The New Jersey Society of Certified Public Accountants

Posted on March 1, 2023 February 28, 2023

NJCPA Raises Concerns With Governor Murphy’s Proposed FY 2024 Budget

Statement by Ralph Albert Thomas, CPA (DC), CGMA, CEO and Executive Director, New Jersey Society of Certified Public Accountants

Roseland NJ, Governor Phil Murphy delivered his budget proposal for New Jersey’s 2024 fiscal year which begins July 1. The New Jersey Society of Certified Public Accountants (NJCPA) applauds the Governor for proposing a budget that includes no tax increases or new fees and allows the 2.5-percent corporation business tax (CBT) surcharge to sunset on Dec. 31. We also applaud the fiscally responsible measures to create a $10 billion surplus and put more than $2 billion towards debt defeasance. However, we are concerned about the tax revenue projections which don’t factor in a possible recession.

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Posted on September 24, 2021 September 23, 2021

NJCPA Survey Says Governor Should Focus on Cutting Property Taxes, Auditing State Agencies and Improving Infrastructure

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the staff of the Ridgewood blog

Roseland NJ, in a survey of more than 540 certified public accountants conducted earlier this month by the New Jersey Society of CPAs (NJCPA), reducing or capping increases on property taxes was named the highest priority for the winner of the New Jersey gubernatorial election in November. This was closely followed by auditing state agencies and programs for overspending, waste and revenue allocation and improving the state’s infrastructure. Rounding out the top five were eliminating the pension system for all new public sector workers and replacing it with a 401(k), and reducing regulations and red tape for businesses in the state.

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Posted on March 16, 2020 March 29, 2020

Calls for Tax Relief for Individuals and Businesses Amid Coronavirus Pandemic

the staff of the Ridgewood blog

Ridgewood NJ, The New Jersey Society of Certified Public Accountants (NJCPA) today called for the New Jersey Department of Treasury and Division of Taxation to provide relief to all New Jersey taxpayers in light of the uncertainty and challenges caused by the spread of the coronavirus (COVID-19) pandemic.

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Posted on December 5, 2019 December 4, 2019

Majority of CPAs Do Not Favor a State-Run Bank in New Jersey

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the staff of the Ridgewood blog

ROSELAND NJ, The majority of certified public accountants (CPAs) in a New Jersey Society of CPAs (NJCPA) survey in November, or 85 percent of the 489 members who responded, do not like the idea of having a public bank in New Jersey. The survey was conducted in response to Governor Murphy setting up a 14-member Public Bank Implementation Board (Executive Order No. 91) to develop a plan for such an endeavor within one year.