There are two key phrases when filing an annual NJ charitable registration form for Section 501(c)(3) non-profit organizations: “gross revenue” and gross contributions”. If a NJ charitable organization has over $500,000 of annual gross revenue, they must attach an audited financial statement prepared by a certified public accountant to the NJ Form CRI-300. You cannot Read More…
On May 18th, the U.S. Department of Labor (DOL) released new rules regarding the requirement for overtime pay for white collared salaried employees who do not primarily perform executive, administrative, or professional duties. The new rule takes effect on December 1, 2016. Prior to this new ruling, such employees who made more than $23,660 per Read More…
Thank you to everyone at BKC who contributed to the Tools4School fundraiser for the United Way, and to those who volunteered to stuff back packs. The program will provide more than 1,300 Hunterdon County children with the supplies they need to go back to school and learn. The United Way of Hunterdon County has helped Read More…
NJBIZ has named BKC as one of the Top 50 Accounting Firms in New Jersey. The list is ranked by the number of CPAs located in the state. NJBIZ is a New Jersey business journal, which produces a weekly print edition with a circulation of more than 15,000 copies, as well as providing 24/7 business Read More…
The IRS Tax Code provides numerous penalties that can be assessed against both individual and business filers. These tax filings can range from income tax, payroll tax, excise tax or informational returns. By being aware of the filing and depository requirements, you can reduce your risk of being assessed an IRS penalty. However, IRS penalty Read More…
Date: Wednesday, September 21, 2016 Time: 10:15 am – 12:30 pm (Directly following the HWASBO Meeting) Location: Mountain View Chalet, 154 State Route 173, Asbury, NJ 08802 RSVP: by September 14, 2016 by emailing info@bkc-cpa.com. Many Districts utilize QuickBooks software, but don’t fully understand all of the features available. At this informative session, we would Read More…
Per the new Drinking Water Regulation, schools will be required to test for lead in all drinking water outlets by July 13, 2017. Districts must make all test results available at the school facility and on the district’s website. Schools may seek reimbursement of testing costs through the Department of Education utilizing a form that Read More…
The NJ Department of Education (NJ DOE) is requiring that sick and vacation day payouts for the 15/16 fiscal year be posted to the new expenditure accounts as per this DOE notice, and the Summary of Line Item Changes. Please take a few moments to ensure that your payments are reclassified to the proper individual function Read More…
Cash strapped states are always looking for methods of changing the tax laws, which will create more sales tax revenue. As a result, states are trying to make more and more transactions subject to their sales tax. Businesses must become more aware of sales and use tax regulations, both within the state that their business Read More…
BKC supports the United Way of Hunterdon and the “Tools 4 School” program. To learn more and participate, see our program flyer here. With your help, the program will provide more than 1,300 Hunterdon County children with the supplies they need to go back to school and learn. Please provide donations to the BKC Drop Box available Read More…
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
