paddencooper.com RSS Feed https://paddencooper.com/ Take a look at our recent blog posts and client newsletter articles. en-us Thu, 01 Jul 2021 09:00:00 -0500 Thu, 01 Jul 2021 09:00:00 -0500 What Is the Net Investment Income Tax? https://www.paddencooper.com/newsletter.php#5 The Net Investment Income Tax tends to affect wealthier individuals, but in certain circumstances, it can affect moderate-income taxpayers too. Thu, 01 Jul 2021 09:00:00 -0500 https://www.paddencooper.com/newsletter.php#5 Small Business: Understanding Payroll Expenses https://www.paddencooper.com/newsletter.php#2 Whether you're a small business owner who is just starting or one who has been in business for a while - ready to hire an employee or two - here is what you should know about withholding, reporting, and paying employment taxes. Thu, 01 Jul 2021 09:00:00 -0500 https://www.paddencooper.com/newsletter.php#2 Settling Tax Debt With an IRS Offer in Compromise https://www.paddencooper.com/newsletter.php#4 If you owe money to the IRS, an offer in compromise could be the answer. Thu, 01 Jul 2021 09:00:00 -0500 https://www.paddencooper.com/newsletter.php#4 Employee Relocation: What Happens to Your Home? https://www.paddencooper.com/newsletter.php#3 Employees and small business owners often have questions about what to do with an employee's home - and what the tax consequences might be - when they move to a new job location. Here are some answers. Thu, 01 Jul 2021 09:00:00 -0500 https://www.paddencooper.com/newsletter.php#3 Advance Child Tax Credit Payments Start This Month https://www.paddencooper.com/newsletter.php#1 More than 36 million American families may be eligible to receive monthly Child Tax Credit payments starting July 15, 2021. Here's what families need to know. Thu, 01 Jul 2021 09:00:00 -0500 https://www.paddencooper.com/newsletter.php#1 Explanation of 2021 Child Credit https://paddencooper.com/blog.php?id=62 Thu, 17 Jun 2021 09:00:00 -0500 https://paddencooper.com/blog.php?id=62 What are Estimated Tax Payments? https://www.paddencooper.com/newsletter.php#5 Estimated tax is the tax paid on income not subject to withholding, such as income from self-employment, interest and dividends, rent, prizes and awards, and gains from the sale of assets. Tue, 01 Jun 2021 09:00:00 -0500 https://www.paddencooper.com/newsletter.php#5 Tips to Help You Figure Out if Your Gift is Taxable https://www.paddencooper.com/newsletter.php#3 If you've given money or property to someone as a gift, you may owe federal gift tax. There are, however, exceptions. Tue, 01 Jun 2021 09:00:00 -0500 https://www.paddencooper.com/newsletter.php#3 Tax Considerations When Selling Your Small Business https://www.paddencooper.com/newsletter.php#1 If you've decided to sell your business, you may be looking forward to lazy days ahead with plenty of cash on hand. The reality, however, is that without a tax planning strategy in place, you could be liable for capital gains and other taxes - leaving you with far less cash than you anticipated. Tue, 01 Jun 2021 09:00:00 -0500 https://www.paddencooper.com/newsletter.php#1 Expat Compliance With US Tax Filing Obligations https://www.paddencooper.com/newsletter.php#4 If you're an expat who has relinquished - or intends to relinquish - your US citizenship but still has US tax filing obligations (including owing back taxes), you'll be relieved to know there are IRS procedures in place that allow you to come into compliance and receive relief for any back taxes owed. Tue, 01 Jun 2021 09:00:00 -0500 https://www.paddencooper.com/newsletter.php#4 Changing Jobs? Don't Forget About Your 401(k) https://www.paddencooper.com/newsletter.php#2 