Tax Updates

Protecting You and Your Clients from Data Theft

Protecting You and Your Clients from Data Theft 400 400 SAX - Advisory, Audit and Accounting

Published in conjunction with S2 Technology Solutions and Sax’s State and Local Tax (SALT) Practice To state the obvious, the business world has undergone a substantial change relating to reliance…

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New York Amends PTET Tax and Implements New York City PTET Election

New York Amends PTET Tax and Implements New York City PTET Election 400 400 SAX - Advisory, Audit and Accounting

The deadline to make the revised New York State (“NYS”) pass-through entity tax (“PTET”) election and remit estimated tax due is quickly approaching. Generally, the due date for the election…

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New Jersey Convertible Virtual Currency

New Jersey Convertible Virtual Currency 400 400 SAX - Advisory, Audit and Accounting

In today’s financial landscape, uncertainty is at the forefront of most people’s minds. This is ever so true when it comes to guidance related to convertible virtual currency. Generally, technical…

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2021 K-2 / K-3 Relief

2021 K-2 / K-3 Relief 400 400 SAX - Advisory, Audit and Accounting

The IRS is providing tax year 2021 Schedules K-2 and K-3 filing relief for certain domestic partnerships and S corporations. If a partnership or S corporation qualifies for this exception,…

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WATCH THE Q1 TAX WITH SAX UPDATE

WATCH THE Q1 TAX WITH SAX UPDATE 400 400 SAX - Advisory, Audit and Accounting

At Sax, we strive to assist our clients in ways that position them for long-term success. As we begin the 2022 tax season, there are important need-to-knows and helpful information…

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INFRASTRUCTURE ACT HALTS Q4 2021 EMPLOYEE RETENTION CREDIT FOR MANY EMPLOYERS

INFRASTRUCTURE ACT HALTS Q4 2021 EMPLOYEE RETENTION CREDIT FOR MANY EMPLOYERS 900 600 SAX - Advisory, Audit and Accounting

The Infrastructure Investment and Jobs Act (Infrastructure Act) ends the Employee Retention Credit (ERC) for wages paid after September 30, 2021 for many employers.  Recovery startup businesses, however, may continue…

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Important Tax Reminder: Repayment of 50% of Deferred Payroll Taxes Due December 31

Important Tax Reminder: Repayment of 50% of Deferred Payroll Taxes Due December 31 400 400 SAX - Advisory, Audit and Accounting

Employers who took advantage of the CARES Act employer payroll tax deferral in 2020 are reminded that 50% of the deferred taxes must be paid no later than December 31,…

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Watch the Q3 TAX with SAX webinar

Watch the Q3 TAX with SAX webinar 400 400 SAX - Advisory, Audit and Accounting

In case you missed it, join  Shivani Jain, leader of Tax at Sax along with special guest Shehan Chandrasekera from CoinTracker as they discuss the new proposed tax law changes…

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New Budget Reconciliation Package: Plan NOW for the Estate Tax Overhaul

New Budget Reconciliation Package: Plan NOW for the Estate Tax Overhaul 400 400 SAX - Advisory, Audit and Accounting

Throughout 2021, SAX has been warning of dramatic and substantial structural changes that will severely impact estate planning opportunities. The recently proposed budget reconciliation package based upon the President’s Build…

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TAX ALERT: NJ Passes Laws to Combat Employment Misclassification by Businesses

TAX ALERT: NJ Passes Laws to Combat Employment Misclassification by Businesses 400 400 SAX - Advisory, Audit and Accounting

On Thursday July 8, New Jersey Governor Phil Murphy passed a series of laws targeting employment misclassification.  The state believes many businesses have shirked their payroll tax and employment obligations…

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SAX - Advisory, Audit and Accounting