Brad Muniz

This episode covers FASB updates, including ASU 2022-03 on fair value measurement and the 2021 Agenda Consultation Report. It also covers several AICPA updates, including new NOCLAR requirements and accounting and auditing for digital assets.   *** This episode qualifies for nano CPE credit. Find out more at https://njcpa.org/nano. ***   Resources: FASB ASU 2022-03 – Fair Value Measurement of Equity Securities Subject to Contractual Sale RestrictionsFASB 2021 Agenda Consultation ReportAICPA guide to Accounting and Auditing for Digital AssetsSAS 147 – Inquiries of the Predecessor Auditor Regarding Fraud and Noncompliance with Laws and RegulationsPEEC and ASB issue new requirements for CPAs regarding NOCLAR

This episode covers FASB updates, including ASU 2022-03 on fair value measurement and the 2021 Agenda Consultation Report. It also covers several AICPA updates, including new NOCLAR requirements and accounting and auditing for digital assets. *** This episode qualifies for nano CPE credit. Find out more at <a href="https://njcpa.org/nano" rel="nofollow" target="_blank">https://njcpa.org/nano</a>. *** Resources: <ul><li><a href="https://www.fasb.org/page/getarticle?uid=fasb_Media_Advisory_06-30-22-asu-2022-03" rel="nofollow" target="_blank">FASB ASU 2022-03 – Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions</a></li><li><a href="https://www.fasb.org/page/getarticle?uid=fasb_News_Release_06-29-22" rel="nofollow" target="_blank">FASB 2021 Agenda Consultation Report</a></li><li><a href="https://us.aicpa.org/content/dam/aicpa/interestareas/informationtechnology/downloadabledocuments/2104-39790-da-pda-update-web.pdf" rel="nofollow" target="_blank">AICPA guide to Accounting and Auditing for Digital Assets</a></li><li><a href="https://www.aicpa.org/resources/download/aicpa-statement-on-auditing-standards-no-147" rel="nofollow" target="_blank">SAS 147 – Inquiries of the Predecessor Auditor Regarding Fraud and Noncompliance with Laws and Regulations</a></li><li><a href="%E2%80%A2%09https%3A/www.journalofaccountancy.com/news/2022/jun/peec-asb-issue-new-requirements-cpas-regarding-noclar.html" rel="nofollow" target="_blank">PEEC and ASB issue new requirements for CPAs regarding NOCLAR</a></li></ul>

134: A&A Update with Brad Muniz - 7/12/22

Five thought leaders who were featured speakers at the NJCPA Convention &amp; Expo talk about how the accounting profession can transform, innovate and grow. Find out what Donny Shimamoto, CPA; Gene Marks, CPA; Jim Bourke, CPA; Scott Clemons, CFA; and Kecia Williams Smith, CPA, say CPAs can do to prepare themselves and their companies for the mega changes coming in the next few months and years. 

Five thought leaders who were featured speakers at the NJCPA Convention &amp; Expo talk about how the accounting profession can transform, innovate and grow. Find out what Donny Shimamoto, CPA; Gene Marks, CPA; Jim Bourke, CPA; Scott Clemons, CFA; and Kecia Williams Smith, CPA, say CPAs can do to prepare themselves and their companies for the mega changes coming in the next few months and years.

133: Preparing for the Future: Transform, Innovate, Grow

One of the most impactful, yet most underutilized, tools to drive a business forward is data analytics. While at the NJCPA Convention &amp; Expo in June, host Sean Stein Smith, CPA, sat down with Melissa Dardani, CPA, to discuss the positive impact that data analytics, automation and other tech trends can have on the accounting profession and businesses.  Resources:Data Analytics Knowledge HubAI and RPA Knowledge HubJoin the Emerging Technologies Interest Group

One of the most impactful, yet most underutilized, tools to drive a business forward is data analytics. While at the NJCPA Convention &amp; Expo in June, host Sean Stein Smith, CPA, sat down with Melissa Dardani, CPA, to discuss the positive impact that data analytics, automation and other tech trends can have on the accounting profession and businesses.  Resources:<ul><li><a href="https://www.njcpa.org/stayinformed/hubs/topics/data-analytics" rel="nofollow" target="_blank">Data Analytics Knowledge Hub</a></li><li><a href="https://www.njcpa.org/stayinformed/hubs/topics/data" rel="nofollow" target="_blank">AI and RPA Knowledge Hub</a></li><li><a href="https://njcpa.org/groups" rel="nofollow" target="_blank">Join the Emerging Technologies Interest Group</a></li></ul>

132: Driving Business Forward with Data Analytics and Automation

In this special episode filmed at the NJCPA Convention &amp; Expo, Brad Muniz and Frank Boutillette provide updates on ESG issues under consideration by FASB and SEC; the AICPA’s proposal to update compliance audit definitions; recent trends and proposed disclosure rules for SPACs; and more.   *** This episode qualifies for nano CPE credit. Find out more at https://njcpa.org/nano. ***   Resources: Proposed revisions to the AICPA Code of Professional Conduct: Compliance auditsSEC Proposes to Enhance ESG DisclosuresSEC Proposes Rules to Enhance Disclosure and Investor Protection Relating to SPACs, Shell Companies and ProjectionsJoin the NJCPA Accounting &amp; Auditing Standards Interest Group, Governmental Accounting &amp; Auditing Interest Group or Nonprofit Interest GroupVisit the Accounting &amp; Auditing Knowledge Hub

