Withdrawal of universal support for QuickBooks Online

Posted Leave a commentPosted in Accounting, bookkeeping, Small Business

We all know that business and technology are in a constant state of change. Certainly the small business accounting industry has seen plenty of change in recent years. After years of supporting the transition of private businesses and nonprofits’ accounting platform to QuickBooks Online as the core technology platform, I am withdrawing that universal endorsement. […]

Three simple steps to tax nirvana

Posted Leave a commentPosted in Financial Planning, Tax Planning, Taxes, Wealth Management

Taxes are perceived differently by each individual even though the overall set of chaotic rules is the same for all of us. Yet when it comes to dealing with that chaos in a manner that leads to peace and prosperity, the process always involves the same three steps: Resolve past problems. Old issues don’t go […]

The Real State of the Union

Posted Leave a commentPosted in Health and wellness, Leadership, News and Politics, Small Business, Values

I’ve spent much of my career, now in its 5th decade, focused on addressing the devastating impact of the widening wealth and income inequality gap. I first recognized the problem while working for two Wall Street firms in the middle 1980s. The problem has gotten much worse lately. It is not just an issue of […]

Highest property tax rates in the country

Posted Leave a commentPosted in Aquaculture, Real Estate

The topic of declining mid-Atlantic shoreline property values and accelerating taxes is a controversial topic, especially in the rich communities that have not yet felt the real impact of tidal inundation. Just talking about the serious problem almost got me killed years ago when I first started covering the topic for investors. (That’s a story […]

My unlikely ramble into national politics

Posted Leave a commentPosted in Accounting, New Jersey, News and Politics, Small Business

A reflection on my unlikely journey from neighborhood flood response to construction techniques to national politics. Before 2016 I was not personally active in politics. Yet as a small business owner I financially supported a number of candidates in both parties, typically in small dollar amounts from $250 to $500 per campaign over several decades. […]

Democrat or Republican: still a dangerous fraudster

Posted Leave a commentPosted in Leadership, New Jersey, News and Politics

I supported Van Drew back when Trump was a Democrat fraudster. Now Trump’s a much more dangerous Republican fraudster. Fraud is still fraud. This is not about party politics. Dear Congressman Van Drew: You wrote in a fundraising letter that we “are fixated on one thing and one thing only. Bringing down Donald Trump. I […]

The risks of being a data-driven decision maker

Posted Leave a commentPosted in Education, News and Politics, Values

Lately I notice that my ability to piss people off is on the rise. This well-honed irritating behavior targets all groups: Democrats, Republicans, conservatives, liberals, environmentalists, capitalists, politicians, community groups, Christians, Jews and atheists have all been offended by my work. Yet, on closer look, I see that it is the collective social response that […]

Benefit of 401(k) tax credit for small business that start 401(k) plans

Posted Leave a commentPosted in 401(k), Retirement, Small Business, Tax Planning

My brother John Novak, a well established 401(k) expert, shared some calculations that he made for his own clients illustrating the impact of the SECURE act tax credit for small businesses that want to start a 401(k) plan. This is the first analysis of this type that I’ve seen using “real life” 401(k) plan fees […]