Tax planning checklist for attorneys

Posted Leave a commentPosted in Law firm, lawyer, Tax Planning

I shifted my tax planning practice from a focus on contractors to a focus on attorneys after the societal realignment that followed the presidential election of 2016. It quickly became clear that the range of tools and techniques would be quite different for my new small professional firm clients. Some of the accounting and planning […]

NJ nonprofits face new filing challenges

Posted Leave a commentPosted in Uncategorized

In New Jersey nonprofit organizations must now file their annual reports online. The new online system is not working currently, according to a report today by a member of the NJCPA. A number of problematic issues were discussed at the Nonprofit Interest Group Meeting of the New Jersey Society of Certified Public Accountants today.

How Facebook’s IRS tax case applies to us

Posted Leave a commentPosted in Legal, Taxes

Facebook’s multi-billion dollar tax case in the news today has implications for us ordinary tax-paying citizens. Two take-home lessons: If you rely solely on the Taxpayer Bill of Rights without other statutory authority, then this adds a level of procedural risk to your dispute. We do routinely rely on these procedures and expectations of ‘fair play’ […]

HRA for spouse of business owner?

Posted Leave a commentPosted in Affordable Care Act, Employee Benefits, Health Insurance, Small Business

Can a business with only one employee – the spouse of the sole proprietor – be eligible for a Health Reimbursement Arrangement? I can not give that assurance but at least one popular tax speaker says that he can and you are welcome to rely on that advice. In this situation, I would prefer to […]

Receivables management for accountants and attorneys

Posted Leave a commentPosted in Accounting, Law firm

In my first meeting with Philadelphia’s David Rubin in early 2017, he made me realize that my vision of accounts receivables management was shortsighted. His professional approach opened my eyes to the availability of a better way to manage this necessary task! I really did not know this service was available and didn’t imagine it […]

Does blogging work?

Posted Leave a commentPosted in Computers and Internet, Small Business, Social Media, Writing

Last evening I appeared on a short segment on the NBC national news. The story was rebroadcast on this morning’s Today Show. After these brief TV appearances I received a bunch of phone calls, emails and messages asking how this came about. In fact, it was just an odd random event in my patchwork schedule […]

Small business part time help matchmaker project

Posted Leave a commentPosted in Accounting, Small Business

I’ve noticed that my businesses and other local businesses are having a tougher time finding workers for occasional projects so I started a project yesterday in an attempt to address the issue. The goal is to meet more people who are looking for various types of work and assess their interests, skills and availability. Then […]