My unlikely ramble into national politics

Posted Leave a commentPosted in Accounting, New Jersey, News and Politics, Small Business

A reflection on my unlikely journey from neighborhood flood response to construction techniques to national politics. Before 2016 I was not personally active in politics. Yet as a small business owner I financially supported a number of candidates in both parties, typically in small dollar amounts from $250 to $500 per campaign over several decades. […]

Income tax preparation services for 2019 returns

Posted Leave a commentPosted in Accounting, Taxes

CPA tax preparation services completed the easy, affordable and efficient way! This post covers: Why use a CPA Timing Pricing Communication How to Get started Certified Public Accountants in private practice, like me, offer a high level of service for the preparation and filing of annual income tax returns. We handle a small number of […]

Big tax savings for New Jersey small businesses

Posted Leave a commentPosted in Accounting, Small Business, Taxes

Today New Jersey Governor Phil Murphy signed into law the Pass-Through Business Alternative Income Tax Act. This new law allows flow-through businesses in New Jersey to elect to pay income taxes at the entity level instead of at the personal income tax level. Since there is no limit on deductions on the federal level for […]

I don’t know politics

Posted Leave a commentPosted in Accounting, New Jersey, News and Politics

Lately a lot of people seem to want to talk with me about politics. That’s probably because I am the accountant or treasurer for politicians and politically-connected nonprofit organizations. I am polite when this occurs but really I don’t know anything about the topic and have nothing to contribute to the conversation. I try to […]

Worker classification status; proposed change in New Jersey

Posted Leave a commentPosted in Accounting, New Jersey, Small Business

This is how the so-called ‘ABC’ codification test may change for determining proper classification of independent contractors in New Jersey. Under current law, a worker can be classified as an independent contractor if: A. Such individual has been and will continue to be free from control or direction over the performance of such service, both […]

Fast paced change brings 2020 opportunities to small businesses

Posted Leave a commentPosted in Accounting, Financial Planning, Small Business, Tax Planning

After some tweeking (thanks to my peers for the crowd-sourced feedback!) this is the version of the email message that will be used this week: Dear _ : This past year brought more changes for small business owners than any other year in the past generation. This means new opportunities to save money but also […]

New strategy for serving nonprofits in 2020: the $1,000 benchmark

Posted Leave a commentPosted in Accounting, Nonprofit

In 2020 I will coach smaller nonprofit projects to organize without formal standards and use a $1,000 fee payment as the arbitrary benchmark at which it makes sense for me to get involved. I made a strategic error in the early years of my accounting business and am taking steps now to correct it. When […]