Tony Novak CPA

Author: tonynova

  • Puerto Rico debt crisis

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    We saw the approaching Puerto Rico debt crisis more than 30 years ago. This is my story of how I worked on the project at Merrill Lynch in 1983.

  • Scams on Craigslist

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    The topic of Craigslist advertising has come in different discussions over the past few months. A marketing consultant suggested that I need to do it for our marina business. One accountant even suggested last week that he was getting work through Craigslist. I am skeptical since almost all of my past Craigslist experience involves scammers in one…

  • US issues ‘slap on the wrist’ to 16 responsible for bombing a hospital

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    Yesterday the nation’s highest ranking military leader, the Commander of the US Central Command, announced that 16 servicemen would receive what amounts to a slap on the wrist for errors they made in bombing a hospital operated by Doctors without Borders last October. 42 civilians were killed and even more injured in the attack. The…

  • Now that you’ve filed your tax return

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    Now that you’ve filed your tax return, here are three simple tips that can make the next step go smoothly: 1) The IRS does not call you to verify or request information before sending your tax refund. If you receive such a call it is a scam. 2) IRS will begin sending notices to many of…

  • Discouraged by NJ government corruption

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    I’ve faced resistance and retaliation stemming from my efforts to expose NJ government corruption and it is taking a toll on my business and personal life. It has been almost 10 years since I called New Jersey State Police in Port Norris to report receiving a death threat by telephone for my actions as a…

  • Small businesses may be falling behind in tax compliance

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    I noticed four trends among small business owners this past tax season: Asking for professional help too late. Clients ask for help or advice with taxes after year end but they have not maintained the appropriate bookkeeping records and compliance filings throughout the year. I found, for example, that plenty that did not track or prepare…

  • QuickBooks desktop error

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    Accountingweb.com carries a useful article today about one of the most common QuickBooks errors; one that drove me crazy when I used the desktop version of the software. However, the article skips over the most significant point, I think, in that this error is not an issue with the hosted version of QuickBooks. Regardless of…

  • What do Pennsylvanians think?

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    The exit polls taken by NBC News and reported by Wall Street Journal and others at today’s primary election may be the most comprehensive and insightful data we’ve seen in a long time. Some of the published results about what my Pennsylvania neighbors think is remarkable. Here are three exit poll results that caught my attention: 41% of…

  • We are all sinners and we are all criminals

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    It is interesting to note how we are so willing to admit violations of God’s laws (and admit that we are all sinners) and yet so unwilling to admit violating man’s laws (and admit that we are criminals). Yet every one of us, as far as I can see, is guilty of violating at least some…

  • Security issues of online accounting

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    This is the content of an email that I send to all clients: THIS MESSAGE IS FOR YOUR INFORMATION ONLY. NO RESPONSE IS REQUIRED. This message addresses online security issues related to our work together. There is no need to respond, this is just for your information. But if you wish to discuss any issue…