Category: Accounting
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Updated professional payroll services agreement (New Jersey)
I am adding two new small New Jersey organization payroll services this week so it was appropriate to review and update my generic payroll service agreement. This confirms that I offered to establish and administer payroll services for xxxxxxxxxxx. Payroll service includes the following: Timing: The service will start within 1 to 2 business…
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2021 New Jersey election: what it means for our small rural depressed communities
30 days from today is the New Jersey election. The anti-incumbent feeling is strong, as usual, but not strong enough to really make a difference. I’ve come to conclude over the years, sadly, that almost nothing at state level elections has much impact on our lives locally in rural South Jersey. Many of our local…
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NJ election campaign committee no fee banking services
Purpose This page is meant for candidates for political office who elect to use my no fee services as a volunteer campaign committee treasurer. This is not meant for candidates who pay for services. (If you are paying for campaign banking services then you can design banking services however you want). The service is designed to…
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Updated checklist of nonprofit business support services
Thanks to peers this past week, this is an updated list of nonprofit business support services in PDF format. This version is dated 10/28/2021 and includes expanded discussion of an approach to budgeting methodology for external accounting services. Additional periodic revisions are likely as regulations, technology and industry practices evolve.
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Revised ‘Best Practices’ in accounting services engagement agreement
I revised the Best Practices section (the wordy section) of my engagement agreements effective September 1, 2021 with a number of small changes but the major change is meant to accommodate the growing portion of clients who prefer an ongoing service agreement rather than repeatedly starting and ending shorter duration services. As before, a sample…
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Small business workload shock hits home
Managing my workload now as a small business service provider is unlike any challenge I’ve faced before in my work career. I hear the same from my accountant peers. Some days it seems like I just go from one life emergency to another life emergency, never even reaching normal work tasks. I find it almost…
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Is dumbing down curriculum our only hope?
The field of accounting is losing CPAs at an alarming pace. The statistics are disturbing. Older practitioners are still working well beyond their planned retirement age and younger candidates are choosing to bypass the rigorous professional training. I’ve been involved with NJCPA’s student outreach efforts and I can confirm that in my experience, students are…
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Taxation of accounting services
Some states are likely to propose taxing professional services including accounting services. Proposed legislation to tax professional services will likely be introduced later this year in California, Connecticut, Illinois, Kansas, Maryland, Pennsylvania, Rhode Island, Virginia, and Washington. The probability that these proposals will become law is unclear. Other states including Colorado, Minnesota, Nebraska, Oklahoma, Texas,…
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Four keys to successfully suing your accountant
We sometimes hear about cases where a lack of application of professional standards by an accountant causes problems. Sometimes things do not go as was hoped, just like any other business. If you believe that your accountant is legally responsible, consider these practical points. First, there must be substantial actual damage. In many cases, damage…
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States That Don’t Allow Credit Card Surcharges
At this time there is only one US territory and four states that don’t allow credit card surcharges. In the following jurisdictions imposing a credit card surcharge is still illegal:Puerto RicoColoradoConnecticutKansasMassachusetts In the following states, anti-surcharging laws remain on the books but are unenforceable due to court decisions: CaliforniaFloridaMaineNew YorkOklahomaTexasUtah Anti-surcharging provisions may still exist…