Tax Warrior Chronicles

By: Dan Marques, CPA, MT

If at first you don’t succeed, try again.  That appears to be the moto of the NJ Legislature after passing the Pass-Through Business Alternative Income Tax Act (the Act), signed into law by Governor Murphy on January 13, 2020. This is the state’s second attempt to circumvent the $10,000 federal cap on state and local tax (SALT) deductions imposed by the Tax Cuts and Jobs Act (TCJA).

Anyone can be an entrepreneur, but being a tax-savvy entrepreneur can put you on the road to success! Today, Keisha Price talks about a few things you can focus on to ensure your business taxes are under control.