Tax Updates

Q2 Tax with SAX

Q2 Tax with SAX 400 400 SAX LLP - Advisory, Audit and Accounting

Join us for our next Tax with SAX webinar on Tuesday, June 17 at 2 PM EST where some of our tax leaders will unpack recent and upcoming tax changes.…

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TAX ALERT: Important Information Regarding the NEW New Jersey Tax Portal

TAX ALERT: Important Information Regarding the NEW New Jersey Tax Portal 400 400 SAX LLP - Advisory, Audit and Accounting

New Jersey has launched the first phase of its modernized tax-filing system. Business owners can create profiles on the NJ Tax Portal to access filing assistance, account details, payment history,…

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New York Enacts Budget for Fiscal Year 2025-2026 with New Tax Provisions

New York Enacts Budget for Fiscal Year 2025-2026 with New Tax Provisions 400 400 SAX LLP - Advisory, Audit and Accounting

On May 9, 2025, New York Governor Kathy Hochul signed A3009, implementing the state’s budget bill (the “law”) for the 2025-2026 state fiscal year. The law contains many tax provisions summarized…

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Tax Alert: The One, Big, Beautiful Bill

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

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…

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

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

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…

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CTA Update: FinCEN Interim Final Rule on Beneficial Ownership Reporting

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

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…

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TAX ALERT: Corporate Transparency Act Update

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

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…

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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 LLP - 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 LLP - 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 LLP - 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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