SAX Presents its 2024 Year in Review 400 400 SAX - Advisory, Audit and Accounting

SAX Presents its 2024 Year in Review

As we turn the page to 2025, we’d like to take a moment to reflect on 2024, a year filled with growth, innovation, and collaboration. These achievements were made possible by the dedication of our team, the trust of our clients, and the partnerships we cherish.  We’re thrilled to unveil our 2024 Year in Review,…

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SAX Strengthens Leadership Team with Three Partner Promotions 400 400 SAX - Advisory, Audit and Accounting

SAX Strengthens Leadership Team with Three Partner Promotions

Parsippany, NJ, January 9, 2024 – SAX, a top 100 accounting tax firm, proudly announces the promotion of Matthew Bernocchi, CFP®, Igor Petrovic, CPA, and Joseph Saverino, CPA, MBA, to partner, effective January 1, 2025. Each earned their promotion through unwavering expertise and leadership, driving growth for both the firm and its clients. These appointments…

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New York State Implements Sales Tax Parity Law for Short-Term Rentals – Requiring Registration 400 400 SAX - Advisory, Audit and Accounting

New York State Implements Sales Tax Parity Law for Short-Term Rentals – Requiring Registration

New York State has imposed a sales tax on hotel occupancy charges.  Effective April 2025, the definition of “hotel” for purposes of sales on occupancy charges includes short-term rental units offered by short-term rental hosts.  A short-term rental host is a person or entity in lawful possession of a short-term rental unit who rents to…

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PAYROLL TAX RATE UPDATES FOR 2025 400 400 SAX - Advisory, Audit and Accounting

PAYROLL TAX RATE UPDATES FOR 2025

In order to calculate payroll taxes accurately and effectively for your company and employees next year, it is important to understand the new and existing compliance requirements in effect for 2025.  Below is an overview of the tax rates, taxable wage bases, and other updates that will impact your payroll processes now that the new…

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2024 PAYROLL TAX REMINDERS 400 400 SAX - Advisory, Audit and Accounting

2024 PAYROLL TAX REMINDERS

Year-end payroll reporting for 2024 is right around the corner.  To assist you in preparing the items your payroll provider will need to complete your payroll tax returns, we have provided an overview of the most significant reporting requirements to keep in mind.  Please also stay tuned for an email on the payroll tax updates…

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FORM 1099 FILING INFORMATION 400 400 SAX - Advisory, Audit and Accounting

FORM 1099 FILING INFORMATION

The threshold requiring electronic filing applies to any company filing 10 or more total forms of any type.  It is important that employers review and understand the compliance procedures.  Not only will employers face steep penalties for non-compliance, but they will also be required to provide details about the 1099s on their business tax return. …

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TAX ALERT: Preliminary Injunction Against the Corporate Transparency Act 400 400 SAX - Advisory, Audit and Accounting

TAX ALERT: Preliminary Injunction Against the Corporate Transparency Act

On December 3, 2024, the United States District Court for the Eastern District of Texas issued a preliminary injunction against the Corporate Transparency Act (CTA) and its implementing regulations. The CTA, signed into law on January 1, 2021, expanded anti-money laundering laws and introduced new reporting requirements for certain businesses operating in the U.S. Starting…

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healthcare
Managed Care Organizations and Mental Health Care 400 400 SAX - Advisory, Audit and Accounting

Managed Care Organizations and Mental Health Care

In case you missed this must-watch session, our experts explore the significant changes effective January 1, 2025, impacting Medicaid and Children’s Health Insurance Program (CHIP) billing for mental and behavioral health services. Moving forward, billing must be conducted through a Managed Care Organization (MCO), so it’s crucial for patients and providers alike to plan and…

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SAX - Advisory, Audit and Accounting