Insights
Stay informed with timely perspectives from the PNF team. Our insights cover accounting updates, tax developments, business strategy, and financial planning topics that matter most to business leaders and individuals.
Explore our blogs to stay ahead of regulatory changes and make confident financial decisions.
9 Tips for Better Estate Planning
At any given point in your life, you are bound to think or come across estate planning. Estate planning, in a nutshell, is managing and distributing your assets in case of injury or incapacitation events or death. Your assets can manifest in stocks, cars, houses, life insurance, pensions, and more.
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The IRS Postpones Tax Filing and Payment Deadlines for Hurricane Ida Victims
Those victimized by Hurricane Ida are not alone during their time of need. The Internal Revenue Service (IRS) has benevolently postponed the tax filing deadline as well as the tax payment deadline for the victims of this storm.
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Are You a Small Business Owner? You Might Qualify for the Home Office Deduction
Nowadays, it seems as though just about everyone works from home. The ongoing pandemic combined with technological innovations has empowered people across the United States to work remotely. However, plenty of these WFH (work from home) participants are overlooking the home office deduction. Let’s take a look at whether you qualify for this deduction.
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Governor Murphy Debuts the First Approval Through the Emerge Job Creation Program
Attention all New Jersey residents: Governor Phil Murphy recently announced the approval of the first-ever approval through the state’s Emerge Program. This NJ program created for new job incentives is a key component of the state’s Economic Recovery Act of 2020, commonly referred to with the acronym of ERA. Let’s take a quick look at what this legislation is all about.
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An Inside Look at how the Renewed Tax Credit is Making it Easier for Employers to Hire Workers
It is no secret that employers are having a hard time finding qualified workers. The so-called “Trump Bucks” and “Biden Bucks” provided workers with a financial lifeline during the ongoing pandemic. Some workers have simply decided it is better to accept public assistance rather than earn their keep. However, there is hope for employers seeking hardworking employees in the form of the renewed tax credit.
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Florida Will Cut Corporate Income Taxes
Florida’s Department of Revenue recently announced its corporate income tax is dropping to slightly more than 3.5%. The decrease will be applicable to 2021 onward. The reduction in corporate income taxes is a component of the Tax Cuts and Jobs Act that requires altering the corporate income tax rate when net collections for fiscal years surpasses adjusted forecasted collections in the same year.
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