Click this link to view the Coronavirus NJ Sole Proprietor Unemployment Instructions https://myunemployment.nj.gov/labor/myunemployment/assets/pdfs/UI_process_selfemployed.pdf Subscribe to my blog posts to stay updated: CLICK HERE TO SUBSCRIBE Questions? Concerns? Call me [...]
Quick Note: Was your stimulus debit card or check lost or stolen? Call this number 800-240-8100 If you haven't filed a 2018 or 2019 income tax return, form 1040, [...]
To listen to the podcast version of memo click here —> Podcast Version I have been inundated with calls, emails and texts, asking how investors should handle their substantial recent [...]
Do you have questions or concerns right now? Call me on (732) 673-0510. First, please don't panic! As of today, April 16, 2020, the SBA has TEMPORARILY suspended applications for [...]
Do you have questions or concerns right now? Call me on (732) 673-0510. Subscribe to my blog posts to stay updated: CLICK HERE TO SUBSCRIBE First, please don't panic! As [...]
If your accountant isn't updating you like this, you should hire me. BREAKING: The 2019 New Jersey state tax filing deadline WILL BE EXTENDED from April 15th, 2020 to [...]
Do you have questions or concerns right now? Call me on (732) 673-0510. Quick Note: Was your stimulus debit card or check lost or stolen? Call this number 800-240-8100 [...]
I have established a Drive Up Tax Meeting Area in my parking lot for clients who want social distancing, but still need to meet with me to get their [...]
I have consolidated this information into one memo. Please Click Here To Open It Questions? Concerns? Call me on (732) 673-0510. Please reach out to me without hesitation with [...]
Do you have questions or concerns right now? Call me on (732) 673-0510. Please reach out to me without hesitation with any tax, business or accounting question, and to [...]
Do you have questions or concerns right now? Call me on (732) 673-0510. For Corona Virus related disaster loans you will be applying under the Economic Injury Disaster Loans [...]
Prior to the tax filing and payment extensions, many taxpayers set up electronic payments on or before April 15th to pay taxes due for 2019. But now, with the [...]
I wanted everyone to know that my CPA firm is open and operating at 100% tax season level. We are prepared to prepare your returns, and most importantly, answer [...]
Click the link below and search for your state for the latest state level tax deadline changes related to the Coronavirus outbreak. STATE TAX DEADLINE CHANGES RELATED TO THE [...]
My team is ready to assist you in this process. I have consolidated this information in this memo. Please click the link to be redirected. https://www.chriswhalencpa.com/cares-act-coronavirus-relief-bill You will want [...]
The IRS has extended the due date for your 2019 tax returns to July 15, 2020, June 30 if you are NJ Resident They have also extended the date [...]
Your government ordered Coronavirus Quarantine is a great time to start gathering your income tax data. I prepared the checklist below to help you get started. As always, if [...]
To listen to the podcast version of memo click here —> Podcast Version You may have read in the news lately that the IRS is going to be stepping up [...]
Please read this informative ROI-NJ article where Chris Whalen, CPA discusses: The Student Loan and Consumer Debt Problem I am mentioned in the middle of the page in the [...]
To listen to the podcast version of memo click here —> Podcast Version Let me premise this memo with the following: If you only have W-2s, with no dependents, and [...]
Please listen to this informative podcast / informative, where Chris Whalen, CPA discusses: Tax and Business Update with Chris Whalen, CPA & David Crossan January 2020 Topics: Independent Contractor [...]
In 2014, the IRS declared that virtual currency is treated as property for Federal income tax purposes and providing examples of how long standing tax principles applicable to transactions [...]
To listen to the podcast version of memo click here —> Podcast Version I get calls every day with many varied income tax and business related questions. Quite often, people [...]
To listen to the podcast version of memo click here —> Podcast Version This memo is for my self-employed clients and colleagues. Many of you don't know that you need [...]
Your income tax data is the ultimate prize for an identity thief. Would you be shocked to learn that most CPAs store your tax data in the cloud and [...]
To listen to the podcast version of memo click here —> Podcast Version There is much confusion today about who is an employee and who is an Independent Contractor. Yes, [...]
To listen to the podcast version of memo click here —> Podcast Version Main take away to this memo is as follows. If you have NOT properly accounted for your [...]
To listen to the podcast version of memo click here —> Podcast Version This memo is extremely important tax news for anyone with positive income from rental properties. When was [...]
To listen to the podcast version of memo click here —> Podcast Version This goes into effect in 2020. So, for my subcontractor clients used to getting a form 1099-MISC [...]
The Work Opportunity Tax Credit (WOTC) is a Federal tax credit available to employers for hiring individuals from certain targeted groups who have consistently faced significant barriers to employment. WOTC [...]