General News

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

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…

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Mid-Year Payroll Changes: Effective July 1, 2017
Mid-Year Payroll Changes: Effective July 1, 2017 150 150 SAX LLP - Advisory, Audit and Accounting

There are a few payroll changes in New York City, New York State, and Philadelphia that took effect on July 1. The overview of those items is as follows: New…

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Bonus Depreciation Phase Out Begins in 2018
Bonus Depreciation Phase Out Begins in 2018 150 150 SAX LLP - Advisory, Audit and Accounting

Bonus depreciation is a valuable tax-saving tool for businesses, as it provides the ability to claim accelerated first-year depreciation deductions for qualifying assets. With the Protecting Americans from Tax Hikes…

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

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…

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

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…

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Living and Dying in New Jersey Just Got More Affordable
Living and Dying in New Jersey Just Got More Affordable 150 150 SAX LLP - Advisory, Audit and Accounting

On October 14, 2016, Governor Christie signed a bill that represents a big step forward in helping both New Jersey residents and the state itself.  Residents will reap the benefits…

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Apply These Three Tips to Keep Your Not-for-Profit Out of the Headlines
Apply These Three Tips to Keep Your Not-for-Profit Out of the Headlines 150 150 SAX LLP - Advisory, Audit and Accounting

Recently, a former not-for-profit executive director from Long Island made headlines after being indicted on charges of embezzling hundreds of thousands of dollars from Human First, Inc., a social services…

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FASB Issues New Standards for Not-for-Profit Financial Reporting
FASB Issues New Standards for Not-for-Profit Financial Reporting 150 150 SAX LLP - Advisory, Audit and Accounting

For the first time in more than 20 years, not-for-profit financial reporting will receive a much-needed makeover.  On August 18, 2016, the Financial Accounting Standards Board (FASB) issued its new…

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NJ Legislation Impacts Trustees, Trusts and Beneficiaries
NJ Legislation Impacts Trustees, Trusts and Beneficiaries 150 150 SAX LLP - Advisory, Audit and Accounting

Recent legislation enacted by New Jersey lawmakers has a significant impact on trustees, trusts and their beneficiaries. The Uniform Trust Code (“Code”) became effective in New Jersey on July 17,…

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New Qualified Improvement Property Eligible for Bonus Depreciation
New Qualified Improvement Property Eligible for Bonus Depreciation 150 150 SAX LLP - Advisory, Audit and Accounting

The Protecting Americans from Tax Hikes (PATH) Act of 2015 modified, extended and made permanent several provisions relating to bonus depreciation. One change that seems to have gone relatively unnoticed…

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