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A New Jersey restaurant audit can go far beyond reviewing tax returns. Auditors may compare POS records, bank deposits, credit-card receipts and vendor purchases—and may use a mark-on analysis to reconstruct sales when records are inadequate. Two restaurant audits we handled show just how much good recordkeeping can matter.
iling bankruptcy does not automatically mean losing your home. Learn how home equity, bankruptcy exemptions, your mortgage and the choice between Chapter 7 and Chapter 13 can determine whether you can keep your New Jersey home.
Your accountant says the business is profitable, but your bank account tells a different story. Where did the money go? Learn how receivables, inventory, equipment purchases, loan repayments, taxes, owner withdrawals and growth can leave a profitable business short on cash—and what to review before simply chasing more sales.
THE SHORT ANSWER: If an accountant or payroll company takes money that was supposed to be paid to the IRS, the business generally still owes the payroll taxes. The IRS may also charge penalties and interest, and certain owners or other responsible individuals may face personal liability.The business may have a claim against the payroll … Continued
You spent years building your business. You found the customers. Hired the employees. Paid the bills. Survived the slow months. Took the risks. And, in many cases, built something that supports not only your family, but your employees and their families. But what happens to that business if you die? For many New Jersey business … Continued
An IRS or New Jersey tax audit does not disappear because you ignore the notice. Learn what can happen when a business owner fails to respond, has missing records, misses deadlines, or has already closed or sold the business.
Your contractor is late. Your new floor is cracked. The business did not do what the contract required. Is that consumer fraud? Not necessarily. In New Jersey, breach of contract, negligent workmanship, and Consumer Fraud Act violations are different claims – and the difference can determine what you have to prove and what you may … Continued
A customer is unhappy. They demand a refund. Then comes the sentence that gets a business owner’s attention: “I’m suing you for consumer fraud.” In New Jersey, that threat should not be ignored. The New Jersey Consumer Fraud Act can expose a business to significant liability, including potential treble damages and attorneys’ fees when the … Continued
If you are sued in New Jersey, you usually only have 35 days to answer to avoid a default judgment learn more
You have 35 days to answer a debt complaint in New Jersey to keep your options open