With Al-Nesha Jones, CPA, MBA

Al-Nesha Jones of ASE Group Accounting Firm for Small Businesses and Individuals in New Jersey

Tea & Tax Talk

Tea & Tax Talk is a blog that offers useful insights, tips, and news pertaining to accounting, entrepreneurship, and small business in order to aid in business growth, financial management, and staying current with industry trends.

What Triggers a Tax Audit?

The thing that scares most people about doing their taxes is the fear of being audited by the IRS. Studies have shown that over 50% of...

Feb 28, 2023

Is My Airbnb Rental Subject to Self-Employment Taxes?

The rise in popularity of Airbnb rentals is due mostly in part to the relatively stress-free way that someone can earn extra income from...

Feb 14, 2023

How Does Marriage Affect My Taxes?

First comes love, then comes marriage, then comes…the reality that your taxes have completely changed. How romantic, right?! Getting...

Jan 3, 2023

10 Reasons to Consider Revising Your Form W4

I’ve always wondered why tax returns had to be so difficult…. They’re really just a reconciliation of the previous year. We start with...

Dec 21, 2022

We're Considering a Divorce... Now What?

Divorce…it’s rarely easy, and without a doubt, will impact almost every aspect of your life, including your taxes. This blog is designed...

Dec 7, 2022

I Purchased My 1st Home... Now What?!

POV: You’ve recently closed on your first home (Congratulations!). For as long as you can remember, people have told you that once you...

Nov 23, 2022

2023 Tax Bracket Updates

Tax brackets, deductions, and credit will all be impacted by the 2023 inflation adjustments. Among the most important provisions: ▪️ The...

Nov 9, 2022

2019 NJ ANCHOR Benefit Filing Information

If you were a NJ resident on October 1, 2019, and either owned or rented your main home (principal residence), then this info is for you....

Oct 12, 2022

Do I Really Have to Keep All My Receipts?

Have you ever been in the checkout line and after you paid for your items the cashier asked, “would you like your receipt?” To save the...

Sep 28, 2022

What features inside QuickBooks Online make you more efficient?

Welcome to another article in an ongoing series about creating efficiencies with QuickBooks® Online. This installment comes from Al-Nesha...

Sep 14, 2022

Using Accountable Plans to Reimburse Expenses for S-Corps

We love the benefits of having one, but could do without strict requirements - yep, we’re talking about S-Corps. An S-Corporation, or...

Aug 31, 2022

What is Considered a Reasonable Salary for an S-Corp Shareholder?

The answer most shareholders want to hear: whatever you want! The realistic answer: It depends. As an S-Corp shareholder, you are privy...

Aug 17, 2022

Should I Start a Business so I Can Deduct Losses and Put My Children on Payroll?

Q: Should I start a business so that I can take losses that'll reduce my tax bill and allow me to pay my children a salary? A: The short...

Aug 3, 2022

Can I Be My Own Registered Agent?

Before we get started, let’s clarify what a registered agent is and how it applies to your small business. A registered agent is an...

Jul 6, 2022

Can I Put Myself on Payroll?

The age old question we receive from many small business owners - can I put myself on payroll? A valid question at that because most...

Jun 22, 2022

Expense Tracking Tips for Small Businesses

Running a business and managing the day-to-day operations is a full-time job in itself. As a small business owner, it’s easy to think you...

Jun 8, 2022

Breaking Down Business Entities

It’s most people’s dream to start their own business and have the freedom to be their own boss. Of course, that starts with coming up...

Understanding the Accrual Method for Sales Tax

May 4, 2022

Accounting

Understanding the Accrual Method for Sales Tax

Cash basis versus accrual basis is one of the most confusing concepts for many business owners. Generally speaking, you can choose which...

Apr 5, 2022

NJ Sales Tax - That's Taxable?!

Would you believe that over half of the small business owners we consult with have no idea that they may have a sales tax obligation?...

Apr 5, 2022

Contractor vs Employee: How to Determine What Your Team Members Are

So your business is growing and you need to hire… exciting, right?! Overwhelming too, right? As a new and/or growing business owner, it...

Mar 2, 2022

Accounting Tips for Entrepreneurs and Small Business Owners

There’s no doubt that entrepreneurs and small business owners are often considered experts within their individual industries. I mean,...

With Al-Nesha Jones, CPA, MBA

Tea & Tax Talk

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