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New Jersey Tax Opportunity: Certainty Sooner Through Voluntary Disclosure

Withum

If your company has operations in New Jersey and other states but does not necessarily have complete or clear tax reporting in New Jersey (and you are dreading it), a new initiative may represent a significant opportunity. To enter the program, taxpayers must agree in writing by Sept. Contact Us.

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New Jersey Legislation Requires Businesses to Offer State Mandated Retirement Plans

Withum

Governor Phil Murphy signed the New Jersey Secure Choice Savings Program Act on March 28, 2019, requiring many small to mid-size businesses to offer a retirement plan. New Jersey did create a Secure Choice Savings Program website that should provide more details regarding the program.

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New Jersey Enacts Legislative Fix for Business Alternative Income Tax

Withum

Governor Murphy signed into law a bipartisan bill (S4068) that enhances the state’s electable pass-through entity (PTE) tax, known as the New Jersey Business Alternative Income Tax (BAIT) on January 18, 2022. In exchange of the BAIT entity paid tax, owners receive a corresponding pro rata share of a BAIT credit.

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Tax Preparer Finds Out in the Worst Way Possible That ERC Wasn’t a Free Money Glitch

Going Concern

A federal grand jury in Newark, New Jersey, returned an indictment Wednesday charging tax preparer Leon Haynes of Teaneck, New Jersey with fraudulently seeking more than $150 million from the IRS by filing more than 1,600 false tax returns for himself and his clients that claimed COVID-19-related employment tax credits.

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Governor Murphy Announces a New Grant Program To Support Manufacturers

Withum

Governor Murphy announced the development of a pilot program to give New Jersey manufacturers grants to purchase equipment necessary to improve their business operations on October 17, 2022. For more information on this topic, please contact a member of Withum’s State and Local Tax Services Team. Contact Us.

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The latest on sales tax on shipping charges (part 1)

TaxConnex

A mixed package incurs sales tax on the portion of shipping equal to that portion of the package that is taxable goods: This occurs in Arkansas, Minnesota, Nebraska, New York, North Carolina and Rhode Island. Tax-free states.

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Tax Framework Released: Tax Relief for American Families and Workers Act of 2024

Withum

Butler (D) Butler (202) 224-3841 California Alex Padilla (D) Padilla (202) 224-3553 Florida Marco Rubio (R) Rubio (202) 224-3041 Florida Rick Scott (R) Scott (202) 224-5274 New Jersey Cory A. Booker (D) Booker (202) 224-3224 New Jersey Robert Menendez (D) Menendez (202) 224-4744 New York Charles E.

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