News



Murphy Ramps up Crackdown on Employee Misclassification
 

Murphy Ramps up Crackdown on Employee Misclassification

Posted: July 9, 2019
Calling employee misclassification a crisis, Gov. Phil Murphy said today that New Jersey workers lost out on $46 billion in wages and benefits in 2018 because they were not properly paid and vowed to ramp up a crackdown on misclassification that is already underway.




New Jersey
 

New Jersey's Angel Investor Tax Credit Has Increased

Posted: July 1, 2019
Looking to encourage investment into women and minority owned businesses, a bill to increase the Angel Investor Tax credit percentage by a taxpayer into a New Jersey emerging technology business from 10 to 20 percent of the qualified investment has been signed into law by Governor Phil Murphy.

Gov. Murphy Signs $38.7B Budget
 

Gov. Murphy Signs $38.7B Budget

Posted: July 1, 2019
Gov. Murphy signed a $38.7B budget for New Jersey that did not include an expansion of the millionaire's tax. He also line-item vetoed nearly $50 million in legislative spending.

GASB Proposes Guidance on Deferred Compensation Plans
 

GASB Proposes Guidance on Deferred Compensation Plans

Posted: July 1, 2019
The exposure draft proposes that if a Section 457 plan meets the definition of a pension plan in GASB guidance, the appropriate GASB pension standards should be applied to the financial reporting for that plan and for the benefits provided through that plan.