All Blog Posts (406)

In an S-Corporation, a popular choice of tax entity among businesses, an owner who works for the company is required to take wages. How much of the company’s income is classified as wages versus S Corp. income (reported to the owner on Form K-1) is up to the owner. The net income will be taxed regardless of how it’s classified. The big difference lies in federal employment taxes, which are not paid on K-1 income. Another consideration is that K-1 income is exempt from the new 3.8%…

January 2014 - Keeping up with key business / technology issues in the news is difficult.  Let Jefric Consulting help you.

Click here to view the January edition of our monthly Small Business Technology Newsletter.

http://www.jefric.com/news/201401.JefricConsultingNewsletter.html

All newsletters can be found here.…

Computer viruses aren’t going away anytime soon, The key to combating the ongoing threat of malicious computer viruses is a combination of vigilance and protection. We wants to help you stay safe by providing information about how these viruses spread and how to protect your computer. Contact us at www.ITStechsolved.com or call us at 973.628.0041  We are  be happy to  assist and offer security solutions for your home &office . Check our latest…

The mere fact that someone held an account jointly with a decedent doesn't necessarily mean he will avoid probate. While there is a statutory presumption that a right of survivorship is created when a party to a joint account dies, this presumption can be overcome with evidence showing that undue influence was used in the creation of the account, or that the account was solely for the convenience of the depositor. This was highlighted in a recent NJ appellate court…

November was a Long-Term Care awareness month.  At the November 20th meeting we had a discussion about the cost of care for our loved ones as well as the affects on the caregivers.  How would you handle a situation if you or your loved one will need help with basic daily activities such as bathing, dressing, eating, etc?  Are you prepared emotionally and financially?   Do you know what your options are?

For more information, feel free to contact me.

Lessons Learned from a Brain Tumor

by Karen Perry-Weinstat, July 2013

In April 2012 I was as my desk working after having gone for an MRI due to chronic headaches I was experiencing.  It was the neurologist.  When he told me the test revealed that I had a large brain tumor, I laughed.  My first thought was, how ridiculous!  I don’t have time for this!  I’d recently been through two other major ordeals.  This was just too much!

I laughed all the way to his office the…

You may have heard the term “Social Capital,” which seems to be noticed more and more lately. It is related to “Social Selling,” which is selling that is achieved through the…

If you’re a non-resident selling investment real estate in New Jersey, there’s a unique NJ tax you should be aware of. Both residents and non-residents always had to pay income tax on the gain upon the sale of real estate. This tax is required to be withheld for non-residents.  The “Exit Tax”, which came into law six years ago, requires the seller to file a GIT/REP form (Gross Income Tax form) in order to record a Deed for the transfer of his property. When a non-resident sells the…

The new 3.8% net investment income surtax is here. Click here to find out what you can do about it: Tax Tips for Net Investment Surtax

U.S. Citizenship and Immigration Services (USCIS) has approved the statutory maximum 10,000 petitions for U nonimmigrant status (U visas) for fiscal year 2013. This marks the fourth straight year that USCIS has reached the statutory maximum since it began issuing U visas in 2008. Each year, 10,000 U visas are available for victims of crime who have suffered substantial mental or physical abuse and are willing to help law enforcement authorities investigate or prosecute those crimes. A…

 Saying thank you in today’s high powered high-tech marketplace has been relegated to the status of an unwanted stepchild in our marketing mix. We spend so much time researching, planning, targeting our next move that we fail to realize the impact that a simple thank you can have on our existing customer base or on someone we have just met.  We build these vast and complex business models failing to realize that they must be lubricated regularly. A Thank You is the oil that makes the…

Even if your business doesn’t have “Tea Party” in its name, you may be receiving a notice of inquiry from the IRS. The controversial notices, titled ‘Notification of Possible Income Reporting’, have already been sent to at least 20,000 small businesses across America. The IRS is gathering data from several third parties, including credit card companies, to check that all income is being reported. Form 1099 has been modified in a manner that provides the IRS with more details about credit and…

Please click on the link and read the articles on Wage and Hour disputes that are very prevalent today. I will be happy to answer your calls or emails. Thanks Izzy …

Kris W. Kobach, Kansas Secretary of State has filed lawsuit in Federal Court seeking Curb Illegal Immigration.

President Obama had issued policy memorandum to defer deportation of young undocumented immigrants and as of July 10, a total of 400, 562 youths had received deferral, which allow them to work legally. Many of the young undocumented immigrants in this category were eligible under the proposed Dream Act.…

August 2013 - Keeping up with key business / technology issues in the news is difficult.  Let Jefric Consulting help you.

Click here to view the August edition of our monthly Small Business Technology Newsletter.

http://www.jefric.com/news/201308.JefricConsultingNewsletter.html

All newsletters can be found here.…

This post is inspired by our last JBN meeting at Shaarey Shalom in Springfield, NJ

The HOTTEST TREND hitting all the mitzvah and wedding scenes this year is miniature desserts!  A lot of the hype comes from…

No, I'm not fighting getting older, she said, ogling a one-ounce jar of anti-aging serum that costs $120.00

Aging Ungracefully

David began: "Clearly the most interesting trend in U.S. Business Immigration Law is President Obama's commitment to Comprehensive Immigration Reform ("CIR").

"The recent initiatives under the Deferred Action and Childhood Arrivals (DACA) Program in August 2012 seemed to be the precursor of a DREAM Act. Prospects of CIR could present immigration law options for the over 11 million undocumented foreign nationals in the U.S. The Nachman Phulwani Zimovcak [NPZ] Law Group, P.C. continues…