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Age-Based Tax Triggers: What You Need to Know 1200 1200 Noelle Merwin

Age-Based Tax Triggers: What You Need to Know

They say age is just a number — but in the world of tax law, it’s much more than that. As you move through your life, the IRS treats you differently because key tax rules kick in at specific ages. Here are some important age-related tax milestones for you and loved ones to keep in…

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Stop procrastinating and get to work on your estate plan 1200 1200 Noelle Merwin

Stop procrastinating and get to work on your estate plan

For many people, creating an estate plan falls into the category of important but not urgent. As a result, it can get postponed indefinitely. If you find yourself in this situation, understanding the reasons behind this procrastination can help you recognize and overcome the barriers that are preventing you from taking the first steps toward…

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Smolin Celebrates Grand Opening of New Parsippany Office with Ribbon-Cutting Ceremony 600 400 Noelle Merwin

Smolin Celebrates Grand Opening of New Parsippany Office with Ribbon-Cutting Ceremony

Parsippany, NJ – June 11, 2025 – Smolin proudly announces the grand opening of its new office at 10 Waterview Blvd., marked by a ribbon-cutting ceremony held yesterday. The event was graced by esteemed representatives from Morris County, the Township of Parsippany-Troy Hills, and the Morris County Chamber of Commerce. Special thanks to Commissioners Doug…

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Tax breaks in 2025 and how The One, Big, Beautiful Bill could change them 1200 1200 Noelle Merwin

Tax breaks in 2025 and how The One, Big, Beautiful Bill could change them

The U.S. House of Representatives passed The One, Big, Beautiful Bill Act on May 22, 2025, introducing possible significant changes to individual tax provisions. While the bill is now being considered by the Senate, it’s important to understand how the proposals could alter key tax breaks. Curious about how the bill might affect you? Here…

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Digital assets and taxes: What you need to know 1200 1200 Noelle Merwin

Digital assets and taxes: What you need to know

As the use of digital assets like cryptocurrencies continues to grow, so does the IRS’s scrutiny of how taxpayers report these transactions on their federal income tax returns. The IRS has flagged this area as a key focus. To help you stay compliant and avoid tax-related complications, here are the basics of digital asset reporting.…

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Can you turn business losses into tax relief? 1200 1200 Noelle Merwin

Can you turn business losses into tax relief?

Even well-run companies experience down years. The federal tax code may allow a bright strategy to lighten the impact. Certain losses, within limits, may be used to reduce taxable income in later years. Who qualifies? The net operating loss (NOL) deduction levels the playing field between businesses with steady income and those with income that…

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Still have tax questions? You’re not alone 1200 1200 Noelle Merwin

Still have tax questions? You’re not alone

Even after your 2024 federal return is submitted, a few nagging questions often remain. Below are quick answers to five of the most common questions we hear each spring. 1. When will my refund show up? Use the IRS’s “Where’s My Refund?” tracker at IRS.gov. Have these three details ready: Social Security number, Filing status, and…

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Members of the “sandwich generation” face unique estate planning circumstances 1200 1200 Noelle Merwin

Members of the “sandwich generation” face unique estate planning circumstances

Members of the sandwich generation — those who find themselves simultaneously caring for aging parents while supporting their own children — face unique financial and emotional pressures. One critical yet often overlooked task amid this juggling act is estate planning. How can you best handle your parents’ financial affairs in the later stages of life?…

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What 2025 Business Tax Changes Mean for You 1200 1200 Noelle Merwin

What 2025 Business Tax Changes Mean for You

Every year, tax-related limits for businesses are adjusted for inflation, and for 2025, many of these limits have increased. However, with inflation cooling down, the increases aren’t as significant as they’ve been in recent years. Here’s a rundown of the changes that might impact you and your business. 2025 deductions compared with 2024 Section 179…

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Which Financing Option is Right for Your Small Business? 1200 1200 Noelle Merwin

Which Financing Option is Right for Your Small Business?

Most small businesses need cash infusions at some point, and how you secure the funding can make all the difference between whether your business succeeds or struggles. To help determine which is best for your business, let’s break down the three primary types of funding available: debt, equity and hybrid financing. Debt: Borrowing to grow…

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S Corporation vs. Partnership: What’s Best for Your Business? 1200 1200 Noelle Merwin

S Corporation vs. Partnership: What’s Best for Your Business?

Starting a business with partners and not sure which entity to choose? An S corporation could be the perfect fit for your new venture. One benefit of an S corporation One big perk of an S corporation is that shareholders aren’t personally liable for the company’s debts. To keep that protection intact, make sure you:…

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Cut Your 2024 Tax Bill with an IRA Contribution—But Act Fast 850 500 smolinlupinco

Cut Your 2024 Tax Bill with an IRA Contribution—But Act Fast

While the 2024 tax deadline is quickly approaching, it’s not here yet, which means you still have time to trim down what you owe. If you qualify, you still have time to make a deductible contribution to a traditional IRA right up until the April 15 filing deadline and lock in tax savings on your…

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