One of the most important questions you face when changing jobs is what to do with the money in your 401(k) account. Making the wrong move could cost you thousands of dollars or more in taxes and lower returns. Tue, 01 Jun 2021 09:00:00 -0500 https://www.paddencooper.com/newsletter.php#2 SBA Issues Guidance on Second Round of PPP https://paddencooper.com/blog.php?id=61 Tue, 19 Jan 2021 09:00:00 -0600 https://paddencooper.com/blog.php?id=61 Simple 2020 Year-End Tax Planning Recommendations for Businesses https://paddencooper.com/blog.php?id=59 Mon, 30 Nov 2020 09:00:00 -0600 https://paddencooper.com/blog.php?id=59 State and Local Tax Work Around for Businesses https://paddencooper.com/blog.php?id=58 Wed, 18 Nov 2020 09:00:00 -0600 https://paddencooper.com/blog.php?id=58 What You Should Know About COVID Stimulus Payments https://paddencooper.com/blog.php?id=57 Here's our tax thoughts on COVID stimulus payments as we approach the close of the year. Tue, 03 Nov 2020 09:00:00 -0600 https://paddencooper.com/blog.php?id=57 SBA Government Disaster Assistance https://paddencooper.com/blog.php?id=56 Thu, 26 Mar 2020 09:00:00 -0500 https://paddencooper.com/blog.php?id=56 SBA Government Disaster Assistance https://paddencooper.com/blog.php?id=55 Thu, 19 Mar 2020 09:00:00 -0500 https://paddencooper.com/blog.php?id=55 Refinance Your Mortgage https://paddencooper.com/blog.php?id=54 Interest rates are at historical lows Consider refinancing a mortgage loan - it could help shore up your financial bottom line! Mon, 16 Mar 2020 09:00:00 -0500 https://paddencooper.com/blog.php?id=54 Drive Down Your Debt https://paddencooper.com/blog.php?id=53 While the market is riding high, the time is right to drive down your debt! Wed, 19 Feb 2020 09:00:00 -0600 https://paddencooper.com/blog.php?id=53 ICHRA Plans https://paddencooper.com/blog.php?id=52 ICHRAâ??s New for 2020 Tue, 14 Jan 2020 09:00:00 -0600 https://paddencooper.com/blog.php?id=52 Considerations & Consequences of Student Loan DEBT https://paddencooper.com/blog.php?id=51 The following is an article detailing the unrealized consequences of student loan debt. Beware! Wed, 01 May 2019 09:00:00 -0500 https://paddencooper.com/blog.php?id=51 NJ Minimum Wage Update https://paddencooper.com/blog.php?id=50 The NJ Minimum Wage Bill will increase the minimum wage in NJ over the next 5 years. Wed, 13 Feb 2019 09:00:00 -0600 https://paddencooper.com/blog.php?id=50 Padden Cooper 's Services Extend Beyond Taxes! https://paddencooper.com/blog.php?id=49 Padden Cooper offers its clients a service virtually no other CPA firm offers. Please check out this monthÃ?¢??s blog for details! Tue, 29 Jan 2019 09:00:00 -0600 https://paddencooper.com/blog.php?id=49 The Home Affordable Refinance Program is ENDING https://paddencooper.com/blog.php?id=48 The Federal Government is ending a consumer friendly program at years end. A public service announcement for Padden Cooper clients. Tue, 20 Nov 2018 09:00:00 -0600 https://paddencooper.com/blog.php?id=48 Identity Theft - Be Vigilant! https://paddencooper.com/blog.php?id=47 The following is meant to provide insight, tips and to raise awareness regarding Identity Theft. The below comes from spending many years in the financial business and attending identity theft seminars. This is not legal advice. Thu, 25 Oct 2018 09:00:00 -0500 https://paddencooper.com/blog.php?id=47 Flood Insurance - Know Your Options https://paddencooper.com/blog.php?id=46 This blog post raises awareness about the importance of flood insurance. Thu, 20 Sep 2018 09:00:00 -0500 https://paddencooper.com/blog.php?id=46 NJ Sales and Use Tax will decrease https://paddencooper.com/blog.php?id=45 