Update: 403(b)/457(b) Plans
During 2020, our Employee Benefit Services Group represented several retirement plans that were selected for examination by the Internal Revenue Service (IRS).
Part-Time Workers: Start Counting Hours
The Setting Every Community Up for Retirement Enhancement (SECURE) Act (the Act) of 2019 seeks to expand retirement plan coverage for U.S. workers.
Benefits and Pitfalls of PILOT Agreements for NJ Municipalities
The tax abatement programs for all New Jersey cities dates back to 1961. Beginning in the late 1950s, commercial and manufacturing employers in large New Jersey cities began an exodus from the cities, not only taking with them thousands of jobs but substantially eroding the city’s tax base.
Update: NYC’s Paid Safe and Sick Leave Law
The New York City Office of Labor Policy and Standards recently issued amendments to NYC’s Paid Safe and Sick Leave Law.
New IRS Forms: 1099-NEC and 1099-MISC
The IRS has released a new form for 2020 ‒ Form 1099-NEC to be used to report payments for nonemployee compensation which were previously reported using Form 1099-MISC, Box 7, Nonemployee Compensation (NEC).
IRS Marijuana Industry Webpage – A Summary of the Tax Rules
When the first medical cannabis dispensaries began to proliferate in California in the mid-1990s, legalization proponents were excited by the prospect for further developments in this young promising industry.
Strategic Growth Amid Increasing Complexity – The New CFO Playbook
The role of the Chief Financial Officer (CFO) is changing. CFOs face a new mandate to drive strategic growth across increasingly complex organizations.
Data in Hospitality: Are You Keeping Up?
In today’s fast paced world, organizations in the hospitality industry face an ever-growing need to adapt quickly to technology.
Rhode Island is on Pause – New Grant Program to Help Sustain Businesses
By Jean Saylor, CPA, Partner last week, Governor Raimondo announced a pause for certain businesses to take effect November 30, 2020. […]
What New Jersey School Districts Need to Know About GASB 84
The implementation of Governmental Accounting Standards Board Statement 84, Fiduciary Activities (GASB 84), which requires compliance by June 30, 2021, will create challenges and significantly impact the accounting and reporting requirements of New Jersey school districts.
PKF Worldwide Tax Update – Fall 2020
The Fall edition of PKF Worldwide Tax Update is currently available to those organizations and individuals with business activity outside the United States.
Cyber Roundup – November 2020
The speed with which cybercrime continues to adapt to new technologies, preventative and resistance measures is matched by the creativity with which today’s criminals create new opportunities to wreak havoc.