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Sax LLP

Filing Deadline Extended

The IRS Extended the Tax Filing Deadline from April 15 to July 15
The IRS Extended the Tax Filing Deadline from April 15 to July 15 400 400 SAX - Advisory, Audit and Accounting

As an update on the tax filing deadline, Treasury Secretary Mnuchin announced on Friday, March 20 that the IRS will be extending the tax filing deadline from April 15 to…

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FASB Issues Exposure Draft Regarding Contributed Non-Financial Assets for Not-for-Profits
FASB Issues Exposure Draft Regarding Contributed Non-Financial Assets for Not-for-Profits 150 150 SAX - Advisory, Audit and Accounting

In February 2020, the FASB proposed an update to improve generally accepted accounting principles (GAAP) by increasing the transparency of contributed non-financial assets for not-for-profit (NFP) entities through enhancements to…

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Key Changes to Construction Contractors’ Financial Statements Due to New Revenue Recognition Accounting Standard
Key Changes to Construction Contractors’ Financial Statements Due to New Revenue Recognition Accounting Standard 400 400 SAX - Advisory, Audit and Accounting

It’s hard to believe we are three months into the new year and as year-end accounting procedures are wrapping up, CPA issued financial statements are rolling out.  You will notice…

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Business Reinstatement and Dissolution Program Starting March 1
Business Reinstatement and Dissolution Program Starting March 1 150 150 SAX - Advisory, Audit and Accounting

The Department of the Treasury has recently announced a program designed to help businesses that have been revoked for failing to comply with State administrative reporting requirements.  The program enables…

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Focus On Time-of-Service Collections for Steady Cash Flow This Year
Focus On Time-of-Service Collections for Steady Cash Flow This Year 150 150 SAX - Advisory, Audit and Accounting

Congratulations, your practice survived the month of January!  While survival hopefully was never in doubt for your practice, January is typically the worst cash-receipt month of the year for many…

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Sax Gifts $15,000 to the Not-for-Profit, NJ Sharing Network through the 3rd Annual Founders’ Award
Sax Gifts $15,000 to the Not-for-Profit, NJ Sharing Network through the 3rd Annual Founders’ Award 150 150 SAX - Advisory, Audit and Accounting

Top 100 accounting, tax and business advisory leader, SAX, is proud to announce the winner of the firm’s 3rd Annual Founders’ Award – NJ Sharing Network – for best demonstrating their impact on their beneficiaries.

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New Jersey’s Misclassified Employees
New Jersey’s Misclassified Employees 150 150 SAX - Advisory, Audit and Accounting

New Jersey was working on legislation that would have virtually eliminated independent contractors.  That legislation did not pass, but in its place, five bills were passed or amended and signed…

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Governor Murphy Signs “Pass-Through Business Alternative Income Tax” Bill to Help New Jersey Taxpayers
Governor Murphy Signs “Pass-Through Business Alternative Income Tax” Bill to Help New Jersey Taxpayers 150 150 SAX - Advisory, Audit and Accounting

New Jersey Governor Phil Murphy signed the bill S-3246, called the “Pass-Through Business Alternative Income Tax Act” on Monday, January 13, 2020 to help business owners save federal income tax…

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Real Estate Owners: Are you Entitled to a Reduction in Your Taxes?
Real Estate Owners: Are you Entitled to a Reduction in Your Taxes? 150 150 SAX - Advisory, Audit and Accounting

New Jersey and New York continue to have one of the highest property tax burdens in the country.  As a result of market changes in the values of real estate…

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New Sax FOCUS Newsletter
New Sax FOCUS Newsletter 150 150 SAX - Advisory, Audit and Accounting

Our new Sax FOCUS newsletter delivers year-end tax saving moves and meaningful information from our in-house advisors on topics relevant to Construction, Healthcare, Manufacturing & Distribution, Not-for-Profit, Real Estate, Transaction…

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