Category: Small Business
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Reflections on the standard of professional skepticism
One of the very few things I personally dislike about being a CPA is a requirement known as “professional skepticism”. As much as my innate personality leads me to act in the role of an optimist, a cheerleader, supporter and an eternal promoter of general positive thoughts, the professional responsibility requires me to objectively weigh…
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Summary: where do we stand with 2018 health plans?
UPDATE 8/17/2017: Yesterday the Trump administration announced that it would not follow through with the president’s political threat to cancel insurance company subsidy payments. That appears to add stability to the markets and allows small businesses and self-employed individuals to be more confident in health care planning for 2018. With all the recent political posturing, it…
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How to establish a ‘No hate’ policy for your organization or small businesses
updated July 19, 2017 We’ve reached a point in our national discourse when it has become clear that even small organizations and business owners may need to establish clear anti-hate policies for employees, customers and visitors. While there are no standardized procedures for this process, this blog post suggests a few points to get started.…
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Small Business Payroll Services
I see plenty of room for improvement is small business payroll processing. About 2 in 5 of all small businesses eventually wind up with problems and penalties due to payroll tax errors. The issue can usually be avoided by ensuring that service is provided by a reputable payroll service that is supervised by a responsible…
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How to cope with threatened sabotage of health care financing
Three strategies for small business health plans On Friday July 28 and Saturday July 29 president Trump and his press spokesperson made a series of statements indicating that he planned to sabotage a financial pillar health care system by revoking government funding for the insurance premiums working class people. The president’s actions are admittedly motivated by politics.…
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A plan to use Twitter for business
I recently committed myself to explore and develop a plan to use Twitter in my business. Like most small business people, I have a Twitter account and use it without a specific plan or goal. As a result, Twitter does not contribute to my business results. The plan to change that is simple and straightforward.…
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AICPA praises small accounting firms
The American Institute of Certified Public Accountants published an article praising small CPA firms: “small firms serve their clients in ways that often go beyond the books. Small firm practitioners act as the volunteer treasurers of thousands of nonprofits, and lend a hand to a variety of religious organizations, community teams and clubs. Their practices…
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Small business online security update
I attended another online security program last week at the New Jersey CPA convention. This remains a topic of major concern for all types of technology users. My focus is on practical solutions for small business user issues. Yesterday an alarming show on National Public Radio reinforced the conclusion that these online security problem issues…
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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…