On June 22, Governor Phil Murphy, Senate President Nicholas Scutari and Assembly Speaker Craig Coughlin announced that they have reached an agreement on a back-to-school sales tax holiday. The plan is part of the Year 2023 Budget. The sales tax holiday which will take place from Aug. 27 to Sept. 5, 2022 and will treat Read More…
Implementation Of GASB 87, Leases By: Sam Thompson, CPA In 2017, the Governmental Accounting Standards Board (GASB) issued GASB Statement (GASBS) No. 87, Leases (GASBS 87). GASBS 87 represents a significant change in accounting and financial reporting for leases by governments. After an 18-month postponement provided by GASB Statement No. 95, Postponement of the Effective Read More…
Happy World Cultural Diversity Day! Thank you to all our staff who participated in our potluck lunch today.
Congratulations to Laura Atwell, CPA, RMA, PSA, Manager in our Governmental Entity Group, for becoming a Registered Municipal Accountant! We are proud to have her on our BKC Team! This certification is issued from the New Jersey State Board of Accountancy and requires extensive knowledge of governmental accounting & auditing practices, rules, regulations, and passing Read More…
BKC, CPAs, PC, a full-service accounting firm with offices in Flemington & Woodstown, New Jersey welcomes Shawn Fuller as a member of the firm’s Accounting Team. Shawn is a graduate of Centenary University with a Bachelor of Science in Business Administration and Management and is pursuing her Masters of Accounting at Rider University. Shawn has Read More…
The disruptions caused by the COVID-19 pandemic have driven significant losses for many businesses, causing some to permanently close. Owners of these and other distressed businesses should consider whether they are eligible for a deduction attributable to an investment in worthless stock. Generally, if the stock is a capital asset and becomes wholly worthless during Read More…
The Infrastructure Investment and Jobs Act (P.L. 117-58), enacted on November 15, 2021, retroactively terminated the Employee Retention Credit (ERC) for the fourth quarter of 2021. This early termination does not apply if the employer is a recovery startup business, the credit continues to apply to wages paid before January 1, 2022. A “recovery start-up Read More…
BKC, CPAs, PC is pleased to announce the merger of Louis J. Zampetti, CPA, LLC. The combined firm will continue as BKC, CPAs, PC with offices in Flemington and Woodstown, NJ. Louis J. Zampetti, CPA, LLC, an established Somerville, NJ practice, focused on providing tax and advisory services to individuals and small businesses. Lou Is a Read More…
On October 20, 2021, the Economic Development Authority (NJEDA) will open applications for the new Small Business Improvement Grant Lease Program. This is the first of several programs that the NJEDA will be rolling out, as part of the Main Street Recovery Program. $10 million dollars has been allocated to the Business Lease Program, with Read More…
On October 20, 2021, the Economic Development Authority (NJEDA) will open applications for the new Small Business Improvement Grant Lease Program. This is the first of several programs that the NJEDA will be rolling out, as part of the Main Street Recovery Program. $15 million dollars has been allocated to the Business Lease Program, with 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
