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Nov. 1: 13th Annual Banker’s Breakfast 150 150 SAX - Advisory, Audit and Accounting

Nov. 1: 13th Annual Banker’s Breakfast

Beyond the Business: How to Protect Your Assets There are a number of inevitable complexities and complications as you go through the lifecycle of a business. You must consider shareholder agreements, liquidity events, growing your business, asset ownership, and the stakes are even higher when a separation is involved. It is vital that business owners…

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Crain’s: SAX Makes Top 30 Accounting Firms in the New York Area 150 150 SAX - Advisory, Audit and Accounting

Crain’s: SAX Makes Top 30 Accounting Firms in the New York Area

We are proud to announce that SAX has been named to the list of New York area’s largest accounting firms by Crain’s New York Business which publishes this list annually. Crain’s ranks firms based on their number of full-time employees, and firm-wide gross revenue. The firm attributes this recognition to consistent growth year-over-year and is…

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Tax Alert: Disaster Tax Relief Bill 150 150 SAX - Advisory, Audit and Accounting

Tax Alert: Disaster Tax Relief Bill

On September 29, 2017, President Trump signed the Disaster Tax Relief and Airport and Airway Extension Act of 2017 (H.R. 3823) to provide temporary relief to taxpayers impacted by Hurricanes Harvey (August 25, 2017), Maria (September 4, 2017) and Irma (September 16, 2017). The new law: Eliminates the requirement for personal casualty losses to exceed…

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New Updates Regarding CPEOs 150 150 SAX - Advisory, Audit and Accounting

New Updates Regarding CPEOs

On November 1, 2016, a notification from Sax was sent describing the “New Certification for Professional Employer Organizations” which can be found here. There are now two new updates regarding Certified Professional Employer Organizations (CPEOs): The IRS recently released the first list of approved CPEOs. Unless your CPEO is on this list, it does not…

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Tax Alert: Framework Revealed for American Tax Reform 150 150 SAX - Advisory, Audit and Accounting

Tax Alert: Framework Revealed for American Tax Reform

The Trump Administration released the “Unified Framework” for tax reform on September 27, 2017, which serves as a template for the tax-writing committees to develop tax legislation. The key initiatives of this framework are tax relief for middle-class families and businesses, a simpler and fairer tax filing system, and bringing jobs back to America from…

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Accounting Today: Sax announces first annual ‘Founder’s Award’ 150 150 SAX - Advisory, Audit and Accounting

Accounting Today: Sax announces first annual ‘Founder’s Award’

In honor of our firm’s founder’s and their vision of strength and stability, we’re excited to present our first annual Founder’s Award, which will provide one not-for-profit organization with a $15,000 gift for demonstrating efforts towards sustainability. Click here to read the full article in Accounting Today.

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MAREJ: Debt-Financed Distributions: Plan for Your Proceeds 150 150 SAX - Advisory, Audit and Accounting

MAREJ: Debt-Financed Distributions: Plan for Your Proceeds

Warren Wu, Tax Manager at Sax, was featured in Mid Atlantic Real Estate Journal for his expertise on debt-financed distributions in the real estate market. Read the full article here.

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New Lease Standards Bring Significant Challenges for Businesses 150 150 SAX - Advisory, Audit and Accounting

New Lease Standards Bring Significant Challenges for Businesses

The Financial Accounting Standards Board (FASB) has issued new leasing standards for businesses, moving 12 month or longer leases from the footnotes of the financial statements to the balance sheet. This means that a company will now need to list their leases as both assets and liabilities. While this new lease standard is still a…

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