News




New Jersey Provides Guidance on CBT Changes
 

New Jersey Provides Guidance on CBT Changes

Posted: December 11, 2018
The New Jersey Division of Taxation has issued a technical bulletin summarizing the major changes to the New Jersey Corporation Business Tax Act. The changes are effective for tax years beginning on or after Jan. 1, 2017.

Making Large Gifts Now Won’t Harm Estates After 2025
 

Making Large Gifts Now Won’t Harm Estates After 2025

Posted: November 21, 2018
The IRS has announced that individuals taking advantage of the increased gift and estate tax exclusion amounts in effect from 2018 to 2025 will not be adversely impacted after 2025 when the exclusion amount is scheduled to drop to pre-2018 levels.

Paid Sick Leave Now the Law in New Jersey
 

Paid Sick Leave Now the Law in New Jersey

Posted: May 25, 2018
New Jersey has now joined several other states in passing a paid sick leave law. The law preempts paid sick leave ordinances adopted by several cities and towns so there is now one uniform law in this area for New Jersey employers. Here is what you need to know about the new law.

Rules for NJ and Federal Property Tax Deductions Vary Widely
 

Rules for NJ and Federal Property Tax Deductions Vary Widely

Posted: January 11, 2018
New Jersey taxpayers who prepaid one or two quarters of their 2018 property tax assessments at the end of 2017 need to be aware that the amount they can deduct on their federal tax return is not the same as the amount they can deduct on their state tax return.

New Jersey Tax Law Changes for 2018
 

New Jersey Tax Law Changes for 2018

Posted: December 19, 2017
Retirees and other New Jersey residents will face a variety of tax changes in 2018 as part of the provisions in the Transportation Trust Fund and tax relief bill of 2016. Read to find out more specifics related to veterans and sales and use, retirement income and estate taxes.

NJCPA Members Turn Down Associate Member Change
 

NJCPA Members Turn Down Associate Member Change

Posted: June 14, 2017
Fellow members of the NJCPA voted against expanding the Associate membership category to include accounting and financial professionals who do not hold a CPA license.