Governor Murphy and the NJ Legislature have agreed to a $37.4 billion budget for FYE 2019, thereby averting a government shutdown. Tax highlights of the budget bill include: Individual income tax provisions Increase the limit on deductions for property tax from $10,000 to $15,000. Increase the earned income credit from 35% to 40% of the Read More…
In a 5-4 ruling the Supreme Court issued their decision opening the door for states and localities to collect sales tax on purchases made on the internet. This decision overturns the long-standing decision in Quill issued by the Supreme Court in 1992 requiring a physical presence test be met by sellers in the jurisdiction imposing Read More…
On April 24, 2018, New Jersey Governor Phil Murphy, who made “equal pay for equal work” a signature campaign promise, signed into law the Diane B. Allen Equal Pay Act ( the “Equal Pay Act”). The Equal Pay Act greatly expands the New Jersey Law Against Discrimination (NJLAD) by requiring equal pay for all employees Read More…
Edward P. Portice, CPA, Principal at BKC, CPAs, spoke to over 150 guests at the 12th Annual Working Together Conference on Thursday, June 7, 2018, sponsored by the New Jersey Society of Certified Public Accountants and the Rohrer College of Business at Rowan University. The Working Together program continues to promote the positive ongoing relationship Read More…
New Jersey is now the second state in the country requiring individual health insurance for residents. On May 30, 2018, Gov. Phil Murphy signed into law a bill (A3380 – New Jersey Health Insurance Market Preservation Act) that will require all New Jersey residents to have health coverage or pay a penalty, making the state Read More…
School Administrators should join us at our office on June 13, 2018 from 8:30 to 11, when Ed Portice, CPA, Certified QuickBooks Advisor will provide insights and planning opportunities to utilize many of the great features that are available to QuickBooks and typically needed in school administration. See our flyer here to learn more. Register today Read More…
New Jersey has now become the tenth state to enact a statewide mandatory paid-sick-leave law. The New Jersey Paid Sick Leave Act (A1827) was signed into law on May 2, 2018 by Gov. Phil Murphy and will go into effect on Oct. 29, 2018 . Once effective, it allows workers to accrue one hour of Read More…
Adventure of a lifetime, and a personal goal are just a couple reasons Stephen Warner, a Principal with Woodstown, NJ office of BKC, CPAs, is going to cycle across the United States. On Mother’s day, May 13th, 2018, starting in Los Angeles California, he will embark on his 3,415 mile journey. He and 22 other Read More…
Under the 2017 Tax Cuts and Jobs Act, “regular” corporations (also known as C-corporations) will see a dramatic change in their Federal tax rates. C-corporations with less than $50,000 of taxable income will see a tax increase from 15% to 21%. Federal tax rates for C-corporations with taxable income in excess of $50,000 will now Read More…
BKC’s “Bring Your Child to Work Day 2018” was a big success! The kids learned about taxes, banking and reporting, along with a bunch of fun stuff! Pictured left to right is Mike & Jackson Holk, Jessica & Isla Dispensa, Greg & Connor Price, and Ray & Sophia Kowalik.
39 State Route 12, Suite 2, Flemington, NJ 08822 (908) 782-7900 Fax: (908) 782-4328
34 East Avenue, Woodstown, NJ 08098 (856) 769-0707 Fax: (856) 769-4657 info@bkc-cpa.com
© BKC, CPAs, PC. All rights reserved. 2024
