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PPP Loan
SBA Issues Procedural Guidance for Paycheck Protection Program Borrowers Considering a Change in Control 400 400 SAX - Advisory, Audit and Accounting

SBA Issues Procedural Guidance for Paycheck Protection Program Borrowers Considering a Change in Control

2020, to say the least, has been a tumultuous year.  Irrespective of size and location, businesses across all industries have been impacted by the COVID-19 pandemic.  However, as eloquently stated by the infamous showman P.T. Barnum, “The show must go on.”  Now more than ever, business owners have been forced to dig deep and flex…

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Relief
Governor Murphy unveils $100M in COVID-19 Relief for Businesses 400 400 SAX - Advisory, Audit and Accounting

Governor Murphy unveils $100M in COVID-19 Relief for Businesses

On Tuesday, October 13, New Jersey Governor Phil Murphy announced $100 million in relief will be available for businesses hit hard by the COVID-19 pandemic.  This aid is allocated from the state’s $2.3 billion CARES Act funding. The largest chunk – $70 million – will go to Phase 3 of the New Jersey Economic Development…

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Loan Forgiveness
SBA Issues New Forgiveness Guidance for PPP Loans of $50,000 or Less 400 400 SAX - Advisory, Audit and Accounting

SBA Issues New Forgiveness Guidance for PPP Loans of $50,000 or Less

On October 8, 2020, the Small Business Administration (SBA), in conjunction with the U.S. Treasury Department, issued its latest Interim Final Rule.  To streamline and simplify the loan forgiveness process, borrowers with Paycheck Protection Program (PPP) loans of $50,000 or less may now use Form 3508S to support their application for forgiveness.  It should be…

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Healthcare
Watch the Webinar: THE IMPACT OF COVID-19 ON HEALTHCARE PRIVATE EQUITY TRANSACTIONS 400 400 SAX - Advisory, Audit and Accounting

Watch the Webinar: THE IMPACT OF COVID-19 ON HEALTHCARE PRIVATE EQUITY TRANSACTIONS

Undoubtedly, COVID-19 has changed many aspects of our daily lives, but has it changed the value of your healthcare practice?  Even now with uncertainty roiling global public markets, a meaningful number of companies are realizing an increase in their market value.  It is safe to say uncertainty increases the perception of higher risk, but it…

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COVID-19 Impact on State and Local Taxes
Watch the Webinar: COVID-19 Impact on State and Local Taxes 400 400 SAX - Advisory, Audit and Accounting

Watch the Webinar: COVID-19 Impact on State and Local Taxes

State and local governments continue to address tax matters stemming from the COVID-19 pandemic.  In case you missed it, here is our webinar update on state and local taxes and the related adjustments to our economic lives. The discussion topics included: Residency and dual residency / double taxation resulting from use of vacation homes or…

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Tax Alerts
Tax Alert: FAQs Released on Business Alternative Income Tax (BAIT) 400 400 SAX - Advisory, Audit and Accounting

Tax Alert: FAQs Released on Business Alternative Income Tax (BAIT)

On Tuesday, September 29, the Division of Taxation released guidance on the recently enacted Business Alternative Income Tax (BAIT) in the form of an FAQ page on its website.  While BAIT was initiated at the beginning of this year, guidance on the administration of the tax had been paused since early March. The BAIT is…

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Join the Webinar: COVID-19 Impact on State and Local Taxes 150 150 SAX - Advisory, Audit and Accounting

Join the Webinar: COVID-19 Impact on State and Local Taxes

State and local governments continue to address tax matters stemming from the COVID-19 pandemic.  Join Sax on Tuesday, October 6 at 2 PM for a webinar update on state and local taxes and the related adjustments to our economic lives. The discussion topics will include: Residency and dual residency / double taxation resulting from use…

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Estate Planning
There’s No Better Time Than Now To Review Estate Plans & Wealth Transfer Opportunities 400 400 SAX - Advisory, Audit and Accounting

There’s No Better Time Than Now To Review Estate Plans & Wealth Transfer Opportunities

There are several significant factors indicating that this is a good time to revisit your estate plan. The impact of the novel coronavirus (COVID-19) and the resulting economic uncertainty, as well as the uncertainty of our future tax environment, has left many individuals wondering how to put their best foot forward.  While it is difficult…

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