BKC is currently seeking donations to support Salem County’s Code Blue Coalition. A Code Blue alert is declared whenever temperatures drop below the freezing point and weather conditions pose a danger to the homeless population. The Code Blue Alert allows authorities such as police, fire and rescue workers to take homeless people to local shelters or other agencies, Read More…
Many tax rates are inflation adjusted each year. The IRS recently announced 2019 inflation adjusted amounts. Here are some of the key changes from 2018 to 2019: Cents per mile for business mileage- 54.5 cents to 58 cents Cents per mile for medical mileage- 18 cents to 20 cents Annual IRA contribution limit – $5,500 Read More…
BKC’s BikeMS Team, “Warner’s Wheelers”, had another very successful year with 18 cyclists, raising over $23,000 for the National MS Society in the name of their MS Champion, the late Michael Warner. There was a great turnout September 30th at the finish line with family, friends and BKC employees cheering on the riders as they Read More…
On May 28, 2014, the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) issued converged guidance on recognizing revenue in contracts with customers. The new guidance—FASB ASC 606 or IFRS 15, the IASB’s comparable standard—replaces substantially all existing U.S. Generally Accepted Accounting Principles (GAAP) on this topic. While the compliance deadline Read More…
Darlene Shaffer, CPA/ABV/CFF/PFS, CVA, Principal at BKC, CPAs, will be presenting “The Tax Cuts and Jobs Act Legislation Impact on Alimony” at the October 23rd New Jersey Collaborative Law Group’s breakfast meeting hosted by Norris, McLaughlin & Marcus, P.A. This presentation will: Cover significant changes to taxation of alimony effective January 1, 2019 under the Read More…
Thank you to everyone at BKC who contributed to the Tools4School fundraiser for the United Way. BKC donated over 50 backpacks and 100 pencil cases, among other items, to fill student kits. The program will provide more than 1,300 Hunterdon County children with the supplies they need to go back to school and learn. The Read More…
Effective October 1, 2018, New Jersey sales and use tax will be imposed on “transient accommodations”. Transient accommodations include a room, a group of rooms, or other living /sleeping space for the lodging of occupants, which can include residential buildings. The following situations do not constitute a transient accommodation: • Places of assembly • Health Read More…
BKC, CPA’s supports the United Way of Hunterdon and the Tools 4 School program. With your help, the program will provide more than 1,300 Hunterdon County children in need with the supplies they need to go back to school and learn. BKC is donating 50 Backpacks & 100 Pencil Cases to fill School Student kits. Read More…
New Jersey is now the second state in the country requiring individual health insurance for residents. On May 30, 2018, Gov. Phil Murphy signed into law a bill (A3380 – New Jersey Health Insurance Market Preservation Act) that will require all New Jersey residents to have health coverage or pay a penalty, making the state 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…
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