustees of the Social Security and Medicare trust funds provide detailed reports to Congress that track the programs' current financial condition and projected financial outlook. These reports have warned for years that trust funds would be depleted in...