A primer on the China tariffs

Posted Leave a commentPosted in Financial Planning, News and Politics, Taxes

What do you need to know as a consumer about about the China trade tariffs that starts today? This is a short bullet point summary. Legal background Tariffs are taxes authorized under Title 19 of U.S Code in 1930. The tax is based on Constitutional authority “The Congress shall have Power To lay and collect […]

Twelve consumer product businesses to avoid

Posted Leave a commentPosted in Ethics, Leadership, News and Politics

These twelve companies sell to consumers; meaning there is usually a consumer market choice to be made. They made the list either for supporting the current national political regime or for unrelenting damage to the environment. I won’t buy from any of them and I hope that you don’t either. Home Depot Chick-fil-A Anheuser-Busch CVS […]

Legal requirements to release the tax returns of candidates for public office

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

In the aftermath of revelations about the president’s financial scandals, a number of states are moving forward with bills that would require all candidates for public office to release tax returns in order to be listed on the ballot. This blog post does not attempt to list the states, the bills or their status. We […]

Reframing the language of leadership: words that matter

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

Words supported by action matter more in leadership than anything else. Economics, money, tax policy and other topics often visited in this blog pale to the importance of the credible and meaningful words in our leadership conversations. We now face a critical choice defined by the words we choose to use in that public conversation. […]

When do I get my tax refund?

Posted 1 CommentPosted in IRS, News and Politics, Taxes

The IRS begins accepting tax returns and processing refunds next Tuesday January 29. I can prepare and submit your tax return for e-file acceptance before then but it essentially sits in an electronic waiting list until the 29th. See tonynovak.com/taxes for information on getting started with an early tax return filing. The first tax returns […]

At one month, panic is setting in as we learn what government shutdown really means

Posted Leave a commentPosted in News and Politics, Small Business

The federal government shutdown is affecting an increasing number of my small business and individual clients in ways we never expected or anticipated. All indications are that these problems will get worse before the situation gets better. I am scheduling calls this week to address contingency and emergency plans with those most affected. I don’t […]

Tax fraud case with the highest implications

Posted Leave a commentPosted in Government, IRS, News and Politics, Taxes

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 […]

Enough with the immigration lies

Posted Leave a commentPosted in Aquaculture, immigration, New Jersey, News and Politics, Off-Topic

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 […]

Support for NJ minimum wage bill

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

Update: Thanks to all who supported this effort over the last several years. The $15 minimum wage proposal is now law in New Jersey. I took time this morning to write to the nine members of the NJ Assembly Labor Committee plus our own two Assemblymen and a local Chamber of Commerce that opposes the […]