Tax Season

The Internal Revenue Service announced today that the nation’s tax season will begin Monday, Jan. 23, 2017, and reminded taxpayers claiming certain tax credits to expect a longer wait for refunds. The IRS will begin accepting electronic tax returns that day, with more than 153 million individual tax returns expected to be filed in 2017.…

Senate Eliminates Tax Penalty on Employeers

The Senate passed legislation Wednesday eliminating a tax penalty on employers who reimburse employees for the cost of health insurance premiums, following passage of the measure last week in the House. READ MORE NOW  RotenbergMeril is a CPA firm with offices in the NY/NJ Metropolitan Area. According to both the NJBiz Journal and New Jersey…

Quick Tip: Why Setup an LLC?

The LLC has the most advantages when compared to a sole proprietorship or partnership. However, not all businesses are at a stage when an LLC makes good business sense. Compared to corporations. LLCs are similar to corporations in that they offer limited liability protection to its owners. RotenbergMeril is a CPA firm with offices in the NY/NJ Metropolitan Area.…

Court Temporarily Blocks Overtime Rule

On November 22, 2016, U.S. District Court Judge Amos Mazzant granted an Emergency Motion for Preliminary Injunction and thereby enjoined the Department of Labor from implementing and enforcing the Overtime Final Rule on December 1, 2016.  The case was heard in the United States District Court, Eastern District of Texas, Sherman Division (State of Nevada…

Tax Return Errors-Tips To Avoid Them!

Check out the below video from the IRS. RotenbergMeril is a CPA firm with offices in the NY/NJ Metropolitan Area. According to both the NJBiz Journal and New Jersey Business Magazine, we are ranked as one of the top accounting firms based in Northern New Jersey, servicing clients across the USA and worldwide. The firm…