Your child probably knows a lot more about technology—from designing a website to posting on social media—than you ever will. At many family businesses, Junior may already be helping with a variety of digital and other tasks.
Have you considered paying your kids for their work? Besides motivating them, putting kid(s) on the payroll is an attractive way to transfer assets to them while saving taxes. You might be able to help them fund their college costs or purchase a home…Continue
Posted on September 14, 2017 at 2:11pm
You must leave specific consent to control your digital assets to your power of attorney, executor or social media provider in order for your appointee to access your account. For more details, click here:Digital Assets
Posted on August 30, 2017 at 12:18pm
Not all foreign securities were created equally. Foreign mutual funds are considered PFICs (Passive Foreign Investment Companies) and are subject to complex tax rules. Those owning PFICs should make sure they are reported them correctly. For more details click here…Continue
Posted on August 22, 2017 at 11:27am
NJ Employers Face August Deadline to Reduce SUI Contribution Rates
Did you check your NJ SUI rates?
On July 28, 2017, the annual Notice of Employer Contribution Rates were mailed to all New Jersey employers. This is not a bill, but rather a summary of the way the NJ Department of Labor calculates the employer contribution…Continue
Posted on August 14, 2017 at 10:00am