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In replacing personal documents, such as driver's license, social security card, credit and ATM cards, insurance cards, marriage certificates and car titles, a careful review of the steps involved is needed.

When confronted with damages and losses, it’s important to follow some “dos and don’ts” if you hope to take full advantage of your insurance coverage.

Fly-by-night contractors and scam artists follow in the wake of disasters to prey on vulnerable victims. If you feel you are a victim of fraud, contact reportfraud.ftc.gov.

New Jersey is considered a "gross income tax" state, meaning individuals are taxed on gross income with no itemized deductions allowed. Although losses cannot be deducted on New Jersey tax returns, they may be deductible for federal tax purposes.

Before amending a tax return, take the time to determine whether it is financially wiser to deduct the losses from your previous year’s or current year’s tax return. Also, keep in mind that casualty losses are not deductible on New Jersey income tax returns.

Today's accounting jobs require new hires to have specific skill sets to help them achieve success and thrive at the start of their journeys. Everything from professionalism and attention spans to tech skills can make a difference.

The New Jersey Society of Certified Public Accountants (NJCPA) congratulates Kevin T. Bordner, CPA, director of corporate accounting at Corcentric in Cherry Hill, and Caitlin M. Smith, CPA, partner at SKC and Co. CPAs LLC in Booton Township, on being selected to the American Institute of Certified Public Accountants’ (AICPA) 2025 Leadership Academy.

This summer’s developments signal that crypto finance is moving from fringe novelty to institutional mainstream. For CPAs, this isn’t a wave to ride — it’s a new bedrock. Those who act now can define the framework clients will rely on for years to come.

New Jersey CPA asked New Jersey’s Democratic gubernatorial candidate Rep. Mikie Sherrill and Republican nominee Jack Ciattarelli to provide comments on their top priorities for the state; what can be done to attract and retain businesses; taxes; pensions; and how to improve the state’s economic well-being. Here's what they said.

Per the OBBBA, the new exemption will be a permanent change, which will remove the uncertainty that existed with the potential sunsetting of the TCJA exemptions and create a higher baseline for tax-free wealth transfers going forward. However, planning for the exemptions to be permanent forever may be shortsighted.

As the profession continues to evolve, the case for majoring in accounting remains solid. For students who want a career that combines analytical thinking, business insight, adaptability and upward mobility, accounting offers a compelling and enduring path.

This year is turning into a landmark year for crypto, and CPAs who act now will define the future of audit and assurance in digital finance. Staying ahead means not only understanding the latest rules, but also clearly guiding clients through them.

Whether CPAs aspire to become CFOs, lead a grants compliance team or serve as a board treasurer for a favorite cause, accounting paves the way. If young CPAs are looking for a way to combine their professional training with purpose, know this: their skills already hold the key.

Beginning in tax year 2025, a new federal tax policy will allow millions of hourly workers to deduct a portion of their overtime pay and cash tips from their taxable income — potentially reducing their annual tax bills by thousands of dollars.

In part 1 of my 2-part article I addressed the key strategies for having a smooth peer review. I now discuss things you can do once the peer review has begun to have it proceed without a hitch.

When accounting firms merge or acquire other firms, or simply entertain the prospect of merging, employees can experience feelings of anticipation, anxiety and fear of the unknown. Managers and firm leadership must balance that with growing the firm.