Author: Tony Novak
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Do I want or need a financial statement audit?
Does your nonprofit organization need an audit, review or compilation? What are the three main benefits of these procedures? The AICPA has a free 6 page report titled “Do I Want or Need a Financial Statement Audit” summarizing important information. The side-by-side comparison chart is especially useful. I have been active in helping management of…
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First glance at the Republican tax reform bill
The Republican tax reform bill has no t yet been released. This blog post is meant as a brief summary of the issues most important to individuals and small businesses as reported by news sources. Significant provisions Individual tax rates are 12%, 25% and 35% and 39.6% The standard deduction would be increased so fewer…
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All Tweets are not created equal
My top tweet @tonynovak this month got 60% of all impressions. the #2 had 15%, the next four most popular got about 5% each, leaving only 5% total for the many other tweets. I see that cross-posting a popular tweet into other conversations boosts it further. The hot topic: health care reform of course. My…
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QuickBooks accountant fees
Business owners using the world’s most popular small business accounting platform naturally want to know the price of professional support. While today’s online accounting significantly reduces the manual labor cost, these is always some requirement for skilled personal support. I am revisiting the topic now because I wonder about resetting my own fee structure: both…
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Graham-Cassidy impact on small business benefits planning
I spent much of the past week lobbying against the Graham-Cassidy bill on moral grounds. Yesterday I took time to consider the tax planning impact. Today I am considering the impact this bill, if passed, would have on small business employee benefits practices. I conclude that the impact would be immediate and dramatic. These are…
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Shocking Legislative Scam Proposed by Senators; Endorsed by President
Is is shocking and horrifying to read that 48 United States Republican Senators and the president of the United States have pledged their vote to a secret proposed legislative scam known as the ‘Graham-Cassidy bill’ that: They have not seen or read Is not available in written form for public review Can only be passed…
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Ducks in a row
I spent some time this weekend getting my ducks in a row, quite remarkably, pertaining to open land preservation that is most likely to be known as a duck habitat. This area along the Delaware Bay was once famous for it duck populations. Now we have only a small fraction of that peak population. Duck…
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Single payer health care on the rise
We see fresh indications that public and legislative support for a single payer health care system are on the rise. Bernie Sanders is one of a growing number in Congress who support the HR 676 “Medicare for All” bill this week. A long list of Democratic Congressional representatives co-sponsored the House bill. The president even took time…
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Retirement saving basics for small businesses
Most working people today say that they expect to continue working past age 65. Yet the real world statistics tell a different story. At least half of us end our working career sooner than we expected, usually for medical reasons. My two related comments to small business owners are: It is simple and inexpensive to…