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March 28, 2025 | Business Taxes Archives

April 2022 Tax Deadlines for Business

January 3, 2022 | Business Taxes Archives

Are Economic Injury Disaster Loans (EIDL) Taxable in New Jersey?

December 29, 2021 | Business Taxes Archives

How Does The PPP Loan Affect Your Small Business Taxes in New Jersey?

February 11, 2025 | Accounting Archives

Tsamutalis & Company Welcomes Rausa Barlotta & Associates, Expanding Its Footprint in the Accounting Sector

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May 22, 2026 Uncategorized

S-Corp vs. LLC Tax Savings in New Jersey: Which Structure Is Right for Your Business?

If you’re a profitable small business owner in Bergen County or anywhere in Northern NJ, you’ve likely heard that electing S-Corporation status can save you thousands in taxes. It can — but the math isn’t always as simple as the internet makes it seem, and New Jersey adds its own layer of complexity. At TsamutalisContinue reading "S-Corp vs. LLC Tax Savings in New Jersey: Which Structure Is Right for Your Business?"

May 15, 2026 Uncategorized

How Much Should a Small Business Set Aside for Taxes in New Jersey?

Running a small business in New Jersey comes with plenty of rewards — and plenty of tax obligations. One of the most common questions Bergen County business owners ask us is: how much of my revenue should I be setting aside for taxes? The honest answer is that it depends on your business structure, incomeContinue reading "How Much Should a Small Business Set Aside for Taxes in New Jersey?"

May 8, 2026 Uncategorized

When Should You Hire a CPA Instead of Using Tax Accounting Software?

Tax filing software has made filing a personal return faster and cheaper for millions of Americans — and for straightforward situations, it does the job. But if you own a small business in New Jersey, the question isn’t whether tax filing software is capable. It’s whether it’s costing you more than you’re saving. At TsamutalisContinue reading "When Should You Hire a CPA Instead of Using Tax Accounting Software?"

August 25, 2025 Accounting Archives

Major Provisions and Effective Dates

We model the economic, revenue, and distributional effects of the following major provisions, effective after the end of 2025 unless other dates are specified: Individual Tax Provisions Estate Tax Provisions Business Tax Provisions

March 28, 2025 Business Taxes Archives

April 2022 Tax Deadlines for Business

Without fail, at the beginning of every calendar year, we are contacted by both businesses and individuals to inquire about, or rather, confirm tax deadlines. Because Washington D.C. observes the April 16th holiday, Emancipation Day, which happens to fall on a Saturday this year, the holiday will instead be observed the day prior, April 15th,Continue reading "April 2022 Tax Deadlines for Business"

February 11, 2025 Accounting Archives

Tsamutalis & Company Welcomes Rausa Barlotta & Associates, Expanding Its Footprint in the Accounting Sector

Upper Saddle River, NJ – Tsamutalis & Company is thrilled to welcome Rausa Barlotta & Associates, a highly respected firm renowned for its personalized accounting and tax services, to its team of professionals. This strategic partnership enhances Tsamutalis & Company’s service offerings and strengthens its ability to address the evolving needs of clients. Founded onContinue reading "Tsamutalis & Company Welcomes Rausa Barlotta & Associates, Expanding Its Footprint in the Accounting Sector"

January 3, 2022 Business Taxes Archives

Are Economic Injury Disaster Loans (EIDL) Taxable in New Jersey?

Before we respond as to whether Economic Injury Disaster Loans (EIDL) are taxable in New Jersey, let’s begin by defining what an EIDL is, its purpose, how it is used, and who is eligible to apply for them. Economic Injury Disaster Loans (EIDL) are made available through the Small Business Administration (SBA), and are theContinue reading "Are Economic Injury Disaster Loans (EIDL) Taxable in New Jersey?"

December 29, 2021 Business Taxes Archives

How Does The PPP Loan Affect Your Small Business Taxes in New Jersey?

Based on recent Google Trends, many small businesses have been searching “How does the PPP loan affect your small business taxes in New Jersey?” Let’s answer that question by first posing some pertinent, related questions you may already have that will better help to bolster and clarify our answer to the main question: In responseContinue reading "How Does The PPP Loan Affect Your Small Business Taxes in New Jersey?"

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December 3, 2021 Business Taxes Archives

Many Overlooked Tax Deductions for Small Businesses in New Jersey!

Cutting right to the proverbial chase, many small businesses simply don’t realize how much they can save. Let us show you these simple tax deductions that can really save you money. However, just to backtrack a bit prior to outlining these deductions, simply realize that the more legitimate tax deductions your business can take, theContinue reading "Many Overlooked Tax Deductions for Small Businesses in New Jersey!"