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New Jersey CPAs pitch accounting careers to high school students

Accounting Today

Over 60 members of the New Jersey Society of CPAs visited 65 high schools in the Garden State last fall to tell students about accounting careers and how to become a CPA.

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New Jersey Weighs In on the Usefulness of 150 Hours

Going Concern

INSIDE Public Accounting has shared key takeaways from a recent survey of 1,060 members of the New Jersey Society of CPAs (NJCPA) that aimed to get members’ view on the 150-hour rule. The post New Jersey Weighs In on the Usefulness of 150 Hours appeared first on Going Concern.

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New Jersey Allows Cannabis Businesses to Deduct Expenses on State Taxes

CPA Practice

New Jersey Governor Phil Murphy has signed a bill into law that makes it possible for New Jersey cannabis businesses to deduct some expenses on state tax returns by decoupling them from federal rules. By Jelani Gibson, nj.com – (via TNS). The measure was sponsored by state Sens.

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Another New Jersey University Debuts Another Work-For-150 Program

Going Concern

About a year and a half after Saint Peter’s University and PwC announced a fresh new partnership to allow accounting grads to get their 150 units for CPA licensure through work experience, Rider University in Lawrence Township, New Jersey has announced their own twist on work-for-credit.

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New Jersey Considers Tax Cuts for Seniors and Businesses

CPA Practice

MORE: Assembly Speaker: It’s time to cut property taxes in half for seniors in New Jersey | Opinion “It’s time to make New Jersey competitive for retirees looking to spend their golden years in their homes,” Coughlin, a 65-year-old who recently welcomed his first two grandchildren, wrote in a corresponding op-ed published on NJ.com.

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New Jersey Enacts Payroll Tax “Convenience of Employer” Rule

Withum

Enacted on July 21, 2023, New Jersey A4694 creates a “Convenience of Employer” rule, affecting both employers and employees for payroll tax reporting purposes. This resulted in New Jersey losing significant tax revenue to New York’s rule. The ambiguity of the legislation may result in potential taxpayer disputes.

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New Jersey Governor Says Tax Cuts are Coming This Year

CPA Practice

During an interview with Bloomberg TV on Thursday, Murphy was asked if he can pledge no new taxes in New Jersey, the same way New York Gov. percentage point surcharge on the corporation business tax for companies in New Jersey with more than $1 million in profits. One hundred percent,” Murphy replied. “In