In this special episode filmed at the NJCPA Convention &amp; Expo, Brad Muniz and Frank Boutillette provide updates on ESG issues under consideration by FASB and SEC; the AICPA’s proposal to update compliance audit definitions; recent trends and proposed disclosure rules for SPACs; and more. *** This episode qualifies for nano CPE credit. Find out more at <a href="https://njcpa.org/nano" rel="nofollow" target="_blank">https://njcpa.org/nano</a>. *** Resources: <ul><li><a href="https://us.aicpa.org/content/dam/aicpa/interestareas/professionalethics/community/exposuredrafts/downloadabledocuments/2022/2022complianceauditsexposure.pdf" rel="nofollow" target="_blank">Proposed revisions to the AICPA Code of Professional Conduct: Compliance audits</a></li><li><a href="https://www.njcpa.org/stayinformed/hubs/topics/full-article/2022/05/25/sec-proposes-to-enhance-esg-disclosures" rel="nofollow" target="_blank">SEC Proposes to Enhance ESG Disclosures</a></li><li><a href="https://www.njcpa.org/stayinformed/hubs/topics/full-article/2022/03/30/sec-proposes-rules-to-enhance-disclosure-and-investor-protection-relating-to-spacs-shell-companies-and-projections" rel="nofollow" target="_blank">SEC Proposes Rules to Enhance Disclosure and Investor Protection Relating to SPACs, Shell Companies and Projections</a></li><li><a href="https://njcpa.org/groups" rel="nofollow" target="_blank">Join the NJCPA Accounting &amp; Auditing Standards Interest Group, Governmental Accounting &amp; Auditing Interest Group or Nonprofit Interest Group</a></li><li><a href="https://www.njcpa.org/stayinformed/hubs/topics/auditing" rel="nofollow" target="_blank">Visit the Accounting &amp; Auditing Knowledge Hub</a></li></ul>

131: A&A Update with Brad Muniz – 6/28/22

New Jersey has a long history in the film and television industries, but it’s now seeing explosive growth. In just four years, spending by TV and film productions in New Jersey has grown from $50 million annually to $440 million. One of the things contributing to this growth is the state’s film and digital media tax credit. We talk to Dave Smith, vice chair of the New Jersey Motion Picture &amp; Television Commission, about the tax credit and other efforts to make the state an appealing place for producers.  Resources:New Jersey Motion Picture &amp; Television CommissionNew Jersey Film and Digital Media Tax Credit

New Jersey has a long history in the film and television industries, but it’s now seeing explosive growth. In just four years, spending by TV and film productions in New Jersey has grown from $50 million annually to $440 million. One of the things contributing to this growth is the state’s film and digital media tax credit. We talk to Dave Smith, vice chair of the New Jersey Motion Picture &amp; Television Commission, about the tax credit and other efforts to make the state an appealing place for producers. Resources:<ul><li><a href="https://film.nj.gov" rel="nofollow" target="_blank">New Jersey Motion Picture &amp; Television Commission</a></li><li><a href="https://www.nj.gov/state/njfilm/incentives-credit.shtml" rel="nofollow" target="_blank">New Jersey Film and Digital Media Tax Credit</a></li></ul>

130: An Inside Look at New Jersey’s Growing TV and Film Industry

The AICPA Auditing Standards Board recently approved new quality management standards. And various standards-setting bodies continue to issue regulations and guidance around environmental, social and governance (ESG) reporting. Find out what all of this means for your firm or company.   *** This episode qualifies for nano CPE credit. Find out more at https://njcpa.org/nano. ***   Resources: New quality management standards approved by AICPA Auditing Standards BoardNJCPA Accounting &amp; Auditing Knowledge HubNJCPA ESG Knowledge Hub

The AICPA Auditing Standards Board recently approved new quality management standards. And various standards-setting bodies continue to issue regulations and guidance around environmental, social and governance (ESG) reporting. Find out what all of this means for your firm or company. *** This episode qualifies for nano CPE credit. Find out more at <a href="https://njcpa.org/nano" rel="nofollow" target="_blank">https://njcpa.org/nano</a>. *** Resources: <ul><li><a href="https://www.journalofaccountancy.com/news/2022/may/new-quality-management-standards-approved-aicpa-auditing-standards-board.htm" rel="nofollow" target="_blank">New quality management standards approved by AICPA Auditing Standards Board</a></li><li><a href="https://njcpa.org/hub/accounting" rel="nofollow" target="_blank">NJCPA Accounting &amp; Auditing Knowledge Hub</a></li><li><a href="https://njcpa.org/hub/esg" rel="nofollow" target="_blank">NJCPA ESG Knowledge Hub</a></li></ul>

129: A&A Update with Brad Muniz

Jeremy Nau, CPA, joins host Dr. Sean Stein Smith, CPA, to discuss technologies that are impacting the accounting profession — and what current and future CPAs need to do to prepare for the future. They also discuss how firms can attract and retain professionals.  Resources:Connect with Jeremy Nau: LinkedIn | TwitterThe Way Forward Knowledge HubBlockchain and Cryptocurrency Knowledge Hub

Jeremy Nau, CPA, joins host Dr. Sean Stein Smith, CPA, to discuss technologies that are impacting the accounting profession — and what current and future CPAs need to do to prepare for the future. They also discuss how firms can attract and retain professionals. Resources:<ul><li>Connect with Jeremy Nau: <a href="https://www.linkedin.com/in/jeremynau-cpa-cma/" rel="nofollow" target="_blank">LinkedIn</a> | <a href="https://twitter.com/JeremyNauCPA" rel="nofollow" target="_blank">Twitter</a></li><li><a href="https://njcpa.org/hub/thewayforward" rel="nofollow" target="_blank">The Way Forward Knowledge Hub</a></li><li><a href="https://njcpa.org/hub/crypto" rel="nofollow" target="_blank">Blockchain and Cryptocurrency Knowledge Hub</a></li></ul>

128: The Way Forward for the Accounting Profession

In survey after survey, employers state that soft skills are either as important or more important than hard skills. But the term “soft skills” has gotten a bad rap over the years. A better term, according to Thomas Metelski - a CPA and the founder of Jump Coaching &amp; Consulting - is enhanced people skills (EPS). Thomas shares how CPAs can use the five “As” to improve their EPS. Resources:Article: Let’s Get Rid of the Term ‘Soft Skills’ by Thomas MetelskiLearn more about Jump Coaching &amp; Consulting Career Development Knowledge Hub

