Tax Specialist Advice

When the death of an individual results in property or belongings being passed on to another individual or entity, estate taxes can be levied upon those assets. Because the laws dealing with estate taxes change so frequently, the amount of taxes levied can vary greatly depending on the year of death. For example, some years [...]

When you first start your own company, there are things that you need to know in order to run your business smoothly. When it comes to payroll taxes, some of that information is really easy to find. For federal taxes and FICA taxes, everything is the same no matter where you go in [...]

The IRS taxes the incomes of those individuals whose earnings meet or exceed the specified minimum requirement. Normally, taxes are automatically withheld from an employee's check by an employer. However, each year in April citizens must still file an individual income tax return. Depending on the total amount of earnings for the year and filing [...]

As a business owner, you are responsible for certain taxes when it comes to your payroll. If you have employees, then this is something you need to know about. Then again, if you are self employed and are the only one to work for your company, then the taxes are handled differently. [...]

Did you know that you can get in a lot of trouble if you don’t do your taxes right? This is the case for both individuals and companies. When you are an individual, you need to not only do your taxes each year, but you also need to pay the right money to [...]

Once you have you own company, there are so many things that you need to learn and be mindful of. This is especially the case when you are starting a small business. In these cases, you are expected to handle nearly all aspects of your business. Unless you have degrees in accounting, [...]

When one is chosen as an executor of a will, dealing with the assets of an individual who has passed can mean dealing with estate or inheritance taxes. While the two are commonly confused, estate taxes have to do with the property or estate itself whereas inheritance taxes affect the estate's beneficiaries. Another difference is [...]

Income taxes are the obligatory financial contribution levied against the annual earnings of both individuals and companies. Every year, income taxes are collected by the federal government via the filing of income tax returns. Every individual and company is responsible for truthfully and accurately reporting all of their income to the government in order for [...]

Did you know that if you own a company and you hire employees for that company that you have to pay federal payroll taxes? Yep, it’s true. This is something that your company has to do. In fact, the Internal Revenue Service is very picky about how they receive the money. [...]

If you live in New Jersey, you will be withholding different payroll taxes than if you were having employees that worked in another state like Maine or Georgia. Although the FICA and federal taxes will be the same, the state taxes won’t be. They vary from state to state and depend on a [...]