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October 17 CFO Focus: New Jersey Paid Sick Leave 150 150 SAX - Advisory, Audit and Accounting

October 17 CFO Focus: New Jersey Paid Sick Leave

    Changes Ahead!  Mandatory New Jersey Paid Sick Leave   New Jersey has become the 10th state to make some form of paid sick leave mandatory for employers to provide.  This requirement will take effect on October 29, 2018.  Once effective, it will require New Jersey employers of all sizes to provide up to…

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Strategic Business Planning For The Independent Physician Practice 150 150 SAX - Advisory, Audit and Accounting

Strategic Business Planning For The Independent Physician Practice

MGMA New Jersey will hold an informative webinar on Tuesday, September 18 to address the importance of strategic business planning for the independent physician.  SAX’s Healthcare experts, Susan Reed and Deborah Nappi, have been invited to provide webinar attendees with effective guidance on positioning practices for success. In this webinar you will learn: Important considerations…

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Tax Alert: Proposed Regulations Limit Charitable Contributions Made in Exchange for SALT Deductions 150 150 SAX - Advisory, Audit and Accounting

Tax Alert: Proposed Regulations Limit Charitable Contributions Made in Exchange for SALT Deductions

On August 23, 2018, the IRS issued proposed regulations which provide new guidance on the amount of charitable contribution deductions a taxpayer would get if they receive or expect to receive a corresponding state or local tax credit. The IRS has unveiled these regulations to stop attempts made by the states to avoid the Tax…

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SAX Announces the 7th Annual 4 Miler at Garret Mountain to Benefit St. Joseph’s Children’s Hospital 150 150 SAX - Advisory, Audit and Accounting

SAX Announces the 7th Annual 4 Miler at Garret Mountain to Benefit St. Joseph’s Children’s Hospital

SAX, a leading accounting, tax and advisory firm, is thrilled to announce the 7th annual 4 Miler at Garret Mountain benefiting St. Joseph’s Children’s Hospital in Paterson, NJ.  The event will return to Woodland Park, NJ on October 6th, 2018 for the seventh consecutive year. Registration & Contributions The Sax Charitable Foundation will once again…

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Tax Alert: Proposed Regulations Issued for the 20% Qualified Business Income Deduction 150 150 SAX - Advisory, Audit and Accounting

Tax Alert: Proposed Regulations Issued for the 20% Qualified Business Income Deduction

On August 8, 2018, the Treasury Department and the IRS issued proposed regulations that provide guidance on Code Section 199A (added by the Tax Cuts and Jobs Act), which permits certain taxpayers a deduction up to 20% of their Qualified Business Income (“QBI deduction”). Qualified Business Income is income from either a pass-through entity (i.e.…

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Sax Wealth Advisors Named a “Fastest-Growing Registered Investment Advisor in the U.S.” by Financial Advisor Magazine 150 150 SAX - Advisory, Audit and Accounting

Sax Wealth Advisors Named a “Fastest-Growing Registered Investment Advisor in the U.S.” by Financial Advisor Magazine

Clifton, NJ, August 3, 2018 – Sax Wealth Advisors, a registered investment advisory firm and financial planning subsidiary of accounting, tax and advisory firm, SAX, is proud to announce it has been named to Financial Advisor Magazine’s 2018 edition of the Top 50 Fastest-Growing RIAs (Registered Investment Advisors) in the United States. Financial Advisor Magazine’s…

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Ermal Luzaj Awarded NJBIZ’s 40 Under 40 150 150 SAX - Advisory, Audit and Accounting

Ermal Luzaj Awarded NJBIZ’s 40 Under 40

Ermal Luzaj, Sax Partner and Head of the firm’s Construction Practice, was recently awarded NJBIZ‘s 40 Under 40 award for his accomplishments at a young age, and his passion and dedication to his career and the community. Join us in congratulating him on this great achievement! Read more about the award here.

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Accounting Rule Change Will Result in More Contributions for Not-for-Profits 150 150 SAX - Advisory, Audit and Accounting

Accounting Rule Change Will Result in More Contributions for Not-for-Profits

In response to widespread diversity on how not-for-profits characterize grants and similar contracts as either exchange transactions or contributions with conditions, the Financial Accounting Standards Board (FASB) has issued new guidance (ASU 2018-08) on June 21, 2018 to aid not-for-profits in making this determination. Accounting guidance for recognizing revenue from contributions and exchange transactions are…

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