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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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Sax Technology Advisors Webinar Series 150 150 SAX - Advisory, Audit and Accounting

Sax Technology Advisors Webinar Series

Launched by accounting, tax and advisory leader SAX, Sax Technology Advisors provides sophisticated solutions and expertise to protect organizations from threats while ensuring they are fully functional and productive at all times.   Join us as we dive into what Sax Technology Advisors is all about from our service offerings, engagement process, service delivery methods,…

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Sax Wealth Advisors Named to the 2018 Financial Times 300 Top Registered Investment Advisers List 150 150 SAX - Advisory, Audit and Accounting

Sax Wealth Advisors Named to the 2018 Financial Times 300 Top Registered Investment Advisers List

Clifton, NJ, July 2, 2018 – Sax Wealth Advisors, a registered investment advisory firm and financial planning subsidiary of accounting, tax and advisory firm, SAX, is pleased to announce its inclusion in the 2018 edition of the Financial Times 300 Top Registered Investment Advisers. The list recognizes the top 300 independent RIA firms from across…

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Tax Reform Impact: Not-for-Profits Not Always Tax-Exempt 150 150 SAX - Advisory, Audit and Accounting

Tax Reform Impact: Not-for-Profits Not Always Tax-Exempt

If you thought the Tax Cuts and Jobs Act would not impact most tax-exempt organizations, you were wrong.  There are new provisions in place which can cause 501(c)(3), (4), 501(d) organizations, as well as 401(a) Trusts to be subject to unrelated business income tax. Unrelated Business Taxable Income (UBTI) is normally generated from an activity…

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