MSPC CPAs

Posts by mspccpas

MSPC Names Cathy Davis, CPA as Principal

MSPC Certified Public Accountants and Advisors is pleased to announce that Cathy Davis, CPA has been promoted and named a Principal of the Firm. Previously a Tax Manager at MSPC, Davis brings two decades of experience working with individuals, businesses, trusts and estates to her new role. She provides comprehensive advisory services for estate and…

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What South Dakota v. Wayfair Ruling Means for New Jersey Retailers

The June 21 Supreme Court ruling in the case of South Dakota v.Wayfair, Inc. should encourage all businesses, large and small, that sell their goods online, to re-evaluate their sales tax collection procedures and to learn more about how this ruling may affect their business. In Wayfair, the Supreme Court reversed its 1992 decision in…

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Marist High School Honors MSPC Managing Principal James J. Flannery, CPA

Accountant Receives 2018 St. Marcellin Champagnat Service Award On June 12, 2018 James J. Flannery, CPA was recognized for his contributions to Marist High School to its mission of creating a community of lifelong, faith-filled learners who are prepared to take their places as enlightened, educated members of a complex, diverse society. Flannery believes the…

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Tax Reform Update

On February 7, 2018, MSPC presented a webinar on the recently enacted Tax Cuts and Jobs Act of 2017 which represents the most significant change to the United States tax laws in over thirty years. This webinar includes an overview of some of the most important individual and business-related provisions of this tax reform, and how they…

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Cranford-Based MSPC Certified Public Accountants and Advisors, P.C. Acquires Ennis Hargadon LLC

Effective January 1, 2018, Cliffside Park accounting firm Ennis Hargadon has merged with MSPC Certified Public Accountants and Advisors, P.C. The addition of two principals brings MSPC’s partner count to 11 and the firm’s total head count to 67. Driving the merger was both organizations’ extensive knowledge and experience with Employee Benefit Plans and Labor…

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Regulatory News: Taxpayer Deductions

The United States Tax Court (the “Tax Court”) recently issued a significant opinion, that of RERI Holdings I, LLC v. Commissioner, 149 T.C. 1 (2017).  In that case, the taxpayer, on its partnership tax return for the 2003 taxable year, claimed a $33 million charitable contribution deduction stemming from its contribution of property to the…

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New lease accounting rules set to lift debt load by 24%

Companies with chartered-in fleets face changing rules when presenting their accounting statements.Although it will have little impact on actual cash flows, investors and creditors will have to adjust their performance measurements to account for the changes.A year ago, Although it will have little impact on actual cash flows, investors and creditors will have to adjust…

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