NJCPA member Alan Sobel, CPA, provided testimony on Dec.10 to the New Jersey Senate Budget Committee in support of Senate bill S3246, a measure which should save New Jersey business owners hundreds of millions of dollars without the loss of any tax revenues to the state.​

The IRS has issued Notice 2018-97 offering guidance on a recent tax law change that allows qualified employees of privately-held corporations to defer paying income tax, for up to five years, on the value of qualified stock options and restricted stock units (RSUs) granted to them by their employers.

Leaders of the CPA profession, the regulatory community and representatives from critical stakeholder groups are joining together to explore possible changes to the CPA licensure model that embrace the need for expanded skillsets of professionals.