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…
read moreThe House of Representatives Ways and Means Committee released their much-anticipated tax bill – “The One, Big, Beautiful Bill” – on May 12, 2025. Many of the proposed changes appear…
read moreEvery 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…
read moreJoin 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.
read moreOn March 21, 2025, the Financial Crimes Enforcement Network (“FinCEN”) announced the issuance of an interim final rule that significantly changes the reporting requirements for beneficial ownership information (“BOI”) under…
read moreParsippany, 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…
read moreThe recent election has ushered in legislative and regulatory changes that pose significant challenges for nonprofit organizations. In this uncertain environment, staying informed and proactive is essential to ensuring your…
read moreParsippany, 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…
read moreOn 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…
read moreAs 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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