Be Aware of IRS Tax Scams

As we welcome in a new year and many changes, we need to remain diligent of new tax scams pertaining to identity theft and refund fraud.  This is one reason NY State is now requiring your driver’s license number to file your State return. The IRS recently issued...

New Jersey Gas Tax Hike and Impact to Estate and IncomeTax

Governor Christie struck a deal with Democratic leaders of the New Jersey legislature on October 14 that will raised the gas tax but has corresponding sales, estate and income tax cuts to be phased in over the years.  Below is a synopsis: Increase the gas tax by $0.23...

Financial Planning Tips for the Fall

As Labor Day approaches, kids head back to school and football season kicks off, it is an essential time to get your finances in shape before year-end.  Implementing the following ideas can save you money and alleviate stress.  Think of it as Fall cleaning for the...

Professional Advisors Win with DoL Fiduciary Rule

The recent announcement by the Department of Labor (DoL) establishing a Fiduciary Standard for retirement accounts is a watershed moment for consumers and professional advisors.  The rule is a principles-based standard requiring advisors advising on retirement...

Tax Preparer Guide to Identity Theft

Everywhere you turn you hear more and more instances of identity theft.  As tax preparers, we see this when electronically filed returns are rejected because someone has already filed using a stolen Social Security number.    This is the start of a time-consuming and...