Tax Amnesty Program Kicks Off Nov. 15 Posted: November 14, 2018 Individuals and businesses with outstanding New Jersey tax filings or payments may be eligible for a reduction in interest and penalties during the state's tax amnesty program.
NJCPA Endorses Pension and Benefit Reform Recommendations Posted: November 8, 2018 The NJCPA has endorsed the pension and health benefit reform recommendations in the Path to Progress report issued by New Jersey Economic and Fiscal Policy Workgroup.
FASB Proposes Improvements to Accounting for Episodic Television Series Posted: November 7, 2018 The Financial Accounting Standards Board has issued a proposed Accounting Standards Update that would align the accounting for production costs for films and episodic content produced for television and streaming services. Comments due by Dec. 7.
FASB Improves Accounting for Collaborative Arrangements Posted: November 6, 2018 The Financial Accounting Standards Board has issued an Accounting Standards Update that clarifies the interaction between the guidance for certain collaborative arrangements and the Revenue Recognition financial accounting and reporting standard.
AICPA Announces 2019 CPA Exam Score Release Dates Posted: November 6, 2018 It's time to plan your 2019 testing schedule. Score-release dates for next year's testing windows have been published.
FASB Provides Guidance on Revenue Recognition for Franchisors Posted: November 5, 2018 The Financial Accounting Standards Board has released an educational staff paper that provides implementation examples to help private company franchisors preparing to implement the revenue recognition standard in 2019.
New Jersey Provides Sales Tax Guidance to Marketplace Sellers Posted: November 1, 2018 Effective Nov. 1, online marketplace sellers and facilitators are required to collect and remit sales tax for sales and services delivered into New Jersey. Here is some guidance from the New Jersey Division of Taxation.
401(k), IRA Contribution Limits to Increase Posted: November 1, 2018 The IRS has announced cost-of-living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2019.
FASB Improves Consolidation Accounting Posted: October 31, 2018 The Financial Accounting Standards Board has issued an Accounting Standards Update that reduces the cost and complexity of financial reporting associated with consolidation of variable interest entities.
NJ Grants Automatic Extensions for Certain CBT-100, CBT-100S Filers Posted: October 26, 2018 Taxpayers filing a CBT-100 or CBT-100S, with an original due date of Nov. 15, 2018, or Dec. 15, 2018, have been granted an automatic extension to file their tax returns by Jan. 15, 2019.