BKC EMPLOYEES CELEBRATE NATIONAL WAFFLE WEEK!
BKC celebrated National Waffle Week with freshly prepared assorted waffles with all the fixings. Some delicious fun courtesy of our “fun committee”!
BKC celebrated National Waffle Week with freshly prepared assorted waffles with all the fixings. Some delicious fun courtesy of our “fun committee”!
BKC celebrated the Dog Days of Summer again this year as employees brought in their 4 legged pals to the office during the month of August, and showcased their favorite pet photos! Read more Firm News here and learn about opportunities to join our dynamic team at our Careers Page. Read More…
On Friday, August 25, 2023, the IRS announced that the section of SECURE 2.0 with respect to Catch-Up Contributions, is being delayed until 2026. This provision stated that all employees who earned compensation greater than $145,000 in the prior year must have their 401(k) elective deferral catch-up contributions be designated as Roth. This was originally Read More…
We hope you enjoy some peaceful time to reflect on the innovation, strength & resilience of the American Workforce and business community this holiday weekend. Let all your accomplishments fill your heart with pride this Labor Day! Thank you to all our employees for their hard work! We wish you a relaxing and happy Labor Read More…
BKC supports the United Way of Hunterdon County and the Tools 4 School program. BKC employees volunteered their time, and BKC donated over 50 backpacks with school supplies. The Tools 4 School program provides more than 1,300 Hunterdon County children in need with the supplies they need to go back to school and learn. Learn Read More…
In a recent Tax Court case, the IRS attempted — unsuccessfully — to supplant the fair market value agreed to by unrelated parties in a partnership transaction with its expert’s higher estimate, asserting that the taxpayer received a taxable capital interest in exchange for services provided to a partnership, not a nontaxable profits interest. If Read More…
On July 3, 2023, New Jersey Gov. Phil Murphy signed budget bill A.B. 5323, altering several aspects of the state’s corporation business tax (CBT) regime. Among many other changes, the bill imposes an economic nexus threshold for CBT purposes, switches the state’s combined reporting sales factor sourcing method from “Joyce” to “Finnigan,” treats global intangible Read More…
Subrecipient risk assessments and monitoring are critical aspects of federal grants management. These practices ensure that funds are used in accordance with federal regulations, that grant objectives are met and that the risk of fraud, waste and abuse is minimized. The federal government has set forth guidelines in the Uniform Administrative Requirements, Cost Principles, and Read More…
On July 21, 2023, New Jersey enacted a “Convenience of Employer” rule that is retroactively effective as of January 1, 2023. The new law will apply to nonresidents who have compensation from a “New Jersey employer” unless such services are required by the employer to be performed outside of New Jersey. The new Convenience of Read More…
BKC, CPAs, PC has been ranked one of the Top 500 Public Accounting Firms in the Nation! INSIDE Public Accounting (IPA) is a leader in practice management resources for the public accounting profession. IPA has assisted firms across North America to grow and thrive since 1987. The one-of-a-kind IPA 500, recognizes the top U.S. based Read More…