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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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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…

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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…

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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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