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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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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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