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 […]
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.
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’ […]
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 […]
I am happy to discuss how some local nonprofit organizations use their annual IRS information filing in conjunction with strategic marketing plans to grow their support.
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 […]
Lawyers in solo practice or in small firms often face high levels of stress. That stress comes from multiple sources and this dilemma isn’t easy to diagnose or address. The observed high incidence of depression – reported in more than one in four lawyers – and substance abuse are evidence of the problem. Positive forces […]
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 […]
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 […]