Category: Small Business
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My NJ county, named an obstructor
This post is prompted by the U.S. Department of Justice issuance of a new announcement that our Cumberland County, New Jersey is named as an obstructor of ICE efforts. I am proud to be among the obstructors. I have been unintentionally caught in the middle of this immigration paperwork issue for more than three decades,…
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Tariffs refunds?
My firm does not handle importers or deal with tariff issues but I am curious about how recent legal news will affect small businesses and consumers.
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Using Social Media with Purpose
Most of my friends, clients, and family avoid social media altogether. Just this weekend, a neighbor reaffirmed this sentiment, saying she intends to stay off social media entirely. That stands in sharp contrast to my early adoption nearly 20 years ago, when I actively promoted social media use within our local community associations. A lot…
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Who wins and who loses under the new IRS?
The IRS is reducing its work force, adding new AI enforcement tools, while the Criminal Investigation division is shifting its resources, agents, and focus from the nearly $700 Billion small-business tax gap enforcement to combating border-related crimes. Without the threat of criminal prosecutions, the behavior of other taxpayers is likely to shift. While there is…
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QuickBooks and Mailchimp integration in microbusinesses and small nonprofits
Intuit, the owner of QuickBooks, acquired Mailchimp in 2021. Since then, the firm encouraged its Proadvisors to boost their knowledge of the integration between the two platforms. I spent some time learning but have not found it so effective for my businesses, my clients, or associated nonprofits outside of periodic newspaper use. (That is another…
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AICPA update: relevant for us?
The new head of the AICPA, Mark Koziel, shared his thoughts about the profession. These are not issues that have much affect sole proprietor firms like mine serving the small business market. Still, I pay attention to understand larger industry trends. A few takeaways:
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38 years of small business struggle
In February 1987 I left one of Wall Street’s richest and most successful firms of that era, Drexel Burnham Lambert, led by junk bond king Michael Milliken, because I saw how this was destroying middle income Americans, small businesses, and our local towns. I set up a company Freedom Benefits that eventually became an early…
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After-the-fact payroll 2025
After-the-fact payroll is common necessity in micro-businesses doing late tax planning. There are a few points that complete the process easier.
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Will AI catch up to the speed of life?
Some in the advisory fields are raving about new AI research tools. I have yet to be convinced of their real value in my life. A few days ago I noticed an issue with workflow using Perplexity AI Deep Research. I was answering a client’s email in the early morning where he made a strange…