Smolin Service AreasPlanning opportunities for you and your business

Starting a business is a busy endeavor, but it’s also a great opportunity to set up a tax-favored retirement plan for you and your employees. Benefits include: A current deduction from income to the employer for contributions to the plan Tax-free buildup of the value of plan investments  The deferral of income (augmented by investment

This webinar will include a discussion about the effects of the NJ BAIT and federal guidance the IRS has provided after its recent acceptance of NJ BAIT tax deduction in its release of Notice 2020-75. The Tax Cuts and Jobs Act (TCJA) limits the itemized deduction for state and local taxes (SALT) on federal individual

If you have a Series EE savings bond, you may wonder if the interest you earn on them is taxed. Many people received these bonds as gifts when they were children, or even bought them themselves and tucked them away somewhere.  If this applies to you, you’re probably curious about what you should do to

For companies who used loans from the Paycheck Protection Program to keep their businesses running and their employees paid, getting the loan forgiven can be a confusing process. In Bloomgberg Tax, Smolin’s very own Nicholas Gutzmer discusses the possible risks and how to prevent them while applying for PPP loan forgiveness. The article discusses: Officer