General News

SAX Recognized Among Top 100 Firms in Accounting Today Annual Ranking for Fifth Consecutive Year
SAX Recognized Among Top 100 Firms in Accounting Today Annual Ranking for Fifth Consecutive Year 400 400 SAX LLP - Advisory, Audit and Accounting

Parsippany, NJ, March 6, 2025 – Joseph Damiano, CEO and Managing Partner of SAX LLP, is proud to announce that the firm has earned a spot on Accounting Today’s prestigious…

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TAX ALERT: Corporate Transparency Act Update
TAX ALERT: Corporate Transparency Act Update 400 400 SAX LLP - Advisory, Audit and Accounting

On February 27, 2025, the Financial Crimes Enforcement Network (“FinCEN”) announced that it will not impose fines, penalties, or take enforcement actions against businesses that fail to file or update…

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Steps Your Nonprofit Can Take During These Uncertain Times
Steps Your Nonprofit Can Take During These Uncertain Times 400 400 SAX LLP - Advisory, Audit and Accounting

As you are aware, the current Administration has issued a series of Executive Orders that will have significant implications for the nonprofit sector. Additionally, the Office of Management and Budget…

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SAX Presents its 2024 Year in Review
SAX Presents its 2024 Year in Review 400 400 SAX LLP - Advisory, Audit and Accounting

As we turn the page to 2025, we’d like to take a moment to reflect on 2024, a year filled with growth, innovation, and collaboration. These achievements were made possible…

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SAX LLP Strengthens Leadership Team with Three Partner Promotions
SAX LLP Strengthens Leadership Team with Three Partner Promotions 400 400 SAX LLP - Advisory, Audit and Accounting

Parsippany, NJ, January 9, 2024 – SAX LLP, a top 100 accounting tax firm, proudly announces the promotion of Matthew Bernocchi, CFP®, Igor Petrovic, CPA, and Joseph Saverino, CPA, MBA,…

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New York State Implements Sales Tax Parity Law for Short-Term Rentals – Requiring Registration
New York State Implements Sales Tax Parity Law for Short-Term Rentals – Requiring Registration 400 400 SAX LLP - Advisory, Audit and Accounting

New York State has imposed a sales tax on hotel occupancy charges.  Effective April 2025, the definition of “hotel” for purposes of sales on occupancy charges includes short-term rental units…

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PAYROLL TAX RATE UPDATES FOR 2025
PAYROLL TAX RATE UPDATES FOR 2025 400 400 SAX LLP - Advisory, Audit and Accounting

In order to calculate payroll taxes accurately and effectively for your company and employees next year, it is important to understand the new and existing compliance requirements in effect for…

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2024 PAYROLL TAX REMINDERS
2024 PAYROLL TAX REMINDERS 400 400 SAX LLP - Advisory, Audit and Accounting

Year-end payroll reporting for 2024 is right around the corner.  To assist you in preparing the items your payroll provider will need to complete your payroll tax returns, we have…

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FORM 1099 FILING INFORMATION
FORM 1099 FILING INFORMATION 400 400 SAX LLP - Advisory, Audit and Accounting

The threshold requiring electronic filing applies to any company filing 10 or more total forms of any type.  It is important that employers review and understand the compliance procedures.  Not…

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TAX ALERT: Preliminary Injunction Against the Corporate Transparency Act
TAX ALERT: Preliminary Injunction Against the Corporate Transparency Act 400 400 SAX LLP - Advisory, Audit and Accounting

On December 3, 2024, the United States District Court for the Eastern District of Texas issued a preliminary injunction against the Corporate Transparency Act (CTA) and its implementing regulations. The…

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