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Taxes

Thursday, September 27, 2012

Audit Results Have Committee Touting Financial Condition

Hillsborough pays less per resident than nearby towns of similar size, results showed.

Hillsborough has passed its annual fiscal physical. Not only has an audit and the state found the township in good financial shape, its per capita spending is the lowest of neighboring municipalities of similar size. That news was given at Tuesday’s Township Committee meeting as the governing body accepted the annual audit with two minor recommendations and received word that Hillsborough’s fiscal procedures and policies meet the state’s “best practices” standard. That qualifies the municipality to receive 100 percent of the eligible state aid. The audit, prepared by independent auditors, recommended only that the township make sure deposits are made within 48 hours of receiving funds and that outstanding open purchase orders should be …

Friday, September 7, 2012

State Auctioning Ash's Flower Farm Site

Business and owner owes about $289,000 in back taxes; suppliers also say they are owed thousands.

The State of New Jersey will auction off the former Ash's Flower Farm business site on Route 206 next week in an effort to recoup some of the estimated $289,000 in back taxes owed by the shuttered business. The troubles facing the business also include at least two suppliers who say they were not paid for merchandise. Bill Quinn, a spokesman for the state Department of Treasury, which oversees the Division of Taxation, said the auction is scheduled for 10 a.m. Thursday at the business location at 135 Route 206. He said the auction will be held unless the state is able to make arrangement for payment with Ronald Ash, who is listed as the owner of the business. The taxation division posted a “Notice of Seizure” on the Hillsborough property …

Monday, April 2, 2012

Who Do You Trust to Prepare Your Taxes in Town?

There's H&R Block, Hillsborough Income Tax and a variety of CPAs in Hillsborough.

There are less than two weeks before the tax filing deadline, have you had your documents prepared? Our Readers' Choice contest continues this week and we want to know who you trust in Hillsborough to prepare your taxes. The following are the tax preparers we have listed in Hillsborough. Did we miss anyone? Let us know in the comments. Voting in the poll below is open until Friday at 9 a.m. We will announce the winner Friday around noon. Vote in the poll and be sure to leave a review on the tax preparer's directory listing. Editor's note: The winner will be selected on a point system based on poll votes and directory ratings. If there is a tie, a winner will be determined by the amount of positive comments posted on this article and …

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Curt Carnes

12:51 pm on Thursday, April 5, 2012

Steve, My taxes are complicated, self employed, 1099 income, stock sales, stock gains, losses, write downs, college offsets, capital gains, DRIPS, IRAs, Derivatives, REIT, LEAPS , day trades, and I have to file quarterly and yearly. Anyway, I use Chris Demba, and he always does a better job than turbo tax, if I run one against the other. I’m not knocking Turbo Tax (after all my name isn’t Ben …   more ›

Thursday, February 23, 2012

Hillsborough's Top-10 Business Taxpayers

Business that pays the most in township taxes isn't a storefront location.

The highest business taxpayer in town doesn’t have a huge storefront or sales galore. Instead, the merchant paying the highest property taxes, Texas Eastern Transmission, runs miles of natural gas pipeline underground. The pipeline company, which is part of Spectra Energy, paid about $1,329,579.08 in taxes in 2011, for seven locations in town that are designated vacant land, industrial and commercial properties. The lack of storefront businesses on the town’s highest commercial taxpayers list is a trend that extends to many of the spots on the list with many industrial locations included. The second highest business taxpayer in town, KD Hillsborough 44A, Inc., which owns the Hillsborough Promenade complex on Route 206 and Falcon Road, is …

Monday, June 27, 2011

Column: Should Public Workers Have to Pay More?

The state's fiscal mess is mostly not their fault.

Over the last few weeks, the battle over New Jersey public employee pensions and health benefits has been fierce. Last week, the workers wound up the losers. The issues often are portrayed as simple ones—the unions are bullies who strong-armed state or local employers to get cushy perks for their members, or the governor and Legislature are the bullies stealing hard won benefits and collective bargaining rights from poor workers. It’s actually much more complicated than that. Way back 20 or 30 years ago, there was pretty much no doubt that New Jersey’s public workers on a whole were low-paid compared with people in the private sector. If you went to work in a public job, it was for the benefits, particularly for a good pension. Then came …

Roll Back Our Tax

7:29 pm on Friday, December 30, 2011

Glad 2011 will be over soon. Will 2012 be any better? Probably not. A look at things to come with Greece leading the way. See what happens when austerity plans have to be implemented because a country is too deep in debt to pay their public employees and they take it out on the private sector workers still employed. . http://www.telegraph.co.uk/finance/financialcrisis/8786547/The-Greek-tragedy-no…   more ›

Monday, June 20, 2011

Column: Know How Much Your Teachers Make

You can be nosey, or you can use the data to become a better citizen.

Last week, the New Jersey Department of Education released its database of school salaries. This has become an annual rite, usually at the end of or soon after the end of the school year. The information includes years of experience, educational degrees, job titles and, of course, the salary for every professional public school employee in the state. That means teachers, principals, superintendents, librarians, guidance counselors and others. It provides fodder for news stories. It gives citizens specifics about how tax dollars are being spent. And it ticks off more than a few educators who are appalled that their salaries are being publicized for their neighbors, friends and all the world to see. Used to be, pre-Internet, newspapers would…

Tuesday, January 4, 2011

250 Residents Already Plan to Meet With Appraisal Firm

Appraisal Systems Inc. expects more residents to file before the Jan. 21 deadline.

Representatives from Appraisal Systems Inc., of Morristown, expect to have more people schedule meetings to review tax revaluations, though about 250 people have scheduled the meetings thus far. Reasons for meeting with appraisers can range from general information about the revaluation process to requests for reconsideration of a property's value, according to Brett Trout, of Appraisal Systems. "Very few people want higher assessed values," Trout said. "They are typically looking for lower values because it lowers their tax bill." "If someone feels the number for their property value is high, we will review it," he added. The tax revaluation notices were sent to residents last month, after a three-year revaluation process mandated by the …

BoomBoom

9:04 pm on Tuesday, January 4, 2011

Sounds like smoke & mirrors or a shell game to me. The township is effectively shielding itself from a disgruntled public in this fashion.   more ›

Sunday, December 19, 2010

No Buyers in Private Tax Lien Sale

Inquiries made into 26 properties, but no offers extended.

Despite sending 40 letters to buyers who participated in the township's last three tax lien sales, no offers were made during a private sale of 26 properties with outstanding taxes. "I received several inquiries, but received no offers to purchase any of the 26 open municipal liens," Chief Finance Officer Nancy Haberle said. In September, the Township Committee initially authorized Haberle to pursue the private sale in an effort to recoup the outstanding taxes on the properties. Haberle compiled a list of the 26 properties and potential buyers and sent the letters regarding the sale, she said. Pricing for the properties would be determined by the value of each property and the amount of back taxes owed on it. The properties are located …

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