Parsippany, NJ, July 7, 2023 – SAX has been ranked as the 13th largest accounting firm in New Jersey by NJBIZ in the media property’s 2023 Top Accounting Firms in…
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As a nonprofit, you have likely been asked many times, “What is your program expense percentage?” But what does this percentage actually mean, and what does it mean for your…
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On June 14, 2023, Treasury and the IRS released long-awaited guidance on the changes to certain renewable energy tax credits enacted by the Inflation Reduction Act (“IRA”), which significantly impacts…
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On Tuesday, June 13th, the House Committee on Ways and Means (hereinafter the “Committee”) passed H.R. 3938 titled the Build It in America Act (hereinafter the “Act”) to restore American competitiveness…
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Losing a loved one is difficult, but those challenges can be magnified by the complex array of income, estate, and state tax reporting, tax elections, and financial decisions. What are…
read more Clients (and sadly some advisers) view gift tax returns as pretty simple projects without understanding the cost, complexity, or the need for consulting other advisers. That misconception can hinder an…
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In case you missed it, watch as Sax’s in-house experts provide valuable information regarding international and state and local tax, including: Residency – How is residency is determined for individuals…
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The Financial Accounting Standards Board (“FASB”) recently issued an accounting standard update (“ASU”) to the new leasing standard (ASC 842) to address related party arrangements between entities under common control. …
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Parsippany, NJ, March 17, 2023 – SAX has once again been named to Accounting Today’s top 100 firms in the country list, coming in at #68 and leaping 19 spots…
read more State income taxes can be onerous. Rates can reach 14%+ and the effects of a high state income tax on trust income over years, or decades for long term trusts,…
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