Tax Planning

Starting a new small business is an exciting endeavor, but the complexities of tax planning can be overwhelming. As a new business owner in New Jersey, understanding the ins and outs of tax regulations is important for financial stability. 1. What business taxes does...

With Morristown just 31 miles away from New York City, many of its residents seize the opportunity to work in the vibrant and bustling environment of the Big Apple. While this arrangement has many advantages, it also raises concerns about taxes. The good news is that...

Inheritance can be a mixed blessing when a significant portion of it goes towards paying taxes. If you are planning your estate in New Jersey, you need to understand how your decisions can impact the tax burden on your heirs. Thoughtful estate planning can help to...

Most people will not have to worry about paying estate taxes because the threshold is so high. But estate taxes are not the only taxation that may occur on your estate after your death. Your heirs may also face taxes on their inheritance. So, if you want to minimize...

One aspect of estate planning to consider is the taxes that your heirs will pay upon your death. Taxation can happen at various levels and in multiple ways. You should also plan with taxes in mind. One tax in New Jersey is the inheritance tax. This is a payment on the...

In New Jersey, business owners and people of means who are thinking about their taxes should be prepared for every eventuality. This is especially true when lawmakers are considering raising taxes for various programs. Depending on the political viewpoint of those in...

As an independent contractor, you have the responsibility to handle all income tax liabilities. The company with which you work will not pay the normal employer portion of taxes, which means you must do that when filing your taxes each year. SmartAsset explains you...

As a New Jersey resident, you may create a will, bequeathing your assets to family members, friends and charities. However, that may leave them subject to the inheritance tax, which can become costly. However, you can take steps that minimize or avoid the tax...

As you go about creating and implementing your estate plan so as to minimize your estate tax exposure and your heirs’ inheritance tax exposure, you likely think in terms of the federal taxes. You should not forget, however, that New Jersey taxes come into play as...

There are few if any universal truths when it comes to estate law. However, whether you are currently in the process of working through an inheritance or you are planning for your own family's future, tax is likely to be a major concern. When it comes to selling...