In survey after survey, employers state that soft skills are either as important or more important than hard skills. But the term “soft skills” has gotten a bad rap over the years. A better term, according to Thomas Metelski - a CPA and the founder of Jump Coaching &amp; Consulting - is enhanced people skills (EPS). Thomas shares how CPAs can use the five “As” to improve their EPS. Resources:<ul><li><a href="https://www.njcpa.org/build-career/career/article/2022/02/28/lets-get-rid-of-the-term-soft-skills" rel="nofollow" target="_blank">Article: Let’s Get Rid of the Term ‘Soft Skills’ by Thomas Metelski</a></li><li><a href="https://jumpcc.com" rel="nofollow" target="_blank">Learn more about Jump Coaching &amp; Consulting</a> </li><li><a href="https://njcpa.org/career" rel="nofollow" target="_blank">Career Development Knowledge Hub</a></li></ul>

127: Developing Your EPS

This episode covers recent FASB activity on accounting for crypto assets, AICPA guidance for auditors, findings from a recent audit quality survey and report, and more.   *** This episode qualifies for nano CPE credit. Find out more at https://njcpa.org/nano. ***   Resources: FASB to Consider Setting Rules on Companies’ Crypto Accounting, DisclosureAICPA Technical Questions and Answers (TQAs) 9165.01-.03NJCPA Accounting &amp; Auditing Knowledge Hub

This episode covers recent FASB activity on accounting for crypto assets, AICPA guidance for auditors, findings from a recent audit quality survey and report, and more. *** This episode qualifies for nano CPE credit. Find out more at <a href="https://njcpa.org/nano" rel="nofollow" target="_blank">https://njcpa.org/nano</a>. *** Resources: <ul><li><a href="https://www.wsj.com/articles/fasb-to-consider-setting-rules-on-companies-crypto-accounting-disclosure-11652297711" rel="nofollow" target="_blank">FASB to Consider Setting Rules on Companies’ Crypto Accounting, Disclosure</a></li><li><a href="https://www.aicpa.org/resources/download/aicpa-technical-questions-and-answers-tqas-9165-01-03" rel="nofollow" target="_blank">AICPA Technical Questions and Answers (TQAs) 9165.01-.03</a></li><li><a href="https://njcpa.org/hub/accounting" rel="nofollow" target="_blank">NJCPA Accounting &amp; Auditing Knowledge Hub</a></li></ul>

126: A&A Update with Brad Muniz – 5/31/22

Mike Bryan

Mike Bryan Returns

Michael Bryan, CPA, is a familiar name to many New Jersey CPAs because of his position as the director of the New Jersey Division of Taxation from 2010 to 2015. Mike is now back at the Division heading up the audit division. Find out about the Division’s tax audit priorities, red flags that typically trigger an audit, the prevalence of tax fraud in New Jersey and the Division’s plans to modernize their IT systems.  Additional resources:New Jersey Division of Taxation websiteNew Jersey Division of Taxation on TwitterState Tax Knowledge Hub 

Michael Bryan, CPA, is a familiar name to many New Jersey CPAs because of his position as the director of the New Jersey Division of Taxation from 2010 to 2015. Mike is now back at the Division heading up the audit division. Find out about the Division’s tax audit priorities, red flags that typically trigger an audit, the prevalence of tax fraud in New Jersey and the Division’s plans to modernize their IT systems. Additional resources:<ul><li><a href="https://njtaxation.org" rel="nofollow" target="_blank">New Jersey Division of Taxation website</a></li><li><a href="https://twitter.com/nj_taxation" rel="nofollow" target="_blank">New Jersey Division of Taxation on Twitter</a></li><li><a href="https://njcpa.org/hub/statetax" rel="nofollow" target="_blank">State Tax Knowledge Hub</a> </li></ul>

125: Mike Bryan Returns to the Division of Taxation

This timely podcast from the New Jersey Society of CPAs covers the latest issues impacting CPAs and accounting professionals in New Jersey. Topics range from legislative initiatives to accounting and auditing updates to economic issues and more.

Great podcast

NJCPA IssuesWatch Podcast

Path to Progress report (njpathtoprogress.org) | Entire Q&amp;A session with Senator Sweeney (njcpa.org/issueswatch)

Path to Progress report (<a href="http://njpathtoprogress.org/" rel="nofollow" target="_blank">njpathtoprogress.org</a>) | Entire Q&amp;A session with Senator Sweeney (<a href="http://njcpa.org/issueswatch" rel="nofollow" target="_blank">njcpa.org/issueswatch</a>)

4: Senate President Sweeney on NJ's Pension and Health Benefits Crisis

A conversation with Congressman Josh Gottheimer, a Democrat who represents New Jersey’s 5th Congressional district, about his efforts to repeal the state and local tax (SALT) deduction cap. The Tax Cuts and Jobs Act implemented a $10,000 cap on SALT deductions, and that has hit New Jersey particularly hard.See also the results of a recent poll of NJCPA members about tax season, including the impact of the SALT deduction cap.

A conversation with Congressman Josh Gottheimer, a Democrat who represents New Jersey’s 5th Congressional district, about his efforts to repeal the state and local tax (SALT) deduction cap. The Tax Cuts and Jobs Act implemented a $10,000 cap on SALT deductions, and that has hit New Jersey particularly hard. See also the <a href="https://www.njcpa.org/about/article/2019/05/02/many-paid-more-in-federal-taxes-this-tax-season-says-njcpa-survey" rel="nofollow" target="_blank">results of a recent poll</a> of NJCPA members about tax season, including the impact of the SALT deduction cap.

