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Relief from Losses from Hurricane Ian
Many local taxpayers own homes and other property in the areas impacted by Hurricane Ian. In the wake of Hurricane Ian, the states of Florida, South Carolina, and North Carolina have been declared federal disaster areas. Individuals who have property that was...
Number of Cash Balance Pension Plans Triples in Past Decade
Why have the number of Cash Balance Pension Plans tripled in the past decade? For many successful professional practices and business owners, Cash Balance Pension Plans can significantly reduce tax liabilities and can accelerate the growth of owner’s retirement assets...
Client Spotlight: McMahon Insurance Agency
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...
New Policy for Tax Season
In order to maintain the traditional high quality of our tax services, we are finding it necessary to take steps to combat the tax deadline squeeze that has been resulting in recent years from the delay in form issuance and late tax law changes. This year we are...
Renting Your Home or Vacation Property
Many of our clients own and rent out homes they do not use full time as a residence, and even more are considering it based on the enticements of companies like Airbnb. Renting a property you use personally is somewhat different from renting a property that you do...
The SECURE 2.0 Act of 2022
The SECURE 2.0 Act of 2022 (the Act), enacted on December 29, 2022, builds on the SECURE Act of 2019, which increased the age of required minimum distributions (RMDs) and eliminated age restrictions for traditional IRA contributions. The legislation could help...
We’re Not All Work and No Play: News from Capaldi Reynolds
It's not all about number crunching at Capaldi Reynolds & Pelosi. We also take time to celebrate!We are happy to announce that Maria Wagner, one of our hardworking employees, has obtained her CPA license. We recognize Maria’s achievement and are proud to have her...
Digital Payment Scams Information
Digital payment platforms are becoming a more popular, quick, and convenient way to send money. As the use of P2P apps, such as Venmo, Cash App, and Zelle, continues to rise, unfortunately, so do the scams. Fraudsters are becoming trickier with their scam tactics in...
More from New Jersey…
New Insurance Requirement As of November 3, 2022, landlords and business owners in New Jersey are required to carry $500,000 in liability insurance for deaths or bodily injuries that may occur at their properties. For small, multifamily rental properties that are...