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Prudent steps can minimize the risk of an IRS audit. Accurate income reporting, meticulous record-keeping and truthful filings are paramount in sidestepping audits.

There is no rulebook when it comes to the execution of a brand, and there is certainly no “one-size-fits-all” approach, so thinking outside the box is a common approach.

Credit card surcharging and the related programs have been a hot topic over the last few years and are only growing hotter. However, the guidelines and laws surrounding these programs are unclear, ever-changing and vary by state and area.

A 401(k) plan is among the best ways to help a business attract and retain quality talent. Tax benefits and owner retirement savings options also make starting a 401(k) plan a smart idea.

The NJCPA applauds recent work for credit programs and supports the efforts by the Amer­ican Institute of CPAs (AICPA) and the National Association of State Boards of Accountancy (NASBA) to reduce the financial burden for aspiring CPAs.

While tax planning ideally should be an all-year undertaking, the last calendar quarter of the year is a great time to take advantage of some rapid-fire tax savings moves and to finalize an overall plan for saving on taxes before the year ends.

Remember, your business may not be funny, but getting people to listen to your message can be! There are many benefits to work with someone who uses humor.

Whether a CPA represents the employee or employer, the nature of the case, particularly regarding how an injury is defined, and the resulting agreement are essential in determining the tax treatment.

Since selling an accounting practice is such a rare event, sellers need to be aware of some key misconceptions about the process.

In New Jersey, restrictive covenants, including non-competes, remain enforceable. However, consistent with the national trend, New Jersey courts are becoming less inclined to enforce non-competes.

Varying state employment laws can complicate compliance with organizations having remote workers. Pay transparency laws are an illustrative example of the types of compliance issues presented.

CPAs may be stuck in the middle when it comes to the Employee Retention Credit (ERC), between a drooling client hungry for a cash refund and their due diligence responsibility before preparing and signing that tax return proposing a huge refund.