Law
Newly passed legislation will make New Jersey friendlier to socially conscious companies, according to an advocacy group.
Proposed changes to lease accounting procedures could have wide-ranging implications for New Jersey’s business community, as compliance is expected to carry heavy administrative costs for companies, and significantly alter commercial real estate transactions in the future, according to real estate insiders. Tenants will be driven to sign shorter-term leases and purchase space, rather than rent, while landlords may see property values decline and financing agreements with banks put at risk.
The Meadowlands Regional Chamber unveiled plans Monday to redevelop remaining parcels on the Meadowlands Sports Complex, the focal point of which would be a new casino the chamber said will be necessary to salvage New Jersey’s struggling gaming industry.
The bankruptcy filing by a key Long Branch beachfront hotel is a significant setback, but one that appears unlikely to hamper the city’s redevelopment efforts.
As CPAs gear up for tax season, Internal Revenue Service and other filing deadlines aren’t the only issues on their minds. They also have to figure out how to deal with clients that may want to push the envelope when it comes to aggressive tax strategies. Customer service is important, but a CPA or other adviser who crosses the line into fraud can get slapped down by authorities.
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