Starting January 1, 2018, the Sales and Use Tax rate will decrease from 6.875% to 6.625%. Wed, 25 Oct 2017 09:00:00 -0500 https://paddencooper.com/blog.php?id=45 DOL Final Rule: Overtime https://paddencooper.com/blog.php?id=43 Department of Labor's final rule for overtime. Thu, 08 Dec 2016 09:00:00 -0600 https://paddencooper.com/blog.php?id=43 Get ready for tax season! https://paddencooper.com/blog.php?id=41 It is time to start tax planning. What can you do between now and December 31st. Wed, 09 Nov 2016 09:00:00 -0600 https://paddencooper.com/blog.php?id=41 The Residential Mortgage Application Process https://paddencooper.com/blog.php?id=40 What you need to know about the Residential Mortgage Application Process Fri, 08 Jul 2016 09:00:00 -0500 https://paddencooper.com/blog.php?id=40 Title Insurance - What is it? Why is it important? https://paddencooper.com/blog.php?id=39 Answer the common questions and more and clearly state why this product (Title Insurance) is needed when buying or refinancing property. Fri, 18 Dec 2015 09:00:00 -0600 https://paddencooper.com/blog.php?id=39 Residential Mortgage Changes Coming October, 3, 2015 https://paddencooper.com/blog.php?id=38 PLEASE be aware of these changes if you are buying, selling or refinancing a residential mortgage, primary residence. Sat, 03 Oct 2015 09:00:00 -0500 https://paddencooper.com/blog.php?id=38 Congress wants to know how thieves stole tax info from IRS https://paddencooper.com/blog.php?id=37 Congress launches inquiry into how identity thieves stole personal tax info from IRS website Fri, 29 May 2015 09:00:00 -0500 https://paddencooper.com/blog.php?id=37 The Truth about Reverse Mortgages https://paddencooper.com/blog.php?id=36 I have never been a proponent of reverse mortgages for many reasons â?? and this article highlights them. Thu, 15 Jan 2015 09:00:00 -0600 https://paddencooper.com/blog.php?id=36 IRS Scams and Fraud Alert https://paddencooper.com/blog.php?id=35 Wed, 19 Nov 2014 09:00:00 -0600 https://paddencooper.com/blog.php?id=35 Partner Brad Denn - New Medford, NJ Councilman https://paddencooper.com/blog.php?id=34 Partner Brad Denn gets sworn in as the new New Medford, NJ Councilman. Mon, 27 Oct 2014 09:00:00 -0500 https://paddencooper.com/blog.php?id=34 Politics and Friendship -How a Bill (Sometimes) Becomes a Law https://paddencooper.com/blog.php?id=33 Thu, 10 Jul 2014 09:00:00 -0500 https://paddencooper.com/blog.php?id=33 Let Us Help You Leverage What You Can Learn from Your Tax Return https://paddencooper.com/blog.php?id=32 Mon, 31 Mar 2014 09:00:00 -0500 https://paddencooper.com/blog.php?id=32 Seeking a Job? You May Be Able to Deduct the Expenses https://paddencooper.com/blog.php?id=31 Did you know that if you are trying to find work in your current occupation, the costs of your search, including expenses for preparing and sending resumes, employment agency fees and related travel expenses, should be deductible? Fri, 21 Mar 2014 09:00:00 -0500 https://paddencooper.com/blog.php?id=31 The Personal Financial Plan Process (Part 1) https://paddencooper.com/blog.php?id=30 So letÃ?¢??s get started on creating your personal financial plan! Mon, 24 Feb 2014 09:00:00 -0600 https://paddencooper.com/blog.php?id=30 Identity Theft Seminar - Are you Protected https://paddencooper.com/blog.php?id=29 Free Seminar Wed, 19 Feb 2014 09:00:00 -0600 https://paddencooper.com/blog.php?id=29 Understand your Credit - How can you improve it https://paddencooper.com/blog.php?id=28 Credit Score 101 Ã?