July was a busy tax month in New Jersey. The “convenience of employer” payroll tax rule was implemented, and changes to the corporation business tax (CBT) went into effect. NJCPA member Nicole DeRosa, CPA, of Wiss, provides the details.

*** This episode qualifies for nano CPE credit. Find out more at https://njcpa.org/nano. ***

Resources:

• Article: New Jersey Enacts Payroll Tax "Convenience of Employer" Rule
• New Jersey Division of Taxation: Convenience of the Employer Sourcing Rule Enacted for Gross Income Tax
• New Jersey Division of Taxation: Recent Changes to New Jersey's Corporation Business Tax and Gross Income Tax Acts
• State Tax Knowledge Hub
• Join the State Tax Interest Group