Legislative Action Center

Wage Theft Bill Signed Into Law

Posted: August 6, 2019
New Jersey businesses now face criminal penalties for failing to pay the wages owed to their employees thanks to legislation signed into law today by Acting Governor Shelia Oliver. However, the law would subject employers to criminal penalties for what are honest mistakes attributable to the legal complexities of New Jersey’s wage and hour law.

NJCPA Calls on New Jersey’s U.S. Senators and Representatives to Support Practitioner Services Division at IRS

Posted: July 16, 2019
This past May, several hundred CPAs from across the nation met with Members of Congress to ask for their support of consolidating existing IRS units into a Practitioner Services Division so that taxpayer issues are more efficiently resolved. These efforts proved effective – IRS Commissioner Rettig announced last week that he is considering the creation of a Practitioner Services Division, saying he understands the need for such a unit.​

Attention Small Businesses: Are You Ready for the NJ Family Leave Act?

Posted: July 5, 2019
If you have 30 to 49 employees, you could find yourself dealing with a new state law in the near future.

Do You Have a Relationship with Any of These Lawmakers?

Posted: July 2, 2019
One of the most powerful methods the NJCPA uses to influence New Jersey lawmakers is through direct contacts made by CPAs who have existing relationships with a lawmaker.

New Jersey's Angel Investor Tax Credit Has Increased

Posted: July 1, 2019
Looking to encourage investment into women and minority owned businesses, a bill to increase the Angel Investor Tax credit percentage by a taxpayer into a New Jersey emerging technology business from 10 to 20 percent of the qualified investment has been signed into law by Governor Phil Murphy.

Expansion of Veterans Tax Break to Go Before Voters in November

Posted: June 26, 2019
The New Jersey Legislature has approved a ballot question that would extend the existing $250 deduction to those living in continuing-care retirement communities.

New Jersey's Health-Care Debt Jumped So Much It Rivals Pension Obligations

Posted: June 7, 2019
Wall Street’s biggest worry about New Jersey is the government’s $100 billion debt to its workers’ pension funds. But because of a shift in accounting rules, its unfunded obligation for retirees’ health care benefits has tripled - and is now nearly as large.

NJCPA Members Visit Lawmakers in Washington D.C. to Discuss Issues Important to the Accounting Profession

Posted: May 29, 2019
At the top of the profession’s list of issues are modernizing the IRS's taxpayer services, changing the trigger that allows the IRS to grant deadline extensions when natural disasters occur, the growing importance of taxation of the digital economy and a Congressional resolution relating to the fiscal state of the nation.

The NJCPA plays a critical role protecting the CPA profession in the New Jersey Legislature. No group has more impact on your ability to practice your profession than the Governor and the members of the Legislature. One of the most powerful methods we use to influence this group is through direct contacts made by CPAs who have existing relationships with a lawmaker(s). If you have a relationship with any New Jersey lawmaker, please contact Jeff Kaszerman at 973-226-4494 x210 or jkaszerman@njcpa.org.