Author: Tony Novak
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An Opportunity to Change the Public Conversation
Recent news has certainly rocked our world. We don’t know where it is headed. We don’t know how it will affect our future. We don’t know when it will end. We simply know that this is not normal. Yet, even right now, I see at least one clear possibility for channeling this into positive energy.…
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Introduction message to the new CPA firm
“Thank you for asking about my services this year! I had the exciting opportunity a few months ago to start a brand new CPA firm in New Jersey. It was quite an undertaking but now have a new address, new licenses and new staff. We are motivated by this new unfettered ability to make real…
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Does simply owning cyber currency put you at increased risk of audit and tax penalty?
Many cyber currency owners believe that if they didn’t receive any cash then there is no tax due now. IRS disagrees and will let them know! Even a “fork” in your cyser currency now triggers immediate tax under current IRS rules. Owing tax without receiving any real benefit strikes many as unfair and the Virtual…
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Security enhancements during tax season
Avoiding the usual scams: Tax-related scams this year have risen to a level I’ve not experienced before in more than 4 decades of practice. Tax preparers are among the most targeted group. The defenses tend to require low tech personal attention. EMAIL – We observe that most (I read 85%) of scams begin with email.…
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How does your ‘To Do List’ work?
How does your “To Do List” work? I’d really like to know. Here’s my situation: Since I’m an MS Office platform guy (as most government and law offices are), I keep mine on the much improved “Microsoft To Do” app that is prominently positioned on my phone, iPad and PC. It integrates with other functions…
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New Jersey election violations cost nine candidates $42,797
Today the New Jersey Election Law Enforcement Commission (ELEC) announced that nine municipal government candidates, one county clerk candidate, one freeholder candidate, and one state assembly candidates must pay fines and fees totaling $42,797 for violating the Campaign Contributions and Expenditures Reporting Act. My job as a NJ certified election campaign treasurer is to help…
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QuickBooks Payments Drops PayPal
Beginning next month, PayPal will no longer be available as a payment method when paying an invoice through QuickBooks Payments. This is significant to me (and many other small businesses) because I do most of my invoicing through QuickBooks Payments and make most of my payments through PayPal. Suggestions for other options? We will review…
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Withdrawal of universal support for QuickBooks Online
We all know that business and technology are in a constant state of change. Certainly the small business accounting industry has seen plenty of change in recent years. After years of supporting the transition of private businesses and nonprofits’ accounting platform to QuickBooks Online as the core technology platform, I am withdrawing that universal endorsement.…