Tax Updates | SAX

SAX’s 2026 Year-End Tax Planning Webinar

Stephanie Haggett — Fri, 23 Oct 2026 15:51:44 +0000

Join our webinar on November 18, 2026 from 2pm-3:30pm and watch as our in-house tax professionals break down key year-end planning strategies and opportunities.

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What the New SBA Rule Means for Buyers, Sellers and Lenders

Iimani McKnight — Mon, 28 Sep 2026 18:31:47 +0000

New SBA Rule Means Buyers, Sellers, and Lenders Need Both a Valuation and a Quality of Earnings Report, Before the Deal Closes Starting October 1, 2026, SBA-financed business acquisitions and expansions of $3 million or more require an independent Quality of Earnings (QoE) report, in addition to the independent business valuation SBA has long required […]

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Tax Alert: Pied-à-Terre Surcharge Exemption Application Extended to October 6, 2026

Iimani McKnight — Mon, 31 Aug 2026 13:58:36 +0000

The deadline for filing the New York City Pied-à-Terre Surcharge request for exemption is extended to October 6th. For additional information visit: https://www.nyc.gov/site/finance/property/non-primary-residence-surcharge.page and/or contact the SAX SALT team.

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Tax Alert: New Jersey FY2027 Budget & Key Changes for Clients

Iimani McKnight — Tue, 04 Aug 2026 19:52:27 +0000

Executive Summary New Jersey’s FY2027 budget package includes several tax and fee changes that may affect 2026 estimated payments, employer compliance obligations, individual income tax planning, and data broker registration fees. Clients should review exposure now, particularly when provisions apply retroactively or create new near-term filing and payment deadlines as noted below. Most affected taxpayers: […]

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Tax Alert: August 2026 Deadlines for Filing the NYC Pied-à-Terre Surcharge Exemption Application

Margaret Henn — Wed, 29 Jul 2026 14:26:31 +0000

Tax Alert: NYC Adopts Final Regulation and Issues Interpretive Policies on the Pied-à-Terre Tax

Iimani McKnight — Tue, 21 Jul 2026 18:58:47 +0000

Tax Alert: Construction Clients Potential Refund Claim

Iimani McKnight — Mon, 13 Jul 2026 20:09:48 +0000

There are two potential sales and use tax refund opportunities available to construction owners, developers and contractors as it relates to Site Safety Expenses and Bridge and Pipeframe rentals. Site Safety – NY courts have determined that NYS overreached in its application of the sales tax law on site safety expenses. The court ruled that […]

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Tax Alert: Proposed Florida Property Tax Changes

Iimani McKnight — Tue, 07 Jul 2026 17:20:56 +0000

Overview of Proposed Florida Property Tax Changes Florida lawmakers have advanced a major property tax reform initiative that would materially expand the homestead exemption for primary residences. The proposal, titled the “Save Our Homes from Excessive Property Taxes” initiative and commonly referred to as Amendment 3 for the 2026 ballot, would phase in larger non-school […]

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TAX ALERT: OMB Proposes Major Changes to Federal Grant Rules Again

Iimani McKnight — Thu, 11 Jun 2026 19:59:06 +0000

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 issued proposed revisions to the regulations governing federal financial assistance that would increase federal oversight, expand agency enforcement authority, introduce new compliance obligations, and provide […]

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

Iimani McKnight — Fri, 05 Jun 2026 16:45:34 +0000

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 1 homes (one-, two-, and three-family homes) and Class 2 homes (residential condominiums and cooperatives (co-ops)). The surcharge takes effect on July 1, 2026. It […]

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