General News

How the First Sale Rule Could Potentially Reduce Tariffs When Used Correctly

How the First Sale Rule Could Potentially Reduce Tariffs When Used Correctly 400 400 SAX

The First Sale Rule is a powerful but often underutilized provision in U.S. customs law that allows importers to potentially reduce the amount of duties they owe on imported goods.…

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SAX Expands Its Footprint in New Jersey and Bolsters Real Estate and Private Client Services Capabilities with Acquisition of Sewald & Anastasia CPAs

SAX Expands Its Footprint in New Jersey and Bolsters Real Estate and Private Client Services Capabilities with Acquisition of Sewald & Anastasia CPAs 400 400 SAX

Parsippany Headquarters, NJ – June 10, 2025 – SAX, a leading accounting, tax, and advisory firm ranked among the top 100 in the nation, is excited to announce its acquisition…

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TAX ALERT: Important Information Regarding the NEW New Jersey Tax Portal

TAX ALERT: Important Information Regarding the NEW New Jersey Tax Portal 400 400 SAX

New Jersey has launched the first phase of its modernized tax-filing system. Business owners can create profiles on the NJ Tax Portal to access filing assistance, account details, payment history,…

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New York Enacts Budget for Fiscal Year 2025-2026 with New Tax Provisions

New York Enacts Budget for Fiscal Year 2025-2026 with New Tax Provisions 400 400 SAX

On May 9, 2025, New York Governor Kathy Hochul signed A3009, implementing the state’s budget bill (the “law”) for the 2025-2026 state fiscal year. The law contains many tax provisions summarized…

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BE-10 Benchmark Survey: U.S. Direct Investment Abroad

BE-10 Benchmark Survey: U.S. Direct Investment Abroad 400 400 SAX

Every five years, the U.S. Direct Investment Abroad survey is to be filed out for the Bureau of Economic Analysis. This is currently due on May 30, 2025, for those…

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SAX’s 2025 Nonprofit Industry Update

SAX’s 2025 Nonprofit Industry Update 400 400 SAX

Join SAX on Thursday, June 5, 2025 in NYC for an in-depth discussion on the latest trends shaping the Nonprofit industry, key financial and compliance updates, and actionable strategies to ensure long-term sustainability and impact.

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SAX Announces Key Leadership Appointments: New Director of Cannabis and Head of Tax Controversy

SAX Announces Key Leadership Appointments: New Director of Cannabis and Head of Tax Controversy 1400 858 SAX

Parsippany, NJ, March 13, 2025 – SAX, a leading accounting and advisory firm, is pleased to announce the addition of Allison Kirchhofer , CPA, MBA as Director of Cannabis and the…

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SAX Recognized Among Top 100 Firms in Accounting Today Annual Ranking for Fifth Consecutive Year

SAX Recognized Among Top 100 Firms in Accounting Today Annual Ranking for Fifth Consecutive Year 400 400 SAX

Parsippany, NJ, March 6, 2025 – Joseph Damiano, CEO and Managing Partner of SAX, is proud to announce that the firm has earned a spot on Accounting Today’s prestigious list…

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TAX ALERT: Corporate Transparency Act Update

TAX ALERT: Corporate Transparency Act Update 400 400 SAX

On February 27, 2025, the Financial Crimes Enforcement Network (“FinCEN”) announced that it will not impose fines, penalties, or take enforcement actions against businesses that fail to file or update…

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Steps Your Nonprofit Can Take During These Uncertain Times

Steps Your Nonprofit Can Take During These Uncertain Times 400 400 SAX

As you are aware, the current Administration has issued a series of Executive Orders that will have significant implications for the nonprofit sector. Additionally, the Office of Management and Budget…

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