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SAX Expands Its Footprint in New Jersey and Bolsters Real Estate and Private Client Services Capabilities with Acquisition of Sewald & Anastasia CPAs 400 400 SAX - Advisory, Audit and Accounting

SAX Expands Its Footprint in New Jersey and Bolsters Real Estate and Private Client Services Capabilities with Acquisition of Sewald & Anastasia CPAs

Parsippany Headquarters, NJ – June 10, 2025 – SAX, a leading accounting, tax, and advisory firm ranked among the top 100 in the nation, is excited to announce its acquisition of Sewald & Anastasia CPAs, effective June 1, 2025. This strategic alliance enhances SAX’s presence in Monmouth County, New Jersey and strengthens its real estate…

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Watch the Q2 Tax with SAX Webinar 400 400 SAX - Advisory, Audit and Accounting

Watch the Q2 Tax with SAX Webinar

In case you missed it, watch as some of our tax leaders unpack recent and upcoming tax changes. From state updates to federal legislative proposals, our experts will help you understand the implications of these developments and how you can navigate them in this evolving tax landscape. Topics include: Provisions of The One, Big, Beautiful…

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TAX ALERT: Important Information Regarding the NEW New Jersey Tax Portal 400 400 SAX - Advisory, Audit and Accounting

TAX ALERT: Important Information Regarding the NEW New Jersey Tax Portal

New Jersey has launched the first phase of its modernized tax-filing system. Business owners can create profiles on the NJ Tax Portal to access filing assistance, account details, payment history, and to manage filings. Portal profiles also allow taxpayers to store information for future filings. Portal profiles also allow businesses to streamline filings, and delegate…

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New York Enacts Budget for Fiscal Year 2025-2026 with New Tax Provisions 400 400 SAX - Advisory, Audit and Accounting

New York Enacts Budget for Fiscal Year 2025-2026 with New Tax Provisions

On May 9, 2025, New York Governor Kathy Hochul signed A3009, implementing the state’s budget bill (the “law”) for the 2025-2026 state fiscal year. The law contains many tax provisions summarized below. Estimated Personal Income Taxes The threshold for filing estimated taxes is increased from $1,000 to $5,000, for tax years beginning on or after January…

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Tax Alert: The One, Big, Beautiful Bill 400 400 SAX - Advisory, Audit and Accounting

Tax Alert: The One, Big, Beautiful Bill

The House of Representatives Ways and Means Committee released their much-anticipated tax bill – “The One, Big, Beautiful Bill” – on May 12, 2025. Many of the proposed changes appear aimed at middle-class and small business relief, while also offering expanded business deductions. The bill could change substantially before it is signed into law. Stay…

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BE-10 Benchmark Survey: U.S. Direct Investment Abroad 400 400 SAX - Advisory, Audit and Accounting

BE-10 Benchmark Survey: U.S. Direct Investment Abroad

Every five years, the U.S. Direct Investment Abroad survey is to be filed out for the Bureau of Economic Analysis. This is currently due on May 30, 2025, for those with fewer than 50 forms to be filed and June 30, 2025, for those with 50 or more forms to file. The BE-10 is required…

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SAX’s 2025 Nonprofit Industry Update 400 400 SAX - Advisory, Audit and Accounting

SAX’s 2025 Nonprofit Industry Update

Join SAX on Thursday, June 5, 2025 in NYC for an in-depth discussion on the latest trends shaping the Nonprofit industry, key financial and compliance updates, and actionable strategies to ensure long-term sustainability and impact.

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CTA Update: FinCEN Interim Final Rule on Beneficial Ownership Reporting 400 400 SAX - Advisory, Audit and Accounting

CTA Update: FinCEN Interim Final Rule on Beneficial Ownership Reporting

On March 21, 2025, the Financial Crimes Enforcement Network (“FinCEN”) announced the issuance of an interim final rule that significantly changes the reporting requirements for beneficial ownership information (“BOI”) under the Corporate Transparency Act (“CTA”). Here are the key takeaways: 1. Removal of BOI Reporting Requirement for U.S. Companies and Persons: FinCEN has removed the…

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