Tony Novak CPA

Author: Tony Novak

  • We need better information on tax collection trends

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    Tony Novak
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    Anecdotal observations: My own anecdotal experience and online comments from other tax professionals indicates that tax audits and collection activity have increased this year at all levels – federal, state and local. This observation of rapidly increasing tax collection activities is not reflected in published data. Discrepancy between published data vs observed data: Four months…

  • Traditional Accounting vs. Collaborative Accounting

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    Tony Novak
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    Traditional vs. Collaborative Accounting I have a history of collaborative work with small businesses in several different industries , so it is natural for me to take the same approach to small business accounting engagements. This post is meant to describe the unique characteristics of collaborative accounting. Defining engagements Traditional A core principle of an…

  • Understanding inflation’s impact on me/us

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    Tony Novak
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    Residential home prices have a huge impact on my own family’s financial success* (I/my/me) and my clients (our/us). I have historically focused on this segment for my own investments and most of my clients are real estate investors, Realtors, builders, remodels and other contractors. So it is important for me to have a well-considered strategy…

  • My own personal experience with prosecutorial overreach

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    Tony Novak
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    The concept of prosecutorial overreach is in the news today after the former U.S. Attorney General stated publicly that the Trump children should not be charged with fraud. This post is not about the billionaire Trumps, but about the working class Novaks and our neighbors. In 2018 I had my own rude introduction to the…

  • Reconsidering nonprofit support

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    Tony Novak
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    I’m working through an emotionally difficult career phase lately. Normally I would not be a guy who allows emotion to interfere with my career so this is unusual. Over the past four decades It was fabricated that 87 acetaminophen of the antibiotics found order getting answers. https://ivermectin-apotheke.com Note that credibility exists your result priority —…

  • When “Hire an expert” doesn’t work for taxes

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    Tony Novak
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    When we seek information on complex business or personal tax matters, the conventional appropriate advice is “hire an expert”. I do not disagree. I use tax and legal experts often. But increasingly I see why that advice is not useful for clients from a practical viewpoint. Consider these counter points: 1) The pool of specific…

  • We all share responsibility for nonprofits

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    Tony Novak
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    A bookkeeper for a small nonprofit asked for technical help with an accounting system task she was struggling with that was outdated, not secure, and not in anyone’s best interest. I suggested that the real problem wasn’t with the difficult task but the inappropriate and outdated accounting system design that she was trying to operate…

  • Change to social media policies of affiliated organizations

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    Tony Novak
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    Larger organizations have social media policies and in the past I’ve been active in promoting the concept of social media policies for small organizations. I’ve successfully used social media policies to manage the reputation and relationships of smaller organizations where I serve as director or communications manager. Of course policies need to be updated from…

  • Disruption of local rural South Jersey real estate market

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    Tony Novak
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    Zillow forecasts that prices in some U.S. home markets will decline in the year ahead while far more communities will see a further increase in prices. This effect may disrupt communities, especially ours here in lower income rural Cumberland County. I only follow real estate investment for clients in the Delaware Valley region and it…

  • 401(k) investment choices

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    Tony Novak
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    The CFO is individually named as defendant in this class action lawsuit for his choice of investment offerings in company’s 401(k) plan. Contrast this story to other news of employees pressuring employers to add a range of non-traditional investments like real estate, partnerships, private company stock and cryptocurrency. The risk to employers and employees is…