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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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New Jersey CPA Pleads Guilty to $2.5 Million Tax Fraud

CPA Practice

A New Jersey Certified Public Accountant has pleaded guilty to conspiring to defraud the United States by promoting fraudulent tax shelters to high-income clients. As a part of his guilty plea, Benkoil admitted his conduct resulted in a tax loss to the IRS of nearly $2.5

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New Jersey CPA Society to Host Convention on June 13-16 in Atlantic City

CPA Practice

The New Jersey Society of Certified Public Accountants (NJCPA) will host its 2023 Convention & Expo, themed “Breaking Through,” at the Borgata in Atlantic City June 13-16.

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Monday Morning Accounting News Brief: PwC Partner Banned; Salary Predictions; Public Accountants Have Had It | 1.23.23

Going Concern

District Court judge in the Southern District of New York granted on Friday Deloitte LLP’s motion to dismiss a lawsuit brought under the Employee Retirement Income Security Act that was filed in October of 2021. Dr. Josh McGowan, CPA (@Jmcgowan3838) January 21, 2023 Happy first day of tax season! You’ve got this!

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NJCPA Names Joe Breen a 2022 Emerging Leaders Ovation Award Winner

Withum

The New Jersey Society of Certified Public Accountants (NJCPA) has named Joe Breen a 2022 Ovation Award winner in the Emerging Leaders category. Joe is a Senior Tax Accountant working in both the Construction Industry Team and Private Client Services , specifically with High Net-Worth Individuals.

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State CPA Society News & Updates – June 2023

CPA Practice

It features career-development workshops and sessions with some of the accounting profession’s most prominent influencers. Participants were selected from public accounting firms of all sizes, business and industry, government and consulting firms. For more information about Accounting Opportunities Month, please visit bit.ly/TXAOM23.

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Friday Footnotes: PwC Is Tops in M&A Advisory; What You Can Do With a MAcc; EY Consolidates in LatAm | 4.28.23

Going Concern

News The leak that puts a multibillion-dollar industry at risk [ Sydney Morning Herald ] A foolish attempt to help multinational companies avoid paying tax in Australia has spectacularly backfired on the multibillion-dollar professional services industry, infuriating Canberra and potentially costing these high-profile firms billions in fees.

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