Average New Jersey tax preparation fees in 2020

Posted Leave a commentPosted in Accounting, Self-employed, Small Business, Tax Planning, Taxes

These are the most recent published average industry prices for tax preparation services in the state of New Jersey as of the date of this blog post. These are not my rates, although I do pay attention to this type of published data when calculating my own pricing. Individual tax returns Most individuals who do […]

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 […]

Summary of the HEROS Act

Posted Leave a commentPosted in crisis management, HEROS Act, News and Politics, Small Business

This past week the U.S. House of Representatives passed the HEROS Act that includes: – Money for city and state governments struggling to provide public services with the collapse in tax revenue– Hazard pay for front line workers– Virus testing, tracing and treatment– Second round of direct payments to citizens make up for lost income– […]

I love Powermatch! Thanks Ashley, Seth, Michele and Joel!

Posted Leave a commentPosted in Aquaculture, Business networking, Small Business

A huge thanks to Seth Goldstein, Michele Harris and Joel Payton for generously offering their time yesterday for an impromptu master mind brainstorming session. Also thanks to the always amazing Ashley Owens standing in as coordinator for Powermatch to pull it together. We met on Zoom for an hour Friday morning to bounce around ideas […]

My PPP small business scorecard

Posted Leave a commentPosted in Banking, crisis management, Small Business

I represented nine small businesses attempting for federal aid through the Paycheck Protection Program this past month. The circumstances and timing of applications vary. Some are for profit businesses and some are 501(c)(3) nonprofits. I am  applying as an owner, authorized representative, controller for some of the businesses. Others I am acting as accountant assisting […]

“I’m from the government and I’m here to help”

Posted Leave a commentPosted in crisis management, Government, Small Business

From the first day that we discussed coronavirus relief programs I emphasized the need for all of us to be wary of the claim “I’m from the government and I’m here to help”. Over the past seven years I’ve worked with well over one hundred clients hurt by superstorm Sandy but hurt even more by […]

How to compute the maximum amount of Paycheck Protection Program

Posted Leave a commentPosted in crisis management, Payroll, Small Business

On April 24 the US Treasury issued this guidance on how to calculate the maximum amount of loan under the Paycheck Protection Program. It would have been a lot more useful if was dated April 3, instead of April 24 but we have to complete the details now on how to compute the maximum loan […]

New Jersey political forecast 2020

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

Political forecasting is an important part of effective small business strategic management. This is a digest of the latest Politico “New Jersey Playbook” published Thursday 4/23 reporting on the latest Monmouth University statewide poll results: MARIJUANA: It looks like New Jersey will be legalizing marijuana. 61% in favor, 34% opposed. PRESIDENT AND SENATE: Biden leads […]

Status of Paycheck Protection Program application?

Posted Leave a commentPosted in Accounting, crisis management, Small Business

This comes from a real email exchange today: CLIENT: Subject: Re: status update on Payroll Protection Program Tony, I don’t believe I heard anything back from this? Has xxxxxx responded to our request?   ME: Correct. No response after initial confirmation of application more than two weeks ago. I did attempt to contact the officer who […]