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Answers to 3 Common Questions After Filing Your Tax Return
Answers to 3 Common Questions After Filing Your Tax Return 850 500 Amanda

Answers to 3 Common Questions After Filing Your Tax Return

The 2023 federal tax filing deadline has come and gone. (Unless, of course, you filed for an extension until October 15.) Whether you’ve already filed or you’re still working on your return, you might have some questions once it’s been filed. Let’s take a look at three of the most common ones. 1. When can…

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2024 Q2 Tax Deadlines for Businesses and Employers
Key 2024 Q2 Tax Deadlines for Businesses and Employers 850 500 Amanda

Key 2024 Q2 Tax Deadlines for Businesses and Employers

The second quarter of 2024 has arrived! If you’re a business owner or other employer, add these tax-related deadlines to your calendar.  April 15 Calendar-year corporations: File a 2023 income tax return (Form 1120) or file for an automatic six-month extension (Form 7004) and pay any tax due. Corporations: Pay the first installment of estimated…

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Standard-Business-Mileage-Rate-Increasing-in-2024
Standard Business Mileage Rate Increasing in 2024 850 500 Amanda

Standard Business Mileage Rate Increasing in 2024

The IRS recently announced an increase to the optional standard mileage rate used to calculate the deductible cost of operating an automobile for business. In 2024, the cents-per-mile rate for panel trucks, pickups, vans, and cars will rise from 65.5 cents to 67 cents. The increase is meant to reflect, in part, changing gasoline prices.…

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New Per Diem Business Travel Rates Effective October 1st
New Per Diem Business Travel Rates Effective October 1st 850 500 Amanda

New Per Diem Business Travel Rates Effective October 1st

Do traveling employees at your business find documenting expenses tedious? Are you equally frustrated at the energy and time needed to review business travel expenses? If so, relief is on its way. In Notice 2023-68, the IRS set forth special “per diem” rates, which became effective on October 1st. These rates may be used to…

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Adjustments Social Security Wage Base
Adjustments to Social Security Wage Base Ahead 850 500 Amanda

Adjustments to Social Security Wage Base Ahead

In 2024, the Social Security wage base for employees and self-employed people will increase. Employees and employers can expect the wage base for computing Social Security tax to rise to $168,600 next year—a significant jump from the wage base of $160,200 in 2023.  Self-employment income and wages above this amount won’t be subject to Social…

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Catch a tax break for making energy-efficient home improvements this summer 850 500 Amanda

Catch a tax break for making energy-efficient home improvements this summer

According to the National Weather Service, nearly 190 million Americans have been under a heat advisory this summer. These scorching months might have you thinking about ways to make your home more energy efficient so that you don’t pay utility prices that are just as high as the heat index. If you do decide to…

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NJBIZ Leaders in Finance Paul Fried
Paul Fried Selected as an NJBIZ Leader in Finance 1200 628 Amanda

Paul Fried Selected as an NJBIZ Leader in Finance

Smolin is pleased to announce that Paul Fried, CEO-elect, has been selected as an NJBIZ Leader in Finance. NJBIZ Leaders in Finance recognizes financial executives whose passion and energy help drive their company’s success. Honorees are selected ​​because of their professional and civic engagement and their innovative contributions to their fields. They will be recognized…

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Smolin Lupin 75th Anniversary
Smolin, Lupin & Co., LLC Celebrates 75 Years of Excellence 1600 837 smolinlupinco

Smolin, Lupin & Co., LLC Celebrates 75 Years of Excellence

Smolin Lupin, an Independent Member of the BDO Alliance USA and one of the NJBIZ Top 20 Public Accounting Firms in New Jersey, is celebrating 75 years of excellent accounting services helping clients achieve success.  Since 1947, Smolin Lupin has been dedicated to developing long-lasting client relationships by providing professional financial and accounting services uniquely…

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roche-miseo-barchetto-joins-smolin-lupin
Roche Miseo Barchetto Joins Smolin Lupin  1600 1067 Amanda

Roche Miseo Barchetto Joins Smolin Lupin 

FAIRFIELD, NJ – January 19, 2023 – Smolin Lupin, an Independent Member of the BDO Alliance USA and one of the NJBIZ Top 20 Public Accounting Firms in New Jersey, is pleased to announce the merger of Roche Miseo Barchetto, LLC, a CPA firm headquartered in Parsippany, New Jersey.  The professional team from Roche Miseo…

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New Jersey Manufacturing Voucher Program
New Jersey Manufacturing Voucher Program 1600 941 Amanda

New Jersey Manufacturing Voucher Program

The New Jersey Manufacturing Voucher Program: What you need to know New Jersey is launching a $20,000,000 pilot program to assist manufacturers with accessing the equipment they need to be more efficient, productive, and profitable. The New Jersey Manufacturing Voucher Program will provide grants to those within targeted industries for a portion of eligible equipment…

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new-yorks-covid-19-capital-costs-tax-credit-program
New York’s COVID-19 Capital Costs Tax Credit Program 1600 942 Amanda

New York’s COVID-19 Capital Costs Tax Credit Program

On October 26, 2022, the State of New York announced a new tax credit program. The COVID-19 Capital Costs Tax Credit Program will subsidize small businesses for COVID-19-related expenses incurred between January 1, 2021, and December 31, 2022.  Eligible businesses must:  Operate in New York Have 100 or fewer employees Have $2.5 million or less…

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Smolin Update May 20, 2020
Families First Coronavirus Response Act: Tax Relief & Deferred Tax Payments 1200 628 smolinlupinco

Families First Coronavirus Response Act: Tax Relief & Deferred Tax Payments

On March 18, 2020, the Senate passed an amended Families First Coronavirus Response Act (H.R. 6201) and sent it to the President’s desk. The President signed the bill into law later that day. Meanwhile Congress is far along in considering a third, and significantly larger, stimulus and relief bill. PAID LEAVE The new law requires…

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