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PODCAST EPISODE 12: Cannabis 500 500 SAX - Advisory, Audit and Accounting

PODCAST EPISODE 12: Cannabis

Our TAKE 5 with SAX podcast was created so you can press pause on your busy day and leverage the knowledge of Sax’s resident experts on topics that matter to your life and your business. We invite you to join us for EPISODE 12, focused on: CANNABIS Our special guest, Adam Holzberg, Sax’s Senior Manager and Cannabis Advisor, dives…

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Eddie Rivera
SAX Expands Expertise with Addition of Eddie Rivera as a Partner in the Real Estate Practice 400 400 SAX - Advisory, Audit and Accounting

SAX Expands Expertise with Addition of Eddie Rivera as a Partner in the Real Estate Practice

Parsippany, NJ, August 13, 2021 — Top 100 accounting, tax and business advisory leader, SAX, has announced the addition of Eddie Rivera, CPA, MST to the firm’s established Real Estate practice as Partner, effective August 9, 2021. Eddie brings over 15 years of experience in public accounting, tax and advisory services, and specializes in supporting…

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Paycheck Protection Program
SBA TO OPEN STREAMLINED PPP LOAN FORGIVENESS PORTAL ON AUGUST 4 400 400 SAX - Advisory, Audit and Accounting

SBA TO OPEN STREAMLINED PPP LOAN FORGIVENESS PORTAL ON AUGUST 4

The Small Business Administration (SBA) will open an online portal where Paycheck Protection Program borrowers can directly apply for forgiveness on loans of $150,000 or less without going through their bank.  The portal will open and begin accepting applications on Wednesday, August 4, and is aimed at simplifying and speeding up relief to more than…

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Tax Alerts
TAX ALERT: NJ Passes Laws to Combat Employment Misclassification by Businesses 400 400 SAX - Advisory, Audit and Accounting

TAX ALERT: NJ Passes Laws to Combat Employment Misclassification by Businesses

On Thursday July 8, New Jersey Governor Phil Murphy passed a series of laws targeting employment misclassification.  The state believes many businesses have shirked their payroll tax and employment obligations (e.g., paying benefits) by misclassifying workers as independent contractors rather than employees. The new laws do not change the definitions of employees or independent contractors. …

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2021 Ovation Award Winner
MELISSA O’SHEA RECEIVES NEW JERSEY SOCIETY OF CPAS 2021 WOMAN TO WATCH OVATION AWARD 940 788 SAX - Advisory, Audit and Accounting

MELISSA O’SHEA RECEIVES NEW JERSEY SOCIETY OF CPAS 2021 WOMAN TO WATCH OVATION AWARD

Parsippany, NJ, July 2, 2021 –– Top 100 accounting, tax and business advisory leader, SAX, is proud to announce the recognition of Partner, Melissa (Missy) O’Shea on the New Jersey Society of Certified Public Accountants (NJCPA) list of 2021 Ovation Award winners.  Missy was named in the “Woman to Watch” category. The NJCPA’s Ovation Awards…

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Tax Alert
Tax Alert: Electing Out of Advance Child Tax Credit Payments in 2021 400 400 SAX - Advisory, Audit and Accounting

Tax Alert: Electing Out of Advance Child Tax Credit Payments in 2021

Important changes to the Child Tax Credit will help many families get advance payments of the credit starting this summer. The IRS will pay half the total credit amount in advance monthly payments beginning July 15. You will claim the other half when you file your 2021 income tax return. These changes apply to tax…

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Financial Relief
ADDITIONAL RELIEF ANNOUNCED FOR NEW JERSEY SMALL BUSINESSES & INDIVIDUALS 400 400 SAX - Advisory, Audit and Accounting

ADDITIONAL RELIEF ANNOUNCED FOR NEW JERSEY SMALL BUSINESSES & INDIVIDUALS

On May 7, 2021, New Jersey Governor Phil Murphy announced an additional $275 million in aid is on its way for small businesses and individuals hit hard by the COVID-19 pandemic. Small Businesses $235 million in aid will be allocated to small business relief and will satisfy Phase IV of grant requests made to the…

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Paycheck Protection Program Loan
SBA CEASES ACCEPTANCE OF MOST NEW PPP APPLICATIONS 400 400 SAX - Advisory, Audit and Accounting

SBA CEASES ACCEPTANCE OF MOST NEW PPP APPLICATIONS

On May 4, 2021, the Small Business Administration (SBA) announced that the funds allocated to the Paycheck Protection Program (PPP) general fund had been exhausted.  While Congress recently reached an agreement to extend the PPP through May 31, 2021, the SBA will cease accepting new applications from most borrowers.  However, there is approximately $8 billion…

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