The 2016 Leading Women Entrepreneurs finalists were announced and invited to network together on May 4 at the Money, Power, Procurement and Media event held at The Palace at Somerset. They joined hundreds of top women business leaders at an event that not only celebrated the distinguished achievements of New Jersey’s top women business leaders, but provided actionable information and connections that would foster further growth.

A homeowner can deduct mortgage interest paid on a loan secured by either their principal residence or one secondary residence (qualified home). The definition of a residence includes stock in a cooperative housing corporation owned by a tenant-stockholder, often referred to as a co-op apartment. A boat can also qualify as a residence as long as it has a kitchen and sleeping facilities. If a taxpayer owns more than two residences, only one of the secondary residences can qualify for a home mortgage interest deduction, even if the taxpayer has no mortgage on their principal residence. A deduction cannot be claimed when a loan is taken out on one residence and the borrowed funds are used to purchase or construct a different residence.

Recently, we were interviewing candidates for a Door Opener® position for our company. There were two excellent candidates we were considering for an assignment. They both had similar skill sets and the same amount of experience, and both interviewed well. They both came to us by referral sources we trusted. How did we choose when […]

Break the glass ceiling at Leading Women Entrepreneurs conference and networking event

Imagine this is your reality: Your business is thriving and the salary that you were making annually is your monthly income. You are attracting more clients than ever imagined. You have funding to scale your company nationally or even globally, and now the media is featuring you as an industry expert.

On February 9, 2016 the president released his federal budget proposals for the 2017 fiscal year ending September 30, 2017. This article summarizes many of the tax changes contained in the budget proposal.

Business Tax Proposals

• Increase the maximum Sec. 179 expense limitation from $500,000 to $1 million
• Expand use of the cash method of accounting by small businesses to those entities with average annual gross receipts below $25 million over the preceding three tax years

Total transparency: The 17 women on this year’s Power 100 list outnumbered the women NJBIZ interviewed when compiling the list. An admitted mistake — one we will change going forward, starting now: In speaking with whom NJBIZ believed to be some of the most powerful women in the state, we asked who they, in turn, […]