Recent tax acts, including the 2025 One Big Beautiful Bill Act (HR1), contain favorable developments for depreciating and expensing yearlings, breeding stock, farm equipment and other property that CPAs and their clients involved in the equine industry should be aware of.

Offering employee benefits is a crucial element and investment in hiring and retention. CFOs, finance directors and those involved in human resources (HR) capacities need to keep a close eye on the management and administration of benefits.

Whether it’s increasing awareness of accounting careers, initiating pulse checks on important issues or enlisting bipartisan support for causes that advance the accounting profession, it’s vital that we make our collective voices heard with New Jersey legislators.