Tax Lawyers in Englewood Cliffs

Englewood Cliffs, New Jersey has to collect taxes from its residents in order to pay for basic services that we've come to expect, like roads and schools.

In Englewood Cliffs, New Jersey, there are numerous different sources of tax revenue. Irrespective of the source, however, taxes are always levied in amounts decided by the relevant laws. Usually, taxes are calculated as a percentage of something, such as income or home value. Sometimes, however, they are simply collected as a flat fee (usually in exchange for a license or permit).

Residents of Englewood Cliffs are legally obligated to pay their taxes. Failure to do so can result in civil penalties, criminal fines, and even imprisonment.

Sources of Tax Dollars in Englewood Cliffs, New Jersey

Taxes can come from a wide number of sources in Englewood Cliffs, New Jersey, such as sales tax, administrative/licensing fees, and tolls.

Sales Tax: A sales tax in Englewood Cliffs is a surcharge added to the price of most goods that are sold by retailers to the general public. The government of further imposes a sales tax, which must be paid in addition to the local tax. Typically, local sales taxes are less than one percent, while state sales taxes are in the 5% range.

Licensing Fees: Englewood Cliffs issues licenses that are required to legally engage in certain activities. Most often, the purpose of these licenses is to raise revenue in the form of fees, making them comparable to taxes. One of the most common is the business license, which most businesses must obtain before operating.

Bridge/Road Tolls: Most major cities charge a toll to enter them via main roads or bridges. These fees are meant to pay for the upkeep of basic public infrastructure in Englewood Cliffs, by imposing a tax on visitors to it. In theory, this means that individuals who visit the city are obligated to contribute to the upkeep of the infrastructure that they will be using while present there.

How Can a Englewood Cliffs, New Jersey Tax Attorney Help?

Tax Law in Englewood Cliffs, New Jersey is not simple. Taxes are imposed on a wide range of activities, and the manner in which they're calculated can be very perplexing. Furthermore, there are usually special tax breaks or exemptions that may or may not apply to you.

Thus, it's essential that you obtain the counsel of a qualified tax lawyer in Englewood Cliffs, New Jersey if you think that you might need help with your local taxes.