15: Congressman Gottheimer on the Impact of the SALT Deduction Cap in New Jersey

On March 5, Governor Phil Murphy presented his proposed budget for New Jersey’s 2019/20 fiscal year. This episode provides a brief overview of the budget proposal, including the expansion of the millionaire’s tax, what’s being done to address public workers pensions and health benefits, and changes to the tax incentive programs.  For      an in-depth analysis of the budget and it’s political prospects, tune in      to our panel discussion on March      21, March      27 or April      1. To      get more details about the proposed budget, and the NJCPA’s response to      it, click      here. For      more about the pension and health benefits crisis, listen      to episode 2. For      more about the state’s tax incentive programs, listen      to episode 8.

On March 5, Governor Phil Murphy presented his proposed budget for New Jersey’s 2019/20 fiscal year. This episode provides a brief overview of the budget proposal, including the expansion of the millionaire’s tax, what’s being done to address public workers pensions and health benefits, and changes to the tax incentive programs. <ul> <li>For an in-depth analysis of the budget and it’s political prospects, tune in to our panel discussion on <a href="https://www.njcpa.org/cpe/products/search/event-details?code=E1903094" rel="nofollow" target="_blank">March 21</a>, <a href="https://www.njcpa.org/cpe/products/search/event-details?code=E1903114" rel="nofollow" target="_blank">March 27</a> or <a href="https://www.njcpa.org/cpe/products/search/event-details?code=E1904204" rel="nofollow" target="_blank">April 1</a>.</li> <li>To get more details about the proposed budget, and the NJCPA’s response to it, <a href="https://www.njcpa.org/stay-informed/advocacy/legislative-news/new-jersey-budget" rel="nofollow" target="_blank">click here</a>.</li> <li>For more about the pension and health benefits crisis, <a href="https://www.blubrry.com/njcpaissueswatch/38770201/episode-2-new-jerseys-pension-and-benefits-crisis/" rel="nofollow" target="_blank">listen to episode 2</a>.</li> <li>For more about the state’s tax incentive programs, <a href="https://www.blubrry.com/njcpaissueswatch/41341087/episode-8-a-discussion-with-tom-bracken-about-new-jerseys-tax-incentive-programs/" rel="nofollow" target="_blank">listen to episode 8</a>.</li></ul>

11: Governor Murphy’s Proposed Budget — The Good, the Bad and the Ugly

Alan Sobel

In this episode, we sit down with Alan Sobel, CPA, of Sobel &amp; Co. in Livingston about an idea he had to save New Jersey pass-through entity owners significant money in light of the Tax Cuts and Jobs Act. Legislation based on that idea is currently pending in the New Jersey Legislature and is expected to pass.

In this episode, we sit down with Alan Sobel, CPA, of Sobel &amp; Co. in Livingston about an idea he had to save New Jersey pass-through entity owners significant money in light of the Tax Cuts and Jobs Act. <a href="https://legiscan.com/NJ/bill/S3246/2018" rel="nofollow" target="_blank">Legislation</a> based on that idea is currently pending in the New Jersey Legislature and is expected to pass.

7: A Discussion with Alan Sobel About Pass-Through Entity Legislation

Senator Sweeney discusses prospects for legalizing adult-use cannabis. Legislation passed by joint Senate/Assembly committee on Nov. 26 (njcpa.org/topics/cannabis) | Should an increased minimum wage include carve-outs for teenagers and seasonal workers? Sweeney says yes, Gov. Murphy says no. | Sweeney discusses Path to Progress report (njpathtoprogress.org) recommendations to consolidate school districts | Update on NJ tax amnesty program (njcpa.org/taxamnesty)

Senator Sweeney discusses prospects for legalizing adult-use cannabis. Legislation passed by joint Senate/Assembly committee on Nov. 26 (<a href="njcpa.org/topics/cannabis" rel="nofollow" target="_blank">njcpa.org/topics/cannabis</a>) | Should an increased minimum wage include carve-outs for teenagers and seasonal workers? Sweeney says yes, Gov. Murphy says no. | Sweeney discusses Path to Progress report (<a href="njpathtoprogress.org" rel="nofollow" target="_blank">njpathtoprogress.org</a>) recommendations to consolidate school districts | Update on NJ tax amnesty program (<a href="njcpa.org/taxamnesty" rel="nofollow" target="_blank">njcpa.org/taxamnesty</a>)

5: Senate President Sweeney on cannabis, minimum wage and school district consolidation

In this episode, we talk with NJ Spotlight reporter John Reitmeyer about the controversial issue of creating a state-owned bank in New Jersey. Governor Murphy recently issued an executive order establishing a State Bank Implementation Board tasked with creating an outline of what types of loans such a bank would issue and how it would operate. Listen to learn more about the details as well as what those who support the idea and those who oppose it are saying.  Gov. Murphy’s executive order Follow John Reitmeyer: NJ Spotlight  | Twitter

In this episode, we talk with NJ Spotlight reporter John Reitmeyer about the controversial issue of creating a state-owned bank in New Jersey. Governor Murphy recently issued an executive order establishing a State Bank Implementation Board tasked with creating an outline of what types of loans such a bank would issue and how it would operate. Listen to learn more about the details as well as what those who support the idea and those who oppose it are saying. <ul> <li><a href="https://www.state.nj.us/governor/news/news/562019/approved/20191113a.shtml" rel="nofollow" target="_blank">Gov. Murphy’s executive order</a></li> <li>Follow John Reitmeyer: <a href="https://www.njspotlight.com/" rel="nofollow" target="_blank">NJ Spotlight </a> | <a href="https://twitter.com/johnreitmeyer" rel="nofollow" target="_blank">Twitter</a></li></ul>

30: Should New Jersey Create a Public Bank?

On Monday, Jan. 13, 2020, New Jersey Governor Phil Murphy signed into law the Pass-Through Business Alternative Income Tax Act. This new law allows flow-through businesses in New Jersey to elect to pay income taxes at the entity level instead of at the personal income tax level. Since there is no limit on deductions on the federal level for  state and local taxes paid by businesses, this new law stands to save New Jersey business owners an estimated $400 million annually. Learn more about how this idea became law and what CPAs and business owners need to know to take advantage of it. NOTE: Edited Jan. 16, 2020, to remove reference to "sole proprietorships." 

