Why Is The IRS and New Jersey Tax Division Pestering The Business I Own?

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Every year, the IRS and State of New Jersey relentlessly pursue back taxes, and often, small business owners find themselves under the agency’s scrutiny. But why do business owners become prime targets for IRS back tax enforcement and State of New Jersey back tax enforcement? Let’s explore the key reasons behind this prioritization. A US … Continued

Deal with Back Payroll Taxes, Before the IRS does

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With the pandemic, many business owners struggled to keep aloat, including paying payroll taxes to the IRS, hoping the day would come when they could catch up but they never could. Not dealing with payroll taxes can result in jail time, fines and penalties and the loss of your business. The IRS has stated this … Continued

3 Things You Can Do to Snag a Lower Mortgage Rate:

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Mortgage rates are sitting near historic lows, which means if you sign up for a home loan today, you might spend less money on interest than you normally would. Here’s how to lock in as low a rate as possible on a home loan. Have a high credit score -Your credit score speaks to how reliable … Continued

4 Questions to Ask Before Filing for Bankruptcy

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It is important that you ask the right questions prior to filing bankruptcy. Below are important questions you should ask when considering whether to file. SHOULD I FILE BANKRUPTCY? Only you can answer this common question. While an attorney can explain the pros and cons of filing a bankruptcy and tell you which way they … Continued

Dealing with Credit Card Debt during Covid 19

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Over 110 million Americans have credit card debt with past due balances. As if Covid19 has not been stressful enough, the weight of this extra debt with either a loss in income or an uncertainty about future income can be overwhelming. While bankruptcy can help with that by potentially wiping it out, here are some … Continued

Tips on Starting a Budget

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Budgeting is very important in order to keep track of and manage your finances, so be sure to do what you can to do it well! Here are some tips on how to help yourself effectively budget. Having someone else to budget with can help out immensely to keep yourself responsible. Whether that person is … Continued

Saving and Investing Wisely

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One of the key pillars of financial freedom is saving and investing wisely. By adopting smart saving habits and making informed investment choices, you can set yourself on a path towards long-term financial growth and security. Here are three essential tips from our trusted financial advisors to help you save and invest wisely: Start Early … Continued

Having an Effective Talk with Your Loved Ones About Your Estate

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No one wants to think about not being here someday. But it will happen. Having an open and productive conversation with your loved ones is essential for creating transparency, trust, and ensuring your legacy goals are understood. By explaining your decision-making process and connecting it to your values, you can foster understanding and provide comfort … Continued

Money Savings Monday: 5 Tips to Maximizing Money

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Embarking on a journey towards financial security involves strategic and mindful choices. Here, we delve into five impactful ways to save money from Forbes, each offering a unique approach to bolstering your financial well-being. From maximizing employer benefits and curbing daily expenses to conquering credit card debt, these detailed strategies not only save you money … Continued

How a Budget Can Help You Get Ahead

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Budgeting is a very useful tool when it comes to managing your income. It can be a real trial to wrap one’s head around the usefulness, so here’s some ideas of its benefits. To start, budgeting gets you to become aware of where your money is going. You might think that you already understand it … Continued

Estate Planning Necessary for Blended Families

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Create a Stronger Blended Family Through Estate Planning In the evolving landscape of modern families, blended families have become increasingly prevalent, comprising 52% of couples. For those navigating the complexities of step-relationships, estate planning is not just a legal necessity but a crucial step towards fostering unity and happiness within the family. Understanding the nuances … Continued

The Impact of Increased Back Tax Penalties

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The IRS (Internal Revenue Service) has recently announced a significant increase in underpayment penalties, more than doubling the fees from two years ago. This change can have profound implications for taxpayers, potentially leading to substantial fees being added to their bills. In this blog post, we’ll explore the reasons behind the IRS’s decision, the impact … Continued

Better Budgeting by the 50/30/20 Rule to Get Ahead of Bills

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For Money Savings Monday, we are talking about budgeting. Keeping an eye on your budget is very important for the sake of your future! If you lose sight of it you could end up spending too much for what you have, or end up worrying yourself about if you can afford various expenses! The 50/30/20 … Continued