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.

Jersey City, New Jersey – November 16, 2015 – Time and time again, thousands of New Jersey’s women entrepreneurs continue to impress with their admirable drive and business success. However, a selective group of twenty-five esteemed women far exceed the confines of traditional success and continue to push the boundaries with their businesses.

Linda Wellbrock, CEO and Founder of Leading Women Entrepreneurs has been recognized by Fairleigh Dickinson University for her accomplishments during the Fall 2015 semester.

Join us at the Annual LWE Top 25 Recognition Event: Embracing the Future

Each year, businesses and their tax advisors have grown accustomed to not knowing what the laws are pertaining to computing depreciation for federal income tax purposes until late in the year. There are more than 50 different “extenders” – various tax provisions that have only been extended for either one or two years at a time. In addition to depreciation items, the list includes the sales tax deduction, educator expense deduction, research tax credit, ability to transfer funds from an IRA to a charity, and various energy credits.

In December 2014, the Community Development Financial Institutions (CDFI) Fund released an updated NMTC Compliance Frequently Asked Question (FAQ) document. The questions in the new document address a range of issues including Treasury Directive (TD) 9600, the definition of a non-real estate versus real estate-qualified active low-income community business (QALICB),