Popular Accounting Apps for Your Business

Here are the most popular apps on the most popular accounting software app marketplaces: Intuit’s QuickBooks App Store, Xero’s App Marketplace, and the Sage Intacct Marketplace. From Intuit’s QuickBooks…

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Significant Increase in Mileage Rates for 2019

The optional standard mileage rates for business use of a vehicle will increase significantly in 2019, after increasing slightly last year. Beginning on Jan. 1, 2019, the standard mileage rates for the…

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Preparing for Revenue Recognition and Lease Accounting Changes

Is your company prepared to implement the upcoming Revenue Recognition changes or the new Lease Accounting Standards? We have prepared a memo to familiarize you with the guidance from the Financial Accounting…

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NJ Tax Amnesty: November 15, 2018 through January 15, 2018

The NJ Tax Amnesty program applies to outstanding tax filings or payments that are due on or after February 1, 2009, and prior to September 1, 2017. The NJ Division of Taxation recently mailed a letter…

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Social Security Wage Base Set for 2019

The Social Security Administration (SSA) announced that the maximum amount of wages subject to the old age, survivors, and disability insurance (OASDI) tax will increase to $132,900 for 2019. The OASDI…

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IRS Inflation Adjustments and Tax Tables Issued for 2019

The IRS issued the 2019 annual inflation adjustments for many tax provisions as well as the 2019 tax rate tables for individuals and estates and trusts (Rev. Proc. 2018-57). These adjusted amounts will…

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IRS Alerts Taxpayers: Scammers Scheming Around Oct. 15 Deadline

The Internal Revenue Service is reminding taxpayers to beware of criminals who continue using devious tactics to steal money and personal information from unsuspecting victims, especially as the fall season…

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NJ Paid Sick Leave Law goes into Effect Oct. 29Th

The New Jersey statewide mandatory paid-sick-leave law will go into effect on Oct. 29. Once effective, it will require New Jersey employers of all sizes to provide up to 40 hours of paid sick leave per…

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New Jersey Issues New Rules on Salt Workaround

The state Division of Local Government Services adopted regulations to implement a “SALT” deduction workaround that Gov. Phil Murphy and U.S. Rep. Josh Gottheimer (D-N.J.) introduced earlier this year…

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IRS & Treasury Propose Regulations on Salt Deduction Charitable Workarounds

The U.S. Department of the Treasury and the Internal Revenue Service issued proposed regulations providing rules on the availability of charitable contribution deductions when the taxpayer receives or…

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