Author: Tony Novak
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Unrealistic advice from IRS to gig workers
IRS says: “The gig economy, also called sharing or access economy, is activity where taxpayers earn income providing on-demand work, services or goods. Often, it’s through a digital platform like an app or website. While there are many types of sharing economy businesses, ride-sharing and home rentals are two of the most popular. Here are…
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PPP agent blues
More than two months ago on LinkedIn I posed a summary of the problem that Wells Fargo small business clients were locked out of the PPP program. I don’t know why so many small nonprofits use Wells Fargo, but they do. As an agent who handles transactions for several of these, it was perplexing. An…
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The fallacy of diversity and inclusion statements
I am pleased to work with a wide range of nonprofit organization managers 1. This includes the executives of churches, synagogues, environmental groups, professional and trade associations. One thing that almost all share is a focus on outreach and recruitment. It’s a core theme for most nonprofits, and I think it is fair to say…
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“More than a Vote” and the long road ahead to the next election
I serve as accountant or treasurer to several nonprofit organizations focused on education and registration of voters. We are more concerned about voter suppression and voter disenfranchisement now than in any earlier time in our lives. That’s why this excerpt published yesterday by writer Heather Cox Wilkinson jumped out at me. “Basketball superstar LeBron James…
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29 “Five Star” online reviews! Thank You!
I started a new small business accounting firm in Millville NJ this past January and got moving just before this shutdown craziness hit us. Tough timing for sure! I know it’s important for a new business to collect client endorsements but there’s been little time for that yet. Even so, I am grateful to have…
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Summary of the HEROS Act
This past week the U.S. House of Representatives passed the HEROS Act that includes: – Money for city and state governments struggling to provide public services with the collapse in tax revenue– Hazard pay for front line workers– Virus testing, tracing and treatment– Second round of direct payments to citizens make up for lost income–…
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I love Powermatch! Thanks Ashley, Seth, Michele and Joel!
A huge thanks to Seth Goldstein, Michele Harris and Joel Payton for generously offering their time yesterday for an impromptu master mind brainstorming session. Also thanks to the always amazing Ashley Owens standing in as coordinator for Powermatch to pull it together. We met on Zoom for an hour Friday morning to bounce around ideas…
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My PPP small business scorecard
I represented nine small businesses attempting for federal aid through the Paycheck Protection Program this past month. The circumstances and timing of applications vary. Some are for profit businesses and some are 501(c)(3) nonprofits. I am applying as an owner, authorized representative, controller for some of the businesses. Others I am acting as accountant assisting…
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“I’m from the government and I’m here to help”
From the first day that we discussed coronavirus relief programs I emphasized the need for all of us to be wary of the claim “I’m from the government and I’m here to help”. Over the past seven years I’ve worked with well over one hundred clients hurt by superstorm Sandy but hurt even more by…