Why the changes to NJ S4202 ( employee vs contractor) are no big deal

Posted Leave a commentPosted in Accounting, Employee Benefits, New Jersey, Self-employed, Small Business, Taxes

Keep it simple: if you primarily provide your labor to someone for pay then you are an employee. If you run a licensed business, with typical business features like a business plan, advertising, business insurance, and pay business taxes then you likely work as an independent contractor. I’m aware that some people are making a […]

Technology opens the door to nonprofit success

Posted Leave a commentPosted in Nonprofit, Small Business, technology

Rapidly evolving business technology makes it easier, faster and less expensive for a nonprofit organization to pursue its goals. Technology can help spread the message, recruit new supporters and board members, expand the target audience and deepen communications within the stakeholder groups. But every new technology should be vetted for consideration of how it will […]

Verizon Wireless cellular data throttling revisited

Posted Leave a commentPosted in Computers and Internet, Small Business, technology

Today the news coverage of ATT’s $60 million fine for deliberately throttling cellular internet data raises new questions for me. I’ve covered the same issue with Verizon Wireless in detail here on my blog for years. The most recent blog post documenting the problem is here. Verizon Wireless admits to the practice of deliberate throttling. […]

A workers’ compensation insurance primer for small businesses

Posted Leave a commentPosted in Insurance, Payroll, Small Business

In the past many small businesses avoided carrying workers’ compensation insurance. In the future, more small firms will carry this insurance. This blog post is meant for small employers who are facing this issue for the first time. This is a big risk facing the smallest unsuspecting employers. What is changing? State laws have always […]

Accounting services engagement agreement – updated 11/2019

Posted Leave a commentPosted in Accounting, bookkeeping, Small Business

Thank you for choosing me to help you with your accounting. This client accounting services agreement is meant to encompass one or more of the four areas of small business financial management: TRANSACTIONAL SERVICES including bookkeeping, payroll, and bill payment COMPLIANCE SERVICES including tax preparation, audits, reviews, and financial reporting OUTSOURCED CFO SERVICES including financing, […]

IRS just got serious about cryptocurrency

Posted 1 CommentPosted in Cryptocurrency, Taxes

The just-released draft copy of Form 1040 Schedule 1 starts off with the question: “At any time during 2019, did you receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency?” I’m sure much discussion will follow about the potential consequences of answering with a false negative. Responding with an affirmative, no […]

An extraordinary 30 year wrestling memory

Posted 1 CommentPosted in Leadership, Pennsylvania, Values

Thirty years ago in Doylestown Pennsylvania I was privileged to be part of the most successful team ever at Del Val University, and, I suspect, one of the most distinctive performing teams in the NCAA. We were a Division 3 team and we started the season by surprising some Division 1 teams in pre-season tournament […]

Address review – October 2019

Posted Leave a commentPosted in Legal, New Jersey, Pennsylvania, Self-employed, Tax Planning

For all of my adult life I’ve had more than one address. Occasionally government entities and agencies have launched investigations or made complaints about my address. I suspect this is politically motivated but I have no proof. Those government actions have accelerated lately and I anticipate more aggressive prosecutions in the future. The tension is […]