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IRS PROVIDES GUIDANCE ON 20% PASS THROUGH DEDUCTION

IRS Provides Guidance On 20% Pass-Through Deduction, But Questions Remain The Tax Cuts and Jobs Act — signed into law on December 22, 2017 — gave birth to a brand new provision: Section 199A, which permits owners of sole proprietorships, S corporations, or partnerships to deduct up to 20% of the income earned by the […]

New Jersey’s Paid-Sick-Leave Law: What Employers Need to Know

New Jersey’s Paid-Sick-Leave Law: What Employers Need to Know New Jersey has now become the tenth state to enact a statewide mandatory paid-sick-leave law. The New Jersey Paid Sick Leave Act was signed into law on May 2 by Gov. Phil Murphy and will go into effect on Oct. 29. Once effective, it will require […]

TRUMPS TAX REFORM PLAN

Trump’s Tax Reform Plan     President Trump signed the “Tax Cuts and Jobs Act” into law on Dec. 22. The Senate passed the bill on Dec. 20 by a party-line vote of 51 to 48; Sen. John McCain (R-Ariz.) was absent for medical treatment. The House passed the bill later in the day by a […]

Credit Freeze Guide: The best way to protect yourself against identity theft

Below is a quick reference guide on how to put a freeze in place with each bureau, followed by more information on the process, how to thaw your credit and more. How to freeze your credit with all three agencies TransUnion Online: Visit the Credit Freeze page here By phone: 1-888-909-8872 By mail: Request your credit freeze […]

Social Security Planning Tips

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 […]

Details and Analysis of Donald Trump’s Tax Plan, September 2016

Key Findings Republican presidential candidate Donald Trump’s tax plan would significantly reduce income taxes and corporate taxes, and eliminate the estate tax. According to the Tax Foundation’s Taxes and Growth Model, the plan would reduce federal revenue by between $4.4 trillion and $5.9 trillion on a static basis. The amount depends on the nature of […]

Equifax data breach: What you need to know

A huge security breach at credit reporting company Equifax has exposed sensitive information, such as Social Security numbers and addresses, of up to 143 million Americans. Unlike other data breaches, those affected by the breach may not even know they’re customers of the company. Equifax is one of three nationwide credit-reporting agencies that track and rate […]