On Monday, Jan. 13, 2020, New Jersey Governor Phil Murphy signed into law the Pass-Through Business Alternative Income Tax Act. This new law allows flow-through businesses in New Jersey to elect to pay income taxes at the entity level instead of at the personal income tax level. Since there is no limit on deductions on the federal level for  state and local taxes paid by businesses, this new law stands to save New Jersey business owners an estimated $400 million annually. Learn more about how this idea became law and what CPAs and business owners need to know to take advantage of it. NOTE: Edited Jan. 16, 2020, to remove reference to "sole proprietorships."

33: What You Need to Know About the New Pass-Through Business Alternative Income Tax Act

NJCPA endorses Path to Progress pension and benefits reforms (njcpa.org/advocacy) | Review of tax recommendations in Path to Progress report (njpathtoprogress.org) | NJCPA members’ ranking of those recommendations | Input from Tom Bracken, president of the New Jersey State Chamber of Commerce, about potential impact of small business tax credits | Bill drafted by the NJCPA would provide Section 1202 capital gains tax breaks to certain NJ companies (njcpa.org/advocacy) | Q&amp;A with Senate President Steve Sweeney on Nov. 8 (njcpa.org/issueswatch) | Two pro-CPA bills progressed in the legislative process (njcpa.org/advocacy) | NJ tax amnesty program to begin Nov. 15 (njcpa.org/topics/statetax).

NJCPA endorses Path to Progress pension and benefits reforms (<a href="njcpa.org/advocacy" rel="nofollow" target="_blank">njcpa.org/advocacy</a>) | Review of tax recommendations in Path to Progress report (<a href="http://njpathtoprogress.org/" rel="nofollow" target="_blank">njpathtoprogress.org</a>) | NJCPA members’ ranking of those recommendations | Input from Tom Bracken, president of the New Jersey State Chamber of Commerce, about potential impact of small business tax credits | Bill drafted by the NJCPA would provide Section 1202 capital gains tax breaks to certain NJ companies (<a href="njcpa.org/advocacy" rel="nofollow" target="_blank">njcpa.org/advocacy</a>) | Q&amp;A with Senate President Steve Sweeney on Nov. 8 (<a href="http://njcpa.org/issueswatch" rel="nofollow" target="_blank">njcpa.org/issueswatch</a>) | Two pro-CPA bills progressed in the legislative process (<a href="njcpa.org/advocacy" rel="nofollow" target="_blank">njcpa.org/advocacy</a>) | NJ tax amnesty program to begin Nov. 15 (<a href="http://njcpa.org/topics/statetax" rel="nofollow" target="_blank">njcpa.org/topics/statetax</a>).

3: Steps to Improve New Jersey’s Tax Environment

The most contentious issues in Governor Murphy’s proposed budget for New Jersey’s 2019/20 fiscal year is the expansion of the millionaire’s tax. It calls for extending the top 10.75-percent income tax rate to those making more than $1 million. This move is estimated to bring in $475 million. But with both the Senate President and Assembly Speaker opposed to it, does it stand a chance of being implemented? And if it does, will it drive high-income New Jerseyans out of the state? Hear an analysis from Richard Keevey, distinguished executive in residence at the Rutgers School of Planning and Public Policy and a lecturer at Princeton University, and Dale Florio of Princeton Public Affairs Group. In other news: Bill to help pass-through business owners passes Assembly Committee | Bill to shorten malpractice filing period passes Assembly Judiciary Committee | Governor signs bill that forbids arbitration agreements in employee contracts

The most contentious issues in <a href="https://www.njcpa.org/stay-informed/advocacy/legislative-news/new-jersey-budget" rel="nofollow" target="_blank">Governor Murphy’s proposed budget</a> for New Jersey’s 2019/20 fiscal year is the expansion of the millionaire’s tax. It calls for extending the top 10.75-percent income tax rate to those making more than $1 million. This move is estimated to bring in $475 million. But with both the Senate President and Assembly Speaker opposed to it, does it stand a chance of being implemented? And if it does, will it drive high-income New Jerseyans out of the state? Hear an analysis from Richard Keevey, distinguished executive in residence at the Rutgers School of Planning and Public Policy and a lecturer at Princeton University, and Dale Florio of Princeton Public Affairs Group. In other news: <a href="https://www.njcpa.org/stay-informed/advocacy/legislative-news/article/2019/03/19/bill-to-help-pass-though-business-owners-passes-assembly-committee" rel="nofollow" target="_blank">Bill to help pass-through business owners passes Assembly Committee</a> | <a href="https://www.njcpa.org/stay-informed/advocacy/legislative-news/article/2019/03/19/bill-to-shorten-malpractice-filing-period-passes-assembly-judiciary-committee" rel="nofollow" target="_blank">Bill to shorten malpractice filing period passes Assembly Judiciary Committee</a> | <a href="https://www.njcpa.org/stay-informed/advocacy/legislative-news/article/2019/03/19/governor-signs-bill-that-forbids-arbitration-agreements-in-employee-contracts" rel="nofollow" target="_blank">Governor signs bill that forbids arbitration agreements in employee contracts</a>

12: Will New Jersey’s Millionaire’s Tax be Expanded?

