NJBIZ Digital Guide to Year End Tax Planning

Welcome to the second edition of the NJBIZ Digital Guide series.

This content is only available online and contains four stories and two sponsored pieces showcasing a particular subject.

This edition is designed to assist in the planning and organizing of tax preparation in the aftermath of the 2018 tax reform bill, formally known as the Tax Cuts and Jobs Act.

Called “Guide to Year End Tax Planning,” it is sponsored by Friedman LLP, an accounting, tax and business consulting firm serving public and private companies since 1924.

Who qualifies for a business income deduction? The answer isn’t always clear

When the Tax Cuts and Jobs Act was signed into law in late 2017, a potentially significant provision for businesses came to life: Section 199A. The challenge, say Friedman LLP's tax professionals, is the new statute creates more questions than answers. Section 199A is intended to offer considerable benefits to…

NOL reform makes planning for future even more important

Karl A. Neulinger, director, Friedman LLP.

Assessing the impact of tax reform on individuals

Jo Anna Fellon, tax partner, Friedman LLP. Recent changes to the Tax Reform Act have left many scratching their heads wondering how and if the new regulations offer relevant benefits and protections for individuals. According to tax accountants, as you consider the ramifications of the 2018 Tax Reform Bill, there's…

How ‘bunching’ helps maximize benefit of charitable donations

Scott Testa, head of Friedman LLP's Trust and Estates Group in its East Hanover office. Thanks to the Tax Cuts and Jobs Act, the standard tax deduction will become $12,000 per person in 2018 — almost twice what it was in 2017 ($6,350). And, a married couple's standard deduction increases…