The CARES Act – Summary of Tax Provision – Updated March 31, 2020March 31, 2020

Dear Clients, Business Associates and Friends: We hope that you are keeping yourself, your loved ones, and your community safe from COVID-19 (commonly referred to as the Coronavirus). Along with those paramount health concerns, you may be wondering about some of the recent tax changes meant to help everyone coping with the Coronavirus fallout. In …

7 Effective Tax Saving Tips You Need to Know: 2020 EditionJanuary 17, 2020

7 Effective Tax Saving Tips

April is tax season, and for some people that can be scarier than Halloween. The average American can expect to pay a little over $10,000 a year in taxes, or 14 percent of their household income. That’s a sizeable tax bill and one that many people would rather not have to shoulder. Fortunately, there are …

Overview of Provisions of the SECURE Act Affecting IndividualsJanuary 9, 2020

Senior couple meeting financial adviser for investment

Congress recently passed and the President signed into law-the SECURE Act, landmark legislation that may affect how you plan for your retirement. Many of the provisions go into effect in 2020, which means now is the time to consider how these new rules may affect your tax and retirement-planning situation. Here is a look at …

5 Reasons to Make the Switch to CurchinJanuary 7, 2020

5 Reasons to Make the Switch to Curchin

Whether you’re feeling lost in a large firm, needing more from a small firm, starting a new business or experiencing any of the other reasons why people change accountants, The Curchin Group can meet and exceed your expectations. As a mid-sized accounting firm that’s large on experience, we provide our clients with: 1. Personalized Service …

The 5 Keys to a Great Business Relationship with Your AccountantOctober 31, 2019

Construction worker greeting a foreman at renovating apartment.

Maintaining success in the A/E/C industry requires more than simply delivering on projects. Owners have tax planning, compliance, cash flow management, employee benefits, and many other financial controls to put in place alongside estate and succession planning. You need more than number crunching from your accountant, including: 1. Time Your CPA should invest in learning …

2019 Important Tax DevelopmentsAugust 19, 2019

Important Tax Developments

The following is a summary of important tax developments that have occurred in April, May, and June of 2019 that may affect you, your family, your investments, and your livelihood. Please call us for more information about any of these developments and what steps you should implement to take advantage of favorable developments and to …

What is Forensic Accounting? Everything You Need to KnowAugust 15, 2019

Spreadsheet bank accounts accounting with calculator and magnifying glass.

There are 3,483 forensic accounting offices in the US. In 2018, it was a $4 billion industry. Thanks to an uptick of fraud happening to businesses, forensic accounting continues to be a growing business. In fact, most businesses lose around 5% of their total revenue each year to fraud. Small businesses with fewer than 100 employees are particularly vulnerable. …

NJ Annual Report Filing Fee Increase: Quick Guide & AnswersAugust 13, 2019

NJ Annual Report Filing Fee Guide

A new bill, NJ A5607, effective June 30, 2019 has increased the annual report filing fees paid by NJ for-profit and non-profit business entities. Previous Annual Report Filing Fee (For-Profit): $50 New Annual Report Filing Fee (For-Profit): $75 Previous Annual Report Filing Fee (Non-Profit): $25 New Annual Report Filing Fee (Non-Profit): $30 Timing: The annual …

Are Your Federal Tax Withholdings Accurate?August 8, 2019

Paying income tax Image

It’s in the books—the first tax season under the Tax Cuts and Jobs Act of 2017, that is. We knew a lot of what to expect from the new tax law, but one aspect that upset many taxpayers was the epic failure of the updated withholding tables. In other words, employers didn’t withhold enough. So …