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…
1/16/18 There are two major taxpayer-friendly changes for the 2017 New Jersey individual income tax return (Form NJ-1040). The pension and other retirement income exclusion for taxpayers age 62 or older or disabled has been doubled. The exclusion, which is still available only to taxpayers whose NJ gross income is less than $100,000, is now Read More…
The 2017 Tax Cut and Jobs Act was enacted on December 22, 2017. This Act was the most comprehensive Federal tax change since 1986, affecting individuals and all types of business entities, both large and small. With limited exceptions, the Act’s provisions start with the 2018 tax year. Some highlights of the Act include: Lowering Read More…
Jessica A. Dispensa, PAFM, Firm Administrator of BKC, CPAs, PC, spoke with host Kim Blanda, RN, on the inaugural Hunterdon Chamber Radio show of Hunterdon Living – Healthy Hunterdon on June 29, 2017. Jessica shared many of the benefits of BKC’s Workplace Wellness program. Reinforcing a culture of caring about our employees, BKC’s healthy initiatives Read More…
ASSA/DRTRS tips/reminders for School Boards: Schools must maintain an “OFFICIAL NEW JERSEY SCHOOL REGISTER”. The register should be used to submit the data for NJSmart and ASSA. The NJSmart register is not an official register. If the NJSmart register is provided as the student register for ASSA purposes, we may ask for another register. School Read More…
In October 2016, a new law was enacted to fund the New Jersey Transportation Trust Fund and to cut other New Jersey taxes. Here is a summary of the new tax bill. · On November 1, 2016, the gas tax increased by 23 cents per gallon, to a new rate of $0.375 per gallon. The Read More…
On September 2nd, New Jersey Governor Chris Christie signed an executive order, which would be effective on January 1, 2017, ending the Wage Reciprocity Agreement between New Jersey and Pennsylvania. At this time, the executive order is not law, but it is expected to be enacted as law. If enacted, the executive order means that Read More…
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