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TAX REFORM: The Tax Cuts & Jobs Act

UPDATE: President Trump, on Friday, signed his first major legislative victory, a $1.5 trillion tax overhaul expected to trigger tax cuts for most Americans. Trump signed the bill before heading to his Mar-a-Lago resort in Palm Beach, Fla., for the winter holidays.

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BKC & BDO Alliance USA

BKC is an independent member of the BDO Alliance USA, a nationwide association of independently owned local and regional accounting, consulting and service firms with similar client service goals. This alliance allows us to better service our clients with greater flexibility, efficiency and cost-effectiveness.

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Forensic Accounting

At BKC, our expert professionals have years of forensic accounting experience, with specific certification & trainning to gather evidence, analyze and prepare reports which may be used at criminal or civil proceedings for damages, or as leverage in settlement negotiations. Contact us to discuss your specific situation.

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RECENT TAX TIDBIT

TAX CHANGES; DOUBLED RETIREMENT EXCLUSION & $3,000 VETERANS EXEMPTION

There are two major taxpayer-friendly changes for the 2017 New Jersey individual income tax return (Form NJ-1040). The pension and other retirement income exclusion for taxpayers age 62 or older or disabled has been doubled. The exclusion, which is still available only to taxpayers whose NJ gross income is less than $100,000, is now up Read More…

Recent Blog Post

1/1/18 NJ SALES & USE TAX DECREASE

Reminder: New Jersey Sales and Use Tax rate will decrease from 6.875% to 6.625% effective January 1, 2018.  If your business collects sales tax, or you are required to pay use tax, you will need to update your point of sale and accounting systems to reflect the new rate.  This reduction is the second phase Read More…