General News

Guidance released that enables nonprofits to use clean energy tax credits
Guidance released that enables nonprofits to use clean energy tax credits 400 400 SAX - Advisory, Audit and Accounting

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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SAX Legislative Update from the Hill
SAX Legislative Update from the Hill 400 400 SAX - Advisory, Audit and Accounting

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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My mom just passed – what tax, legal and financial matters do I need to address?
My mom just passed – what tax, legal and financial matters do I need to address? 400 400 SAX - Advisory, Audit and Accounting

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…

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Can’t I just ignore Biden’s Greenbook Estate Tax Proposals?
Can’t I just ignore Biden’s Greenbook Estate Tax Proposals? 400 400 SAX - Advisory, Audit and Accounting

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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WATCH THE Q1 TAX WITH SAX WEBINAR: A FOCUS ON SALT AND INTERNATIONAL TAX
WATCH THE Q1 TAX WITH SAX WEBINAR: A FOCUS ON SALT AND INTERNATIONAL TAX 400 400 SAX - Advisory, Audit and Accounting

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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Recent Updates to the New Leasing Standard (ASC 842)
Recent Updates to the New Leasing Standard (ASC 842) 400 400 SAX - Advisory, Audit and Accounting

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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Accounting Today Ranks SAX #68 Top Firm in U.S., #6 Fastest Growing Firm in U.S., and a Regional Leader Among Other Accolades
Accounting Today Ranks SAX #68 Top Firm in U.S., #6 Fastest Growing Firm in U.S., and a Regional Leader Among Other Accolades 400 400 SAX - Advisory, Audit and Accounting

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…

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MY IRREVOCABLE TRUST HAS BEEN PAYING STATE INCOME TAX FOREVER. IS THERE ANY WAY TO AVOID STATE INCOME TAX?
MY IRREVOCABLE TRUST HAS BEEN PAYING STATE INCOME TAX FOREVER. IS THERE ANY WAY TO AVOID STATE INCOME TAX? 400 400 SAX - Advisory, Audit and Accounting

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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Sax’s 2022 Year in Review
Sax’s 2022 Year in Review 400 400 SAX - Advisory, Audit and Accounting

As we look forward to a prosperous new year at Sax, we are proud to reflect on all that we have accomplished in 2022. From taking our first steps in…

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SAX Expands International Tax Expertise with Addition of Lisa Goldman
SAX Expands International Tax Expertise with Addition of Lisa Goldman 400 400 SAX - Advisory, Audit and Accounting

Parsippany, NJ, February 22, 2023 — Top 100 accounting, tax and business advisory leader, SAX, announces the addition of Lisa S. Goldman, CPA, M.Tax, TEP to lead the firm’s International…

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