Aumack, Gregor & Associates

Aumack, Gregor & Associates Wall, NJ CPA firm that provides a variety of accounting services to individuals and small businesses

HAPPY NEW YEAR! Reminding you that 1099's are required to be filed by January 31st. Any independent subcontractors that ...
01/03/2025

HAPPY NEW YEAR!

Reminding you that 1099's are required to be filed by January 31st. Any independent subcontractors that your business paid more than $600 during 2024 should be issued a Form 1099 NEC.

The IRS recently reintroduced Form 1099-NEC, used to report non-employee compensation paid to independent contractors or freelancers. Here's how it works.

With the holiday season upon us, you may be thinking about gifting a family member money and are curious if it will affe...
11/27/2024

With the holiday season upon us, you may be thinking about gifting a family member money and are curious if it will affect either of your tax returns. You will be happy to know, that the gift is non-taxable to the recipient and not a deduction for you. The 2025 annual gift tax exclusion is up to $19,000 per person!
Maybe your daughter needs some extra cash to do some home renovations or buy a new car; as a married couple you can each gift her $19,000 during the year for a total of $38,000 to help her out.
There is also no need to stress if you choose to (or need to) gift an amount greater than the annual exclusion amount. Your lifetime gift tax exclusion is $13.99 million.

BrightPersonal FinanceWealth ManagementTaxWhat You Need to Know About Gift Taxes in 2025CopyFacebookXTruthGettrLinkedInTelegramEmailSaveMost people don’t pay a gift tax because of the exceptionally large lifetime gift tax exclusion. Jack_the_sparow/ShutterstockBy Javier Simon11/23/2024Updated: 11/...

Why wait until the day you apply for Social Security to find out what you will be receiving. Visit the Social Security w...
11/19/2024

Why wait until the day you apply for Social Security to find out what you will be receiving. Visit the Social Security website today and create an account. After creating an account, you can view your Earnings History, see how much you could receive at Early Retirement, 'Normal' Retirement, or Delayed Retirement. This is a great first step to start planning for retirement!

Provides information and links to Social Security's online services.

The IRS offers a free online account to access your individual account information including current balance owed, tax p...
11/15/2024

The IRS offers a free online account to access your individual account information including current balance owed, tax payments made, tax records & transcripts, Identity Protection PIN and more. We recommend that every taxpayer create their own online account. Having access to this account let's you review your own IRS history and helps us help you should you run into any issues with the IRS.
Follow the link below to create your account today!

Sign in or create an online account. Review the amount you owe, balance for each tax year, payment history, tax records and more.

Happy Veteran's Day! Thank you to all who have served. Did you know you are eligible for a $6,000 exemption on your New ...
11/11/2024

Happy Veteran's Day! Thank you to all who have served.
Did you know you are eligible for a $6,000 exemption on your New Jersey Income Tax Return!? See the link below for more information.

New Jersey Division of Taxation, Income Tax Exemption for Veterans

Address

1540 Route 138 Suite 301
Wall, NJ
07719

Opening Hours

Monday 8am - 5pm
Tuesday 8am - 5pm
Wednesday 8am - 5pm
Thursday 8am - 5pm
Friday 8am - 5pm

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