News

New Jersey Tax Amnesty Program Underway
 

New Jersey Tax Amnesty Program Underway

Posted: November 14, 2018
Individuals and businesses with outstanding New Jersey tax filings or payments may be eligible for a reduction in interest and penalties during the state's tax amnesty program.



FASB Improves Accounting for Collaborative Arrangements
 

FASB Improves Accounting for Collaborative Arrangements

Posted: November 6, 2018
The Financial Accounting Standards Board has issued an Accounting Standards Update that clarifies the interaction between the guidance for certain collaborative arrangements and the Revenue Recognition financial accounting and reporting standard.


FASB Provides Guidance on Revenue Recognition for Franchisors
 

FASB Provides Guidance on Revenue Recognition for Franchisors

Posted: November 5, 2018
The Financial Accounting Standards Board has released an educational staff paper that provides implementation examples to help private company franchisors preparing to implement the revenue recognition standard in 2019.

New Jersey Provides Sales Tax Guidance to Marketplace Sellers
 

New Jersey Provides Sales Tax Guidance to Marketplace Sellers

Posted: November 1, 2018
Effective Nov. 1, online marketplace sellers and facilitators are required to collect and remit sales tax for sales and services delivered into New Jersey. Here is some guidance from the New Jersey Division of Taxation.

401(k), IRA Contribution Limits to Increase
 

401(k), IRA Contribution Limits to Increase

Posted: November 1, 2018
The IRS has announced cost-of-living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2019.

FASB Improves Consolidation Accounting
 

FASB Improves Consolidation Accounting

Posted: October 31, 2018
The Financial Accounting Standards Board has issued an Accounting Standards Update that reduces the cost and complexity of financial reporting associated with consolidation of variable interest entities.