Unhappy with your small business accounting system?

Posted Leave a commentPosted in Accounting

One of my top priorities after tax season (today) is to implement an alternative accounting platform for my small business clients. We are aware that all technology platforms have their strengths and weaknesses, so we must understand and order our priorities. For example: QuickBooks (the world’s largest platform ) advantage are also it’s disadvantages: 1. […]

‘Standard’ Tax Advice

Posted Leave a commentPosted in Social Media, Tax Planning, Taxes

Tax accountant, tax planner, tax preparer: What’s the difference? Tax accountants, like other professionals, spend time crowdsourcing information and advice among peers in limited-access online social media groups. The advantages of this crowd sourcing are obvious: fast, free, draw upon wide range of experiences, etc. The disadvantages are also obvious: you often get what you […]

How comfortable are you with your small business’ online security?

Posted 1 CommentPosted in Security, Small Business

  We already know that a large portion of cyber attacks reportedly target small businesses. SCORE put out a useful summary report earlier this year and this article by People Driven Solutions gives a good overview. CURRENT STANDARDS What should we do about it? Most of my clients follow these basics standards: Keep software up […]

Feds turning against small farmers?

Posted Leave a commentPosted in Aquaculture, Farming, Food and Drink, Health and wellness, New Jersey

Comments by the United States Department of Agriculture (USDA) Secretary this week disturbed many of us who support smaller farms and fisheries. USDA Secretary Purdue seemed to signal that the federal government does not recognize the inherent value of a wide independent network of food producers. I fear that small innovative farm operations, greenhouses, and […]

Tech changes this week rock small businesses

Posted Leave a commentPosted in Computers and Internet, Data Management, Security, Small Business

Both of these issues came in the last days of September. As of today, I only know that both issues deserve more attention. MICROSOFT: This is significant technical news for the legal and accounting fields as well as many other small businesses who use a Windows based system to manage data. Bottom line: I will […]

No, you don’t get to face your accuser (Small business beware!)

Posted Leave a commentPosted in Government, Leadership, Legal, News and Politics

Anonymous whistleblower complaints are a powerful government force regularly used against small business owners. Over the weekend Donald Tump tweeted another indication of his misunderstanding of how government works. False Tweets from Trump are hardly noteworthy in themselves but this one hits a nerve for me. As a small business owner I’ve faced at least […]

September progress

Posted Leave a commentPosted in Accounting, Cannabis, Marijuana related business (MRB), Marketing, Nonprofit, Small Business

This month of September 2019 was one of the most productive I’ve had in decades of small business. I helped launch (or re-launch) five new businesses. Three of them are nonprofits. One is already a financially “profitable” nonprofit so the tax and social benefit impact is impressive. I’ve proven that by offering free assistance to […]

New problem with cellular internet

Posted Leave a commentPosted in Computers and Internet, Data Management, Small Business, technoogy

Of course Murphy’s Law dictates that this internet access issue came to a crisis in the last two business days before business tax filing deadline on Monday. I’ve been thinking how ironic it would be if lack of internet access is the factor that finally causes me to leave my home office after 25+ years […]

How to be a millionaire and not pay any taxes

Posted Leave a commentPosted in Entertainment, Taxes

Some may not remember that Steve Martin was once one of our nation’s best known tax advisers. This in addition to his accomplishments as a actor, comedian, writer, filmmaker, and musician. The year: 1978. The show: Saturday Night Live. The skit: You.. can be a millionaire.. and never pay taxes! You can be a millionaire.. and never pay taxes! You say.. […]

A primer on the China tariffs

Posted Leave a commentPosted in Financial Planning, News and Politics, Taxes

What do you need to know as a consumer about about the China trade tariffs that starts today? This is a short bullet point summary. Legal background Tariffs are taxes authorized under Title 19 of U.S Code in 1930. The tax is based on Constitutional authority “The Congress shall have Power To lay and collect […]