New Jersey’s state-sponsored retirement program, RetireReady NJ, is on the verge of expanding. Originally required for businesses with 25 or more employees, new legislation moving through the state government would lower that threshold to just one. If enacted, nearly every private-sector employer in New Jersey without a retirement plan would be responsible for registering with the state or certifying an exemption.
The Charitable Registration & Investigation (CRI) Section of the New Jersey Division of Consumer Affairs (DCA) is the state department that regulates the fundraising activities of many charitable nonprofit organizations and others doing business in the state of New Jersey, through enforcement of the provisions of the Charitable Registration & Investigation Act (CRI Act).
In May 2025, the IRS announced that interest rates will remain the same for the third quarter of 2025, which begins July 1, 2025.
In May 2025, the IRS announced that interest rates will remain the same for the third quarter of 2025, which begins July 1, 2025.
Earlier this month, the IRS provided new guidance on income tax issues through an update to the Employee Retention Credit (ERC) Frequently Asked Questions section. Included in the update was information on when to report income and timing considerations for the 2021 tax year. Specifically, it confirms that the amount of the ERC refund reduces the amount of wage expense on the income tax return for the year qualified wages were paid or incurred.
On March 25, 2025, President Trump signed an Executive Order that will change how the federal government handles payments, phasing out the use of paper-based payments such as checks and money orders and mandating the use of electronic payments where allowable by law.
The IRS has announced that the 1.1 million taxpayers who have unclaimed tax refunds for tax year 2021 have until April 15, 2025 to submit their returns.
In March 2025, the IRS announced that interest rates will remain the same for the second quarter of 2025, which begins April 1, 2025.
Each year, the IRS releases its “Dirty Dozen,” a list of tax scams that taxpayers should be wary of. The list highlights common scams that put people at risk of losing money, personal information, data, and more.
The Corporate Transparency Act (CTA) requirement that companies and business owners complete annual Beneficial Ownership Information (BOI) reporting has been hotly contested for several months. Since late last year, various lawsuits have been filed and injunctions implemented and rescinded within weeks. Most recently, in the case of Smith vs. the U.S. Department of Treasury, adjudicated in the Eastern District Court of Texas, the court ruled the previous injunction should be removed and a new reporting deadline established.
