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Archive by Month: August 2022

What New Jersey Taxpayers Need to Know About the IRS’ 2022-2026 Strategic Plan

Offshore Account Update

Posted in on August 31, 2022

The Internal Revenue Service (IRS) recently released its Strategic Plan for fiscal years 2022 through 2026. The IRS’ Strategic Plan contains some important insights for both individual and corporate taxpayers—including insights regarding the IRS’ enforcement priorities over the next five years.

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Important Tax Considerations for New Jersey Businesses Closing Their Doors in 2022

Offshore Account Update

Posted in on August 12, 2022

If your business has recently closed its doors for good, you are not alone. While the Paycheck Protection Program (PPP) and other pandemic relief programs offered short-term lifelines for many businesses, this often proved not to be enough. From soaring inflation to the unbalanced labor market, a variety of factors have come together to create an extremely challenging business environment in 2022.

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