MSPC CPAs

Posts by mspccpas

New Tax Law for NJ Homeowners Renting Through Airbnb

As part of the major tax law changes enacted in July 2018, a new state law requires that New Jersey’s 6.625% sales tax, 5% hotel occupancy fee, and 3% Meadowlands Regional Hotel Use Assessment (where applicable) be paid on “transient accommodations” (i.e., rooms or other living or sleeping spaces for the lodging of occupants, used…

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The New Jersey Tax Amnesty Program

The New Jersey tax amnesty program went into effect on November 15, 2018 and will last until January 15, 2019.  During that short period, taxpayers may pay certain outstanding New Jersey state tax obligations (including individual gross income tax, corporation business tax, and sales and use tax, among others; local property taxes and unemployment taxes are…

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MSPC Announces Executive Team Changes

MSPC Certified Public Accountants and Advisors is pleased to announce that Jon Gagliardi, CPA has been named Managing Principal of the Firm.   Gagliardi brings over thirty years of experience with the Firm to his new role. Gagliardi, who has a wide range of technical expertise, is known for having a leadership-style focused on accountability and…

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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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Financial Success for Franchises

As a CPA, I understand the growing interest in franchise opportunities, especially as the entrepreneurial spirit grows. I have seen many new franchisees succeed. However, I have seen others fail. Frequently, we can recognize the small missteps at the beginning of the process that makes all the difference between success and failure. Owning and operating…

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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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