Rolling back the clock to reconsider a financial mistake: the Sandy recovery saga of Money Island Marina

Posted 3 CommentsPosted in Small Business

This past weekend we rolled back our clocks by an hour.  The concept triggered me to wish I that I could roll back my own clock by two years. On this weekend, two years ago, the residents of New Jersey’s Delaware Bay shores faced substantial damage to our homes and businesses from Sandy storm that […]

Avoid C corporations with high tax rates

Posted Leave a commentPosted in Financial Planning, Small Business

U.S. corporate income tax rates are the highest in the world. Most incorporated businesses pay 35% before their owners ever see a dollar of return on investment. The morale of the story for small business owners: consider using a regular corporate form (called a “C corporation”) for other planning business purposes but tax strategy is usually […]

Post-Sandy Government Shame List

Posted 3 CommentsPosted in Accounting, News and Politics, Small Business

In the two years since Sandy, I have found myself on the front line of an unfortunate number of unjustifiable actions taken by government against my small business clients and neighbors in the bayshore region of South Jersey. This list compiles ten of the most terrible government actions taken in the two years since Sandy. New […]

New CPA Office Makes a Value Offer for 2014 Tax Preparation

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

I am pleased to announce the launch my tax return preparation practice for the 2014 tax season. I am prepared with the most advanced software, qualified support staff and ready to handle electronic filing for all types of individual and small business tax returns anywhere in the U.S. In order to reduce the risk that […]

Small businesses wrestle with Form 941 Employer’s Quarterly Federal Tax Return

Posted Leave a commentPosted in Accounting, Small Business

IRS Form 941 Employer’s Quarterly Federal Tax Return is, almost by definition, one of the most often-encountered sources of tax trouble for small businesses. This is the tax form that reconciles the amount of wage tax that has been sent (or is now being sent) with the employer’s liability for collecting and submitting these funds. […]

A small business’ most valuable asset

Posted 1 CommentPosted in Accounting, Computers and Internet, Data Management, Small Business

When I speak with a small business owner, the topic of managing their most valuable asset often comes up. Usually, I’ll provoke the discussion: What really is your most valuable asset? What are you doing to protect it? What are you doing to grow it? At first, they are surprised to learn that I’m talking […]

Sources of my Freedom Benefits Web traffic

Posted Leave a commentPosted in Computers and Internet, Small Business, Social Media

Over 85% of my collective Web visitors – typically 300 to 500 unique visitor per day – come from organic Google searches. The remainder come from a wider range of sources and referrers. It is interesting that the volume of traffic from Facebook, LinkedIn and Twitter is almost identical, a handful of people from each […]

Accounting vs. bookkeeping vs. artificial intelligence

Posted Leave a commentPosted in Accounting, Computers and Internet, Financial Planning, Small Business

I read an article that started out with a silly statement “It’s not a reality—yet—but accounting software is poised to eliminate accountants”. The article goes on to discuss the role of bookkeeping software, not the work of accountants. I responded “If you believe that this next generation of software will replace accountants, then I would […]