NJCPA Focus

NJCPA Focus is an informative blog that discusses timely issues, trends and developments in the accounting industry from NJCPA members, staff and other professionals. 

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    A Mentor's Perspective: What Works and Why it Matters

    Posted: March 4, 2025
    Whether a teacher, a family member, a boss or a friend, we all can name at least one person who has had a significant impact on our lives. These individuals inspire and guide us.
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    Using AI for an R&D Study?

    Posted: February 24, 2025
    There are common, routine, non-technical tasks that artificial intelligence (AI) can help with in CPA practices, but with complex tax matters, such as research and development (R&D) and the Employee Retention Credit (ERC), AI tends to lack the necessary human judgment.
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    The Overlooked Step: Understanding the Importance of Internal Controls

    Posted: February 7, 2025
    Accountants and CPAs must advocate for internal controls not only as a best practice but as a critical component of financial systems. Internal controls are not just technical tools — they are essential safeguards that protect organizations from financial risks
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    It’s Time to Modernize the Painfully Obsolete $150,000 PAL Threshold

    Posted: February 5, 2025
    Every CPA who handles real estate clients is familiar with the $150,000 passive activity loss (PAL) limitation. Part of our role is to warn clients just how quickly a teacher-and-firefighter household, or two average professionals, can lose these crucial tax benefits.
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    5 Tactics Used by Highly Effective Leaders in the Heat of Busy Season Battles

    Posted: February 4, 2025
    Like elite sports teams and military units, high-performing accounting firms hold their composure during times of duress. Firms with a strong culture and governance model are particularly well equipped to handle “battlefield” conditions.
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    3 Best Practices for Budgeting Success

    Posted: January 24, 2025
    For accountants, helping businesses navigate budgeting effectively is not just about balancing numbers — it’s about enabling them to achieve their financial and operational goals and make informed decisions.
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    How New Jersey Residents Can Avoid Double Taxation on New York and Pennsylvania Income

    Posted: January 17, 2025
    Multi-state taxation can significantly affect a taxpayer’s finances, but proactive planning can help minimize its impact. CPAs need to be aware that accurately filing Form NJ-COJ ensures that individuals receive the full credit for taxes paid to other jurisdictions, preventing double taxation.

 

We welcome interest in writing for NJCPA Focus. Please refer to the following guidelines in writing a blog post:

  • Have no more than 400 words in length.
  • Use bullet points/tips/recommendations, when possible.
  • Link to an objective or independent report or article, if available.
  • Do not sell a product or service.

To submit a blog post for consideration, contact Kathleen Hoffelder, content editor at NJCPA, via email. All posts will be entered by NJCPA staff and reposted on social media.