Government Entities
CMFO Roundtable Discussion Recording – June 14, 2022
On Tuesday, June 14, Bud Jones, Managing Partner of Nisivoccia and Jon Rheinhardt, CFO for Bergen County hosted a CMFO Roundtable discussion. Topics for discussion included How Ratings Agencies Review Entities, How to Prepare for a Bond Issue and a Rating Agency Visit, and a Mock Rating Agency Visit. We were pleased to welcome our…
Read MoreFederal Tax News for Individuals
1. If You Make Estimated Tax Payments, a Deadline Is Coming Up If you pay quarterly estimated taxes, circle this date on your calendar: June 15. That’s the payment due date for your second-quarter estimated taxes. Individuals, including sole proprietors, partners and S corporation shareholders, must make estimated tax payments if they expect to owe…
Read MoreCongress Eyes Further Retirement Savings Enhancements
In 2019, the bipartisan Setting Every Community Up for Retirement Enhancement Act (SECURE Act) — the first significant legislation related to retirement savings since 2006 — became law. Now Congress appears ready to build on that law to further increase Americans’ retirement security. The U.S. House of Representatives passed the Securing a Strong Retirement Act…
Read MoreSBA Roundtable – Project Planning & Key Financing Considerations of a Referendum, March 21, 2022
On Monday, March 21st, our Government Audit Partners, Kathi Mantell, Valerie Dolan, Heidi Wohlleb, and Man Lee hosted a School Business Administrator (SBA) Roundtable to discuss Project Planning & Key Financing Considerations of Bond Referendums. We welcomed a panel of professionals with various experiences in referendums: Sherry Tracey with Phoenix Advisors, Andrea Kahn with McManimon…
Read MoreCMFO Roundtable: The American Rescue Plan – Final Rule Updates, March 11, 2022
On Friday, March 11th, we hosted our first CMFO Roundtable discussion of 2022, where presenters discussed the American Rescue Plan Act, including Final Rule changes, updates on the bill, implications to budgeting, accounting, and financing, and more. Click below to watch a full recording of the roundtable.
Read More2022 Tax Calendar
To help you make sure you don’t miss any important 2022 deadlines, we’ve provided this summary of when various tax-related forms, payments and other actions are due. Please review the calendar and let us know if you have any questions about the deadlines or would like assistance in meeting them. Date Deadline for January 31…
Read MoreNew Jersey to Introduce Retirement Savings Mandate for Small Businesses in 2022
In March of 2022, a new NJ state law will take effect, requiring small businesses, including non-profits, with 25 or more employees to offer qualified retirement savings plans to their employees. Those that do not comply will face financial penalties. This law requires any New Jersey employer who has been in business for more than…
Read MoreIRS Reports Delays in Processing Refunds
In the National Taxpayer Advocate’s Annual Report to Congress, Erin M. Collins focuses on processing and refund delays and the impact on taxpayers for 2021. The 2021 Annual Report to Congress called calendar year 2021 “the most challenging year taxpayers and tax professionals have ever experienced,” reporting tens of millions of taxpayers experiencing delays in…
Read More2022 Q1 Tax Calendar: Key Deadlines for Businesses and Other Employers
Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2022. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. Contact us to ensure you’re meeting all applicable deadlines and to learn more about the filing requirements. January…
Read MoreFederal Tax News for Businesses
1. Court Limits Sole Proprietor’s Auto Expense Deductions Business owners can generally deduct the ordinary and necessary costs of doing business if they keep good records. To claim vehicle expenses, a contemporaneous log must be kept showing odometer readings, dates, business purpose of trips and miles driven. In one case, a personal trainer filed tax…
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