All posts by Jessica Dispensa

TREASURY BEGINS MAILING APPLICATIONS FOR 2023 SENIOR FREEZE ON PROPERTY TAX REIMBURSEMENT PROGRAM

On Monday, February 12, 2024, the Department of the Treasury’s Division of Taxation began mailing applications for the 2023 Senior Freeze Property Tax Reimbursement program, which has been significantly expanded for the 2023 filing season to increase the income eligibility limit substantially and simplify residency requirement for new applicants.  The deadline to file 2023 applications Read More…

CORPORATE TRANSPARENCY ACT IMPOSES NEW BENEFICIAL OWNERSHIP INFORMATION REPORTING OBLIGATIONS

Effective January 1, 2024, U.S. and foreign entities doing business in the U.S., may be required to disclose information regarding their beneficial owners to the U.S. Department of Treasury’s Financial Crimes Enforcement Network (FinCEN). This requirement is being implemented under the beneficial ownership information (BOI) reporting provisions of the Corporate Transparency Act (CTA) passed by Read More…

2023 YEAR-END GUIDE – CORPORATE AND M&A

Corporations face a variety of unique tax rules and challenges – from the new alternative minimum tax and excise tax on stock repurchases to special limitations on deductions and losses, as well as complex tax rules when buying or selling a business. To minimize taxes payable, corporations should strive to identify and plan for tax Read More…

NJ DOE ANNOUNCED ADDITIONAL SCHOOL DISTRICTS RECEIVING PRESCHOOL EXPANSION AID

The New Jersey Department of Education (NJDOE) announced funding for Preschool Expansion Aid (PEA) programs for the 2023-2024 school year. The program is aimed to offer high-quality preschool programs and create opportunities for young students. A total of 26 additional school districts are now also receiving funds for the PEA program, of which 7 are Read More…

NJDOE & SDA APPROVE $450 MILLION IN SCHOOL CONSTRUCTION FUNDS

New Jersey Department of Education (NJDOE) and the New Jersey Schools Development Authority (SDA) announced the approval of nearly $450 million in school construction funds to address critical facilities needs in 261 school districts throughout the state. The NJDOE provides additional funding for school districts for the 23-24 school year. The funding will provide relief Read More…