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Watch the Webinar: Navigating the Nonprofit Landscape Post-Election 400 400 SAX LLP - Advisory, Audit and Accounting

Watch the Webinar: Navigating the Nonprofit Landscape Post-Election

The recent election has ushered in legislative and regulatory changes that pose significant challenges for nonprofit organizations. In this uncertain environment, staying informed and proactive is essential to ensuring your organization’s stability and future success. In case you missed it, watch as our panel of experts explore the critical developments impacting nonprofits and how to…

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SAX Recognized Among Top 100 Firms in Accounting Today Annual Ranking for Fifth Consecutive Year 400 400 SAX LLP - Advisory, Audit and Accounting

SAX Recognized Among Top 100 Firms in Accounting Today Annual Ranking for Fifth Consecutive Year

Parsippany, NJ, March 6, 2025 – Joseph Damiano, CEO and Managing Partner of SAX LLP, is proud to announce that the firm has earned a spot on Accounting Today’s prestigious list of the Top 100 firms in the country for the fifth consecutive year, leaping five spots to #66. Additionally, SAX has been recognized as…

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

TAX ALERT: Corporate Transparency Act Update

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 Beneficial Ownership Information (“BOI”) reports under the Corporate Transparency Act (“CTA”) by the current deadlines. FinCEN will delay enforcement until a forthcoming interim final rule…

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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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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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