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Tax Alert: The One, Big, Beautiful Bill 400 400 SAX - Advisory, Audit and Accounting

Tax Alert: The One, Big, Beautiful Bill

The House of Representatives Ways and Means Committee released their much-anticipated tax bill – “The One, Big, Beautiful Bill” – on May 12, 2025. Many of the proposed changes appear aimed at middle-class and small business relief, while also offering expanded business deductions. The bill could change substantially before it is signed into law. Stay…

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BE-10 Benchmark Survey: U.S. Direct Investment Abroad 400 400 SAX - Advisory, Audit and Accounting

BE-10 Benchmark Survey: U.S. Direct Investment Abroad

Every five years, the U.S. Direct Investment Abroad survey is to be filed out for the Bureau of Economic Analysis. This is currently due on May 30, 2025, for those with fewer than 50 forms to be filed and June 30, 2025, for those with 50 or more forms to file. The BE-10 is required…

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SAX’s 2025 Nonprofit Industry Update 400 400 SAX - Advisory, Audit and Accounting

SAX’s 2025 Nonprofit Industry Update

Join SAX on Thursday, June 5, 2025 in NYC for an in-depth discussion on the latest trends shaping the Nonprofit industry, key financial and compliance updates, and actionable strategies to ensure long-term sustainability and impact.

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CTA Update: FinCEN Interim Final Rule on Beneficial Ownership Reporting 400 400 SAX - Advisory, Audit and Accounting

CTA Update: FinCEN Interim Final Rule on Beneficial Ownership Reporting

On March 21, 2025, the Financial Crimes Enforcement Network (“FinCEN”) announced the issuance of an interim final rule that significantly changes the reporting requirements for beneficial ownership information (“BOI”) under the Corporate Transparency Act (“CTA”). Here are the key takeaways: 1. Removal of BOI Reporting Requirement for U.S. Companies and Persons: FinCEN has removed the…

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SAX Announces Key Leadership Appointments: New Director of Cannabis and Head of Tax Controversy 1400 858 SAX - Advisory, Audit and Accounting

SAX Announces Key Leadership Appointments: New Director of Cannabis and Head of Tax Controversy

Parsippany, NJ, March 13, 2025 – SAX, a leading accounting and advisory firm, is pleased to announce the addition of Allison Kirchhofer , CPA, MBA as Director of Cannabis and the internal promotion of Mathew Giordano, CPA, MST to Head of Tax Controversy. These strategic appointments reinforce the firm’s commitment to providing top-tier advisory and guidance…

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Watch the Webinar: Navigating the Nonprofit Landscape Post-Election 400 400 SAX - Advisory, Audit and Accounting

Watch the Webinar: Navigating the Nonprofit Landscape Post-Election

The recent election has ushered in legislative and regulatory changes that pose significant challenges for nonprofit organizations. In this uncertain environment, staying informed and proactive is essential to ensuring your organization’s stability and future success. In case you missed it, watch as our panel of experts explore the critical developments impacting nonprofits and how to…

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SAX Recognized Among Top 100 Firms in Accounting Today Annual Ranking for Fifth Consecutive Year 400 400 SAX - Advisory, Audit and Accounting

SAX Recognized Among Top 100 Firms in Accounting Today Annual Ranking for Fifth Consecutive Year

Parsippany, NJ, March 6, 2025 – Joseph Damiano, CEO and Managing Partner of SAX, is proud to announce that the firm has earned a spot on Accounting Today’s prestigious list of the Top 100 firms in the country for the fifth consecutive year, leaping five spots to #66. Additionally, SAX has been recognized as a…

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TAX ALERT: Corporate Transparency Act Update 400 400 SAX - Advisory, Audit and Accounting

TAX ALERT: Corporate Transparency Act Update

On February 27, 2025, the Financial Crimes Enforcement Network (“FinCEN”) announced that it will not impose fines, penalties, or take enforcement actions against businesses that fail to file or update Beneficial Ownership Information (“BOI”) reports under the Corporate Transparency Act (“CTA”) by the current deadlines. FinCEN will delay enforcement until a forthcoming interim final rule…

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