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

Setting Clear Financial Goals for Financial Freedom

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As the year comes to a close, it’s the perfect time to reflect on your financial goals and the steps you’ve taken towards achieving them. Year- End can serve as a reminder to prioritize your financial well-being. . By setting clear goals, it provides you with a sense of purpose and direction. It helps you … 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

Shielding Your Personal Assets: How to Create an LLC

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As a business owner, protecting your personal assets should be a top priority. Running a business always involves a level of financial investment and risk. However, as a Sole Proprietor, your personal assets are directly exposed to any debts or liabilities your business incurs. This means that if your business faces financial difficulties or legal … Continued

Maintain your Business Records

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It is the dread of almost every business owner – keeping their business records in order. Yet it is a necessity. What do you really need an a second’s notice that should be in a separate folder: Your organizational records: Your articles of incorporation is you are incorporated, your entity registration, your EIN number, your … Continued