Business services checklist

Posted Leave a commentPosted in Accounting, Small Business

While every small business has its own requirements for accounting services, this list compiles 20 of the most commonly requested help topics grouped in strategic groupings. Each contributes to overall success, but the needs typically vary over the life of a small business owner. The decision to perform each function internally, outsource or handle collaboratively […]

Butting heads on small business bookkeeping

Posted Leave a commentPosted in Accounting, Small Business

I had unfortunate occasion to butt heads with an old-school bookkeeper. She is top quality with decades of experience. She knows her debits and credits and trial balances inside and out. She was quick to tell me that the accounting systems I use are worthless. The thing is: the world has changed. Not always for […]

Happy SBDC Day! March 20, 2019

Posted Leave a commentPosted in business networking, New Jersey, Small Business

Today is Small Business Development Center (SBDC) Day with over 1,000 events being held across the nation. I’m planning to attend an event at the Richard Stockton College office in Atlantic City later this morning. That NJSBDC office, led by dynamic director Carol Waties, has been helpful over the years in the development of Baysave’s […]

Electric power conditioners for small rural businesses

Posted Leave a commentPosted in Small Business, technoogy

About a decade ago I began using power conditioner devices at my rural home and business location. These devices are also called “voltage regulators” or “surge protector s”or “battery backups”. I am aware that there are functional and physical differences in these categories of devices but for purposes of this discussion I am lumping them […]

15 features to ensure success of bill payment outsourcing

Posted Leave a commentPosted in Accounting, Small Business

One of the best ways to use technology in your small business is to outsource bill payments. The time and expense savings that most can achieve puts this high on our list of recommended technologies. The simple fact is that a bill pay expert can do this more simply, reliably and at lower cost than […]

The new world of social investing

Posted Leave a commentPosted in Investment, Small Business, Tax Planning

The financial world has changed dramatically over the past decade in ways we could not have imagined before the financial crisis. My investment banker training was suddenly not only useless; it was exposed as a liability. I remember trying to relate the shock I felt in October 2008 to my then teenage children. I said […]

Five reasons that you don’t know about tax-free stocks

Posted Leave a commentPosted in Accounting, Small Business, Taxes

Our government taxes most kinds of income. The exceptions list of tax-free income is short. One of the least known sources of tax-free income is gains on qualified small business stock ownership. Gains on qualified small business stock is completely exempt from tax. So why haven’t you heard this before? Here are five good reasons: […]

An introduction to tax free stock investments

Posted Leave a commentPosted in Investment, Small Business, Tax Planning

(This blog post is an outline of an upcoming webinar. Comments, questions and feedback during this planning stage is welcome). Understanding the benefit of tax free stocks The difference between tax-free investments and tax-deferred investments The difference between tax-free stocks and tax-free bonds Compared to alternatives  like HSAs and life insurance Examples of ending value […]

Strippers draw attention to changing tax law

Posted Leave a commentPosted in payroll, Small Business, Taxes

Who would have guessed that strippers would be on the cutting edge of changing tax law? The laws that distinguish between contractors and employees are changing in some states. California’s strippers are in the spotlight. Yesterday strippers protested the new state law in San Diego. They like the independence of being classified as contractors yet […]