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Trenton NJ, a collection of more than 100 business, labor and nonprofit groups have sent a letter to all members the New Jersey Legislature urging them to oppose Gov. Phil Murphy’s proposed $1-billion-plus business tax increase on business in the FY25 State Budget.
Continue reading New Jersey’s Economic Competitiveness Goes From Bad to Worse
photos courtesy of Ridgewood Schools
the staff of the Ridgewood blog
Ridgewood NJ, April 15th is just a hop, skip, and a jump away, so some RHS students in Mrs. Anderson’s Statistics with Finance course learned about filing taxes and completed a 1040 form activity, using either their own W2 or a sample W2 to file their 2023 tax return!
the staff of the Ridgewood blog
Ridgewood NJ, with Tax Day coming up on April 15 and 72% of Americans thinking their current tax rate is too high, WalletHub today released its report on the states with the Best & Worst Taxpayer Return on Investment in 2024, as well as expert commentary.
Continue reading WalletHub Study: New Jersey Is 2024’s State with the 9th Worst Taxpayer ROI
sometimes you can fall off the floor
the staff of the Ridgewood blog
Trenton NJ, NJBIA released its 2024 Regional Business Climate Analysis showing New Jersey continues to remain last in the region by a wide margin in terms of business taxes and cost competitiveness.
file photo courtesy of Boyd Loving
the staff of the Ridgewood blog
Ridgewood NJ, the Village of Ridgewood Council convened on Wednesday evening to address the 2024 fiscal year budget and receive a comprehensive overview of spending levels from 2023. Village Manager Keith Kazmark and Village CFO Bob Rooney presented the budget specifics to the mayor and council during the session.
Continue reading Village of Ridgewood 2024 Budget Calls for a 2.74% Tax Increase
By Scott Goldstein, Communications Manager, N.J. Chamber of Commerce
Trenton NJ, New Jersey Chamber of Commerce President and CEO Tom Bracken, delivering testimony this morning in front of the Assembly Budget Committee, said the proposed $56 billion state budget would inflict damage on New Jersey’s economy and its reputation as an improving destination to run a business. Bracken primarily took aim at what he called a “punitive and egregious” 2.5% Corporation Business Tax hike on the state’s biggest employers.
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Trenton NJ, with Gov. Phil Murphy and some lawmakers continuing to advance policies that will harm New Jersey businesses of all sizes, NJBIA is launching a Do Better for Business awareness video campaign to hold them accountable and to bring more concise visibility to anti-business policies that require change.
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Roseland NJ, this afternoon, Governor Phil Murphy delivered his budget proposal for New Jersey’s 2025 fiscal year which begins July 1. After months of reassuring the state’s business community that he would let the 2.5% Corporation Business Tax (CBT) surcharge expire, he has proposed reinstating it and returning New Jersey to its status as an extreme outlier for business taxes.
the staff of the Ridgewood blog
Trenton NJ, the National Federation of Independent Business (NFIB), the nation’s leading small business advocacy association, released the following statement by State Director Eileen Kean in response to Gov. Phil Murphy’s new budget message.
Running an offshore company can be an attractive option for entrepreneurs looking to expand their business horizons. The prospect of favorable tax policies, privacy provisions, and access to global markets make offshore jurisdictions appealing.
Continue reading What You Need to Know About Running an Offshore Company?
file photo by Boyd Loving
the staff of the Ridgewood blog
Ridgewood NJ, Each year, the average American household spends $2,869 on real-estate property taxes plus another $448 for residents of the 26 states with vehicle property taxes.
Continue reading New Jersey Is 2024’s State with the Highest Real-Estate Property Taxes
Trenton NJ, with the U.S. having gained 216,000 jobs in December, WalletHub today released updated rankings for its report on Changes in Unemployment Rate by State, along with a WalletHub Q&A.
Continue reading New Jersey Is the State with the 2nd Worst Unemployment Rate Change
the staff of the Ridgewood blog
Washington DC, on January 16, 2024, the websites of the United States Senate Committee on Finance and the United States House Committee on Ways and Means, Senate Finance Committee Chairman Ron Wyden (D-Ore.) and House Ways and Means Committee Chairman Jason Smith (R-Mo.) jointly announced “a commonsense, bipartisan, bicameral tax framework that promotes the financial security of working families, boosts growth and American competitiveness, and strengthens communities and Main Street businesses.”
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Trenton NJ, New Jersey is set to become one of a handful of states with a minimum wage of at least $15/hour on January 1, 2024 when the rate increases to $15.13/hour, surpassing the goal set by Governor Murphy and the Legislature in 2019.
Continue reading New Jersey Set to Raise Minimum Wage January 1, 2024
the staff of the Ridgewood blog
New York NY, if you define insanity as repeating the same actions and expecting different outcomes, then New York politicians appear to be candidates for an asylum.
