The State of New Jersey is now offering an attractive deduction for families saving for college.
Taxpayers with a gross income of $200,000 or less may qualify for a state income tax deduction when they contribute to a Franklin Templeton 529 College Savings Plan.
Deductions are permitted for up to $10,000 per taxpayer, per year, beginning with contributions in 2022.
As always, call C&B at 201.787.6542 for more information on this opportunity to save on your 2022 tax bill!
You’ve built something incredible. The clients are coming in, the revenue is climbing, and from the outside, you’re the picture of success. But behind the scenes, does it feel like you’re trying to hold together a plane while it’s mid-flight? Growth is the goal, but it has a funny way
Opening a letter from the IRS can be a bit startling, especially when you are eagerly awaiting your tax refund. If you recently received Notice CP53E, it means the IRS temporarily froze your refund because your direct deposit could not be processed. It is completely understandable to feel anxious about this
One thing we hear often from business owners is, “I feel busy, but I am not sure if my business is actually doing well financially.” We have worked with many clients who were bringing in sales but still felt unsure about their financial position. Once we walked through a few
Thinking about your child’s financial future can feel overwhelming. Between saving for college, managing everyday expenses, and planning for long-term goals, many parents and guardians are simply trying to find practical ways to put money aside for their kids. A new option may soon become available called a Trump account.
April is here, and the real opportunity is just beginning. For many owners, this is the ideal time to shift into Q2 financial planning for growth and take a more intentional approach to the months ahead. It’s time to move from simply filing to forward-thinking. Instead of simply closing the books on last
If tax season feels like a fire drill every year, you’re not alone. Here’s the part most people don’t realize. Messy bookkeeping doesn’t just create a few stressful weeks. It quietly costs you money, creates risk, and makes it harder to run your business all year long. We talk to
