Welcome to Our Blog

Kevin McKernan Kevin McKernan

A SMALL BUSINESS OWNER’S GUIDE TO BUSINESS EXPENSES

What do printer ink, client lunches, and shipping costs all have in common? They're business expenses—the costs incurred while operating your business. And, as long as you run a for-profit company, you can deduct many of these expenses from your taxable income to help your business's finances at tax time.

Read More
Kevin McKernan Kevin McKernan

NYC Proposed Bill Would Provide Employees with a Private Right of Action under New York City's Earned Safe and Sick Time Law

On July 14, 2022, the New York City Council introduced legislation that would allow employees to file a civil action against their employers to enforce their rights under the New York City Earned Safe and Sick Time Act. Currently, employees seeking recourse are limited to filing an administrative complaint with the New York City Department of Consumer and Worker Protection.

Read More
Kevin McKernan Kevin McKernan

What Happens When You Don’t Have A Will?

If you leave no Will or your Will is declared invalid because it was improperly prepared or is not admissible to probates, there are a myriad of things that can go horribly wrong.

Read More
Kevin McKernan Kevin McKernan

A VARIETY OF TRUSTS EXPLAINED

Almost everyone has heard of trusts, sometimes in reference to someone being a beneficiary. Despite the common misconception that trusts are only for the wealthy, they are a useful tool for estate planning of all sizes.

Read More
MerriLyn Gibbs MerriLyn Gibbs

What taxpayers need to know about business related travel deductions

Business travel can be costly. Hotel fees, plane or train tickets, cab fares, and public transportation can add up quickly. Having said that, did you know that business travelers may be able to deduct some of these expenses by claiming business travel deductions when filing their taxes?

Read More
Kevin McKernan Kevin McKernan

HOW TO FILE A FINAL TAX RETURN FOR SOMEONE WHO HAS PASSED AWAY

When dealing with the loss of a loved one, one of the many requirements that you must be aware of is that the surviving spouse or representative must submit the deceased person's final tax return. The surviving spouse or representative will report the person's death on the final tax return. The IRS does not require any additional notification of the death.

Read More
Kevin McKernan Kevin McKernan

NEW JERSEY CONSIDERING SWEEPING THE NON-COMPETE LEGISLATION

In early May 2022, the New Jersey Legislature introduced a comprehensive bill seeking to regulate and limit the use of non-compete agreements in a multitude of ways. Importantly, if enacted, Bill A3715 would require employers to provide 30 business days’ notice of the terms of the non-compete, either before commencement of employment or before the agreement is to become effective. They are now considering sweeping this law; see how this can affect YOU!

Read More