Monthly Archives: November 2013

Business Update: No Penalty if You Missed October,1 Deadline

    October 1 was the original deadline for employers to provide their workers with a notice about the state health insurance exchanges created by the Affordable Care Act. Our Bergen County CPA office offers you insight to this. Failure to comply could have resulted in fines of up to $100 per day. The U.S. Department of Labor recently announced… (more…)

Selling Your Home? We Have Some Tax Tips for You…

In a “2013 Summertime Tax Tip,” we reminded taxpayers about the current rules on home sales. Our Bergen County CPA office offers you insight to this. Here’s a quick review of those rules. Tax Free Home Sale: The tax law allows the majority of taxpayers who sell their homes to enjoy 100% tax-free profit from the sale.  If you have… (more…)

Often Overlooked Deductions: Non-Cash Contributions

  Remember, non-cash contributions can add up to a meaningful itemized deduction item on your tax return. Our Bergen County CPA office offers you insight to this.  This includes donations of used clothing, household items, and furnishings. To ensure your donations are counted, here are some tips: Create a list of the items you contribute. Lay out the items and… (more…)