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An IRS payroll tax audit can uncover much more than mistakes on Forms 941. Learn what the IRS examines, why cash payments and worker classification can create major exposure, and when unpaid payroll taxes can become the business owner’s personal liability.
Can you keep your car if you file bankruptcy in New Jersey? Learn how car equity, loans, exemptions, Chapter 7 and Chapter 13 affect your vehicle.
Learn how to vacate a default judgment in New Jersey, including the rules for Law Division and Special Civil Part cases, improper service, deadlines, defenses, and collection risks.
New Jersey reported that it collected approximately $1.33 billion in Sales and Use Tax during August 2026, 14.3% more than during August 2025. Because sales tax payments are reported with a one-month delay, the August figure principally reflects July business activity. Higher collections do not necessarily mean that audits produced the increase. However, the report … Continued
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.