New Jersey news

Practice

Two Large Ohio Cities Most Tax-Friendly for US Businesses: Study

According to a new KPMG report, the top five US cities with populations above 2 million that have the most favorable tax climate for businesses are Cincinnati, Cleveland, Atlanta, Baltimore, and Pittsburgh.
Tax

Olympic Medal Dreams: All That Glitters Is Taxable

Winning a medal in the Winter Olympics is not extremely lucrative for US athletes, with $25,000 awarded for gold, $15,000 for silver, and $10,000 for bronze. And that prize money is taxable by Uncle Sam. Even those with the lowest incomes will pay at least 10 percent to the IRS, and maybe more in state taxes.
Education & Careers

NJSCPA Unveils New Compensation Study

The New Jersey Society of CPAs (NJSCPA) just released its "2013/14 NJSCPA Compensation & Benefits Study of Public Accounting Firms in New Jersey." Not limited to just salary, the report also covers such topics as incentive plans, health insurance, and training/development.
Tax

Super Bowl Money and Tax Facts You May Not Know

NFL players are well-paid, even the rookies. But the biggest winners this year – the Denver Broncos and the Seattle Seahawks – are playing in the Super Bowl this weekend. However, all of the Denver and Seattle players will owe the state of New Jersey taxes, thanks to the “jock tax.”
Tax

Crime Watch: December 27, 2013

A sixty-three-count superseding indictment in a conspiracy to defraud the IRS was unsealed December 23. The indictment alleges that Primetime Tax Services Inc. was a tax return preparation business with three storefronts in the Minneapolis area.
A&A

Survey Finds CPAs Have a Bleak View on US Economy for 2014

CPAs in New Jersey, New York, and Pennsylvania believe economic conditions will likely be the same one year from now. While they predict higher business revenues for their states next year, they do not have the same optimism for workforces.
Tax

Crime Watch: December 6, 2013

Gary Mach was sentenced to sixteen months in prison, two months of house arrest, and eighteen months of probation and ordered to pay $270,725 in restitution to the IRS after previously pleading guilty to conspiracy to defraud the United States.
Practice

CPA Firms FMRTL and O'Connor Davies to Merge January 1

Cranford, New Jersey-based CPA firm Fazio, Mannuzza, Roche, Tankel, LaPilusa, LLC (FMRTL) will merge with New York-based full-service CPA firm O'Connor Davies, LLP effective January 1, 2014.
Tax

Crime Watch: October 18, 2013

Randolph Scott of Doylestown, Pennsylvania, an attorney whose practice included estate and probate matters, was charged by Indictment on October 3, 2013, with defrauding a client's estate of more than $1.7 million.
Tax

Crime Watch: October 4, 2013

A massive case of organized tax and bank fraud culminated September 26 with the unsealing of four federal grand jury indictments accusing fifty-five people of participating in one or more illicit schemes, including the theft of more than 2,000 identities that were used to claim more than $20 million in bogus IRS tax refunds.
Practice

Sax Macy Fromm and Bollam, Sheedy, Torani to Merge

Accounting and business consulting firms Sax Macy Fromm & Co. PC (SMF), based in Clifton, New Jersey, and Bollam, Sheedy, Torani, & Co. LLP (BST), headquartered in Albany, New York, will merge, effective January 1, 2014.
Tax

Crime Watch: September 19, 2013

Beth Ann Pettyjohn of Englewood, Colorado, was sentenced to serve twenty-eight months in federal prison for failure to pay over employment tax. The judge also ordered her to pay $4,669,532.05 in restitution to the IRS as well as a $25,000 fine.
Technology

NJSCPA Launches 'Twitter Tuesday Tips' on YouTube

The New Jersey Society of CPAs (NJSCPA) recently started a weekly series of YouTube videos on social media secrets that can help businesses excel, with Twitter the initial platform featured.
Tax

Another Taxing Opportunity: Plastic Bags in PA

There's nothing new about governments trying to use tax as behavior modification. They've been doing it forever. Now the behavior being targeted in some areas of the country is the choice at the grocery store of "paper or plastic."
Tax

How State Income Taxes May Be Redrawing the Population Map

Not many political potatoes are as hot as taxes. Whatever your opinion about state and local taxes, it's prudent now and then to gauge how the prevailing rates affect a state's fiscal health overall.
Tax

Prosecutors Get Paid to Watch 'Real Housewives of New Jersey'

As the case against reality star Teresa Giudice and husband Joe unfolds, outtakes from "The Real Housewives of New Jersey" will become part of the evidence for the prosecution to sift through.
A&A

Intuit Announces Small Business Big Game Multimillion Dollar Campaign

Intuit's new program shares the stories of small business owners with the world and recognizes their contributions with more than $25 million in rewards and offers to help them succeed.
Tax

Employers in Seventeen States May Face Higher FUTA Tax Rates

Because seventeen states and the Virgin Islands have had an outstanding federal unemployment insurance loan for at least two years, employers in those jurisdictions may not be able to claim the maximum amount of state unemployment tax credits on their 2013 FUTA tax return.
Tax

Reality Bites for Teresa Giudice - A Star with Real Tax Woes

Reality star Teresa Giudice has been in money trouble for a while. On July 29, it all got a whole lot worse when a federal grand jury handed down a thirty-nine count indictment against her and husband.
Tax

Crime Watch: July 12, 2013

A New Jersey man, who coowns and operates a wholesale merchandise business in New York selling adult paraphernalia, was sentenced to nineteen months in prison for concealing more than $1.2 million in income in various domestic and foreign bank accounts.

Pages


Already a member? log in here.