News

Paid Sick Leave Now the Law in New Jersey
 

Paid Sick Leave Now the Law in New Jersey

Posted: May 25, 2018
New Jersey has now joined several other states in passing a paid sick leave law. The law preempts paid sick leave ordinances adopted by several cities and towns so there is now one uniform law in this area for New Jersey employers. Here is what you need to know about the new law.


Law Change Affects Moving, Mileage and Travel Expenses
 

Law Change Affects Moving, Mileage and Travel Expenses

Posted: May 25, 2018
The IRS has provided information to taxpayers and employers about changes from the Tax Cuts and Jobs Act that affect move-related vehicle expenses, un-reimbursed employee expenses and vehicle expensing.


IRS Issues Notice on SALT Deductions
 

IRS Issues Notice on SALT Deductions

Posted: May 23, 2018
The U.S. Department of the Treasury and the IRS issued a notice today stating that proposed regulations will be issued addressing the deductibility of state and local tax payments for federal income tax purposes.

Legislators Rethinking Tax Plan for Legal Marijuana
 

Legislators Rethinking Tax Plan for Legal Marijuana

Posted: May 23, 2018
Lawmakers are looking to revamp how tax revenue from legalized cannabis is incorporated into the state budget, following talks between the Democratic administration and Sen. Nicholas Scutari, D-22nd District, an ardent supporter of marijuana legalization.

Free Tools to Counter a Common Audit Issue
 

Free Tools to Counter a Common Audit Issue

Posted: May 21, 2018
Risk assessment is at the core of every audit. However, more than 1 in 10 firms aren’t properly assessing risk or linking their assessment to their audit procedures. The AICPA's free toolkit has resources to help.


IRS Issues HSA Contribution Limits for 2019
 

IRS Issues HSA Contribution Limits for 2019

Posted: May 11, 2018
The IRS issued the calendar year 2019 inflation-adjusted figures for the annual contribution limits for health savings accounts (HSAs) and the minimum deductible amounts and maximum out-of-pocket expense amounts for high-deductible health plans.