Mikie Sherrill

“Not only is the Gateway Tunnel project the most important project in New Jersey, it’s the most important infrastructure project in the nation right now,” says Congresswoman Mikie Sherrill, a Democrat representing New Jersey’s 11th Congressional District. Listen as she discusses the Gateway Tunnel project, other vital infrastructure and transportation issues, and her efforts to fight the SALT deduction cap.  Follow or contact Congresswoman Sherrill: Website | Facebook | Twitter | Instagram Bill co-sponsored by Congresswoman Sherrill to increase SALT deduction cap In other news: New Jersey Senate President introduces sweeping “Path to Progress” legislative package

“Not only is the Gateway Tunnel project the most important project in New Jersey, it’s the most important infrastructure project in the nation right now,” says Congresswoman Mikie Sherrill, a Democrat representing New Jersey’s 11th Congressional District. Listen as she discusses the Gateway Tunnel project, other vital infrastructure and transportation issues, and her efforts to fight the SALT deduction cap. <ul> <li>Follow or contact Congresswoman Sherrill: <a href="https://sherrill.house.gov/" rel="noopener noreferrer nofollow" target="_blank">Website</a> | <a href="https://www.facebook.com/RepMikieSherrill/" rel="noopener noreferrer nofollow" target="_blank">Facebook</a> | <a href="https://twitter.com/RepSherrill" rel="noopener noreferrer nofollow" target="_blank">Twitter</a> | <a href="https://www.instagram.com/mikiesherrill/" rel="noopener noreferrer nofollow" target="_blank">Instagram</a></li> <li><a href="https://sherrill.house.gov/media/press-releases/sherrill-stefanik-king-and-cisneros-introduce-bipartisan-salt-bill-increase-cap" rel="noopener noreferrer nofollow" target="_blank">Bill co-sponsored by Congresswoman Sherrill to increase SALT deduction cap</a></li> <li>In other news: <a href="https://www.njsendems.org/sweeney-sarlo-oroho-greenwald-unveil-legislation-to-fix-fiscal-crisis-and-cut-property-taxes/" rel="noopener noreferrer nofollow" target="_blank">New Jersey Senate President introduces sweeping “Path to Progress” legislative package</a></li></ul>

16: Congresswoman Mikie Sherrill on Infrastructure, Transportation and SALT

Allegations of bribery! International intrigue! Dramatic revelations! We’re not talking about the latest blockbuster movie – we’re talking about the impeachment investigation of President Donald Trump. Washington lobbyist Robert Zucker talks to us about how the impeachment process works, what’s happened so far and what might happen next.

Allegations of bribery! International intrigue! Dramatic revelations! We’re not talking about the latest blockbuster movie – we’re talking about the impeachment investigation of President Donald Trump. Washington lobbyist Robert Zucker talks to us about how the impeachment process works, what’s happened so far and what might happen next.

31: All About Impeachment

29: New Jersey’s Economy: Good or Not So Good?In this episode we talk with Michael Lahr, director of the Rutgers Economic Advisory Service, about New Jersey’s economy: where it stands now and where it may be headed. In particular, we look at the state’s fiscal and tax environments in comparison with our neighboring states.

29: New Jersey’s Economy: Good or Not So Good?In this episode we talk with Michael Lahr, director of the Rutgers Economic Advisory Service, about New Jersey’s economy: where it stands now and where it may be headed. In particular, we look at the state’s fiscal and tax environments in comparison with our neighboring states.

29: New Jersey's Economy: Good or Not So Good?

John Reitmeyer

Governor Murphy signed a bill on Feb. 4 to raise New Jersey’s minimum wage to $15 per hour by the year 2024. In this episode, we conclude our talk with John Reitmeyer who, in his role as budget and public policy reporter for NJ Spotlight, has covered the topic extensively. If you haven’t heard part one, listen to episode 9. In episode 10, we talk about the possibility of property tax increases as towns absorb the higher minimum wage; what we’ve seen in other states that have raised their minimum; and what – if anything – John thinks should have been included in the bill that wasn’t. In other news: Legislation to protect members of professional boards is continuing to be pushed by NJCPA | NJCPA proposed changes to New Jersey’s tax code if cannabis is legalized | NJCPA continuing to support a bill that would allow pass-through entities to be taxed on an entity level in New Jersey | Register for our free IssuesWatch broadcast about Gov. Murphy’s proposed budget on March 21, March 27 or April 1.

Governor Murphy <a href="http://njcpa.org/minimumwage" rel="nofollow" target="_blank">signed a bill</a> on Feb. 4 to raise New Jersey’s minimum wage to $15 per hour by the year 2024. In this episode, we conclude our talk with John Reitmeyer who, in his role as budget and public policy reporter for <a href="https://njspotlight.org/" rel="nofollow" target="_blank">NJ Spotlight</a>, has covered the topic extensively. If you haven’t heard part one, listen to <a href="https://www.blubrry.com/njcpaissueswatch/41748207/episode-9-talking-minimum-wage-with-john-reitmeyer-part-one" rel="nofollow" target="_blank">episode 9</a>. In episode 10, we talk about the possibility of property tax increases as towns absorb the higher minimum wage; what we’ve seen in other states that have raised their minimum; and what – if anything – John thinks should have been included in the bill that wasn’t. In other news: Legislation to <a href="https://www.njcpa.org/stay-informed/advocacy/legislative-news/article/2018/09/20/njcpa-urges-yes-vote-on-a2810-to-address-liability-problems-impacting-nj-professional-occupational-board-members" rel="nofollow" target="_blank">protect members of professional boards</a> is continuing to be pushed by NJCPA | NJCPA proposed <a href="https://njcpa.org/stay-informed/advocacy/legislative-news/article/2019/02/13/njcpa-urges-nj-legislature-to-make-tax-code-change-if-cannabis-is-legalized-in-new-jersey" rel="nofollow" target="_blank">changes to New Jersey’s tax code</a> if cannabis is legalized | NJCPA continuing to <a href="https://www.njcpa.org/stay-informed/advocacy/legislative-news/article/2018/12/10/cpas-urge-yes-vote-on-s3246" rel="nofollow" target="_blank">support a bill</a> that would allow pass-through entities to be taxed on an entity level in New Jersey | Register for our free IssuesWatch broadcast about Gov. Murphy’s proposed budget on <a href="https://www.njcpa.org/cpe/products/search/event-details?code=E1903094" rel="nofollow" target="_blank">March 21</a>, <a href="https://www.njcpa.org/cpe/products/search/event-details?code=E1903114" rel="nofollow" target="_blank">March 27</a> or <a href="https://www.njcpa.org/cpe/products/search/event-details?code=E1904204" rel="nofollow" target="_blank">April 1</a>.

