Tax Updates

OMB Proposes Major Changes to Federal Grant Rules Again

OMB Proposes Major Changes to Federal Grant Rules Again 1200 1200 SAX - Advisory, Audit and Accounting

In 2024, OMB revised the Uniform Guidance with the goal of reducing administrative burden for federal funding recipients. The latest proposal takes a different approach.  On May 29, 2026, OMB…

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Tax Alert: New York State Enacts Pied-à-Terre Tax for Second Homes in New York City

Tax Alert: New York State Enacts Pied-à-Terre Tax for Second Homes in New York City 1200 1200 SAX - Advisory, Audit and Accounting

Overview New York State has enacted a new pied-à-terre tax (surcharge) on certain high-value New York City homes (“covered properties”) NOT used as a primary residence. “Covered properties” include Class…

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Tax Alert: COVID Postponement Refund Claims and IRS ERC Update

Tax Alert: COVID Postponement Refund Claims and IRS ERC Update 1200 1200 SAX - Advisory, Audit and Accounting

Two court case decisions (Kwong v. United States and Abdo v. Commissioner) may create refund and abatement opportunities for certain taxpayers who were assessed and/or paid penalties and interest during…

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U.S. Tariffs: What Just Happened—and What It Means

U.S. Tariffs: What Just Happened—and What It Means 1200 1200 SAX - Advisory, Audit and Accounting

The U.S. tariff landscape continues to shift rapidly. On Friday, February 20, 2026, the Supreme Court issued a landmark decision striking down the president’s authority to impose sweeping tariffs under the International Emergency Economic Powers…

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The New Tax Law & Charitable Giving: Key Questions and Strategic Considerations for Nonprofits

The New Tax Law & Charitable Giving: Key Questions and Strategic Considerations for Nonprofits 1200 1200 SAX - Advisory, Audit and Accounting

The New Tax Law: What Nonprofits Should Be Thinking About Right Now Tax laws change. Donor behavior changes. Your mission does not. Still, it would be a mistake to ignore…

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Tax Alert: Component Election for Bonus Depreciation

Tax Alert: Component Election for Bonus Depreciation 1200 1200 SAX - Advisory, Audit and Accounting

Return of Component Election for Bonus Depreciation Creates  Significant Tax Savings for Self-Constructed Projects Taxpayers who started construction on any project prior to the 100% Bonus Depreciation change on January…

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The New Tax Law & Its Impact on Charitable Giving: What Nonprofits Need to Know

The New Tax Law & Its Impact on Charitable Giving: What Nonprofits Need to Know 1200 1200 SAX - Advisory, Audit and Accounting

Join SAX’s educational webinar on February 10, 2026 to unpack the recent tax laws that are reshaping how individuals and corporations think about charitable giving.

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PAYROLL TAX RATE UPDATES FOR 2026

PAYROLL TAX RATE UPDATES FOR 2026 400 400 SAX - Advisory, Audit and Accounting

In order to calculate payroll taxes accurately and effectively for your company and employees next year, it is important to understand the new and existing compliance requirements in effect for…

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Webinar: Is 2026 Your Exit Year? How to Prepare for a Successful Sale

Webinar: Is 2026 Your Exit Year? How to Prepare for a Successful Sale 1200 1200 SAX - Advisory, Audit and Accounting

Join Jerome Fusco, Managing Director at SAX Capital Advisors, along with other specialists from SAX, for a practical discussion on what business owners should be doing today to prepare for a successful sale.

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2025 PAYROLL TAX REMINDERS

2025 PAYROLL TAX REMINDERS 400 400 SAX - Advisory, Audit and Accounting

Year-end payroll reporting for 2025 is right around the corner. To assist you in preparing the items your payroll provider will need to complete your payroll tax returns, we have…

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SAX - Advisory, Audit and Accounting