NJCPA Press Releases and Statements

NJCPA Media Contact

Rachael Bell
862-702-5620
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Press Releases

NJCPA Member Jose Borbon Graduates from AICPA Leadership Academy

Posted: October 21, 2019
The New Jersey Society of CPAs congratulates Jose M. Borbon, CPA, an assistant vice president and senior auditor at Kearny Bank, on graduating from the American Institute of CPAs' 2019 Leadership Academy.

New Jersey Society of CPAs Reminds Taxpayers New IRS Guidance on Cryptocurrency Provides Clarity but Questions Remain

Posted: October 11, 2019
The NJCPA reminds taxpayers that the IRS’s newly released two-part guidance on the tax treatment of virtual currency — such as Bitcoin, Litecoin and Libra — helps to clarify many issues relating to accounting, financial reporting and distribution. However, questions still remain.

New Jersey’s Fiscal Problems are Biggest Concern in Operating a Business Over the Next 12 Months, says NJCPA Survey

Posted: September 30, 2019
The greatest issue impacting the operation of a business in New Jersey over the next 12 months is the state’s fiscal problems, according to nearly 30 percent of the 347 respondents in a survey conducted by the NJCPA earlier this month.

NJCPA Launches 10th Annual Food Drive for Community FoodBank of New Jersey

Posted: September 16, 2019
The food drive runs from Sept. 16 to Nov. 15. The NJCPA is seeking to meet or exceed food collection of approximately 3,000 pounds of nonperishable food items and canned goods each year.

10 Tips for Being a Smart Student Loan Borrower

Posted: August 1, 2019
With approximately $1.5 trillion in student loan debt in the United States, students and their parents need to more carefully understand loan terms and how to combat the rising cost of borrowing.

New Jersey Society of CPAs Reminds Taxpayers to Check Tax Withholding Amid Pending IRS Form W-4 Changes

Posted: July 25, 2019
Taxpayers should review their current federal income tax withholding from their paychecks, particularly as the IRS is issuing a new Employee’s Withholding Allowance Certificate (Form W-4).

CPAs Agree U.S. Student Loan Debt is a Financial Crisis

Posted: July 8, 2019
More than 80 percent of CPAs surveyed in June by the NJCPA said they either “strongly agreed” or “somewhat agreed” that student loan debt at $1.6 trillion in the United States is a financial crisis. More than 75 percent of respondents considered student loan debt in New Jersey to be a “major problem.”

Statements

A Fiscal Reality: NJCPA and AICPA Support the Fiscal State of the Nation Resolution

Posted: October 15, 2019
The U.S. government’s balance sheet indicates that, over time, the nation has an accumulated deficit of $21.5 trillion. The Fiscal State of the Nation resolution would ensure that members of Congress are made aware of the information in the federal financial statements and helps them to better understand how current and/or future policy may affect the nation’s long-term fiscal health.​

A Plan for New Jersey Tax Relief

Posted: October 7, 2019
Three out of four New Jersey accountants seem to agree that when it comes to finding relief from rising business and personal tax obligations, the answer often is "anywhere but here." The Plan for an Affordable New Jersey calls for a comprehensive reform of our tax structure to restore regional competitiveness and a restructuring of our burdensome corporate and property tax rates.

NJCPA Supports Employer-Provided Student Loan Repayment

Posted: September 3, 2019
The New Jersey Society of CPAs supports the expansion of employer-provided student loan repayment benefits to help reduce the levels of outstanding debt for all generations in the workforce.

NJCPA Supports Path to Progress Legislative Package

Posted: May 16, 2019
The NJCPA strongly endorses the reform recommendations spelled out by the New Jersey Economic and Fiscal Policy Workgroup in its “Path to Progress” report and is pleased that many of the recommendations are now included in a sweeping new package of bills introduced by Senate President Steve Sweeney.

Most CPAs Are Telling Clients to Relocate out of New Jersey — Here’s How We Can Change That

Posted: May 6, 2019
New Jersey must break its destructive tax-and-spend habit by addressing the structural imbalances in its budget in order to put the state on sounder financial footing. The NJCPA supports policies that produce a fair tax system and economic growth so that companies and residents will stay in New Jersey and thrive.

Most CPAs Are Telling Clients to Relocate out of New Jersey — Here’s How We Can Change That

Posted: April 30, 2019
Certified public accountants often hear objections about New Jersey’s high taxes from clients who are looking to leave New Jersey — and this past tax season was no exception, according to members of the New Jersey Society of CPAs.