By Kevin | Published June 15, 2022 | Posted in Uncategorized | Comments Off on Does your business need a spring cleaning?
Mid-year is one of many opportune times to review your business operations globally. If your business year end is June 30, that is even more of a reason to do so. Below are some aspects that can be reviewed, assessed and revised accordingly to comport with ongoing business status and projected operations as well: -Operational Read More
Read MoreThe State of New Jersey Bulk Sales Law (N.J.S.A. 54:50-38) protects purchasers from tax debt from the seller of business assets when the sale is outside the normal course of business. Bulk sales include the sale of real property, tangible property such as inventory or materials and intangible assets like goodwill. However, this seemingly straight-forward Read More
Read MoreThe deadline to file a commercial or residential real estate tax appeal in most municipalities in New Jersey is April 1st. However, Burlington County, Gloucester County and other counties Appeal Deadline is now January 15, 2022 as many County Board of Taxation has moved up that deadline pursuant to the Alternative Real Property Assessment Calendar Read More
Read MoreWhat is a Buy-Sell Agreement? In the simplest terms, it is an agreement between business owners on buying and selling the business. There are many nuances to a buy-sell agreement. If your buy-sell agreement is not set up properly it could end up causing a lot of grief to your fellow business partners, their family Read More
Read MoreNew Jersey Real Estate Property Tax Assessment Reviews Underway New Jersey municipal and county tax assessors have begun review of real property tax assessment values and valuations for 2022, based on 2021 data. Now is an opportune time to review assessments and data relating to your properties to determine impacts of same, to potentially obtain Read More
Read MoreNEW Property Assessment Appeal Filing deadline is January 15th 2021 for 2021 Assessed Values for Burlington County New Jersey; We handle property tax assessment matter reviews and appeals to both the County Board of Taxation and the State Tax Court as so determined. _____By way of brief overview, property taxes are a result of the municipal budget Read More
Read MoreGovernor Phil Murphy’s Executive Order 106 suspended nearly all residential evictions throughout the State of New Jersey; however, the Governor’s temporary eviction moratorium does not mean landlords have no recourse for unpaying tenants. The Executive Order specifically provides that it “does not affect any schedule of rent that is due” and that a Court may Read More
Read MoreThe ongoing pandemic has given many cause for pause to assess/reassess many aspects of life and the thereafter. Many/millions (according to a 2016 Gallup Poll) still do not have a Will in place. An Estate Plan, consisting of a Will as well as a Power of Attorney and Health Care Directive, is not only critical Read More
Read MoreNow that October is here, New Jersey municipal and county tax assessors begin review of real property tax assessment values and valuations for 2021, based on 2020 data. Understanding that we are still in the middle of the ongoing pandemic and subject to numerous Executive Orders, recent real estate assessment data will prove to be Read More
Read MoreBusiness owners usually have most of their assets tied to their business. This can be challenging from a planning perspective as it relates to short term and long term planning, understanding valuations, and creating a succession plan and or an exit strategy. You must devote equal amounts of time and effort to planning (working on Read More
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