Grow NJ Assistance Program

The Grow New Jersey Assistance Program (Grow NJ) is a significant economic development incentive, providing tax credits to businesses that make a qualified capital investment while creating or retaining jobs in New Jersey. The program is administered by the New Jersey Economic Development Authority (NJEDA), and while it has been in place for over a decade, there have been important recent developments which qualifying New Jersey businesses need to be aware of.

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LIHTC and the Minimum Set-Aside

The minimum set-aside is an election that defines the minimum percentage of units that must be occupied by qualifying low-income households and the maximum level of income those households may earn, as a percentage of area median income (“AMI”). Meeting the minimum set-aside is one of the most critical requirements in the LIHTC program that’s measured on the last day of the tax year, and the election must be met for the entire compliance period to avoid recapture.

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WEBINAR: Cybersecurity Maturity Model Certification (CMMC): Are You Ready?

CMMC Level 2 Assessments are evidence based, and many contractors are finding they are not prepared to provide the evidence required by the CMMC Third-Party Assessor Organization (C3PAO). Our C3PAO authorized CMMC team will provide insight into what a C3PAO is looking for when conducting a CMMC Level 2 Assessment during this webinar on March 26.

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How can we help you thrive?

When was the last time anyone asked you this question? We ask it every day, understanding only one definition of thriving matters: yours.

Whether you’re an organizational leader seeking a deeper connection with your business and accounting advisor, a candidate searching for a vibrant and adaptable career path, or a community leader forging networks for positive transformation, change begins with connection.

At McKonly & Asbury, the heart of each of our relationships is collaboration, centered on Helping Others Thrive. We serve a wide range of industries—including Architecture, Engineering and Construction; Nonprofit; Manufacturing & Distribution; Healthcare; Affordable Housing; and Family-owned Businesses—delivering services that align with each client’s distinct goals and needs.

Our services include tax, audits, reviews and compilations, employee benefit plan audits, SOC audits, CMMC compliance, Sarbanes-Oxley assistance, business valuations, and state and local tax. Whether supporting organizations through compliance or helping drive strategic growth, we are committed to being a dependable and engaged advisor every step of the way.

Would you like to explore a relationship where the focus is on you? Let’s start a conversation today.

Services

Tax

Cybersecurity Maturity Model Certification

Business Valuation Services

HITRUST

SOC Audits

Audit & Assurance

Industries

Architecture, Engineering, and Construction (AEC)

Manufacturing & Distribution

Entrepreneurial

Franchises

Affordable Housing

Healthcare

Featured Articles

Crafting Your CMMC Level 2 System Security Plan: A Practical Guide

Key Takeaways Cover All 320 Objectives: Each of the 110 CMMC Level 2 controls contains multiple objectives – every one must be addressed in the SSP to achieve compliance. Align Supporting Documents: Ensure network diagrams, data-flow maps, and asset inventories are consistent with the SSP to avoid assessor red flags. Define Shared Responsibilities: Clearly document which security obje… Read more

Tax Considerations for the Construction Industry

Sales and Use Tax With the passing of economic nexus laws in almost every state, it can be complicated for any business to stay sales tax compliant. Contractors are no exception to this, and even have their own set of rules that vary by state. McKonly & Asbury’s State and Local Tax group is available to assist in making taxability determinations for contractors, and can assist with sales tax… Read more

Subservice Organizations in Your SOC Report

Subservice organizations are defined as an entity that is used by the service organization to perform s… Read more

Dale Carnegie Complimentary Virtual Preview: Leadership Training for Managers

Dale Carnegie’s Live Online programs show people how to communicate in a way that truly connects so they… Read more

Complementary User Entity Controls (CUECs) and SOC Reports

Complementary user entity controls (CUECs) are an important and essential part of any SOC report. If y… Read more

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McKonly & Asbury Culture

Core Values provide the foundation for our culture and uniquely represent who we are, define how we conduct ourselves and portray how we interact with our colleagues and clients. These Core Values personify the type of employees that we look for when we recruit, as well as what we should strive for as we advance in our careers.

Careers at McKonly & Asbury

Our uniquely collaborative and casual yet professional work environment empowers our team members to elevate their skills and advance in their careers. Our mission, Helping Others Thrive, is at the center of all we do, who we are, and who we serve.

McKonly & Asbury Culture

Core Values provide the foundation for our culture and uniquely represent who we are, define how we conduct ourselves and portray how we interact with our colleagues and clients. These Core Values personify the type of employees that we look for when we recruit, as well as what we should strive for as we advance in our careers.

Careers at McKonly & Asbury

Our uniquely collaborative and casual yet professional work environment empowers our team members to elevate their skills and advance in their careers. Our mission, Helping Others Thrive, is at the center of all we do, who we are, and who we serve.