What New York/New Jersey Metro Landlords And Tenants Should Know About The CDC Eviction Stay

Floating under the radar during so much NOISE the past couple weeks … the CDC announced a halt to evictions for renters, and that starts THIS WEEK. I have some guidance today for you about what that means (and what it doesn’t), but a couple other things first, before we get there. First, can we all celebrate a little good … Read More

What New York/New Jersey Metro Landlords And Tenants Should Know About The CDC Eviction Stay

Labor Tax Updates By Lillian Turner-Bowman

Everything about this year since March has just felt a little … off. And I mean aside from all of the cultural and political turmoil we’re living through. The seasonality of everything feels different too. Pro sports are out of sync, “back to school” season surely doesn’t feel normal (at least for most of my clients), and even something like … Read More

Labor Tax Updates By Lillian Turner-Bowman

Coming Back to You By Popular Demand “Tax Talk Tuesday”

Starting September 22nd, 2020, on Alternate Tuesdays through January 12th, 2021  Plug in to hear the latest tips and information directly from your trusted Tax Professional Experts. Topics include: COVID-19 Tax Law 2020 Unemployment Benefits PPP Loans EIDL Loans Organized Tax Receipts Tax Resolution/Penalties Schedule C Filers/Estimated Taxes Business Deductions Corp/LLC/S-Corp/Partnership Tax Homeowners/Rental Property Deductions Individual Tax Deduction Stay tuned … Read More

Coming Back to You By Popular Demand “Tax Talk Tuesday”

How New York/New Jersey Metro Taxpayers Can Lower Their 2020 Tax Bill

Finally, the IRS issued guidance on Friday evening about payroll tax deferrals. And, as we’ve been communicating … this may not be a very helpful program for most New York/New Jersey Metro taxpayers. In fact, it’s actually up to employers (not employees) whether or not to withhold Social Security payroll taxes from their employees’ paychecks from September through December. And … Read More

How New York/New Jersey Metro Taxpayers Can Lower Their 2020 Tax Bill

Controlling Your Tax And Financial Strategy In The Midst Of Chaos By Lillian Turner-Bowman

Still no guidance from the IRS about the payroll tax “holiday” (deferral), so it’s extremely unlikely that your New York/New Jersey Metro employer will be ready — simply because the major payroll companies (Paychex, ADP, Gusto, and many others) don’t have the answers to many questions. Implementing these kinds of “optional” changes is hard. For example, payroll companies would have … Read More

Controlling Your Tax And Financial Strategy In The Midst Of Chaos By Lillian Turner-Bowman

How To Ensure New York/New Jersey Metro Families Are Prepared For Chaos

Summer is nearing an end, but this has been no ordinary summer. Everywhere, parents are scrambling in the most unusual “back to school” season in memory. Fall sports are in limbo, and others (MLB, NHL, NBA) are operating in a weird Twilight Zone mode. Urban centers are shells of themselves, violence is rising, and this virus is still making its … Read More

How To Ensure New York/New Jersey Metro Families Are Prepared For Chaos

Truth and Fiction About the Trump Payroll Tax Cuts For New York/New Jersey Metro Taxpayers

Right now we’re living through an age in which media trust has been thoroughly decimated. “Expert” authority itself is being questioned (in many cases, rightly), and misinformation is rampant. That’s perhaps one of the reasons I’ve received so many visits to this website over the past six months from New York/New Jersey Metro taxpayers. Not that I’m “better” than the … Read More

Truth and Fiction About the Trump Payroll Tax Cuts For New York/New Jersey Metro Taxpayers

Now Is The Time For An Estate Plan For New York/New Jersey Metro Taxpayers

Right now, it’s almost impossible to escape the conflict, the noise, and the shaming over various cultural decisions we’re having to make. Lockdowns, schooling, more economic stimulus, elections, vaccines — it’s all enough to drive you crazy if you pay close attention. And here at Lillian’s Professional Services LLC, because we get to serve New York/New Jersey Metro families and … Read More

Now Is The Time For An Estate Plan For New York/New Jersey Metro Taxpayers

Lillian Turner-Bowman’s Guiding Principles For Teaching Kids About Money

However you slice it, the schooling situation right now is tough, with no good options. If you are vehemently in favor of full-on school … well, compassion would dictate that you would recognize that others are having more difficulty with that, for caution’s sake or for whatever other reason. Compassion doesn’t mean bullying, as I recall. And if you are … Read More

Lillian Turner-Bowman’s Guiding Principles For Teaching Kids About Money

A Strategy For New York/New Jersey Metro Taxpayers With A Higher Than Expected Tax Bill

Taking a look around the world these days, and where things seem to be headed… But our heads are high here at Lillian’s Professional Services LLC because we worked our tails off for our New York/New Jersey Metro clients this year. We helped a bunch of people save a ton on their taxes — with deductions and strategies they wouldn’t … Read More

A Strategy For New York/New Jersey Metro Taxpayers With A Higher Than Expected Tax Bill