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Recent tax acts, including the 2025 One Big Beautiful Bill Act (HR1), contain favorable developments for depreciating and expensing yearlings, breeding stock, farm equipment and other property that CPAs and their clients involved in the equine industry should be aware of.

Offering employee benefits is a crucial element and investment in hiring and retention. CFOs, finance directors and those involved in human resources (HR) capacities need to keep a close eye on the management and administration of benefits.

Whether it’s increasing awareness of accounting careers, initiating pulse checks on important issues or enlisting bipartisan support for causes that advance the accounting profession, it’s vital that we make our collective voices heard with New Jersey legislators.

The New Jersey Society of Certified Public Accountants (NJCPA) has launched its sixteenth annual food drive to benefit the Community FoodBank of New Jersey (CFBNJ).

As leaders, decision-makers and mentors, we are uniquely positioned to shape a future where people feel seen, supported and motivated to stay. Let’s meet this moment with open minds and thoughtful action, not only adapt to what is ahead, but to help define it.

Reconstructing records after a natural disaster can be a tedious but necessary task. Records help people prove their disaster-related losses. More accurately estimated losses, in turn, can help people receive more recovery assistance like loans or grants.

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.