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IRS Ends Automatic Penalties for Late-Filed Foreign Gift Forms 400 400 SAX - Advisory, Audit and Accounting

IRS Ends Automatic Penalties for Late-Filed Foreign Gift Forms

As of October 2024, the IRS is ending automatic penalties for late-filed Form 3520’s in relation to foreign gifts and bequests.  This is not an all-encompassing relief for the form, but specifically Part IV on the Form 3520.  Commissioner Danny Werfel says that they “will now review the reasonable cause consideration statements that are attached…

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Watch the Webinar: The Giving Trends Report and Setting Your Organization Up for Success in 2025 400 400 SAX - Advisory, Audit and Accounting

Watch the Webinar: The Giving Trends Report and Setting Your Organization Up for Success in 2025

Join SAX’s nonprofit experts on October 16 from 10:00 – 11:00 AM EST as they walk you through the top findings from the Giving USA report and provide strategies to help your organization make the best choices about your fundraising efforts and resources.

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SAX 4 MILER Hits $1 Million Milestone in Total Funds Raised for St. Joseph’s Children’s Hospital 150 150 SAX - Advisory, Audit and Accounting

SAX 4 MILER Hits $1 Million Milestone in Total Funds Raised for St. Joseph’s Children’s Hospital

It is with great pride that the SAX 4 MILER, an annual run/walk event supporting the Child Life Department at St. Joseph’s Children’s Hospital in Paterson, NJ, announces that it has achieved an extraordinary milestone – $1 million in total funds raised since its inception in 2012.

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Massachusetts Department of Revenue Amnesty Requests Update SAX - Advisory, Audit and Accounting

Massachusetts Department of Revenue Amnesty Requests Update

The Massachusetts Department of Revenue (“MA DOR”) will waive most penalties for taxpayers who participate in the amnesty program. Amnesty Requests can be processed through the MA DOR Amnesty information web page beginning November 1, 2024.  Taxpayers must file outstanding returns and pay tax and interest owed for the periods covered by the returns (however,…

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Tax Alert: The Corporate Transparency Act SAX - Advisory, Audit and Accounting

Tax Alert: The Corporate Transparency Act

With Q4 fast approaching, we want to remind you that the Corporate Transparency Act expanded anti-money laundering laws and created new reporting requirements for certain companies doing business in the US. Beginning in 2024, many small businesses are required to report information about their beneficial owners to the Financial Crimes Enforcement Network (FinCEN). The law requires…

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SAX Announces Recipients of Its 7th Annual Founders’ Award 400 400 SAX - Advisory, Audit and Accounting

SAX Announces Recipients of Its 7th Annual Founders’ Award

Parsippany, NJ – September 24, 2024 – SAX, a leading accounting, tax, and advisory firm, is excited to announce Brooklyn Debate League as the first-place recipient of its 7th annual Founders’ Award. Out of nearly 225 applicants, Brooklyn Debate League stood out for best addressing this year’s theme of “empowerment.” Brooklyn Debate League’s Executive Director…

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SAX Recognized as a ‘Best of the Best’ Public Accounting Firm by INSIDE Public Accounting in 2024 658 661 SAX - Advisory, Audit and Accounting

SAX Recognized as a ‘Best of the Best’ Public Accounting Firm by INSIDE Public Accounting in 2024

Damiano: this prestigious top-performer designation is both humbling and motivating   Parsippany, NJ, September 12, 2024– SAX, a leading accounting, tax, and advisory firm, is proud to announce its inclusion in the INSIDE Public Accounting (IPA) coveted Best of the Best public accounting firms in the nation for 2024. This marks the fifth consecutive year…

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Watch the Webinar: Critical Technology Strategies 400 400 SAX - Advisory, Audit and Accounting

Watch the Webinar: Critical Technology Strategies

In today’s rapidly evolving digital landscape, staying ahead means more than just keeping up with trends—it means embracing the technologies that can propel your business to new heights. In case you missed it, watch as our speakers dive into the most critical technology strategies your organization needs to thrive. Topics Include: Keeping Your Data Safe:…

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