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SAX NAMES SIX NEW PARTNERS TO THE FIRM’S EXPANDING LEADERSHIP TEAM 500 500 SAX - Advisory, Audit and Accounting

SAX NAMES SIX NEW PARTNERS TO THE FIRM’S EXPANDING LEADERSHIP TEAM

Parsippany, NJ, January 6, 2022: Top 100 accounting, tax and business advisory leader, SAX, is proud to announce their next generation of firm leaders with the promotion of three Directors, two Senior Managers and one Wealth Advisor to the position of Partner. The following advisors will join an impressive management team at Sax which is…

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Cannabis
Applications Now Accepted for Certain Cannabis Applicants 1100 450 SAX - Advisory, Audit and Accounting

Applications Now Accepted for Certain Cannabis Applicants

Nearly 300 days after passing the law to legalize recreational cannabis, the New Jersey Cannabis Regulatory Commission (CRC) will begin accepting applications for those interested in Class 1 Cultivator licenses, Class 2 Manufacturer licenses, and Testing Laboratories.  The online portal opened December 15, 2021 at 9am and can be found here.  Currently, there is no…

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Cannabis
JOIN THE CANNABIS ROUNDTABLE: OPPORTUNITIES AND CHALLENGES IN THE EMERGING MARKETPLACE 1100 450 SAX - Advisory, Audit and Accounting

JOIN THE CANNABIS ROUNDTABLE: OPPORTUNITIES AND CHALLENGES IN THE EMERGING MARKETPLACE

The cannabis industry is evolving at a rapid pace – one state at a time.  NJ & NY are viewed as very lucrative hot spots for start-ups with a market potential estimated in the billions of dollars.  New Jersey just released guidelines and license application information for the adult-use market which was highly awaited.  In…

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New Jersey Adult-Use Cannabis Applications to be Released in December 1277 713 SAX - Advisory, Audit and Accounting

New Jersey Adult-Use Cannabis Applications to be Released in December

The New Jersey Cannabis Regulatory Commission (CRC) announced the start of license applications for the adult-use market during their November meeting.  Beginning on December 15, 2021, the CRC will release applications for those interested in obtaining a Class 1 Cultivator license, Class 2 Manufacturer license, or testing laboratory license.  Applications for Class 5 Retailers will…

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INFRASTRUCTURE ACT HALTS Q4 2021 EMPLOYEE RETENTION CREDIT FOR MANY EMPLOYERS 900 600 SAX - Advisory, Audit and Accounting

INFRASTRUCTURE ACT HALTS Q4 2021 EMPLOYEE RETENTION CREDIT FOR MANY EMPLOYERS

The Infrastructure Investment and Jobs Act (Infrastructure Act) ends the Employee Retention Credit (ERC) for wages paid after September 30, 2021 for many employers.  Recovery startup businesses, however, may continue to claim the ERC on wages paid through December 31, 2021.  Prior to the passage of the Act, the ERC was scheduled to terminate for…

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Tax Alert
Important Tax Reminder: Repayment of 50% of Deferred Payroll Taxes Due December 31 400 400 SAX - Advisory, Audit and Accounting

Important Tax Reminder: Repayment of 50% of Deferred Payroll Taxes Due December 31

Employers who took advantage of the CARES Act employer payroll tax deferral in 2020 are reminded that 50% of the deferred taxes must be paid no later than December 31, 2021, with the remaining balance due by December 31, 2022. Payroll companies are set to automatically withdraw the deferred payroll taxes. Businesses should reach out…

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Watch the Q3 TAX with SAX webinar 400 400 SAX - Advisory, Audit and Accounting

Watch the Q3 TAX with SAX webinar

In case you missed it, join  Shivani Jain, leader of Tax at Sax along with special guest Shehan Chandrasekera from CoinTracker as they discuss the new proposed tax law changes coming down the pike, as well as the current tax implications of cryptocurrency transactions. Webinar topic points included: Crypto-related tax implications for: Staking Non-fungible tokens…

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New Budget Reconciliation Package: Plan NOW for the Estate Tax Overhaul 400 400 SAX - Advisory, Audit and Accounting

New Budget Reconciliation Package: Plan NOW for the Estate Tax Overhaul

Throughout 2021, SAX has been warning of dramatic and substantial structural changes that will severely impact estate planning opportunities. The recently proposed budget reconciliation package based upon the President’s Build Back Better Act would bring sweeping changes to estate taxation that would immediately become the costliest in generations if enacted, and are so expansive in…

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