Best Wishes for a Wonderful
Holiday Season
and a Prosperous New Year!
December 2018
New Taxes and Fees Imposed on Charges for the Rental of Transient Accommodations in New Jersey
By Mariana Moghadam, CPA, SobelCo
As of October 1, 2018, a new law imposes Sales Tax, State Occupancy Fee, and the Meadowlands Regional Hotel Use Assessment on charges associated with the rental of transient accommodations in New Jersey.

What is Transient Accommodation?
"Transient accommodation" means a room, group of rooms, or other living or sleeping space for the lodging of occupants, including but not limited to residences or buildings used as residences.
What's New at SobelCo
We started off with a great announcement: Weber, Shapiro & Company, LLP is merging with SobelCo, effective January 1, 2019.

The history of this exciting merger between WS & Co and SobelCo actually has its genesis in a series of mergers that began more than 35 years ago when, in 1983, Scott Shapiro joined Harvey Kaufman to establish Kaufman & Shapiro CPAs. Close to a decade later, in 1994, Mark Weber merged his practice with theirs to co-found Kaufman, Shapiro & Weber, CPAs. When Kaufman retired one year later, the firm was rebranded as Weber, Shapiro & Company LLP and in late 2015 the firm moved to its current location in Woodcliff Lake. In 2019 the firm will proudly become SobelCo. as a result of this current merger. Throughout the mergers and name changes, Weber, Shapiro & Company LLP has always upheld its original commitment to serving the middle market business community with a distinguished client-centric philosophy.
How Retailers Avoid Swipe Fees is Back in the News
By John Mellage, CPA, SobelCo
Over the years our firm has published a series of articles on swipe fees and the on-going and escalating battle between retailers and the credit-card companies that charge them a fee for every transaction at the check-out counter.
As retailers continue to re-shape the shopping experience, SobelCo is taking this opportunity to focus on the ways retailers are handling swipe-fees.

New approaches to payment options are quickly gaining popularity
Tis the Season for Gifting
By Frank Merenda, Sobel Valuations
Gift Tax
The gift tax annual exclusion amount has increased to $15,000 per recipient in 2018, which is up from $14,000 in 2017. In this situation, individuals owning a privately held company would be eligible for the same gift tax exemptions and annual exclusions with regard to transfers of ownership interests. In addition, the generation-skipping transfer tax rules that applies to gifts to grandchildren and younger generations will receive the same exemption benefit.  
January 17, 2019  
Executive Women's Leadership