¢?? the five components that make up you score. Thu, 13 Feb 2014 09:00:00 -0600 https://paddencooper.com/blog.php?id=28 Will You Pay Higher Taxes on this Years Return? https://paddencooper.com/blog.php?id=27 Recent tax laws have increased the highest income tax rate for individuals, raised the dividend income and long-term capital gains tax rates for wealthier taxpayers and made planning for the alternative minimum tax a little more complicated for some people. Fri, 07 Feb 2014 09:00:00 -0600 https://paddencooper.com/blog.php?id=27 Small Employer Health Insurance Premiums Credit, Does your business Qualify? https://paddencooper.com/blog.php?id=26 Since 2010, employers have been able to take a credit for the health insurance premiums they have paid for their employees. Starting in 2014, there are major changes to this credit and how it will be calculated. Fri, 31 Jan 2014 09:00:00 -0600 https://paddencooper.com/blog.php?id=26 The Termination of Some Popular Credits and Deductions https://paddencooper.com/blog.php?id=25 Did you know that while many tax rules are permanent, others are written to expire at some point in the future? These expiring items are often granted a temporary extension, but a significant number of popular Ã?¢??extendersÃ?¢?Ã? terminated at the end of 2013. Thu, 23 Jan 2014 09:00:00 -0600 https://paddencooper.com/blog.php?id=25 Year-End Business Accounting Checklist https://paddencooper.com/blog.php?id=24 As we end 2013 and look towards 2014, it is always good to take a quick assessment and make sure you are putting your business and yourself in a position for success in the coming year. Mon, 30 Dec 2013 09:00:00 -0600 https://paddencooper.com/blog.php?id=24 New Health FSA Rules for 2014 (how it will benefit you!) https://paddencooper.com/blog.php?id=23 On October 31st the IRS released Notice 2013-71 which relaxed the previous Ã?¢??use-or-loseÃ?¢?Ã? rule. These relaxed rules allow participants to carry over up to $500 per year, depending on their specific plan Thu, 19 Dec 2013 09:00:00 -0600 https://paddencooper.com/blog.php?id=23 What happens in the office during the holidays. https://paddencooper.com/blog.php?id=22 Enjoy the Video Wed, 18 Dec 2013 09:00:00 -0600 https://paddencooper.com/blog.php?id=22 A PERSONAL FINANCIAL PLAN - EVERYONE NEEDS ONE https://paddencooper.com/blog.php?id=20 As a CPA, I've had an opportunity to provide a wide array of valuable services for our clients over the years. Thu, 12 Dec 2013 09:00:00 -0600 https://paddencooper.com/blog.php?id=20 Donations, Charitable deductions, and Great websites! https://paddencooper.com/blog.php?id=19 Whether we donate our time to church, a childs rec team, or a large non-profit, we all would like to see more funds flowing to our favorite cause. Here are a few sites you can use or make your favorite organization aware of so they can start leveraging these fundraising platforms. Fri, 06 Dec 2013 09:00:00 -0600 https://paddencooper.com/blog.php?id=19 TAX BENEFITS OF RESIDENTIAL SOLAR 2013 thru 2016 https://paddencooper.com/blog.php?id=18 Most know that solar energy is Ã?¢??Green.Ã?¢?Ã? There is a common understanding that it helps the environment as a renewable energy source, but it is also Ã?¢??GreenÃ?¢?Ã? in how it saves $ MONEY. Thu, 21 Nov 2013 09:00:00 -0600 https://paddencooper.com/blog.php?id=18 Exit Tax for NJ residents https://paddencooper.com/blog.php?id=17 There is much confusion on the so called NJ exit tax. Local realtors have been advising our clients of an exit tax, except for the fact the tax does not generally apply to residents selling their homes. Sat, 16 Nov 2013 09:00:00 -0600 https://paddencooper.com/blog.php?id=17 We are Growing!!! https://paddencooper.com/blog.php?id=16 Our new Office building Thu, 27 Dec 2012 09:00:00 -0600 https://paddencooper.com/blog.php?id=16 Don't be the best kept secret in town. https://paddencooper.com/blog.php?id=14 If you sell a product, or service you can be assured of one absolute factâ?