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SBA PROVIDES GUIDANCE SURROUNDING PARTIAL PPP LOAN FORGIVENESS APPEALS 400 400 SAX - Advisory, Audit and Accounting

SBA PROVIDES GUIDANCE SURROUNDING PARTIAL PPP LOAN FORGIVENESS APPEALS

On January 27, 2022, the Small Business Administration (SBA) released a procedural notice providing borrowers with a process to appeal certain situations in which the lender approved only partial Paycheck Protection Program (PPP) loan forgiveness. In particular, this procedural notice applies in cases where either: The lender issued a partial loan forgiveness approval to the SBA;…

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Not-For-Profit
Audit Threshold Raised for NJ Non-Profits 400 400 SAX - Advisory, Audit and Accounting

Audit Threshold Raised for NJ Non-Profits

On January 18, 2022, Governor Murphy signed legislation that would change the audit threshold for New Jersey not-for-profit organizations.  The previous “Charitable Registration and Investigation Act” required organizations with gross revenue in excess of $500,000 to submit a financial statement that was audited by an independent certified public accountant along with their annual registration filing. …

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Podcast Episode 15: State and Local Tax 500 500 SAX - Advisory, Audit and Accounting

Podcast Episode 15: State and Local Tax

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 15 and a Special Edition, focused on: State and Local Tax. Join our special guest, Edvin…

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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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