Category: Small Business
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CPA-prepared financial statements
A question came up from a small nonprofit business client yesterday for the second time this month. The request was to produce a financial statement for the client’s Treasurer. I found myself thinking about the best words to use to clarify my position. I want to help by making this an easy and seamless process…
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It’s time for a fresh look at computer backup
I revisit this topic of data backup occasionally and I think you should too. The simple question is ‘What’s the best way to keep my digital data safe from disaster?‘ The conversation involves several steps. First, it is important to recognize the range of risks. It does no good to have a backup system that…
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It’s not too late for professional tax filing services!
It is still possible to get fast and efficient late season tax services with the full professional attention that your important tax and financial details. I reserve some time late in the season to accommodate new clients and, in fact, this has become a primary marketing tool of my tax practice. Timing: I offer a…
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The latest on internet security
I’m disappointed with the reporting of internet security issues this week. This divisive world of fake news the latest political action and public reaction only muddies the core issues. It appears that few news reporters and even fewer readers have an understanding of the issue. Overall, it seems fair to say that there has been…
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Allowable discrimination in small business operations
There are no legal protections from discrimination in service based on political affiliation or expression A story in the New York Post raises an interesting legal point about allowable discrimination in small business management. When discussing the topic of discrimination in a small business setting it makes sense to first recognize the terms “legal discrimination and…
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Receivables management for small businesses
I spend a quarter to a third of my work time in some function related to collection of fees. It’s a shame because I would rather spend my time doing what I do best – putting more money into the checkbooks of my clients. But of course getting paid for my work is a critical part of…
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NJ Attorney / Law Firm Directory of CPAs
The New Jersey Society of Certified Public Accountants (NJCPA) is looking into putting together an online attorney/law firm directory accessible to Society members. CPAs often request attorney referrals on a peer-to-peer basis or from the Society staff members. A directory might help make this search process more efficient. I am often surprised by the difficulty…
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Novak’s small business health plan bibliography
This is an annotated list of articles and blog posts on the topic of small business health planning and related tax issues. I expect that these issues will be important in the upcoming tax filing season and apparently few other resources are available at this time. Some of the articles are meant for small business owners…
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Public relations strategy
These strategy tips come from CPApracticeadvisor. Develop a press list Have a press page to your website Make news: use prweb.com, prnewswire.com, or newswire.com Have sound bites ready: 10-seconds for TV and 30-seconds for radio Share expertise connected to news
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The second largest threat to Pennsylvania small business
Let’s be clear: Legal and illegal immigration accounts for a huge part of the region’s economic progress. The difference between legal and illegal immigration in our region is not “border jumping” but expired visas – just paperwork that the federal government need to fix. Most undocumented workers came here legally and continue to support our…