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Connecticut Sales Tax Rate Changes for Digital Goods and Software 150 150 SAX - Advisory, Audit and Accounting

Connecticut Sales Tax Rate Changes for Digital Goods and Software

Effective October 1, 2019, Connecticut is raising its sales and use tax rate for sales of software and digital goods from 1% to 6.35%. These changes can affect individuals and businesses differently. Businesses selling or purchasing software Vendors of electronically accessed or transferred software can continue to apply the 1% rate rather than the higher…

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Partner, Jason Borofsky named Treasurer for Urban Land Institute’s New Jersey Advisory Board 150 150 SAX - Advisory, Audit and Accounting

Partner, Jason Borofsky named Treasurer for Urban Land Institute’s New Jersey Advisory Board

Our Partner, Jason Borofsky has joined Urban Land Institute – Northern New Jersey’s Advisory Board as their new Treasurer and will work to help grow ULI and continue to make ULI-NNJ a trusted resource for New Jersey’s real estate community.   Read the full release HERE.

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SAX Named a Top 100 Firm by INSIDE Public Accounting 150 150 SAX - Advisory, Audit and Accounting

SAX Named a Top 100 Firm by INSIDE Public Accounting

Clifton, NJ Headquarters, August 22, 2019 – SAX is proud to announce its inclusion on INSIDE Public Accounting’s (IPA) 2019 Annual Ranking of the nation’s 400 largest public accounting firms.  This year, Sax ranked #99 on the list of top accounting firms nationwide – debuting on the prestigious Top 100 list and moving two spots…

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SAX Adds Fellow Accounting Firm James D. Miller & Co. LLP to Strengthen Foothold in New York 150 150 SAX - Advisory, Audit and Accounting

SAX Adds Fellow Accounting Firm James D. Miller & Co. LLP to Strengthen Foothold in New York

Clifton, NJ Headquarters, August 19, 2019 – Top 100 accounting, tax and advisory firm, SAX, expanded its New York presence by merging with James D. Miller & Co. LLP, an accounting firm based in New York City, effective August 7, 2019. James D. Miller & Co. is a full-service accounting and tax firm dedicated to…

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SAX Ranked #25 on Construction Executive’s list of The Top Construction Accounting Firms 150 150 SAX - Advisory, Audit and Accounting

SAX Ranked #25 on Construction Executive’s list of The Top Construction Accounting Firms

Clifton, NJ Headquarters, August 14, 2019 – Leading accounting, tax and advisory firm, SAX, has been named to Construction Executive’s (CE) list of The Top 50 Construction Accounting Firms throughout the country.   To determine the ranking, hundreds of U.S. accounting firms with a construction practice completed a survey. Data collected included: 1) 2018 revenues…

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Nonprofit Organizations – Is Your Procurement Policy Meeting Compliance Standards? 150 150 SAX - Advisory, Audit and Accounting

Nonprofit Organizations – Is Your Procurement Policy Meeting Compliance Standards?

Procurement and the purchasing process are much more than just having a policy in place for nonprofits. It is important to review the procurement section of the Uniform Guidance in detail to ensure you comply.

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New York State Sales and Use Tax Update: Westchester County Tax Rate Changes 150 150 SAX - Advisory, Audit and Accounting

New York State Sales and Use Tax Update: Westchester County Tax Rate Changes

Sales and Use tax rate changes have been implemented in Westchester County (except Mount Vernon, New Rochelle and White Plains) which had a tax rate of 7 3/8% through July 31, 2019. Now, all of Westchester will be taxed at 8 3/8% (except Yonkers which will continue to be taxed at 8 7/8%).  Sales tax…

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Final Regulations Issued for Qualified Business Income (QBI) Aggregation 150 150 SAX - Advisory, Audit and Accounting

Final Regulations Issued for Qualified Business Income (QBI) Aggregation

Final regulations have been issued for Sec. 199A to guide taxpayers and tax professionals on how to implement the new qualified business income (QBI) deduction, created by the Tax Cuts and Jobs Act.  They include how to determine when taxpayers can aggregate multiple trades or businesses, which is the focus of this Tax Alert. The…

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