Month: June 2017
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Small business online security update
I attended another online security program last week at the New Jersey CPA convention. This remains a topic of major concern for all types of technology users. My focus is on practical solutions for small business user issues. Yesterday an alarming show on National Public Radio reinforced the conclusion that these online security problem issues…
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New Jersey’s TrumpCare Nullification Act
On Thursday, the same day that 15 Republican US Senators unveiled a secret proposal to modify federal health care taxes, legislators in New Jersey filed a bill to nullify the effects of that possible change. The bill is known as the “TrumpCare Nullification Act” by creating the New Jersey Affordable Health Care Fund. Details are…
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5 things we know about the Republican health care reform plan
We know more about the Republican plan to reform national health care policy now that the Senate has released its ‘secret’ plan. These are a few things that are all but certain at this point: Obamacare will not be repealed or replaced. Both the House and Senate reform bills keep most features of the prior…
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How will you fare under the Senate health bill?
Summary of Senate health bill’s effect on small businesses: eliminates requirement to be insured protects insurers in the marketplace shifts but retains tax credits lowers the number of people eligible for free or reduced price coverage cuts taxes for the wealthy suspends the ‘Cadillac Tax’ strips federal funding from Planned Parenthood is surprisingly light-weight; only about…
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Outrage over Senate’s health care reform bill spreads
US Senator Bob Menendez from New Jersey joined with many health care advisers, including myself, in expressing his outrage over the secretive process used to draft the replacement bill for health care reform that is apparently designed to hide the details from public scrutiny. I’ve been an advocate of health care reform and an active…
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CPA-prepared financial statements
A question came up from a small nonprofit business client yesterday for the second time this month. The request was to produce a financial statement for the client’s Treasurer. I found myself thinking about the best words to use to clarify my position. I want to help by making this an easy and seamless process…
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Five Ways I Support the Paris Accord
A large majority of Americans support the goals of the Paris Accord. A fewer number, like me, take this support a step further by stating that the Paris Accord represents the most significant action that humankind has taken to preserve life on planet earth. We notice that the level of support for voluntary international efforts…
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CPA services for nonprofits: a comparison of service and cost
Nonprofit organizations in the United States are sometimes required to engage a Certified Public Accountant (CPA) to prepare financial statements for presentation to state regulators and to the public. The specific requirement varies by state and depends primarily on the size of the nonprofit organization. Three levels of financial statement services offered by CPAs: Audits,…
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A Crime Against Humanity
There is a concept in the law known as “last clear chance”. This means that even if you didn’t create a problem, you are still liable if you had the last clear chance to avoid a catastrophe but chose to not do so. For example, if you are driving down the highway and see a child…