Female entrepreneurs from New Jersey will hear a keynote address from Lucia Gibbons, Head of Wells Fargo’s Eastern Region Business Banking, that will address what female entrepreneurs need to do in order to succeed in this rapidly changing world.   Traits needed to succeed as an entrepreneur, how her team counsels business owners, and products available to start-ups will all be covered in Gibbons’s speech. A panel discussion of experts will include discussion on access to capital and childcare services, business development, and operations management.

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When tax return or tax payment deadlines fall on a recognized holiday, the due date is pushed back to the next business day. This often happens with the Martin Luther King holiday, which falls near the January 15th due date for remitting fourth quarter estimated tax payments by individuals.

A lesser known holiday is Emancipation Day, which celebrates President Lincoln’s signing of the Compensated Emancipation Act in 1862.. The holiday, which recognizes the freeing of 3,000 slaves in the District of Columbia (preceding the Emancipation Proclamation by nine months), was recognized from 1866 to 1901, but forgotten until it was rediscovered in 2005.

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Tax Extenders Legislation – It Was Worth the Wait

January 6, 2016 / in LWE in the News

With the Christmas recess rapidly approaching, Congressional negotiators agreed on a tax bill in the early hours of December 16, 2015. Titled Protecting Americans from Tax Hikes (PATH) Act of 2015, President Obama signed the bill into law on December 18, 2015. The PATH Act makes various expired provisions permanent, extends a number of provisions for five years, and extends other provisions through 2016. The estimated cost for the extension of the expired tax provisions is $622 billion over the ten-year period, 2016-2025.

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Year-End Tax Planning for Individuals

December 29, 2015 / in LWE in the News

There has been very little in the way of federal and New Jersey tax law changes for 2015. And with 2016 being a major federal election year, one would not expect any significant changes to the tax code next year. The next occupant of the White House will likely look to enact some degree of tax reform in 2017, similar to what President Bush did in 2001 and what President Obama did in 2009.

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“Information returns” is the formal name for the vast series of 1099 forms that the IRS has created, in large part, for purposes of reporting income paid by one taxpayer to another taxpayer. Taxpayers commonly receive 1099 forms reporting their receipt of dividends, interest, proceeds from sales of stocks, bonds and mutual funds, retirement plan distributions, state tax refunds, unemployment compensation, and the catch-all – miscellaneous income. The following discusses some of the major issues associated with the issuance of 1099s.

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Businesses, including sole proprietorships, partnerships and corporations, routinely have fiduciary tax responsibilities to the Internal Revenue Service and state taxing authorities to collect, report and remit certain taxes. These taxes are often referred to as “trust fund” taxes, namely, employee wage withholding, including FICA taxes (social security and Medicare withholding) and sales taxes.

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Our Sponsors

I just wanted to reach out to Thank you for all of your advice from the Money Power and Media event last May. I have been really proactive with all of your steps and I am starting to see a big difference. Getting involved with the LWE has really helped to get me out from behind the scenes, improve my self-confidence and get myself and company out in the media. I am now on the Board of Directors for the PWC NJ, was recently asked to be on my first panel (see below) and today Vericon was listed in the NJBIZ Top 250 Privately Held Companies in NJ. We are #142 !!! And of course the biggest accomplishment of the year, being a Top 150 2016 finalist for LWE. 2016 has been a huge year for me !

Tricia Russel Vohden

New York