10: Talking Minimum Wage with John Reitmeyer – Part Two

Marc Pfeiffer

A discussion with Marc Pfeiffer, assistant director at the Bloustein Local Government Research Center, about New Jersey's property taxes: why they're so high and what - if anything - can be done to reduce them. Note: We will be taking a short break for the holidays. Our next episode will be published on January 15, 2019. Happy Holidays!

A discussion with Marc Pfeiffer, assistant director at the Bloustein Local Government Research Center, about New Jersey's property taxes: why they're so high and what - if anything - can be done to reduce them. Note: We will be taking a short break for the holidays. Our next episode will be published on January 15, 2019. Happy Holidays!

6: Marc Pfeiffer on New Jersey's Property Taxes

Tom Bracken

New Jersey’s tax incentive programs have been in the news lately after a highly critical audit of the Economic Development Authority’s administration of the programs. In this episode, we speak with Tom Bracken, president and CEO of the New Jersey Chamber of Commerce, about the current programs and what could be changed to make them more effective and impactful.    See also: State Comptroller’s audit of the EDA’s tax incentive programs | Results of a recent NJCPA member survey about the New Jersey’s tax incentive programs | NJCPA’s response to Governor Murphy’s State of the State address | Minimum wage legislation | Results of NJCPA cannabis survey 

New Jersey’s tax incentive programs have been in the news lately after a highly critical audit of the Economic Development Authority’s administration of the programs. In this episode, we speak with Tom Bracken, president and CEO of the New Jersey Chamber of Commerce, about the current programs and what could be changed to make them more effective and impactful. See also: <a href="https://nj.gov/comptroller/news/docs/eda_final_report.pdf" rel="nofollow" target="_blank">State Comptroller’s audit of the EDA’s tax incentive programs</a> | <a href="https://www.njcpa.org/stay-informed/topics/article/2019/01/28/majority-of-new-jersey-cpas-polled-say-nj-s-tax-incentive-programs-are-not-effective-in-attracting-companies-and-jobs" rel="nofollow" target="_blank">Results of a recent NJCPA member survey</a> about the New Jersey’s tax incentive programs | <a href="https://www.njcpa.org/about/article/2019/01/17/njcpa-supports-governor-murphy-s-drive-to-foster-small-business-growth-but-not-full-minimum-wage-rise" rel="nofollow" target="_blank">NJCPA’s response</a> to Governor Murphy’s State of the State address | <a href="https://assets.documentcloud.org/documents/5692723/NJ-minimum-wage-bill-revised-1-24-19.pdf" rel="nofollow" target="_blank">Minimum wage legislation</a> | <a href="https://www.njcpa.org/about/article/2019/01/23/nearly-50-percent-of-new-jersey-cpas-say-legalizing-adult-use-marijuana-would-help-the-economy" rel="nofollow" target="_blank">Results of NJCPA cannabis survey</a>

8: A Discussion with Tom Bracken about New Jersey’s Tax Incentive Programs

Would you believe there’s a New Jersey government agency that will advocate for your business when you have to deal with other government agencies? In this episode, we explore a little-known gem called the New Jersey Business Action Center. The center helps new businesses get started and existing businesses grow by answering questions and solving problems they have with New Jersey laws and regulations, permitting, exporting and more. And best of all, there is no cost to use the center’s services. Contact the New Jersey Business Action Center:  nj.gov/njbusiness  1-800-JERSEY-7

Would you believe there’s a New Jersey government agency that will advocate for your business when you have to deal with other government agencies? In this episode, we explore a little-known gem called the New Jersey Business Action Center. The center helps new businesses get started and existing businesses grow by answering questions and solving problems they have with New Jersey laws and regulations, permitting, exporting and more. And best of all, there is no cost to use the center’s services. Contact the New Jersey Business Action Center: <ul> <li><a href="http://nj.gov/njbusiness" rel="nofollow" target="_blank">nj.gov/njbusiness</a> </li> <li>1-800-JERSEY-7</li></ul>

32: An Advocate for New Jersey Businesses

Governor Murphy signed a bill on Feb. 4 to raise New Jersey’s minimum wage to $15 per hour by the year 2024. In this episode, we talk with John Reitmeyer who, in his role as budget and public policy reporter for NJ Spotlight, has covered the topic extensively. Hear what John has to say about the pro and con arguments for the minimum wage bill; whether businesses might cut jobs, hours and benefits as they try to absorb the higher wage rate; the possible implications to consumers in the form of higher prices for products and services; and some of the exemptions, or carve-outs, that did and didn’t make it into the final bill.   In other news: Accountancy Act bill signed into law | A bill opposed by NJCPA that would ban all arbitration employment agreements has been passed by the New Jersey Legislature | Updates to the New Jersey State Board of Accountancy regulations are open for comments through March 8 | Legislation to remove the SALT deduction cap and restore the 39.6 percent tax bracket was unveiled on Feb. 11

Governor Murphy <a href="http://njcpa.org/minimumwage" rel="nofollow" target="_blank">signed a bill</a> on Feb. 4 to raise New Jersey’s minimum wage to $15 per hour by the year 2024. In this episode, we talk with John Reitmeyer who, in his role as budget and public policy reporter for <a href="njspotlight.org" rel="nofollow" target="_blank">NJ Spotlight</a>, has covered the topic extensively. Hear what John has to say about the pro and con arguments for the minimum wage bill; whether businesses might cut jobs, hours and benefits as they try to absorb the higher wage rate; the possible implications to consumers in the form of higher prices for products and services; and some of the exemptions, or carve-outs, that did and didn’t make it into the final bill. In other news: <a href="https://njcpa.org/stay-informed/advocacy/legislative-news/accountancy-act" rel="nofollow" target="_blank">Accountancy Act bill signed into law</a> | A <a href="https://njcpa.org/stay-informed/advocacy/legislative-news/article/2019/02/01/njcpa-opposes-anti-arbitration-bill" rel="nofollow" target="_blank">bill</a> opposed by NJCPA that would ban all arbitration employment agreements has been passed by the New Jersey Legislature | <a href="https://njcpa.org/stay-informed/advocacy/legislative-news/article/2019/01/11/state-board-of-accountancy-proposes-new-rules" rel="nofollow" target="_blank">Updates to the New Jersey State Board of Accountancy regulations</a> are open for comments through March 8 | <a href="https://njcpa.org/stay-informed/topics/article/2019/02/11/legislation-announced-to-repeal-salt-deduction-cap" rel="nofollow" target="_blank">Legislation</a> to remove the SALT deduction cap and restore the 39.6 percent tax bracket was unveiled on Feb. 11

