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Sax Gifts $15,000 to the Not-for-Profit, NJ Sharing Network through the 3rd Annual Founders’ Award 150 150 SAX - Advisory, Audit and Accounting

Sax Gifts $15,000 to the Not-for-Profit, NJ Sharing Network through the 3rd Annual Founders’ Award

Top 100 accounting, tax and business advisory leader, SAX, is proud to announce the winner of the firm’s 3rd Annual Founders’ Award – NJ Sharing Network – for best demonstrating their impact on their beneficiaries.

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New Jersey’s Misclassified Employees 150 150 SAX - Advisory, Audit and Accounting

New Jersey’s Misclassified Employees

New Jersey was working on legislation that would have virtually eliminated independent contractors.  That legislation did not pass, but in its place, five bills were passed or amended and signed into law on January 20, 2020 that authorizes various actions related to independent contractors in New Jersey.   The New Jersey Department of Labor has…

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Governor Murphy Signs “Pass-Through Business Alternative Income Tax” Bill to Help New Jersey Taxpayers 150 150 SAX - Advisory, Audit and Accounting

Governor Murphy Signs “Pass-Through Business Alternative Income Tax” Bill to Help New Jersey Taxpayers

New Jersey Governor Phil Murphy signed the bill S-3246, called the “Pass-Through Business Alternative Income Tax Act” on Monday, January 13, 2020 to help business owners save federal income tax through state tax deductions at the entity level.  The bi-partisan legislation was advanced by the full Assembly and passed 77-0.  The bill is an effort…

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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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