Category: Small Business
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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…
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Contact and calendar management
revisiting issues with Outlook, Gmail, LinkedIn, iPhone I spent some time this morning reviewing the most basic technology tools for a business person: contact manager and calendar. I’ve gone back and forth between Google and Microsoft several times and finally settled on a Microsoft Office environment using Outlook last year for the reasons outlined in…
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HRA or HSA
comparison chart of Medical Savings Accounts, Health Savings Accounts and Health Reimburesement Accounts
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Save money on small business payroll processing by removing bundled fees
A no-load approach to small business payroll In the “old days”, small business payroll services were priced based on a formula that was a bit complex. Factors like frequency of payroll, number of employees, type of pay, benefits, and local taxes all factored into the cost. Year-end ad ancillary services were typically priced separately. To me,…
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A tale of two tax penalties
A small business client – a small charity – had an open wage tax penalty issue when I started working with them three years ago. I looked into it, got the amount decreased by a little bit and advised them to pay it ASAP. Then over the next two years they received two more tax penalty…
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CPA sends ultimatum to small businesses
I regret that had to send a few small business clients an ultimatum this morning over what appears to be an unwillingness to address new tougher IRS tax filing requirements. This follows after I notified clients of the new filing requirement a few months ago, offered to handle the flings, but they declined. While the business tax…