9: Talking Minimum Wage with John Reitmeyer – Part One

Two pro-CPA bills passed the Senate Commerce Committee on Oct. 15 (njcpa.org/advocacy) | Review of pension and benefit reforms recommended by Senate President Sweeney’s Economic Growth and Fiscal Policy Workgroup (njpathtoprogress.org) and what the political outlook is for these recommendations | NJCPA event with Senator Sweeney on Nov. 8 (njcpa.org/issueswatch) | Revised New Jersey accountancy regulations should be published soon in the New Jersey Register (njcpa.org/njsba) | Director of the New Jersey Division of Taxation says tax amnesty program should begin sometime in November (njcpa.org/topics/statetax).

Two pro-CPA bills passed the Senate Commerce Committee on Oct. 15 (<a href="http://njcpa.org/advocacy" rel="nofollow" target="_blank">njcpa.org/advocacy</a>) | Review of pension and benefit reforms recommended by Senate President Sweeney’s Economic Growth and Fiscal Policy Workgroup (<a href="http://njpathtoprogress.org" rel="nofollow" target="_blank">njpathtoprogress.org</a>) and what the political outlook is for these recommendations | NJCPA event with Senator Sweeney on Nov. 8 (<a href="http://njcpa.org/issueswatch" rel="nofollow" target="_blank">njcpa.org/issueswatch</a>) | Revised New Jersey accountancy regulations should be published soon in the New Jersey Register (<a href="http://njcpa.org/njsba" rel="nofollow" target="_blank">njcpa.org/njsba</a>) | Director of the New Jersey Division of Taxation says tax amnesty program should begin sometime in November (<a href="http://njcpa.org/topics/statetax" rel="nofollow" target="_blank">njcpa.org/topics/statetax</a>).

2: New Jersey's Pension and Benefits Crisis

New Jersey’s tax incentives programs have been in the news a lot lately. Governor Murphy is recommending major changes to the current programs, which expire in June. He is looking to shift much of the incentives from big corporations to smaller, innovative companies, and he wants a cap of $400 million on all the programs combined. This episode includes a discussion with two New Jersey public policy experts about the existing tax incentive programs and the proposed changes.  NJCPA      survey results on tax incentives More on the proposed budget IssuesWatch      Podcast Episode 8: A Discussion with Tom Bracken about New Jersey’s Tax      Incentive Programs 

New Jersey’s tax incentives programs have been in the news a lot lately. Governor Murphy is recommending major changes to the current programs, which expire in June. He is looking to shift much of the incentives from big corporations to smaller, innovative companies, and he wants a cap of $400 million on all the programs combined. This episode includes a discussion with two New Jersey public policy experts about the existing tax incentive programs and the proposed changes. <ul> <li><a href="https://www.njcpa.org/stay-informed/topics/article/2019/01/28/majority-of-new-jersey-cpas-polled-say-nj-s-tax-incentive-programs-are-not-effective-in-attracting-companies-and-jobs" rel="nofollow" target="_blank">NJCPA survey results on tax incentives</a></li> <li><a href="http://njcpa.org/njbudget" rel="nofollow" target="_blank">More on the proposed budget</a></li> <li><a href="https://blubrry.com/njcpaissueswatch/41341087/episode-8-a-discussion-with-tom-bracken-about-new-jerseys-tax-incentive-programs" rel="nofollow" target="_blank">IssuesWatch Podcast Episode 8: A Discussion with Tom Bracken about New Jersey’s Tax Incentive Programs</a> </li></ul>

14: Tax Incentives — Analyzing the Current Programs and Proposed Changes

Listen to our conversation with political analyst Ben Dworkin, director of the Rowan Institute for Public Policy, about the policy and politics underlying the current hot issues in the state capitol. He weighs in on the proposed expansion of the millionaires tax, the reality of meaningful pension reform, the prospects of the budget being passed by the June 30 deadline and more.  More      about the budget Pension      reform information Cannabis legalization news Path to Progress      legislation Register for IssuesWatch broadcasts

Listen to our conversation with political analyst Ben Dworkin, director of the Rowan Institute for Public Policy, about the policy and politics underlying the current hot issues in the state capitol. He weighs in on the proposed expansion of the millionaires tax, the reality of meaningful pension reform, the prospects of the budget being passed by the June 30 deadline and more. <ul> <li><a href="https://www.njcpa.org/stay-informed/advocacy/new-jersey-budget" rel="nofollow" target="_blank">More about the budget</a></li> <li><a href="https://www.njcpa.org/stay-informed/advocacy/legislative-news/pension" rel="nofollow" target="_blank">Pension reform information</a></li> <li><a href="http://njcpa.org/topics/cannabis" rel="nofollow" target="_blank">Cannabis legalization news</a></li> <li><a href="https://pathtoprogressnj.org/legislation/" rel="nofollow" target="_blank">Path to Progress legislation</a></li> <li><a href="http://njcpa.org/issueswatch" rel="nofollow" target="_blank">Register for IssuesWatch broadcasts</a></li></ul>

17: Showdown on New Jersey’s Millionaires Tax, Tax Incentives, Pension Reform and More

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