Learn about how you can defer taxes while investing capital in low-income communities across the United States with this program created by the Tax Cuts and Jobs Act. Visit our website that is dedicated to all things, Opportunity Zones.
As the year draws to a close, it’s the perfect time for business owners to prepare for the upcoming Form 1099 filing season. The…
Starting from January 1, 2024, many businesses must disclose information about their beneficial owners to the Financial Crimes Enforcement Network (FinCEN). This is being…
Corporate mergers and acquisitions are generally classified as either stock or asset deals, and the tax consequences for the buyer and seller vary accordingly. …
On June 30, 2023, New Jersey’s legislature approved a significant corporation business tax (CBT) overhaul, the key provisions of which include: Please contact your…
MSPC Certified Public Accountants and Advisors, PC is pleased to announce that Najoung Kim has been named a partner in the firm. Najoung joined…
It is important to be aware that failing to file a Report of Foreign Bank and Financial Account (FBAR) can result in severe financial…
New Jersey’s Cannabis Regulatory Commission (“CRC”) has announced that it will soon begin accepting applications for licensure of cannabis businesses. Recently issued regulations provide…
The world has changed in the last two years, especially when it comes to employment. As more employees are enjoying the benefits of working…
In the case of Hacker, T.C. Memo 2021-186, the U.S. Tax Court has held that two corporate officers were employees of the corporation they owned…
In a recently published FAQ, the IRS stated that Advance Child Tax Credit payments cannot be counted as income when determining if the recipient taxpayer…
Don’t let financial complexity hold you back. Book a free consultation with one of our experts today. We’ll assess your needs and provide personalized strategies to help your business thrive. Whether you’re looking for tax planning, auditing, or advisory services, we’re here to guide you every step of the way.