News

Rules for NJ and Federal Property Tax Deductions Vary Widely
 

Rules for NJ and Federal Property Tax Deductions Vary Widely

Posted: January 11, 2018
New Jersey taxpayers who prepaid one or two quarters of their 2018 property tax assessments at the end of 2017 need to be aware that the amount they can deduct on their federal tax return is not the same as the amount they can deduct on their state tax return.

2018 Tax Filing Season Begins Jan. 29; Returns Due April 17
 

2018 Tax Filing Season Begins Jan. 29; Returns Due April 17

Posted: January 4, 2018
The IRS will begin accepting tax returns on Jan. 29, with nearly 155 million individual tax returns expected to be filed in 2018. The nation’s tax deadline will be April 17 this year – so taxpayers will have two additional days to file beyond April 15.

New Jersey Tax Law Changes for 2018
 

New Jersey Tax Law Changes for 2018

Posted: December 19, 2017
Retirees and other New Jersey residents will face a variety of tax changes in 2018 as part of the provisions in the Transportation Trust Fund and tax relief bill of 2016. Read to find out more specifics related to veterans and sales and use, retirement income and estate taxes.

Details of Tax Reform Legislation Revealed
 

Details of Tax Reform Legislation Revealed

Posted: November 3, 2017
The Tax Cuts and Jobs Act incorporates many of the provisions listed in the Republicans’ September tax reform framework while providing new details.


CPA Exam Score Extensions to be Case Basis Only
 

CPA Exam Score Extensions to be Case Basis Only

Posted: September 13, 2017
The National Association of State Boards of Accountancy (NASBA) said it would determine any CPA candidate requests for extensions past the 18-month window for passing the Uniform CPA Examination on a case-by-case basis.

CPAs Have More Reciprocity Than NJ Board of Accountancy Form Says
 

CPAs Have More Reciprocity Than NJ Board of Accountancy Form Says

Posted: September 7, 2017
The Application for Certification by Endorsement form posted on the New Jersey State Board of Accountancy website erroneously states reciprocity information. While the State Board is aware of the error, the form has yet to be updated to show that NJ has reciprocity with all jurisdictions.


NJCPA Members Turn Down Associate Member Change
 

NJCPA Members Turn Down Associate Member Change

Posted: June 14, 2017
Fellow members of the NJCPA voted against expanding the Associate membership category to include accounting and financial professionals who do not hold a CPA license.