The Families First Coronavirus Response Act (H.R. 6201), became law on March 18, 2020. The Act guarantees free testing for the novel coronavirus (COVID-19), establishes emergency paid sick leave, expands family and medical leave, enhances unemployment insurance, expands food security initiatives, and increases federal Medicaid funding. The Act includes up to 80 hours of emergency Read More…
Kids aren’t the only ones heading back to school this fall. Many adults are also taking courses to pursue a new career or improve their current job skills. Fortunately, adult students may qualify for several tax breaks. Here are four possible options: American Opportunity Tax Credit (AOTC). The AOTC is one of two credits for qualifying Read More…
The Qualified Opportunity Zone (QOZ) program was enacted as part of the 2017 federal Tax Cuts and Jobs Act (TCJA) and is designed to direct long-term capital investments into eligible property located in a Qualified Opportunity Zone. There are 8,762 designated QOZ’s located throughout the United States, of which 8,532 are in low-income community tracts Read More…
If you feel that business is harder today, you’re not alone. In addition to rising regulatory obligations and relentless technological change, the ability to attract and retain top talent has never been more difficult. To compete and thrive in this environment, businesses need to optimize their finance and accounting practices, and that means tackling challenges Read More…
BKC welcomes Lily Bradow as a member of the firm’s Audit & Assurance Group. Lily is a graduate of The College of New Jersey with a Bachelor of Science degree in Accounting. Lily has over 15 years of experience in public accounting, with specialization in accounting and auditing for companies in various industries, employee benefit 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…
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…
Governor Murphy’s proposed 18/19 budget message was released March 15, 2018. It calls for an increase in State “formula” aid for school districts by $283.6 million. Under this funding plan, more than 94% of districts will receive additional state aid and no districts would see a decrease in aid. A summary of the Governor’s funding Read More…
In the early morning hours of Saturday, December 2nd, the U.S. Senate passed its version of the Tax Cuts and Jobs Act by a vote of 51-49. It was passed with no Democratic support and one opposing Republican vote. While the bill still differs from the House bill on several key issues, amendments to the Read More…
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