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Is it time to update your Financial Policy and Procedure Manual? 400 400 SAX LLP - Advisory, Audit and Accounting

Is it time to update your Financial Policy and Procedure Manual?

by Lauren Frary, Director of Strategic Business Transformations at SAX  It seems that every time there is a story on the news about a financial institution in trouble, or worse, collapsing, we turn to our Financial Policy and Procedure Manual to make sure the same fate does not befall our nonprofit organization.  Certainly, having robust internal…

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An Update from the Hill: Tax Relief for American Families & Workers Act of 2024 400 400 SAX LLP - Advisory, Audit and Accounting

An Update from the Hill: Tax Relief for American Families & Workers Act of 2024

On January 16, 2024, the Senate Finance Chair Ron Wyden (D) and House Ways & Means Chair Jason Smith (R) introduced the Tax Relief for American Families and Workers Act of 2024. This bipartisan tax proposal is far-reaching including, but not limited to: I.R.C. § 174 Treatment: The legislation is set to reinstate the domestic-based…

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SAX LLP Promotes Five Partners, Growing Their Tax, Audit, and Wealth Advisory Practices 400 400 SAX LLP - Advisory, Audit and Accounting

SAX LLP Promotes Five Partners, Growing Their Tax, Audit, and Wealth Advisory Practices

Parsippany, NJ, January 8, 2024 – SAX LLP, a top 100 accounting tax firm, proudly announces the promotion of Nina Bahazhevska, CPA, Mathew Giordano, CPA, MST, Gina Perrone, CPA, MST, Jeremy Rhen, CFP® and Eric Seidman, AIF®, to partner, effective January 1, 2024. All five earned their promotions by consistently exhibiting expertise and leadership that…

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

FORM 1099 FILING INFORMATION

In 2023, the IRS finally reduced the threshold requiring electronic filing 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…

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Sax LLP Ranked as Top Accounting Firm by NJBIZ’s Reader Ranking 400 400 SAX LLP - Advisory, Audit and Accounting

Sax LLP Ranked as Top Accounting Firm by NJBIZ’s Reader Ranking

Parsippany, NJ, December 14, 2023 – Sax LLP, a top 100 accounting, tax, and advisory firm in the nation, is proud to announce its inclusion on NJBIZ’s Reader Ranking List for 2023.  This year, Sax was named the winner out of eight other firms nominated in the Top Accounting Firm category. To determine the ranking, NJBIZ initiated a four-week…

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Effective January 1, 2024: The Corporate Transparency Act 400 400 SAX LLP - Advisory, Audit and Accounting

Effective January 1, 2024: The Corporate Transparency Act

By Senior Tax Manager Samantha Guis & Partner & Practice Leader of International Tax Lisa Goldman The new filing requirements are nothing out of the ordinary in our ever-changing world of reporting standards.  The Corporate Transparency Act (CTA) introduces fresh reporting obligations for companies established or registered to operate in the United States.  However, as…

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IRS Issues Proposed Regulations on Donor-Advised Funds 400 400 SAX LLP - Advisory, Audit and Accounting

IRS Issues Proposed Regulations on Donor-Advised Funds

The Treasury Department has introduced long-awaited proposed regulations governing donor-advised funds (DAFs), responding to the surge in contributions that reached over $85 billion last year. These regulations aim to provide oversight for the fast-growing form of charitable giving, a major feature of the philanthropic landscape. The proposed IRS rules, while avoiding certain contentious issues, notably…

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How should I plan charitable gifts as we approach year-end? Through my estate plan? 400 400 SAX LLP - Advisory, Audit and Accounting

How should I plan charitable gifts as we approach year-end? Through my estate plan?

My client is charitably inclined.  How should I be advising her as we approach the year-end?  My client wants to make a charitable bequest through his estate plan – what is the best way to accomplish this? This program will provide a practical overview of a range of charitable planning concepts including Annual Cash donations,…

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