Corporate Asset and Stock Deals

Corporate Asset and Stock Deals

Corporate mergers and acquisitions are generally classified as either stock or asset deals, and the tax consequences for the buyer and seller vary accordingly.    Asset Sale During an asset sale, the buyer can purchase the entire inventory of assets and...
Changes to the NJ Corporation Business Tax Act

Changes to the NJ Corporation Business Tax Act

On June 30, 2023, New Jersey’s legislature approved a significant corporation business tax (CBT) overhaul, the key provisions of which include: Modifying portions of the CBT code addressing the way earnings are apportioned to the state; Ending the 2.5% surcharge on...