Category: Small Business
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Evolution of accounting support services
This message being delivered to post-tax season clients starting today: “My business, like yours and almost all other small businesses and nonprofit organizations, is moving through a period of rapid change in what is being called the “new normal”. In short, we need to ‘step up our game’, gain efficiencies through better use of technology,…
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Main Street Lending Isn’t Happening; What’s Next?
News Update Two days ago I published a Q&A format summary of the new Main Street Lending Program, a potentially huge program that was authorized by Congress as part of the Cares Act. My writing ended with an optimistic position that the program might eventually be leveraged to finance trillions of dollars of loans across…
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Main Street Lending Program Q&As
I’ve received a lot of questions about the new Main Street Lending Program. This post is meant to provide general non-technical information as a starting point in evaluating whether the program may work for your business. What is the Main Street Lending program? A program established by Congress run through the Federal Reserve offering loans…
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A Fresh Look at Electronic Fund Transfer Payments
In a perfect world, we should be able to “click and pay” anyone, anytime, securely, and at a reasonable fee. That would be true for businesses as well as individuals. The advancement of technology has enabled that process. However, the evolution of EFT processing in combination with other financial services has muddies the waters to…
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Average New Jersey tax preparation fees in 2020
THIS PAGE IS OUTDATED. FEES ARE SIGNIFICANTLY HIGHER NOW. SEE SOUTHJERSEY.CPA/PRICING FOR CURRENT PRICING 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…
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PPP agent blues
More than two months ago on LinkedIn I posed a summary of the problem that Wells Fargo small business clients were locked out of the PPP program. I don’t know why so many small nonprofits use Wells Fargo, but they do. As an agent who handles transactions for several of these, it was perplexing. An…
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29 “Five Star” online reviews! Thank You!
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…
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Summary of the HEROS Act
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–…
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I love Powermatch! Thanks Ashley, Seth, Michele and Joel!
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…
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My PPP small business scorecard
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…