RSS Feed 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? 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 Small Business: Understanding Payroll Expenses 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 Settling Tax Debt With an IRS Offer in Compromise If you owe money to the IRS, an offer in compromise could be the answer. Thu, 01 Jul 2021 09:00:00 -0500 Employee Relocation: What Happens to Your Home? 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 Advance Child Tax Credit Payments Start This Month 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 Explanation of 2021 Child Credit Thu, 17 Jun 2021 09:00:00 -0500 What are Estimated Tax Payments? 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 Tips to Help You Figure Out if Your Gift is Taxable 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 Tax Considerations When Selling Your Small Business 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 Expat Compliance With US Tax Filing Obligations 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 Changing Jobs? Don't Forget About Your 401(k) 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 SBA Issues Guidance on Second Round of PPP Tue, 19 Jan 2021 09:00:00 -0600 Simple 2020 Year-End Tax Planning Recommendations for Businesses Mon, 30 Nov 2020 09:00:00 -0600 State and Local Tax Work Around for Businesses Wed, 18 Nov 2020 09:00:00 -0600 What You Should Know About COVID Stimulus Payments 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 SBA Government Disaster Assistance Thu, 26 Mar 2020 09:00:00 -0500 SBA Government Disaster Assistance Thu, 19 Mar 2020 09:00:00 -0500 Refinance Your Mortgage 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 Drive Down Your Debt While the market is riding high, the time is right to drive down your debt! Wed, 19 Feb 2020 09:00:00 -0600 ICHRA Plans ICHRAâ??s New for 2020 Tue, 14 Jan 2020 09:00:00 -0600 Considerations & Consequences of Student Loan DEBT The following is an article detailing the unrealized consequences of student loan debt. Beware! Wed, 01 May 2019 09:00:00 -0500 NJ Minimum Wage Update 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 Padden Cooper 's Services Extend Beyond Taxes! 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 The Home Affordable Refinance Program is ENDING 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 Identity Theft - Be Vigilant! 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 Flood Insurance - Know Your Options This blog post raises awareness about the importance of flood insurance. Thu, 20 Sep 2018 09:00:00 -0500 NJ Sales and Use Tax will decrease 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 DOL Final Rule: Overtime Department of Labor's final rule for overtime. Thu, 08 Dec 2016 09:00:00 -0600 Get ready for tax season! It is time to start tax planning. What can you do between now and December 31st. Wed, 09 Nov 2016 09:00:00 -0600 The Residential Mortgage Application Process What you need to know about the Residential Mortgage Application Process Fri, 08 Jul 2016 09:00:00 -0500 Title Insurance - What is it? Why is it important? 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 Residential Mortgage Changes Coming October, 3, 2015 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 Congress wants to know how thieves stole tax info from IRS Congress launches inquiry into how identity thieves stole personal tax info from IRS website Fri, 29 May 2015 09:00:00 -0500 The Truth about Reverse Mortgages 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 IRS Scams and Fraud Alert Wed, 19 Nov 2014 09:00:00 -0600 Partner Brad Denn - New Medford, NJ Councilman Partner Brad Denn gets sworn in as the new New Medford, NJ Councilman. Mon, 27 Oct 2014 09:00:00 -0500 Politics and Friendship -How a Bill (Sometimes) Becomes a Law Thu, 10 Jul 2014 09:00:00 -0500 Let Us Help You Leverage What You Can Learn from Your Tax Return Mon, 31 Mar 2014 09:00:00 -0500 Seeking a Job? You May Be Able to Deduct the Expenses 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 The Personal Financial Plan Process (Part 1) So letÃ?¢??s get started on creating your personal financial plan! Mon, 24 Feb 2014 09:00:00 -0600 Identity Theft Seminar - Are you Protected Free Seminar Wed, 19 Feb 2014 09:00:00 -0600 Understand your Credit - How can you improve it Credit Score 101 Ã?¢?? the five components that make up you score. Thu, 13 Feb 2014 09:00:00 -0600 Will You Pay Higher Taxes on this Years Return? 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 Small Employer Health Insurance Premiums Credit, Does your business Qualify? 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 The Termination of Some Popular Credits and Deductions 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 Year-End Business Accounting Checklist 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 New Health FSA Rules for 2014 (how it will benefit you!) 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 What happens in the office during the holidays. Enjoy the Video Wed, 18 Dec 2013 09:00:00 -0600 A PERSONAL FINANCIAL PLAN - EVERYONE NEEDS ONE 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 Donations, Charitable deductions, and Great websites! 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 TAX BENEFITS OF RESIDENTIAL SOLAR 2013 thru 2016 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 Exit Tax for NJ residents 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 We are Growing!!! Our new Office building Thu, 27 Dec 2012 09:00:00 -0600 Don't be the best kept secret in town. 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 What's the Plan? 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 Top Five Worst Obamacare Taxes Coming in 2013 Of the twenty new or higher taxes in Obamacare, here are the five worst. Fri, 05 Oct 2012 09:00:00 -0500 The Tax Man Cometh to Police You on Health Care Tue, 10 Jul 2012 09:00:00 -0500 File Your 2011 Homestead Benefit Application by June 30th. 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 Complaints are Gifts 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 You don\'t know what you don\'t know... 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 Improvement is a Process, not an Event 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 FEDERAL & STATE TAX WITHHOLDING/LIABILITIES Payrol Instructions for Federal and State Tax Withholding/Liabilities Tue, 07 Feb 2012 09:00:00 -0600 Adoption Tax Credits & Exclusions 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 Setting goals starts with a vision... 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 Free Download! Tax-saving ideas you canÃ??Ã?¢??t afford to overlook in todayÃ??Ã?¢??s economy Tue, 15 Nov 2011 09:00:00 -0600 Mortgage Programs Currently Available for purchases and or refinances Mon, 19 Sep 2011 09:00:00 -0500 IRS Launches Smartphone App. Thu, 28 Jul 2011 09:00:00 -0500