New Jersey Society of CPAs

Tax-exempt organizations should be cautious when engaging in activities that may not be substantially related to their exempt purpose because they could end up owing a significant amount in tax. Read more in this NJCPA Focus blog post by Amy L. Dalen of HBK CPAs & Consultants #NJCPAfocus #blog #nonprofit #tax #ubit #cpa

The pandemic was a wake-up call for the nonprofit sector, emphasizing the need for flexibility, diversification, technology, reserves and transparency. These elements are not merely responses to past challenges but foundational strategies. As trusted advisors, CPAs are essential partners in this journey. Read more in this NJCPA Focus blog post by Maria Inciardi, MS, CPA of Make-A-Wish New Jersey. #njcpafocus #nonprofit #accounting #cpa

Happy New Year from the members and staff at the New Jersey Society of CPAs. Here’s to new goals and fresh starts. We look forward to working with you in 2025!

Amid today’s changing landscape, CPAs and accounting professionals need to guide nonprofits on how to operate more efficiently. Visit our Nonprofit Knowledge Hub for these items and more: 🌟Accounting & Auditing Update for Not-for-Profit Entities by Alexander K. Buchholz, CPA, MBA, CGMA 🌟6 Steps for CPAs to Guide Nonprofit Clients by David Safeer 🌟When “Tax-Exempt” Becomes Taxable: Understanding the Unrelated Business Income Tax by Amy L. Dalen

As the accounting profession has undergone considerable transformation lately, many of us have altered our #leadership styles. I recently asked leaders to weigh in on the following questions, “What does leadership mean to you? Have you recently adapted your leadership style?” Their responses were both thoughtful and empowering. Thank you to Paula G. Ferreira, Maryann Holloway, CPA, RMA, PSA, June M. Toth, CPA, CFF, CITP, CGMA, Justin W. Rice, CFP®, CSLP®, Nicole DeRosa CPA, MAcc, Britney Glass, Marta Skik Harich, CPA and Sarah Krom, CPA, MST. Here's a sneak peak at our next leadership question: "What kind of leadership is needed to improve company culture?"

Accounting firms, particularly smaller ones, should familiarize themselves with the AICPA's new Ethics Interpretations to ensure compliance and avoid impairing independence when offering these non-assurance services to attest clients. These changes will take effect over the next few years. Read more in this New Jersey CPA magazine article by Jaclyn Veno, CPA of Galasso Learning Solutions. #njcpamag #ethics #aicpa #auditing #cpa

There are a lot of new job openings in the NJCPA JobBank: > Senior Staff Accountant in Springfield, NJ > Bookkeeper in Bridgewater, NJ > Adjunct Faculty - School of Business, Accounting in Galloway, NJ > Tax Season Tax Return Reviewer in Upper Saddle River, NJ/hybrid > Tax Preparer in Fairfield, NJ > Tax Accountant: Part Time, Per Diem or Full Time in Hazlet, NJ > Per Diem Tax Preparer in Bayonne, NJ > Tax & Accounting Manager in Wood Ridge, NJ > Part-Time, Seasonal Tax Preparer in Iselin, NJ > Per Diem Tax Preparer in Bayonne, NJ

Numerous tax changes impacting individuals, some business provisions and the estate tax threshold under the Tax Cuts and Jobs Act (TCJA) were enacted with a set expiration of Dec. 31, 2025, for budgetary reasons. That deadline is rapidly approaching. Get the details in this New Jersey CPA magazine article by Neil Becourtney of Smolin, Lupin & Co., LLC. #njcpacpa #tcja #tax #taxcuts #cpa

Meet John Zerillo, a 2024 NJCPA Scholarship winner, who is thrilled about the potential of AI to transform the accounting industry. His enthusiasm for innovation is inspiring! ✨ You can help support the next generation of accountants like John. Thanks to a generous NJCPA member, we’ll match your donation to the NJCPA Scholarship Fund, up to $10,000! Help us reach $10,000 by December 31! To contribute, visit the NJCPA Scholarship Fund donation page and select Member Match from the contribution type drop-down menu: https://lnkd.in/ecae7J7k contribute #SupportStudents #FutureAccountants #GiveBack #scholarships

Through generous donations from our members, we delivered nearly 2,500 pounds of food and supplies and nearly $29,000 to the Community FoodBank of New Jersey! 💙🎉 Together, we’re making a difference in the lives of those who need it most. Thank you to everyone who contributed to this incredible effort. https://lnkd.in/eTQWsH9U #GivingBack #CommunitySupport #NJCPA #makeadifference We're grateful to the following organizations that participated by accepting food donations at their offices and/or virtual monetary donations: Alloy Silverstein Bowman & Company LLP CFGI CLA (CliftonLarsonAllen) Deloitte Forvis Mazars US Gold Gerstein Group LLC HFA Meisel, Tuteur & Lewis P.C. Nisivoccia CPAs Paymedia Payroll and HCM Solutions PKF O'Connor Davies Prager Metis CPAs Smolin, Lupin & Co., LLC Traphagen CPAs & Wealth Advisors Wagner Shields & Moini LLP WilkinGuttenplan Withum