Pennsylvania Passes the SALT

Certain marketplace facilitators, remote sellers and referrers facilitating, making or referring sales to Pennsylvania customers must make an election to either: (1) register to collect and remit sales tax beginning April 1, 2018; or (2) comply with tax notification and reporting requirements (“Notice and Reporting Requirements”). The deadline for this election is March 1, 2018.

The Disaster Act

On September 29, President Trump signed the Disaster Tax Relief and Airport and Airway Extension Act of 2017 (the Disaster Act) into law. The legislation includes several new tax breaks for Hurricane Harvey, Irma, and Maria victims and a few tax breaks for everybody. Unless you or your business was directly affected by one of

Trump’s Tax Plan – How Will It Affect You?

U.S. Treasury Secretary Steven Mnuchin said on August 31, 2017 that President Donald Trump’s administration has a detailed plan on tax reform and is on track to get it through Congress by year-end. President Trump has asked for a corporate tax rate of 15 percent, down from its current 35 percent. He also wants to

Meet the President of NJ Elks Association! Our Very Own

The following post is an article by A.S.K. The writer that wrote the article below is not affiliated with Smolin in any way. Anyone who has had the pleasure to meet John M. Szczomak, of the Passaic Valley Elks Lodge #2111, quickly realizes that he has a passion to serve and help others in need.

BDO USA, LLP Raises $75,000 for Red Nose Day

Provided by Business Wire.  National Accounting Firm’s Leaders Take Pies to Face for Children’s Charity May 31, 2017 10:00 AM Eastern Daylight Time CHICAGO–(BUSINESS WIRE)–BDO USA, LLP, one of the nation’s leading accounting and consulting firms, recently raised $75,000 during a two-week employee fundraising drive in support of Red Nose Day, the Comic Relief charity

Cyber Crime: FBI Warns of Wire-Transfer Fraud

One of our clients was recently a victim of a spoofed email involving a wire transfer fraud.  Because of this, we thought that all of our clients and business contacts should be reminded of the internet dangers posed by cyber criminals. The FBI has recently reported a dramatic increase in cyber related crimes involving spoofed

Student Loans: Debt, Repayment & Default

“It’s amazing. Life changes very quickly, in a very positive way, if you let it.”– Lindsey Vonn, Athlete The cost of higher education continues to rise. In the United States and Canada, borrowers owe more than 1.2 trillion dollars in student loan debt. More than 7 million borrowers are in default. It is important for

Driver’s License Numbers on Tax Forms: Not Mandatory in NJ, Mandatory in NY

Provided by NJCPA. The New Jersey Division of Taxation has confirmed that taxpayers will not be required to provide driver’s license numbers on their paper or electronic New Jersey tax forms during the 2017 filing season. It will remain optional to provide that information. However, be aware that certain tax software programs may still require

Smolin Lupin Welcomes Steven Joseph, CPA as a Member of the Firm

Addition bolsters firm’s continued growth and enhances client service Smolin Lupin announced today that Steven Joseph, CPA, has joined the team as a member of the firm. Formerly a partner at Joseph & Drashinsky, Joseph will merge his existing client base and staff, into Smolin’s Red Bank, N.J. office. With more than 35 years of

Women of Smolin, Lupin & Co., Receive NJCPA “Women of Note” Recognition

Kelly Kennedy-Ryu and Noorus Khan recognized for their significant contributions to the accounting profession Smolin, Lupin & Co., P.A., a leading professional financial and accounting services firm, announced today that CPAs, Kelly Kennedy-Ryu and Noorus Khan have been awarded the prestigious NJCPA “Woman of Note” recognition. This distinction recognizes recipients for their NJCPA participation, accounting