In December of 2017, the Tax Cuts and Jobs Act (“TCJA”) brought sweeping tax reform to the U.S. The U.S. moved from a worldwide tax system to a partial territorial tax system. The TCJA significantly changed the way the U.S. taxes foreign activities for businesses and individuals. New provisions, including
New Jersey Announces Tax Amnesty Effective Until January 15, 2019: Helpful Information for Businesses and Individuals with Unpaid/Unfiled New Jersey Taxes The New Jersey Division of Taxation recently announced that it will be conducting a tax amnesty program from November 15, 2018, until January 15, 2019. During this two-month window,
As you’re settling in for the holidays, and taking shelter from the winter weather with a warm fire and mug of cocoa, don’t forget to take one last look at your tax planning opportunities before the end of the year. The Tax Cuts and Jobs Act (TCJA) made major changes
Dr. Alan Beaulieu, nationally recognized economist from Institute for Trend Research (ITR) Economics, presented his economic forecast on November 7th, 2018 at the 19th Annual Manufacturing Seminar, presented by Barnes Dennig, Huntington Bank and DBL Law. Beaulieu is a principal, as well as the
I had a conversation with a business contact this week about making referrals, specifically, about using our relationship power to recommend and endorse other people and companies, who may be of value to those within our own sphere of influence. My discussion partner emphatically declared that he did not feel
The IRS has increased the annual 401(k) contribution limits for 2019. The annual contribution limit was increased $500, to $19,000. The catch-up contribution limit remains unchanged at $6,000, resulting in a total contribution limit of $25,000 for individuals over the age of 50. Additionally, the annual compensation limit was increased,