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Women of MSPC: Cathy Davis
This one was fun interview. Cathy Davis is the sole female principal at MSPC and is a woman who celebrates women and isn’t afraid of it. She is, however, afraid of spiders. Cathy always knew she wanted to be an accountant, there was no question about it. Her experience has been so positive, she couldn’t…
Read MoreIRS Plans To Issue Unemployment Refunds In May
The Internal Revenue Service said on Wednesday, it plans to take steps to automatically refund money starting in May and continuing through the summer to taxpayers who filed tax returns reporting unemployment compensation prior to recent changes under the ‘American Rescue Plan’. The COVID relief package, which President Biden signed into law this month, enables taxpayers who earned under…
Read MoreWomen in Business: The REAL women behind MSPC success
Interview conducted by Ana Gambetta. Jessica Levin is an entrepreneur who owns her own firm, Seven Degrees, LLC. For nearly a decade, she has assisted MSPC with marketing and many other wonderful events. Jessica always knew she wanted to work in events, which unfortunately wasn’t a major during her college days so she chose hospitality,…
Read MoreWomen in Business – Michelle Dominguez
Interview conducted by Ana Gambetta. Michelle is a tax supervisor at MSPC. Michelle defines success as a way of life, and to her, her friend Laura embodies that success. Laura is someone who didn’t go to college, yet had a wonderful career as an insurance company manager, has a beautiful family, a beautiful home, and…
Read More2020 Income Tax Due Date For Individuals In NJ Extended
The State of New Jersey will follow the actions of the IRS and automatically extend the 2020 income tax filing due date for individuals from April 15, 2021 until May 17, 2021. This extension includes any tax payments due with a return. Requests for an additional extension to file a return are also due by May…
Read MoreWomen in Business: The Women behind MSPC success
Interview conducted by Ana Gambetta. This March, MSPC honors all the amazing women who work in the firm. Nicole Henry has been with the firm for over 20 years, and although her work is very important and allows her to have the creative freedom she craves, there is more to Nicole than meets the eye.…
Read MoreAmerican Rescue Plan Act: How it Impacts You and Your Business
HOW WILL IT IMPACT YOU AND YOUR BUSINESS? On Thursday March 11th, President Biden signed the American Rescue Plan Act into law. Here is a brief summary of the key tax provisions. 1. The first $10,200 in unemployment benefits are free of tax in 2020 for taxpayers making less than $150,000 per year. 2. Individuals will be…
Read MoreFederal Tax Relief for Individual Filers
The IRS recently announced that the federal income tax filing due date for individuals for the 2020 tax year will be automatically extended from April 15th 2021, to May 17th 2021. Individual taxpayers may also postpone federal income tax payments for the 2020 tax year due on April 15th 2021 to May 17th 2021, without…
Read MoreNJ LEGALIZED CANNABIS: OPPORTUNITIES AND CHALLENGES FOR BUSINESSES
In a historic event for New Jersey, Governor Phil Murphy last week signed into law several bills effectively legalizing marijuana in the state. The new laws permit the possession (up to six ounces) and use of marijuana by anyone over the age of twenty-one within the state. The laws also allow the purchase and sale of legal…
Read MoreSecond Draw PPP Loans Update
On Friday, January 8th, the Small Business Association (“SBA”) released new guidance on what it is calling “Second Draw PPP Loans,” a forty-two page document that serves to define many heretofore ambiguous terms used in the program’s description. The rule takes effect immediately, lenders will determine how soon prospective borrowers can apply, and such borrowers…
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