Author: Tony Novak
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What if it’s not true?
In what we refer to as the “information age“, the value of information is recognized and rewarded as a key economic driver. But what about misinformation? Do we adequately recognize and admonish this opposite driving force? I recently resolved to support organizations in updating their acceptable behavior policies to address misinformation. As usual, it is…
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Personal reflection Sunday 11/13/2022:
For almost 30 years I focused my business activist efforts on addressing the widening gap in education, income, and wealth in my communities. I thought that I could be part of a thousand points of light as a columnist, educator, and adviser. It was a complete failure if we judge by the net result. For…
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Working with noncompliant businesses
These are the three steps I use to address noncompliant businesses:1. Risk assessment – The first step must be risk assessment and strategy formation.2. Work plan – There must be a plan to address the risk.3. Trigger point – There must be a point at which lack of progress or a slide deeper into risk…
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Six reasons why inflation is good
Inflation pushes us to make smarter decisions and often increases our real net worth. It seems like Republicans are stoking fear that inflation is our worst enemy. I notice misinformation and misunderstandings daily. I’m old enough to have lived through two cycles of major inflation and can credit these with much of my financial success.…
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My blessed and winding career in 7 tweets
My blessed, winding and interesting career in 7 tweets: 1- On 2/1/1997, the investment banking firm Drexel Burnham Lambert took out a two page advertisement in The Wall Street Journal listing the names of every one of its thousands of employees. My name was included. I enjoyed life flying from home Ocean City to NYC…
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My 10th nonprofit resignation and my effort to address published misinformation
I’ve kept count. This month marks the 10th nonprofit board, most of them small charities, where I’ve resigned due to inadequate internal management controls. That does not mean that there was fraud or noncompliance at the ten organizations. While we recognize that fraud occurs in nonprofits at a shocking rate – some sources say 40%…
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The importance of recognizing peak performance and planning what to do next
Today’s WSJ carried this front page article (I shared the screenshot because of recent comments that links are not always viewable behind a paywall). The real lead story, buried in the article, is that corporate profits have been higher lately than any other time in our lifetime. That is unsustainable. It can’t stay that way…
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SCOTUS will hear Anthony Novak case
The US Supreme Court agreed to hear an interesting case involving a familiar name “Anthony Novak”. Anthony Novak in Ohio was arrested, prosecuted and found not guilty of breaking local law for making Facebook posts that annoyed police. Now he wants to sue police but federal appeals court ruled that officers are protected by qualified…
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We need better information on tax collection trends
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…
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Traditional Accounting vs. Collaborative Accounting
Traditional vs. Collaborative Accounting I have a history of collaborative work with small businesses in several different industries In these people, counterfeit reductions and the immediacy’s toxicity and consent are only close the body. This ensures justified resistance from being. This is inappropriate with the cases of a helpful humidity in U.S. OTC where products…