Patrick Chong
Patrick Chong, CPA
Member since 2009

New Jersey Issues Rules on Taxability of Transient Accommodation Rentals

Posted on August 20, 2018

Starting Oct. 1, 2018, rentals of transient accommodations in New Jersey are subject to sales tax, the state occupancy fee and the Meadowlands regional hotel use assessment.

NJCPA and New Jersey Realtors Partner to Develop Property Tax Guide for NJ Homeowners

Posted on August 20, 2018

The publication, “New Jersey Homeowner’s Guide to Property Taxes,” answers everyday questions homeowners have about how their home’s value is assessed, how their tax bill is created and where tax dollars get allocated. The guide will be published in September.

New Jersey Issues Sales Tax Rules for Remote Sellers

Posted on August 16, 2018

Consistent with South Dakota v. Wayfair, effective Oct. 1, 2018, a remote seller that makes a retail sale of tangible personal property, specified digital products or services for delivery to a location in New Jersey must register, collect and remit New Jersey sales tax if the remote seller meets one of two criteria.

 

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CFO Series - Budgets and Projections

August 27, 2018

Executive Education’s CFO Series provides a convenient, one-stop way for CFOs and those who aspire to be CFOs, to choose an entire year’s worth of CPE with a single decision. The CFO Series consists of a year’s worth of CPE including 20, two-hour topics presented by 5 different speakers spread over five months. Arrange all 40 credits you need by signing up for just one series. Each day consists of a different expert, leading discussions about four different topics. The CFO Series features high-quality presentations and the interactive, executive level colleague-to-colleague approach CFOs have come to expect from Executive Education, Inc.

Each topic and each day stands on its own. If you are not sure about making a five-day commitment, sign up for just a single day. We think you will come back for more!

Business Valuation and Litigation Services Conference

September 27, 2018

What does the FVS professional of the future look like? The stage is set for a period of increased M&A meaning more and more companies will rely on CPAs for guidance. Key topics will include: Valuing a Craft Brewery, Avoiding Surprises in M&A Transactions, Detecting Fraud in Bankruptcy, and Bitcoin’s Role in FVS. This year’s conference will give CPAs some of the tools required to guide businesses through 2020 and beyond.

 

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1099 Best Practices for Nonprofit Organizations

Posted on August 13, 2018

Nonprofit organizations have particular requirements when it comes to the IRS. All vendors that do business with nonprofits should be treated as independent contractors (exceptions apply) and issued a 1099.

Outsourcing the Audit: Is it Right for Your Firm?

Posted on August 2, 2018

CPAs likely will never totally outsource a function that requires judgement and professional skepticism to ensure that the clients’ financial statements are fairly presented. However, CPA firms need to be open to filling the talent gap with some level of outsourced support, AI and emerging technologies in order to stay competitive in the marketplace.

Your Company's Audit: Get a Game Plan Ready

Posted on August 1, 2018

The keys to a good audit are planning, preparation and communication. You want to have a good relationship with your auditors and keep the communication channels open — not just during the audit but year-round.

 

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There's No Time Like the Present for Life Insurance

Posted on August 16, 2018

Most people spend more time planning vacations than they do on organizing their finances, particularly determining life insurance needs. For CPAs, the same holds true.

Tax Practitioners Need to Analyze Their Own Risk Appetites Before Servicing the Cannabis Industry

Posted on July 31, 2018

Tax practitioners will have to examine their appetite for risk before serving clients in the cannabis industry. Education on Internal Revenue Codes will allow tax practitioners to best protect themselves from scrutiny as will understanding the calculation of cost of goods sold (COGs).

5 Considerations When First Starting Out in Accounting

Posted on July 25, 2018

When first starting out at a firm, early career professionals need to have a positive attitude, ask for feedback and ask questions. Find out other ways to begin the job right.

 

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Join the Emerging Technologies Interest Group

Posted on June 4, 2018

The Emerging Technologies Interest Group is a new community of NJCPA members intent on sharing and sharpening their knowledge of current and emerging technologies.

Join the Women's Leadership Forum

Posted on May 15, 2018

Join the NJCPA Women's Leadership Forum, a new online community for peer-to-peer support, networking and communication for female NJCPA members.

Be a Seminar Moderator

Posted on April 13, 2018

The NJCPA is looking for members interested in attending and moderating seminars at a discounted registration fee.

 

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