Malesardi Quackenbush Swift

11/19/2021

https://www.journalofaccountancy.com/news/2021/nov/irs-guidance-ppp-loan-forgiveness.html

Forgiveness amounts are excluded from gross income but included in gross receipts for purposes including determining “small business taxpayer” status under Sec. 448(c).

06/12/2020

https://www.journalofaccountancy.com/news/2020/jun/forgivable-ppp-loans-aicpa-accounting-guidance.html

Nongovernmental entities have some options for accounting for forgivable loans under the Paycheck Protection Program, according to the AICPA’s new Technical Question and Answer guidance for borrowers.

03/29/2020

Please see the link below for information on state tax filing and payment changes due to COVID-19.

02/20/2020

https://www.nj.gov/treasury/taxation/baitpte.shtml

Pass-Through Business Alternative Income Tax Act, effective for tax years beginning on or after January 1, 2020

01/17/2020

The IRS is expanding its relief from cancellation-of-debt income to students whose federal loans were discharged for certain legal reasons.

11/15/2019

Annual contribution limits for 401(k) plans will increase from $19,000 in 2019 to $19,500 in 2020, and most other limits are increasing as well.

11/15/2019

General Information on the New Net Operating Loss Regime for Tax Years Ending on and After July 31, 2019
TB-94 - Issued October 25, 2019
Tax: Corporation Business Tax

See the "Spotlight" at mqscpa.com for more information.

11/20/2018

MQS staff helping the Social Service Association of Ridgewood & Vicinity stock the food pantry before Thanksgiving. We hope everything has a very Happy Thanksgiving.

10/25/2018

Perfect time to explore and discuss year-end tax planning.

There’s still time to cut your tax bill.

07/20/2018

Under the new tax law, entertainment expenses incurred on or after Jan. 1, 2018, are nondeductible.

This article addresses two common business expenses whose tax rules changed beginning Jan. 1, 2018.

04/13/2018

Be careful of opening any emails from the IRS!

New Jersey Society of CPAs

04/04/2018

Serendipity Labs Ridgewood is excited to announce a new seminar series co-hosted with the Small Business Resource Group (SBRG), a networking group founded by a panel of professionals well-versed in the needs of startups and small businesses.