Tax Tips & Strategy

Taxes are a fact of life for small business owners, but smart planning can keep more money in your pocket. As a business owner in Essex County, New Jersey  – whether you run a boutique in Short Hills or a consulting firm in Roseland – you know every dollar counts. This guide to small business tax deductions NJ entrepreneurs can use will walk you through ways to lower your tax bill legally. We'll cover common deductions, NJ-specific tips, and how proactive tax planning can ma

If you’re a small business owner in Livingston, Short Hills, or anywhere in Essex County, NJ, you’ve likely heard about S-Corporations as a way to save on taxes. Running your business as an S-Corp can indeed cut your tax bill but only if you balance your salary and shareholder distributions correctly. Pay yourself too little salary and you risk IRS penalties; pay yourself too much and you might miss out on tax savings. In this guide, we’ll break down S Corp salary vs. distrib

As a small business owner in New Jersey, the world of taxes can feel like a maze. The good news is that you may be missing out on valuable deductions that can lighten your tax load. Even small deductions can make a big difference in your finances. In this post, we will reveal the top five tax deductions that many small business owners overlook, along with practical examples and tips on how to take advantage of them. Understanding these deductions can lead to substantial savin

As a small business owner in New Jersey, you juggle many responsibilities. From managing daily tasks to planning for future growth, it can be easy to overlook one critical area—tax planning. However, taking a proactive approach to tax planning can spare you from unforeseen surprises at year-end and let you concentrate on running your business effectively. In this article, we’ll delve into how proactive tax planning can help you tackle the complexities of small business taxes,