ThomasRoss Financial Group

ThomasRoss Financial Group We are a highly qualified team of financial advisors, accountants & business consultants. For more d

Business consultants committed to providing comprehensive financial solutions to start-up ventures, well-established business enterprises and individuals.

Until recently, much uncertainty surrounded planning. The Tax Cuts and Jobs Act doubled the federal gift and tax e...
09/10/2026

Until recently, much uncertainty surrounded planning. The Tax Cuts and Jobs Act doubled the federal gift and tax exemption to an inflation-adjusted $10 million, but only for 2018 through 2025. Fortunately for those with larger , in 2025, legislation was signed into law that increases the exemption to $15 million for 2026, with annual adjustments going forward — and no expiration date. To know more visit our website at: https://shorturl.at/yjcWr

An unexpected influx of money (such as from an , , settlement or win) can feel exciting and full of possibility. B...
02/03/2026

An unexpected influx of money (such as from an , , settlement or win) can feel exciting and full of possibility. But without a clear plan, that financial good fortune might not last as long as you’d hoped.Contact our office for help evaluating the impact, prioritizing goals and creating a personalized plan to make your last for years to come.To know more visit our website at:https://freeshort.info/etck68

It’s hurricane season, which is just one of several and other natural companies may face, depending on location. T...
11/04/2025

It’s hurricane season, which is just one of several and other natural companies may face, depending on location. Tornadoes, floods and wildfires also pose serious threats. According to the Federal Emergency Management Agency (FEMA), about 25% of never reopen after a major disaster. And many that do reopen struggle to recover. To lower the risk of closure and improve your chances of a strong recovery, establish a comprehensive before disaster strikes. Your may never be directly impacted by a severe event or other natural disaster. But having a solid emergency preparedness plan can still offer tangible , such as lowering certain business costs. More importantly, it brings peace of mind that allows you to stay focused on running and growing your , rather than worrying about the possibilities. Contact the office for guidance tailored to your situation.To know more visit our website at:https://shorturl.at/4xuc8

The legislation known as the One, Big, Beautiful Bill Act #(OBBBA). As expected, it extends and enhances many of the ...
07/28/2025

The legislation known as the One, Big, Beautiful Bill Act #(OBBBA). As expected, it extends and enhances many of the breaks from the Tax Cuts and Act (TCJA).
Highlights for Businesses:
*Makes permanent and expands the 20% Sec. 199A qualified (QBI) deduction for owners of pass-through entities (such as , limited companies and corporations) and proprietorships.
*Makes bonus depreciation permanent and increases it to 100% for qualified new and used acquired after January 19, 2025.
Contact the office with questions about how the new law will affect you.To know more visit our website at:rb.gy/2ymrx7.

Many businesses need to have some available. But having too much is expensive, not just to but also to , safeguar...
02/26/2025

Many businesses need to have some available. But having too much is expensive, not just to but also to , safeguard and insure. So, keeping your inventory as lean as possible is critical. Effective management starts with an accurate physical inventory count. This allows you to determine your true of goods and identify and remedy discrepancies between your physical count and perpetual inventory records.To know more visit our website at:https://rb.gy/9hpooa

If the fringe benefits of your job include employer-paid group insurance, a portion of the for the coverage may be...
10/10/2024

If the fringe benefits of your job include employer-paid group insurance, a portion of the for the coverage may be . And that could result in undesirable tax consequences for you.
To know more visit our website at: https://shorturl.at/z727A

If you’re a owner, your company is likely your most valuable . To ensure it survives after you’re gone, you first nee...
09/05/2024

If you’re a owner, your company is likely your most valuable . To ensure it survives after you’re gone, you first need a plan that will provide a smooth transition of the business to one or more of your children. More at:https://rb.gy/0no51w

Should you operate as a corporation or as a pass-through entity such as a , liability company (LLC) or corporatio...
08/19/2024

Should you operate as a corporation or as a pass-through entity such as a , liability company (LLC) or corporation? Clearly, many factors are involved in determining which entity type is best for your business.More at our website:https://rb.gy/izchue

Be careful that your independent are properly classified for federal and employment tax purposes, because if the r...
07/19/2024

Be careful that your independent are properly classified for federal and employment tax purposes, because if the reclassifies them as employees, it can be an expensive mistake. To know more visit our website at:https://rb.gy/kxlx81

If you check the Internal Code, you may be surprised to find that most aren’t specifically listed there. For examp...
06/24/2024

If you check the Internal Code, you may be surprised to find that most aren’t specifically listed there. For example, the law doesn’t explicitly state that you can deduct office supplies and certain other expenses. To know more visit our website at:https://rb.gy/3ul3p9

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Rockaway, NJ
07866

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+18889040046

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