29 “Five Star” online reviews! Thank You!

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

I started a new small business accounting firm in Millville NJ this past January and got moving just before this shutdown craziness hit us. Tough timing for sure! I know it’s important for a new business to collect client endorsements but there’s been little time for that yet. Even so, I am grateful to have […]

Change to client services agreement

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

This is a template for a new letter to be used beginning today: CHANGE TO CLIENT SERVICES AGREEMENT The past six weeks have been unlike anything I’ve experienced in the past 33 years of serving in the advisory profession. I responded by increasing my average daily client caseload from 3 to 5, increasing hours and […]

Still don’t have a financial plan?

Posted Leave a commentPosted in Financial Planning, Self-employed, Tax Planning

This blog post is a reprint and revision of an article originally posted in 2011. The current pandemic underscores that many people, including many of my small business owner clients, do not have access to any type of financial planning document to serve as a basis of strategy, communication and decision-making. I’ve recently decided to […]

Three simple steps to tax nirvana

Posted Leave a commentPosted in Financial Planning, Tax Planning, Taxes, Wealth Management

Taxes are perceived differently by each individual even though the overall set of chaotic rules is the same for all of us. Yet when it comes to dealing with that chaos in a manner that leads to peace and prosperity, the process always involves the same three steps: Resolve past problems. Old issues don’t go […]

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 […]

A primer on the China tariffs

Posted Leave a commentPosted in Financial Planning, News and Politics, Taxes

What do you need to know as a consumer about about the China trade tariffs that starts today? This is a short bullet point summary. Legal background Tariffs are taxes authorized under Title 19 of U.S Code in 1930. The tax is based on Constitutional authority “The Congress shall have Power To lay and collect […]

Legal advice by an accountant

Posted Leave a commentPosted in Financial Planning, lawyer, Legal

Avoiding the unauthorized practice of law I have added this clause to all engagement agreements for clarity on making distinction on the issue of authorized and unauthorized practice of law. Legal advice Advice regarding business strategies may involve an application of general principles of business law but my services do not extend to the actual […]