General News

SAX Presents its 2024 Year in Review

SAX Presents its 2024 Year in Review 400 400 SAX - Advisory, Audit and Accounting

As we turn the page to 2025, we’d like to take a moment to reflect on 2024, a year filled with growth, innovation, and collaboration. These achievements were made possible…

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SAX Strengthens Leadership Team with Three Partner Promotions

SAX Strengthens Leadership Team with Three Partner Promotions 400 400 SAX - Advisory, Audit and Accounting

Parsippany, NJ, January 9, 2024 – SAX, a top 100 accounting tax firm, proudly announces the promotion of Matthew Bernocchi, CFP®, Igor Petrovic, CPA, and Joseph Saverino, CPA, MBA, to…

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New York State Implements Sales Tax Parity Law for Short-Term Rentals – Requiring Registration

New York State Implements Sales Tax Parity Law for Short-Term Rentals – Requiring Registration 400 400 SAX - Advisory, Audit and Accounting

New York State has imposed a sales tax on hotel occupancy charges.  Effective April 2025, the definition of “hotel” for purposes of sales on occupancy charges includes short-term rental units…

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PAYROLL TAX RATE UPDATES FOR 2025

PAYROLL TAX RATE UPDATES FOR 2025 400 400 SAX - Advisory, Audit and Accounting

In order to calculate payroll taxes accurately and effectively for your company and employees next year, it is important to understand the new and existing compliance requirements in effect for…

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2024 PAYROLL TAX REMINDERS

2024 PAYROLL TAX REMINDERS 400 400 SAX - Advisory, Audit and Accounting

Year-end payroll reporting for 2024 is right around the corner.  To assist you in preparing the items your payroll provider will need to complete your payroll tax returns, we have…

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FORM 1099 FILING INFORMATION

FORM 1099 FILING INFORMATION 400 400 SAX - Advisory, Audit and Accounting

The threshold requiring electronic filing applies to any company filing 10 or more total forms of any type.  It is important that employers review and understand the compliance procedures.  Not…

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TAX ALERT: Preliminary Injunction Against the Corporate Transparency Act

TAX ALERT: Preliminary Injunction Against the Corporate Transparency Act 400 400 SAX - Advisory, Audit and Accounting

On December 3, 2024, the United States District Court for the Eastern District of Texas issued a preliminary injunction against the Corporate Transparency Act (CTA) and its implementing regulations. The…

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Managed Care Organizations and Mental Health Care

Managed Care Organizations and Mental Health Care 400 400 SAX - Advisory, Audit and Accounting

In case you missed this must-watch session, our experts explore the significant changes effective January 1, 2025, impacting Medicaid and Children’s Health Insurance Program (CHIP) billing for mental and behavioral…

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IRS Ends Automatic Penalties for Late-Filed Foreign Gift Forms

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

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,…

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

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

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 - Advisory, Audit and Accounting