Tax Reform Update

Undoubtedly, most of you have seen the reports in the media and elsewhere with regard to the status of and specifics concerning the tax reform legislation that has worked its way through both Houses of Congress. There are many provisions in this legislation that could impact your income taxes for 2018 and beyond, and we […]

Equifax Hack – What You Should Know

Recently, 143 million Americans were affected by the security breach at Equifax from an online hacker organization.  While these hacks seem to occur more and more frequently, the widespread nature of this attack will most likely affect you or someone you know.  Below, we have summarized the steps you should consider taking to prepare yourself […]

New Jersey Employer Unemployment and Disability Tax Rates for the fiscal year 2017-2018

The New Jersey Department of Labor (“NJ DOL”) has begun mailing the New Jersey State Unemployment Insurance (“SUI”) and Disability Insurance (“TDI”) annual Rate Notices to all employers.  Upon receipt, a copy of this Notice should be provided to your payroll service provider.  These Rate Notices cover the fiscal year July 1, 2017 through June […]

New York Enacts Paid Family Leave Program

New York State has passed legislation that will require all private employers to provide employees with paid family leave. Insurance Options:  Employers will be required to purchase a paid family leave insurance policy or self-insure. The premium for the policy will be funded solely by employees through a payroll deduction. Maximum Contributions:  The premium rate […]

Details of the Recently Proposed Tax Reform Plan

Proposed Changes for Individuals: Consolidate the current seven income tax brackets into three, with rates on ordinary income of 10 percent, 25 percent, and 35 percent, although the income level at which these rates would apply was not announced Double the standard deduction, which would increase to $12,700 for single taxpayers, and to $25,400 for […]

Claiming Social Security at 70 may not always be the Best Choice

When it comes to Social Security, while delaying claiming until 70 is generally a good idea; it is not always the best choice. We can help you not only by “running the numbers” but by developing a detailed claiming strategy for you. Did you know that the much publicized “restricted filing” option has actually not […]

How to Maximize Your Social Security Benefits

For most Americans, Social Security is a significant retirement asset. Although an ideal retirement scenario does not depend solely on Social Security, the importance of Social Security as part of a comprehensive retirement plan cannot be ignored. Getting your arms around Social Security can be very complicated. Let us help you deal with the complex […]

Protecting Yourself against Tax-Related Identity Theft

Tax-related identity theft continues to be an ever-growing national crisis.  The Government Accountability Office (GAO) estimated that in tax year 2013, fraudulent tax refunds misdirected to identity thieves was about $5.8 billion and impacted over 2.4 million U.S. taxpayers.  Unfortunately, this fraudulent activity has continued to rapidly expand since 2013.  All taxpayers must be diligent […]

Social Security Planning Tips

More than two-thirds of Americans claim their Social Security retirement benefits early, many filing at age 62. Many people do not realize that they have given up a significant amount of future benefits over their remaining life. Claiming benefits early may also affect your survivor benefit amount. The most basic early eligibility requirements are that […]

Details and Analysis of the Trump Tax Reform Plan

NOVEMBER 10, 2016 Now that Donald Trump has been elected President of the United States, we thought it would be helpful in connection with your 2016 year-end and future tax planning to summarize the key proposals in his tax plan proposals made during the campaign. Changes to Individual Income Taxes: Consolidates the current seven tax brackets […]