We are thrilled to present the latest installment of the Sax FOCUS Newsletter, and we must say, it’s truly one for the books! Packed with invaluable insights and expert analysis,…
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On July 3rd, 2023, New Jersey Governor Phil Murphy signed Senate Bill 3737 (Assembly Bill 5323), enacting significant changes to the New Jersey Corporation Business Tax (“CBT”). Some of the…
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A client is buying life insurance, do they really need to set up an irrevocable life insurance trust (“ILIT”) to own that insurance? With high estate tax exemptions is that…
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Have questions about applying for this year’s Founders’ Award? Watch as Sax’s Nonprofit Partners April Kushner and Adam Holzberg review the application package and answer common application questions. Watch the…
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On Wednesday, July 5, 2023, Chief Justice Stuart Rabner announced three (3) New Jersey counties will resume civil and divorce trials that were suspended earlier this year due to Judge…
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Parsippany, NJ, July 7, 2023 – Sax LLP has been ranked as the 13th largest accounting firm in New Jersey by NJBIZ in the media property’s 2023 Top Accounting Firms…
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As a nonprofit, you have likely been asked many times, “What is your program expense percentage?” But what does this percentage actually mean, and what does it mean for your…
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On June 14, 2023, Treasury and the IRS released long-awaited guidance on the changes to certain renewable energy tax credits enacted by the Inflation Reduction Act (“IRA”), which significantly impacts…
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On Tuesday, June 13th, the House Committee on Ways and Means (hereinafter the “Committee”) passed H.R. 3938 titled the Build It in America Act (hereinafter the “Act”) to restore American competitiveness…
read more Losing a loved one is difficult, but those challenges can be magnified by the complex array of income, estate, and state tax reporting, tax elections, and financial decisions. What are…
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