Author: Tony Novak
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Location, location, location
Our former home of Ardmore Pennsylvania is listed in this article as the #1 best liberal place to live in America. I’d like to believe that I played at least a tiny role in creating and maintaining this great place. This is where I coached multiple kids sports teams, built relationships with hundreds of families,…
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Why does Congress protect tax cheaters?
The issue of tax cheating, audits, and enforcement have been in the news lately. The topic is of growing concern in my daily business conversations. This post describes my own experiences. Background Despite evidence that tax cheating by high income earners has soared over the past decade and that more recent Congressional action is making…
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What’s included in tax services?
Lately I use the term “bundled services” to describe how my tax service differs from some other professional providers. We also use the term ” old fashioned” and “relationship-based”. Whatever we call it, my standard accounting engagement agreement includes a bundle of basic and preliminary services and a bunch of advanced services to ensure a…
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My 2023 in review
2023 in reiew: HEALTH The thing that made the most difference in my health is not eating before noon. I’m not a medical person or dietician, but I can say this works for me. I’m still working on making it a lifestyle thing. Still haven’t found eternal youth. MEDIA I finally admitted how bad media…
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Should a CPA prepare your tax return?
Summary The AICPA says “Simply put, a CPA will save you money in the long run and look out for your best interests. Anyone can drop numbers into software to prepare a tax return. However, a CPA will analyze your specific situation for tax savings opportunities and help you plan for next year.” This blog post expands…
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Lessons learned in small business accounting this year
Over the past few years, since just before Covid, I returned to a traditional practice of serving small businesses on a one-on-one personal basis. This was a change from the background of handling a national firm with thousands of clients operating through automated internet technology. I made some mistakes and learned some things the hard…
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Business Ownership Information Disclosure
Absent any last minute action this week, the federal Corporate Transparency Act of 2021 becomes effective next week. Efforts by groups including our NJCPA to delay the start seem to have failed. As with any business issue in modern life, there is as much misinformation as real information. I want to be clear that this…
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My social media experience in 2023
A summary of my own social media experience in 2023:1) Twitter has degenerated to a cesspool. I use it only to read comments from one specific small group of tax professional users.2) Facebook is blocking exposure of my posts on certain topics , especially the role of social media in politics.3) My star is rising…
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Small business advisory services
1. Financing and Building the Business 2. Building Sales and Operations 3. Save Money by Cutting Costs 4. Protect What You’ve Earned
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2024 Money Island guest policy
This policy only applies to the properties under my management. It does not apply, of course, to public properties or other privately owned properties. Background: – The marina businesses is closed, probably until 2030. – The current use of the former marina property is now my residence and home-based business only. – Various colleges, state…