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North Essex Chamber

Connecting Business and Community

The North Essex Chamber is the official Chamber of Commerce for 9 towns in northern New Jersey: Montclair, Verona, Cedar Grove, Essex Fells, Caldwell, North Caldwell, West Caldwell, Roseland and Fairfield. The North Essex Chamber is dedicated to the economic and civic well-being of the business community through leadership, education and service. It exists to ensure that businesses grow and prosper in the community, while supporting the community in return.

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Chamber Blog

Gift Tax Exemptions

Take Advantage of Gift Tax Exclusion Rules

By Julia Tsoy | October 10, 2019

As we head toward the gift-giving season, you may be considering giving gifts of cash or securities to your loved ones. Taxpayers can transfer substantial amounts free of gift taxes to their children and others each year through the use of the annual federal gift tax exclusion.

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The next estimated tax deadline is September 16: Do you have to make a payment?

By Julia Tsoy | September 12, 2019

If you’re self-employed and don’t have withholding from paychecks, you probably have to make estimated tax payments. These payments must be sent to the IRS on a quarterly basis. The third 2019 estimated tax payment deadline for individuals is Monday, September 16. Even if you do have some withholding from paychecks or payments you receive, you may still have to make estimated payments if you receive other types of income such as Social Security, prizes, rent, interest, and dividends.

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Volunteering for Charity: Do You Get a Tax Break?

By Julia Tsoy | August 1, 2019

If you’re a volunteer who works for charity, you may be entitled to some tax breaks if you itemize deductions on your tax return. Unfortunately, they may not amount to as much as you think your generosity is worth.

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