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Tax Alert: IRS Issues New Guidance For Qualified Opportunity Zone Investments 150 150 SAX - Advisory, Audit and Accounting

Tax Alert: IRS Issues New Guidance For Qualified Opportunity Zone Investments

The Tax Cuts and Jobs Act (“TCJA”) established the Qualified Opportunity Zone (“QOZ”) program to encourage investment in economically distressed and low-income communities across the United States, District of Columbia and U.S. possessions. Qualified Opportunity Zone investments allow for temporary deferral of inclusion in gross income for capital gains invested in a Qualified Opportunity Fund…

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May 16 CFO Focus: The Right Accounting System for Your Organization 150 150 SAX - Advisory, Audit and Accounting

May 16 CFO Focus: The Right Accounting System for Your Organization

The way we do business has changed drastically over the last 10 years.  Has your accounting system kept up? Companies today have relationships with many types of customers and vendors.  Each type can result in a different Order-to-Cash or Purchase-to-Pay process, making it impossible to manage accurately and efficiently without proper data validation and controls. …

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Sax Wealth Advisors Adds The Practice of Stuart B. Herrmann CFP®, CPA To Expanding Team of Wealth Advisors 150 150 SAX - Advisory, Audit and Accounting

Sax Wealth Advisors Adds The Practice of Stuart B. Herrmann CFP®, CPA To Expanding Team of Wealth Advisors

Clifton, NJ, April 1, 2019 –––– Sax Wealth Advisors LLC, an independent registered investment advisory firm with offices in Clifton, NJ, Pennington, NJ and New York City, has announced the addition of Stuart B. Herrmann, CFP®, CPA as Wealth Advisor effective April 1, 2019. Previously, Stuart served as an Investment Advisor Representative and Chief Compliance Officer…

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New Jersey Now Mandates Pre-tax Transit Benefits For Employees 150 150 SAX - Advisory, Audit and Accounting

New Jersey Now Mandates Pre-tax Transit Benefits For Employees

New Jersey Governor Phil Murphy signed S1567 into law, requiring employers of 20 or more employees to offer a pre-tax transportation fringe benefit to their employees, covering commuter highway vehicle (vanpools) and mass transit costs. This mandate does not include parking. The pre-tax benefit would allow employees to set aside a certain amount of pre-taxed…

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April 17 CFO Focus: The Office and Warehouse of the Future 150 150 SAX - Advisory, Audit and Accounting

April 17 CFO Focus: The Office and Warehouse of the Future

The work environment of the future is an exciting idea to conceptualize, but what does it mean in an era where the world is changing at a pace quicker than ever before?  While many organizations look to current trends to inform the design of their workspace and other real estate requirements, it is also important…

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SAX’s Founder’s Award Gifted $15,000 to the Nonprofit, Oasis – A Haven for Women and Children, for Efforts Towards Inspiration 150 150 SAX - Advisory, Audit and Accounting

SAX’s Founder’s Award Gifted $15,000 to the Nonprofit, Oasis – A Haven for Women and Children, for Efforts Towards Inspiration

Clifton, NJ – February 13, 2019:   SAX, a leading accounting, tax and advisory firm recently held its second annual Founder’s Award ceremony which celebrated the good work of local nonprofits and awarded one organization with a $15,000 unrestricted gift for best efforts towards inspiring others. Sax’s Not-for-Profit Practice initiated the application process and nearly 150…

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Managing Risk & Disruption in Supply Chain
Educational Webinar Series for Supply Chain Professionals: Thriving in the Supply Chain Revolution 400 400 SAX - Advisory, Audit and Accounting

Educational Webinar Series for Supply Chain Professionals: Thriving in the Supply Chain Revolution

Ongoing technological advances and increasing customer demands are transforming the supply chain industry at an unprecedented pace. To be successful in this rapidly changing business environment, your company will need to consider new and better ways to meet customer requirements and allocate the right people and resources – quickly, efficiently and profitably. Sax’s Manufacturing &…

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New York Sales Tax Economic Nexus Update 150 150 SAX - Advisory, Audit and Accounting

New York Sales Tax Economic Nexus Update

The U.S. Supreme Court’s recent South Dakota v. Wayfair decision holding that internet retailers who sell into a state without having a physical presence could be subject to sales tax collection responsibilities spurred many states to respond.  New York State issued a notice addressing which businesses will need to collect sales tax effective 1/1/2019. Sellers…

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