News

Division of Taxation Acknowledges Tax Amnesty Calculation Error
 

Division of Taxation Acknowledges Tax Amnesty Calculation Error

Posted: February 22, 2019
Several NJCPA members noticed a potential error in the calculation of interest in penalities for some taxpayers participating New Jersey' recent tax amnesty program. The New Jersey Division of Taxation has issued a memo acknowledging the situation.


Get Your Tax Questions Answered
 

Get Your Tax Questions Answered

Posted: February 19, 2019
In conjunction with NJTV, News 12 and the Asbury Park Press, the NJCPA is offering several opportunities for New Jerseyans to get their pressing tax questions answered.



Legislation Announced to Repeal SALT Deduction Cap
 

Legislation Announced to Repeal SALT Deduction Cap

Posted: February 11, 2019
Senator Bob Menendez and Congressman Bill Pascrell, Jr., have unveiled a bipartisan bill to repeal the federal cap on state and local tax (SALT) deductions imposed by the Tax Cuts and Jobs Act.


Apply for an AICPA Accounting Scholarship
 

Apply for an AICPA Accounting Scholarship

Posted: February 8, 2019
The American Institute of CPAs announced that more than $650,000 in scholarships for accounting students is available for the 2019/20 academic year. The application deadline is March 1.

IRS Expands Identity Protection Pin Program
 

IRS Expands Identity Protection Pin Program

Posted: February 7, 2019
The IRS has expanded eligibility for its Identity Protection Pin (IP PIN) test program to taxpayers in the top 10 locations where identity thefts are reported to the Federal Trade Commission.

Governor Murphy Signs Bill Raising Minimum Wage to $15
 

Governor Murphy Signs Bill Raising Minimum Wage to $15

Posted: February 4, 2019
Governor Phil Murphy today signed legislation that will raise New Jersey's minimum wage to $15 per hour by 2024. Under the new law, the base minimum wage for New Jersey workers will increase to $10 per hour on July 1, 2019, and then will increase by $1 per hour every Jan. 1 until it reaches $15 per hour on Jan. 1, 2024.