Tag Archives: NJ

NJ DOE ANNOUNCED ADDITIONAL SCHOOL DISTRICTS RECEIVING PRESCHOOL EXPANSION AID

The New Jersey Department of Education (NJDOE) announced funding for Preschool Expansion Aid (PEA) programs for the 2023-2024 school year. The program is aimed to offer high-quality preschool programs and create opportunities for young students. A total of 26 additional school districts are now also receiving funds for the PEA program, of which 7 are Read More…

NEW JERSEY ENACTS COMPREHENSIVE CBT OVERHAUL

On July 3, 2023, New Jersey Gov. Phil Murphy signed budget bill A.B. 5323, altering several aspects of the state’s corporation business tax (CBT) regime. Among many other changes, the bill imposes an economic nexus threshold for CBT purposes, switches the state’s combined reporting sales factor sourcing method from “Joyce” to “Finnigan,” treats global intangible Read More…

BKC RANKS IPA TOP 500 ACCOUNTING FIRMS IN U.S.

BKC, CPAs, PC has been ranked one of the Top 500 Public Accounting Firms in the Nation! INSIDE Public Accounting (IPA) is a leader in practice management resources for the public accounting profession. IPA has assisted firms across North America to grow and thrive since 1987.  The one-of-a-kind IPA 500, recognizes the top U.S. based Read More…

INFLATION REDUCTION ACT: COSTS & BENEFITS FOR REAL ESTATE & CONSTRUCTION

The Inflation Reduction Act’s (IRA’s) expansion of key energy efficiency tax incentives – such as the 179D energy efficient commercial buildings deduction and the 45L new energy efficient home credit – is anticipated to have a significant impact on real estate and construction industry. The legislation could provide a significant financial boost for firms looking to utilize environmentally conscious Read More…

WHAT SEMICONDUCTOR ORGANIZATIONS NEED TO KNOW ABOUT THE CHIPS FOR AMERICA ACT

And how you can prepare to capture the opportunities it presents. The CHIPS for America Act is poised to provide significant opportunities for semiconductor organizations. Additional guidance from the Departments of Commerce and Defense is needed around the application process for the program, but there are steps semiconductor organizations can take now to prepare. Below Read More…

TODAY’S PROFESSIONAL SERVICES INDUSTRY PRIORITIZES ITS PROFESSIONALS

Recent years have seen a surplus of headlines forecasting and preparing for a post-2020 work environment. In 2022, companies are still facing COVID-19 concerns, and the reality is that professional services firms face new and continued challenges that include navigating the tax implications of various work arrangements and attracting and retaining talent amid shifting labor Read More…