Steps Your Nonprofit Can Take During These Uncertain Times 400 400 SAX LLP - Advisory, Audit and Accounting

Steps Your Nonprofit Can Take During These Uncertain Times

As you are aware, the current Administration has issued a series of Executive Orders that will have significant implications for the nonprofit sector. Additionally, the Office of Management and Budget (OMB) announced a freeze on nearly all federal grants and loans. Although a federal judge temporarily halted the freeze before it could take effect, it…

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

SAX Presents its 2024 Year in Review

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 by the dedication of our team, the trust of our clients, and the partnerships we cherish.  We’re thrilled to unveil our 2024 Year in Review,…

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

SAX LLP Strengthens Leadership Team with Three Partner Promotions

Parsippany, NJ, January 9, 2024 – SAX LLP, a top 100 accounting tax firm, proudly announces the promotion of Matthew Bernocchi, CFP®, Igor Petrovic, CPA, and Joseph Saverino, CPA, MBA, to partner, effective January 1, 2025. Each earned their promotion through unwavering expertise and leadership, driving growth for both the firm and its clients. These…

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Healthcare Industry Update 2025 400 400 SAX LLP - Advisory, Audit and Accounting

Healthcare Industry Update 2025

You’re invited to SAX’s Healthcare Industry Update on February 13, 2025, at the prestigious Upper Montclair Country Club.

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

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 offered by short-term rental hosts.  A short-term rental host is a person or entity in lawful possession of a short-term rental unit who rents to…

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

PAYROLL TAX RATE UPDATES FOR 2025

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 2025.  Below is an overview of the tax rates, taxable wage bases, and other updates that will impact your payroll processes now that the new…

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

2024 PAYROLL TAX REMINDERS

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 provided an overview of the most significant reporting requirements to keep in mind.  Please also stay tuned for an email on the payroll tax updates…

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

FORM 1099 FILING INFORMATION

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 only will employers face steep penalties for non-compliance, but they will also be required to provide details about the 1099s on their business tax return. …

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SAX LLP - Advisory, Audit and Accounting