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Before You Donate: Know the Tax Rules 266 266 Noelle Merwin

Before You Donate: Know the Tax Rules

Have you already made contributions to charity this year? Are you considering making more between now and year end? If so, it’s important to be familiar with the tax rules for different types of donations so you can maximize your tax benefit or at least avoid finding out at tax filing time that your charitable…

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Vitolo & Associates Joins Smolin, Expanding Tax and Advisory Capabilities 150 150 Tonni

Vitolo & Associates Joins Smolin, Expanding Tax and Advisory Capabilities

Red Bank, NJ — July 8, 2026 — Smolin, Lupin & Co., LLC (Smolin), a leading advisory, tax, and accounting firm, announces that Vitolo & Associates has joined the firm, marking a strategic alignment between two companies dedicated to delivering exceptional client service. Vitolo & Associates brings deep tax expertise and a well-established Client Accounting…

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Small Business Tax Problems: Answers to Common Questions 266 266 Noelle Merwin

Small Business Tax Problems: Answers to Common Questions

Tax problems can happen to even the most organized small business owners. A cash flow crunch, an unexpected tax notice, a missed filing deadline or a payroll tax oversight can be stressful — especially when penalties and interest begin to add up. Fortunately, businesses can get back on track by addressing tax issues promptly and…

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Cash vs. Accrual Accounting: Which Method Could Help Lower Your Small Business Taxes? 266 266 Noelle Merwin

Cash vs. Accrual Accounting: Which Method Could Help Lower Your Small Business Taxes?

Small business owners must answer an important question: Should we use the cash or accrual accounting method for federal income tax purposes? Larger entities are required to use the accrual method. But certain small businesses can elect to use the cash method. You may want to consider this option if it will help lower your…

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IRS Provides Gift Tax Filing Relief for Certain Trump Account Contributions 266 266 Noelle Merwin

IRS Provides Gift Tax Filing Relief for Certain Trump Account Contributions

The IRS has issued Revenue Procedure 2026-25, providing gift tax reporting relief for certain individuals who contribute to Trump Accounts established for eligible children. Under the new safe harbor, qualifying contributions will be treated as completed gifts that are not future interests in property and that qualify for the annual per donee gift tax exclusion.…

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A Smarter Approach to Reducing Probate Challenges 266 266 Noelle Merwin

A Smarter Approach to Reducing Probate Challenges

When a loved one passes away, settling his or her financial affairs can be an emotional and complex task. One legal process that often comes into play is probate. Understanding how probate works — and implementing strategies to minimize or avoid it — can help you protect your assets and simplify matters for your family…

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Smolin Summer 2026 Newsletter 849 1200 Noelle Merwin

Smolin Summer 2026 Newsletter

  View the Summer 2026 Newsletter for tax and industry insights.

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Hobby or Business? It Could Cost You 266 266 Noelle Merwin

Hobby or Business? It Could Cost You

Do you operate a side gig in addition to your regular day job? Whether you’ve turned a love for crafting into an online store or you play the guitar at a local venue, you’ll need to report the income from your sideline activity on your tax return. But can you deduct the related expenses? The…

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Business Owner? 5 Overlooked Tax Deductions 266 266 Noelle Merwin

Business Owner? 5 Overlooked Tax Deductions

If you’re self-employed, you probably have questions about deducting business expenses on your federal income tax return. Here’s a quick overview of the filing requirements for sole proprietors and independent contractors, and five examples of expense deductions that are commonly overlooked or misunderstood. Filing basics Sole proprietors and independent contractors must report their business activity…

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New Reporting Requirements for New Jersey Health Care Service Firm License Renewals 266 266 Noelle Merwin

New Reporting Requirements for New Jersey Health Care Service Firm License Renewals

New Jersey health care service firms should take a close look at the financial reporting documents they must submit when renewing their registration with the New Jersey Division of Consumer Affairs. Recent rulemaking and agency guidance make clear that every health care service firm must now submit an annual financial statement with its renewal. Annual…

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After-Tax vs. Roth 401(k) Contributions: Which Strategy Fits You? 266 266 Noelle Merwin

After-Tax vs. Roth 401(k) Contributions: Which Strategy Fits You?

If you participate in a company 401(k) plan, you already know that you can make pre-tax contributions up to the annual elective deferral limit to a traditional, tax-deferred account. If your 401(k) plan offers a Roth option, you can use part or all of your limit to make after-tax contributions to a Roth account instead.…

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Self-employed? Don’t overlook a Roth IRA 266 266 Noelle Merwin

Self-employed? Don’t overlook a Roth IRA

Some small business owners overlook Roth IRAs because they assume their income is too high for them to qualify to make Roth contributions. Others may think their current tax rate is higher than it will be in retirement, making current tax deductions more valuable than future tax-free distributions. However, if you don’t at least consider…

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leverage our expertise.

Our experts can present you with a clear, understandable approach to your finances. You can rely on insights provided in the Blog by Smolin Lupin, which is part of our commitment to your financial clarity. We can help you:

  • Develop insights into new markets
  • Streamline operations
  • Raise capital, control risks
  • Devise tax strategies
  • Maintain research and development
  • Help position your business for long-term growth in emerging fields

For biotechnology accounting advice tailored to your needs, contact your trusted Smolin advisor today.

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