Memo – Does Your CPA / Tax Preparer Keep Your Personal Data In The Cloud?
Your income tax data is the ultimate prize for an identity thief. Would you be shocked to learn that most CPAs store your tax data in the cloud and [...]
Interview – Tax Update with Chris Whalen, CPA and David Crossan, CFP, July 2019
Click the video below to listen to this informative interview with Chris Whalen, CPA & David Crossan, CFP Topics: Trump's First Tax Season Is Over. How Did He Do? NJ [...]
Memo – New York State Budget Summary of Sales Tax Changes 2019-2020
If you collect or are subject to NY State Sales Tax, please take a moment to review this important pdf memorandum from NYS. Click here to open the pdf [...]
Report – Reasons My Male Clients Left Corporate America
To listen to the podcast version of memo click here —> Podcast Version Since Trump was elected, there has definitely been an uptick in the number of meetings I have [...]
Memo – Real Estate Agents and Flippers! Zillow Is Coming For Your Income
To listen to the podcast version of memo click here —> Podcast Version First, a message to anyone looking to sell or buy a home. ALWAYS engage a quality Realtor. [...]
Memo – Real Estate Agents and Flippers! Zillow Is Coming For Your Income
To listen to the podcast version of memo click here —> Podcast Version First, a message to anyone looking to sell or buy a home. ALWAYS engage a quality Realtor. [...]
Memo – Waiting On A Tax Refund? Check The Status Here
You will need information to verify your identity to access your refund status on these websites. Federal Refund Status: If you need to check the status of your refund, you [...]
Memo – NJ Short Term Rental Owner? Using Airbnb, VRBO, HomeAway or TripAdvisor? Read On
To listen to the podcast version of memo click here —> Podcast Version Many of you already know that I've been heavily involved in the short-term rentals sales tax issue [...]
Memo – Married? Maybe You Should Be Single!
To listen to the podcast version of memo click here ---> Podcast Version No, this isn't marriage counseling! This memo relates to the status that you selected on your [...]
Interview – Tax Reform Update with Chris Whalen, CPA and David Crossan, CFP, Feb 2019
Click the video below to listen to this informative interview with Chris Whalen, CPA & David Crossan, CFP Topics: Is your refund lower? Don't believe your taxes have increased! SALT [...]
Memo – Refunds Lower? Most Likely It Does NOT Mean Your Taxes Have Increased
To listen to the podcast version of memo click here ---> Podcast Version Already have questions? Call me on (732) 673-0510. Many taxpayers are going to find that their [...]
Memo – Opportunity Zones Frequently Asked Questions
Already have questions? Call me on (732) 673-0510. Q. What is an Opportunity Zone? A. An Opportunity Zone is an economically-distressed community where new investments, under certain conditions, may [...]
Memo – The Government Shutdown and Your Taxes
To listen to the podcast version of memo click here ---> Podcast Version Already have questions? Call me on (732) 673-0510. I prepared this memo because I've been getting [...]
Tax Memo – Is Your S-Corp Saving You Taxes or Helping Evade them?
To listen to the podcast version of memo click here ---> Podcast Version Already have questions? Call me on (732) 673-0510. First, there are business coaches and consultants spreading [...]
Book Announcement – Be The Chocolate Milk Now Available
Do you dream of being an entrepreneur or know someone who does? Or do you want to be a better one? Do you sell what is perceived to be [...]
Tax Memo – Crypto Currency Year End Tax Planning
To listen to the podcast version of this memo, click here https://youtu.be/_b9zF8iDuAk To read my detailed memo on crypto first, click here https://tinyurl.com/y7slxsx7 Already have questions? Call me on (732) 673-0510 [...]
Tax Memo – See How Tax Reform (Tax Cuts and Jobs Act) Affects Your Business
The Tax Cuts and Jobs Act, enacted in December 2017, affects nearly every business and individual in 2018 and the years ahead. As a small business or self-employed taxpayer, you [...]
Tax Memo – Owe Back Taxes? Your Passport May Be At Risk
If you have seriously delinquent tax debt, IRC § 7345 authorizes the IRS to certify that debt to the State Department for action. The State Department generally will not [...]
Tax Memo – NJ Short Term Rentals Now Subject to Sales Tax & State Occupancy Fees
This law is repealed BUT - THIS WILL NOT BE RETROACTIVE TO 10/1/2018. Important Notice to Sellers and Purchasers of Transient Accommodations Amendments to the Sales and Use Tax [...]
Tax Memo – Tax Planning Is The Most Important Part of Financial Planning
To listen to the podcast version of this memo click here –> Podcast Version Of course the CPA you choose is the most significant professional choice you can make. ;-) [...]
Tax Reform Update – Child Tax Credit – In 2018, Millions More Are Now Eligible
Under tax reform, starting in 2018, each of your qualifying children may qualify for a Child Tax Credit of up to $2,000. That is double what it was in [...]
Interview – Tax Reform Update – Case Study – 100k Family of 4, Deduction Limitations, Mortgage Interest
Topics: Case Study - Family of 4, Two Parents, Two Children, 100K of wages, renters wondering if buying a home is worth it. SALT Deduction Limitations, Mortgage Interest, Home Equity [...]
Memo – Professional Relationship Inventory
All of us should have a REAL PERSON to contact in the significant areas of our lives shown below. If you have NO contact, or only a customer service [...]
Tax Reform’s Impact – Case Study #4
FACTS: Family of 4, Two Parents, Two Children, 100K of wages. In 2017 they were renters. This case study will analyze and compare the same financial facts based on the [...]
Tax Reform’s Impact – Case Study #1
FACTS: Family of 4, Two Parents, Two Children, 230K of wages, homeowners with itemized deductions. Are you concerned about how the new law will impact your family's or business’ [...]
New Tax Season Notes – Helpful Checklists And Filing Information
Hello and Happy New Year! Tax Season is here again! Tax Preparation Checklist OVERVIEW I prepared this checklist to assist you in gathering your end-of-year income tax information. [...]
Memo – NY and NJ Minimum Wage Changes for 2018
NOTE: If viewing this memo using a phone or tablet, use landscape mode. New Jersey: $8.60 an hour New York State: New York’s minimum wage rate depends on the geographic location [...]
Trump Tax Plan Final Version Issued – Highlights Inside
The House-Senate conference committee has issued their final version of the Trump Tax Plan. I expect this to become law when it finally comes to a vote before Christmas. [...]
Tax ALERT! – Hotmail Users Targeted For Tax Scam
RED BANK NJ — I am warning taxpayers of a new email scam targeting Hotmail users that is being used to steal personal and financial information. The phishing email [...]
Tax Memo – Have “Unreimbursed Business Expenses?”, Ask For A Raise Immediately
Many employees pay for business related expenses that their employer does NOT reimburse. These are called Unreimbursed Business Expenses and they are taken as a deduction on Schedule A, [...]