Author: Tony Novak
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Strategic Marketing Plan 2019
This is a first draft: it is not complete. The purpose is to collect information necessary to create a marketing calendar. I suppose that many of us in business are doing some strategic marketing work this month. For me that means working with adviser Sebastian Meine to make up a marketing calendar. The idea is…
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Tax fraud case with the highest implications
A high profile multi-million dollar international tax fraud case (Unites States vs. Natalia Veselnitskaya 18 CRIM 904) took a dark turn last week then a sealed indictment by federal prosecutors was revealed to the public. To be clear, this tax fraud case does not involve anyone in U.S. government. Yet this case brought special attention because…
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Bill.com Expert Certification
Bill.com is a market-leading software that automates tedious tasks, gets you paid faster electronically, and integrates with your accounting software to fit your workflow. I started using it last year and passed the expert certification program today. For a demonstration of how this technology can save time and money for your firm throughout the year and…
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Tax services fees in 2019 (for 2018 tax returns)
In 2020 ( for 2019 tax returns) I adopted a new business model that includes income tax return preparation as one of a bundle of services designed to streamline your compliance requirements and improve overall financial performance. Pricing is based on a monthly fee rather than a transactional fee, starting at $100 for individuals and…
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Enough with the immigration lies
Introduction: My background with immigration is working with construction, agricultural and fisheries businesses in New Jersey, Delaware, Maryland and Pennsylvania that use immigrants for the majority of their work force. I know dozens of these workers who came here legally on work visas and are still waiting for their extension paperwork. Ironically, some of them…
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2019 Tax Planning and Support Tools Available
Through our 2019 license agreement with CFS Software, we offer a large number of support forms and estimated tax calculators. If you would benefit from a demonstration of the powers of any of these functions or planning calculations, please let us know. General Utilities and Retirement Calculations: 5 Year Federal/State Tax Planner After-Tax Loan Refinance…
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Simplify the business of life
This blog title is a slogan used by the world’s most popular personal and small business software maker. For my purposes as an adviser, I’m using it here to refer to the accounting for essential financial transactions between an employer and employee: payroll, taxes and employee benefits. Small businesses have wide latitude in some areas of…
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Three changes to small business health plans for 2019
Small business employers who choose to offer health benefits to employees will find more options available in 2019 under rules proposed late last year for adaptation this year. The IRS and Treasury Department clarified that employers who meet other conditions will be allowed to offer reimbursement of individual health insurance on a tax-free basis. These…
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Five economic forecasts for small business in 2019
A decade ago I probably would have said that there is little value to a small business adviser in attempting macroeconomic and political forecasts. But over this most recent decade I’ve watched shifting macroeconomic conditions wipe out over two million dollars of personal net worth and put one of my businesses into idle for over…
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Taxes are our #1 expense
Taxes were my largest expense again in 2018. It’s no surprise. Although I’ve eliminated most income tax, real estate, employment and various state taxes remain. Overall, we Americans spend more on taxes than food, housing and clothing combined. Most of us monitor and plan to control these other expenses but few take any action to…