¦â?if people donâ??t know you exist they cannot do business with youâ?. Period. Mon, 12 Nov 2012 09:00:00 -0600 https://paddencooper.com/blog.php?id=14 What's the Plan? https://paddencooper.com/blog.php?id=13 Many people spend more time planning their vacations than they do the next 12 months of their business. Think about your last vacation, you planned where you were going, when you were going, how you would get there, what you would do while you were there and which day you would do which activities and more than likely estimated how much it would cost. That is a plan. Sat, 06 Oct 2012 09:00:00 -0500 https://paddencooper.com/blog.php?id=13 Top Five Worst Obamacare Taxes Coming in 2013 https://paddencooper.com/blog.php?id=12 Of the twenty new or higher taxes in Obamacare, here are the five worst. Fri, 05 Oct 2012 09:00:00 -0500 https://paddencooper.com/blog.php?id=12 The Tax Man Cometh to Police You on Health Care https://paddencooper.com/blog.php?id=11 Tue, 10 Jul 2012 09:00:00 -0500 https://paddencooper.com/blog.php?id=11 File Your 2011 Homestead Benefit Application by June 30th. https://paddencooper.com/blog.php?id=10 The IRS sent out a notice that you must file the 2011 Homestead Benefit Application by June 30th. Wed, 06 Jun 2012 09:00:00 -0500 https://paddencooper.com/blog.php?id=10 Complaints are Gifts https://paddencooper.com/blog.php?id=9 I get the strangest looks when I tell a client; Ã?¢??they should appreciate when a customer complainsÃ?¢?Ã?. Certainly, no one really likes anyone to complain, however... Wed, 09 May 2012 09:00:00 -0500 https://paddencooper.com/blog.php?id=9 You don\'t know what you don\'t know... https://paddencooper.com/blog.php?id=8 Most people have never reached their full business potential and it is impossible to know if you are performing at your peak unless you do those things that would generate those peak results. Wed, 04 Apr 2012 09:00:00 -0500 https://paddencooper.com/blog.php?id=8 Improvement is a Process, not an Event https://paddencooper.com/blog.php?id=7 If you are looking to improve any aspect of your business, or life; have a vision, develop a plan, implement the plan and stay on the plan long enough to see results. Sat, 10 Mar 2012 09:00:00 -0600 https://paddencooper.com/blog.php?id=7 FEDERAL & STATE TAX WITHHOLDING/LIABILITIES https://paddencooper.com/blog.php?id=6 Payrol Instructions for Federal and State Tax Withholding/Liabilities Tue, 07 Feb 2012 09:00:00 -0600 https://paddencooper.com/blog.php?id=6 Adoption Tax Credits & Exclusions https://paddencooper.com/blog.php?id=5 Have you or anyone you know adopted? If so there are some great tax benefits for you. Fri, 20 Jan 2012 09:00:00 -0600 https://paddencooper.com/blog.php?id=5 Setting goals starts with a vision... https://paddencooper.com/blog.php?id=4 The importance of Goal setting, and a step by step action plan to set goals and achieve goals. Sun, 15 Jan 2012 09:00:00 -0600 https://paddencooper.com/blog.php?id=4 Free Download! https://paddencooper.com/blog.php?id=3 Tax-saving ideas you canÃ??Ã?¢??t afford to overlook in todayÃ??Ã?¢??s economy Tue, 15 Nov 2011 09:00:00 -0600 https://paddencooper.com/blog.php?id=3 Mortgage Programs Currently Available for purchases and or refinances https://paddencooper.com/blog.php?id=2 Mon, 19 Sep 2011 09:00:00 -0500 https://paddencooper.com/blog.php?id=2 IRS Launches Smartphone App. https://paddencooper.com/blog.php?id=1 Thu, 28 Jul 2011 09:00:00 -0500 https://paddencooper.com/blog.php?id=1