IRS Makes Update to Private School Nondiscrimination Policy Disclosure Requirement 150 150 SAX - Advisory, Audit and Accounting

IRS Makes Update to Private School Nondiscrimination Policy Disclosure Requirement

The IRS has released Revenue Procedure 2019-22 which adds a third method for private schools to disclose its racially nondiscriminatory policy. For a private school to be recognized as exempt under section 501(a) as described in section 501(c)(3) of the Internal Revenue Code, it must adopt a racially nondiscriminatory policy regarding students, and operate in…

read more
2019 YEAR-END TAX ADVICE: INDIVIDUAL TAX SAVING MOVES 150 150 SAX - Advisory, Audit and Accounting

2019 YEAR-END TAX ADVICE: INDIVIDUAL TAX SAVING MOVES

Most of the provisions of the Tax Cuts and Jobs Act (TCJA) went into effect in 2018.  With the first TCJA tax season behind us, we move from questioning “How does the new tax law affect me?” to “What tax planning can I do now to minimize my taxes under the new tax law?”.  This…

read more
2019 YEAR-END TAX ADVICE: BUSINESS TAX SAVING MOVES 150 150 SAX - Advisory, Audit and Accounting

2019 YEAR-END TAX ADVICE: BUSINESS TAX SAVING MOVES

Most of the provisions of the Tax Cuts and Jobs Act (TCJA) went into effect in 2018.  With the first TCJA tax season behind us, we move from questioning “How does the new tax law affect me?” to “What tax planning can I do now to minimize my taxes under the new tax law?”.  This…

read more
Upcoming December 31 Deadline for Qualified Opportunity Zone Investments 150 150 SAX - Advisory, Audit and Accounting

Upcoming December 31 Deadline for Qualified Opportunity Zone Investments

Investors with capital gains, including Sec. 1231 gains, should be aware of the looming December 31, 2019 deadline in order to fully benefit from tax benefits that Qualified Opportunity Fund investments may potentially provide. The Tax Cuts and Jobs Act enacted a new opportunity for investment in designated distressed communities in order to encourage economic…

read more
Mid-Atlantic Real Estate Journal: Women in Business 150 150 SAX - Advisory, Audit and Accounting

Mid-Atlantic Real Estate Journal: Women in Business

Our team member, Candy Gordon-Geanoules was a featured “Woman in Business” in Mid-Atlantic Real Estate Journal’s recent issue. To read the full article, please click HERE.

read more
Fair Labor Standards Act Update 150 150 SAX - Advisory, Audit and Accounting

Fair Labor Standards Act Update

On September 24, 2019, the U.S. Department of Labor announced its final rule regarding the much anticipated raising of the standard salary level, making 1.3 million American workers newly eligible for overtime pay.  Most significantly to New Jersey employers, employees previously designated as exempt from overtime may now become non-exempt and eligible for overtime pay…

read more
November CFO Focus: Year-End Tax Update 150 150 SAX - Advisory, Audit and Accounting

November CFO Focus: Year-End Tax Update

Join us at our next CFO Focus on Wednesday, November 6 for our annual year-end tax update. Shivani Jain, Partner and Tax Leader at Sax, Larry Gradzki, Partner at Sax and Stephen Ehrenberg, Partner at Sax, will lead the presentation. Topics will include: Overview of Significant Changes for 2019 Year-End Tax Planning Tips 2019-20 Changes…

read more
TAX ALERT: Section 199A Safe Harbor Finalized for Rental Real Estate 150 150 SAX - Advisory, Audit and Accounting

TAX ALERT: Section 199A Safe Harbor Finalized for Rental Real Estate

When assessing whether rental real estate activities qualify for the new 20% section 199A deduction that came about under the Tax Cuts and Jobs Act, it is vital to understand whether the rental enterprise rises to the level of a trade or business.  The IRS has just released a revenue procedure (Rev. Proc. 2019-38) clarifying…

read more
SAX - Advisory, Audit and Accounting