Real Estate Owners: Are you Entitled to a Reduction in Your Taxes? 150 150 SAX - Advisory, Audit and Accounting

Real Estate Owners: Are you Entitled to a Reduction in Your Taxes?

New Jersey and New York continue to have one of the highest property tax burdens in the country.  As a result of market changes in the values of real estate relative to their equalized tax assessments, there may be opportunity to have your real property taxes appealed.  This includes all classes of property such as…

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New Sax FOCUS Newsletter 150 150 SAX - Advisory, Audit and Accounting

New Sax FOCUS Newsletter

Our new Sax FOCUS newsletter delivers year-end tax saving moves and meaningful information from our in-house advisors on topics relevant to Construction, Healthcare, Manufacturing & Distribution, Not-for-Profit, Real Estate, Transaction Advisory and Wealth Management.

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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…

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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…

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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…

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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…

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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.

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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…

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SAX - Advisory, Audit and Accounting