Insights for financial free growth.
Welcome to the MSPC blog, where we provide expert insights, updates, and actionable advice to help you navigate the complexities of accounting, tax, and financial management. Whether you’re looking for industry-specific trends, tips on staying compliant with the latest regulations, or strategic planning for your business, our blog is here to guide you.
Explore our latest articles and stay informed with the knowledge you need to succeed in an ever-evolving financial landscape.
Stay informed. Stay ahead.
Please join us in welcoming Sandra Rodriguez, our new Director of Global Tax to the MSPC Team!
Sandra is originally from Puerto Rico. She attended the University of Miami for her B.B.A degree, Boston College Law School for her J.D., and New York University School of Law for her LL.M. in Taxation. She has extensive experience working with cases...
Pat Trombetta was named Central Jersey Coach of the Year
On January 17, 2026, Pat Trombetta was named Central Jersey Coach of the Year at the NJGSCA State Banquet. Pat was honored for leading his Trinity Hall High School Team to its first ever Shore Conference Championship as well as the South Jersey Sectional Final. His...
Get Ahead on Your 1099 Reporting Requirements
As the year draws to a close, it’s the perfect time for business owners to prepare for the upcoming Form 1099 filing season. The deadline for filing Forms 1099-NEC and 1099-MISC with the IRS and sending copies to payees is January 31, 2026. Businesses should...
What Businesses Need to Know About the Corporate Transparency Act (CTA)
Starting from January 1, 2024, many businesses must disclose information about their beneficial owners to the Financial Crimes Enforcement Network (FinCEN). This is being done to prevent money laundering, financing of terrorism, and other illegal financial...
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...
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...
MSPC Names Najoung Kim, CPA as Partner
MSPC Certified Public Accountants and Advisors, PC is pleased to announce that Najoung Kim has been named a partner in the firm. Najoung joined the firm in 2006 and has two decades of experience providing audit and assurance services to publicly traded and...
Recent Developments in FBAR Filing Requirements
It is important to be aware that failing to file a Report of Foreign Bank and Financial Account (FBAR) can result in severe financial consequences. A $10,000 civil penalty is imposed for non-willful failures to file an FBAR, while willful failures are subject to a...
New Jersey Cannabis Business Applications
New Jersey’s Cannabis Regulatory Commission (“CRC”) has announced that it will soon begin accepting applications for licensure of cannabis businesses. Recently issued regulations provide a general outline stressing what the CRC will look for in potential...