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SAX Marks New Year with Strategic Addition to Partner Group 150 150 SAX - Advisory, Audit and Accounting

SAX Marks New Year with Strategic Addition to Partner Group

Internal promotion of tax director signals continued focus on organic growth in firm’s 61st year Clifton, NJ, January 16, 2017 – Accounting, tax and advisory leader SAX has announced the promotion of Marqus White, CPA, to the position of Partner. White, an 11-year veteran of the firm, assumed his new role effective January 1, 2017.…

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NEW YORK STATE DEPARTMENT OF LABOR REVISES MINIMUM WAGE & OVERTIME RULES 150 150 SAX - Advisory, Audit and Accounting

NEW YORK STATE DEPARTMENT OF LABOR REVISES MINIMUM WAGE & OVERTIME RULES

New York labor laws were amended on December 31, 2016, and the changes could potentially affect all employers operating in the state.  Review the details of the amendments below to determine how your business will be impacted.   Minimum Wage The minimum wages in New York have been updated according to legislation passed in the…

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Form 1099 Filing Information 150 150 SAX - Advisory, Audit and Accounting

Form 1099 Filing Information

While 2016 brought no significant changes to 1099 filing requirements (except due dates noted below), it is important that employers review and understand the existing compliance procedures.  Not only will you face steep penalties for non-compliance, you will also be required to provide details about the 1099s on your business tax return. Below are general…

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2016 Year-End Tax Reminders 150 150 SAX - Advisory, Audit and Accounting

2016 Year-End Tax Reminders

With the end of the year upon us, we at Sax want to remind you of some important tax changes and benefits that will impact your planning and preparation for the 2016 tax filing season. The Protecting Americans from Tax Hikes (PATH) Act of 2015 changed several 2016 tax filing due dates.  While some states…

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NJTV: Kathleen Alexander Addresses the the Phase-Out of New Jersey’s Estate Tax 150 150 SAX - Advisory, Audit and Accounting

NJTV: Kathleen Alexander Addresses the the Phase-Out of New Jersey’s Estate Tax

On November 18, 2016, NJTV turned to Sax Partner Kathleen Alexander for expert insights into how New Jersey will benefit from the phase-out of the state’s estate tax. View the entire news segment here: https://lnkd.in/d5XU2bP

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Tax Alert: Employers Affected by Recent Updates from the IRS and USCIS 150 150 SAX - Advisory, Audit and Accounting

Tax Alert: Employers Affected by Recent Updates from the IRS and USCIS

Employers should take note of two important notices made by the federal government last week. These announcements involved changes to the Affordable Care Act (ACA) reporting requirements in 2016 and revisions to Form I-9 (Employment Eligibility Verification). ACA Relief On Friday, the Internal Revenue Service issued Notice 2016-70 to provide relief to employers subject to…

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Tax Alert: Post-Election Update 150 150 SAX - Advisory, Audit and Accounting

Tax Alert: Post-Election Update

Taxes took center stage in much of the pre-election rhetoric from both presidential candidates. Now that Donald Trump has secured his place in the White House, what tax changes may be in store for you and your business? Although no official policies will be passed until after President-elect Trump takes office in January, here are…

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2016-2017 Tax Planning Guide 150 150 SAX - Advisory, Audit and Accounting

2016-2017 Tax Planning Guide

As the 2016 tax year draws to a close, Sax would like to share a personal income tax planning guide for your reference. Many of the strategies presented are applicable to both year-end planning for 2016 and proactive 2017 planning. As is the case with most tax planning strategies, a personalized analysis should be conducted…

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