Withum

JANUARY 19, 2022

New Jersey business owners may want to reconsider passing on the NJ BAIT election due to recent legislative change. 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.

income tax 76

income tax New Jersey Tax Real Estate 76

Withum

NOVEMBER 8, 2022

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.

Manufacturing 73

Manufacturing New Jersey CPA tax services 73

CPA Practice

JANUARY 10, 2024

an accounting, tax, and management advisory firm that specializes in serving private clients through sophisticated tax services. has regularly provided high-net-worth individuals and other private clients with comprehensive, individualized tax offerings. Financial terms of the deal, which became official on Jan.

Rhode Island 52

Rhode Island Connecticut Maryland New Jersey 52

CPA Practice

JANUARY 4, 2024

The firm specializes in serving privately owned businesses and high-net-worth individuals with accounting, auditing, and tax services; business valuation aid; accounting software selection and implementation support; financial planning; and management advisory services and business planning. by revenue.

Real Estate 52

Real Estate New Jersey audit accounting software 52

CPA Practice

NOVEMBER 3, 2023

Ted Carnevale, New Jersey practice co-leader and partner at Grassi whose firm Gramkow, Carnevale, Seifert & Co. For its new alternative practice structure, the firm announced that Grassi Advisory Group will perform all advisory and tax services, while Grassi CPAs will handle all audit and attest work.

cpas 59

cpas New Jersey cpa firm New York 59

CPA Practice

FEBRUARY 19, 2024

Professionals on the Move is a round-up of recent promotions and staffing announcements from around the accounting and tax profession. Schneider Downs Boosts Tax Team Schneider Downs & Co., Hailey Adams , Tax Manager, has been in public accounting for over 9 years, primarily focusing on tax-exempt organizations.

New Hampshire 64

New Hampshire audit accounting and finance Non-Profits 64

inDinero Accounting

DECEMBER 5, 2023

The Qualified Small Business Exemption (QSBS exemption) can shield up to $10 million, and sometimes more, of stock appreciation from capital gains tax. The rules are complex but worth understanding; there are substantial tax savings to be had by claiming this rare exemption. Table of Contents What is the QSBS Exemption?

tax return 52

tax return Mississippi Wisconsin Tax 52

CPA Practice

NOVEMBER 2, 2023

Ted Carnevale, New Jersey practice co-leader and partner at Grassi whose firm Gramkow, Carnevale, Seifert & Co. For its new alternative practice structure, the firm announced that Grassi Advisory Group will perform all advisory and tax services, while Grassi CPAs will handle all audit and attest work.

cpas 52

cpas New Jersey cpa firm New York 52

CPA Practice

FEBRUARY 1, 2024

Professionals on the Move is a round-up of recent promotions and staffing announcements from around the accounting and tax profession. Schneider Downs Boosts Tax Team Schneider Downs & Co., Hailey Adams , Tax Manager, has been in public accounting for over 9 years, primarily focusing on tax-exempt organizations.

New Hampshire 52

New Hampshire audit accounting and finance Non-Profits 52

Withum

MAY 4, 2022

New York’s fiscal year 2023 budget bill that was enacted into law significantly expands the benefits of the state’s pass-through entity tax (“PTET”) for many businesses. Some of the major PTET highlights include amplifying the benefits for resident S corporation shareholders, as well as establishing a New York City PTET.

income tax 112

income tax New York Tax New Jersey 112

PYMNTS

MAY 6, 2020

This is resulting in increased revenue for these online gambling platforms in states like New Jersey — trends in growth that may well continue after the crisis. There is one sticking point online casinos need to fix, however, and that is the speed at which consumers receive their winnings.

Gambling 88

Gambling Sports New Jersey Tax 88

CPA Practice

MARCH 13, 2023

Perfetto has worked with numerous large, publicly traded clients on complex accounting and audit matters such as acquisitions, impairment analysis, valuation, income tax provision, group audits, and management review controls. He also has significant experience working with mid-size and developing privately held businesses.

Real Estate 52

Real Estate forensic accounting Connecticut cpas 52

Withum

AUGUST 3, 2023

On July 3, 2023, New Jersey enacted comprehensive tax legislation (A5323) that will likely impact every business in one shape or another. This includes investment management companies, such as investment advisors, hedge fund managers, mutual fund service providers, broker-dealers, and similar financial service businesses.

New Jersey 52

New Jersey income tax Tax payroll 52

Withum

JULY 12, 2023

New Jersey Gov. The legislation includes significant changes to the state’s Business Tax reform that was originally enacted in 2018, which brought about unitary-combined filing and market-based sourcing for corporations beginning in 2019. Now, such strategies may need to be rethought.

New Jersey 52

New Jersey Tax business tax income tax 52

xendoo

JANUARY 16, 2023

Filing taxes as a small business owner can be complex, with numerous factors to consider. From tax law revisions to the overwhelming number of forms, understanding your small business tax rate and how to file can be difficult. Your business entity type and preferred filing status will also affect your tax rate.

business tax 52

business tax Tax income tax payroll tax 52

Withum

AUGUST 7, 2023

As the world shifts towards a greener future, this federal tax credit encourages the adoption of electric vehicles (EVs), plug-in hybrid electric vehicles (PHEVs), and other qualified clean fuel vehicles. Are There State Income Tax Incentives for the Purchase of a Clean Vehicle? How Do I Claim a New Clean Vehicle Credit?

income tax 52

income tax New Jersey Manufacturing tax return 52

Withum

JULY 28, 2023

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.

New Jersey 94

New Jersey payroll tax payroll Tax 94