If you have been to the WSOP this year, you have probably noticed many changes from past years. There are two new venues, larger rooms and new tournament chips. However, […]
If you have been to the WSOP this year, you have probably noticed many changes from past years. There are two new venues, larger rooms and new tournament chips. However, […]
The IRS announced it will increase the standard mileage rate to 62.5 cents per mile for business activities, a 4 cent increase from the earlier in the year, beginning on […]
Prior to 2021, Michigan was one of the few remaining states that did not allow recreational gamblers to deduct gambling losses on the state level (this includes losses related to […]
After an abbreviated event at the end of 2021, the World Series of Poker is back to its full slate of live and online events in 2022. Things will look […]
The Consolidated Appropriations Act, 2021 (the CAA, 2021) was signed into law on December 27, 2020 and is a further legislative response to the coronavirus (COVID-19) pandemic. The more than […]
The World Series of Poker for 2020 looks a little different this year! For now, gone are the days of crowded hallways filled with buzz and excitement. They have been […]
The CARES Act, which provides businesses temporary loan relief during the CoVid-19 outbreak, became law on March 27, 2020. It provides two loan programs, The Paycheck Protection Program (PPP) and […]
The “Coronavirus Aid, Relief, and Economic Security Act” or the “CARES Act” (“Act”) was unanimously approved by the United States Senate on March 25, 2020. On March 27, 2020, the Act was passed by the House of Representatives and signed into law by President Trump. Many small business owners are questioning how the Act will help them remain operational and if they will qualify for relief. While it is a fluid process, the questions that we are most commonly receiving are addressed below.
To learn more about the recently passed coronavirus rescue package, please see the following New York Times article. The New York Times is currently offering at no charge information related […]
WASHINGTON — Today the U.S. Treasury Department, Internal Revenue Service (IRS), and the U.S. Department of Labor (Labor) announced that small and midsize employers can begin taking advantage of two new refundable payroll tax credits, designed to immediately and fully reimburse them, dollar-for-dollar, for the cost of providing Coronavirus-related leave to their employees. This relief to employees and small and midsize businesses is provided under the Families First Coronavirus Response Act (Act), signed by President Trump on March 18, 2020.
Federal disaster loans for businesses, private nonprofits, homeowners, and renters is available from the U.S. Small Business Administration. Link provided below to access info on eligible disaster areas, the online application, and page to check application status.
January 8, 2016 Bitcoin became mainstream in 2014. It was the first year that major retailers started accepting the online currency and it was the first time many taxpayers learned exactly what it […]
In recent years, states have taken their lotteries online to boost ticket sales and increase profits. Georgia launched their online lottery program back in 2012, but last week, they rolled […]
It is no secret that the IRS will be completely understaffed for the upcoming tax season. I have talked about it before and am reminded whenever I call the tax […]
Great news for small-business owners, and accountants as well. The previously discussed repairs regulation, which would have cost small businesses time and money this tax season, has been simplified. Today, […]
It’s always fun when “You Can’t Do That” rolls around because it means that it is Friday and that I get to take a look at what people think they […]
Earlier, I gave a brief overview of the Premium Tax Credit and how it could affect your 2014 return. In the overview, I mentioned that there are two ways to […]
I have been a lifelong hockey fan. My son played hockey growing up, so I was always coaching or watching from the stands. We were both die-hard New Jersey Devils […]
This has been going around in the news the last few days, but I wanted to write a quick follow-up in case this affects you or someone you know. Last […]
I recently had a client ask me a few questions regarding her recent marriage. She had gotten married during the second half of the year and her new, married name […]
Being unemployed puts every taxpayer in a stressful position. Between trying to make ends meet and searching for a new job, the last thing many people are thinking about is […]
Max Scherzer recently signed an unprecedented contract with the Washington Nationals in which he will be paid $210 million over 14 years. Multiple teams were vying for one of the league’s […]
It is early enough in the year to start planning your tax return and determining the potential financial ramifications. Whether you will owe money to Uncle Sam at the end […]
Good news for poker players in Nevada! Today, AG Burnett, the Chairman of the Nevada Gaming Control Board, commented on SB 40 that was mentioned earlier this week. He said that […]
I was born and raised in New Jersey and it is where I opened my first practice. I still have an office in New Jersey, so any time a local story […]
