In my lifetime, I’ve made LOADS of serious financial gaffes! Rather than beating myself up about how stupid I’ve been, I’ve tried to adopt a mistake-positive philosophy. As I said, I’m not proud! So today I’m going to try to rectify things by showing you what a big idiot I’ve...
There are millions of taxpayers in the US who hold wage-paying jobs where income taxes are withheld from their checks based on the information provided on Form W4 to their employer. But what if you don't have a job where there's withholding? That's the case for millions of self-employed...
How to improve your credit score instantly. Dear Alba Translations, CPA, Thanks for offering your advice on fixing my credit score. I have a 626 credit score and am looking to improve my credit profile in preparation for purchasing my first home. I read that a relative...
2018 Tax Planning Ideas & Updates To Our Clients and Friends: Over the past several months, we’ve digested the many tax law changes brought by the Tax Cuts and Jobs Act (TCJA). These changes bring a host of uncertainties as well as 2018 tax planning ideas...
Choosing the right business entity and the business tax filing implications. The business structure you choose will have legal and business tax filing implications. To get the most out of your small business, choose the right structure. Therefore, selecting the right type of company or corporation...
TAX SAVING STRATEGIES – SALARY vs. DISTRIBUTIONS. TAX SITUATION Every year I get asked by my clients: How can I save money on my taxes and not get in trouble with the IRS? What the right mix of salary and distributions from my S-Corp? Every year, I...
Tax season starts on January 29th - here's why you should file early. Good news...
January 23rd is the anticipated start to the season to file your 2016 tax return The IRS announced that they will start accepting e-filed tax returns on Monday, Jan. 23, 2017. We at Alba Translations CPA will be accepting tax returns before Jan. 23 and then...
9 simple steps to buying a home – Concept to Closing – from a NJ CPA perspective! Buying a home is the most exciting and stressful time in a person's life. You are making one of the biggest decisions of your life, and preparing ahead of...
Let's breakdown the average tax preparation fees in NJ How much will my tax return cost? This is the question on everyone's mind at the beginning of each tax season. We will breakdown the average tax preparation fees in NJ as well as review IRS published...