The federal Tax Cuts and Jobs Act, which represents the first major U.S. tax code overhaul in 30 years, seems to provide small businesses everywhere with a break on their taxes. For NJ business owners and managers, it’s critical to understand how the new mandates will affect your organization. Pass-through business deduction Pass-through companies account for […]
Small Business
Tax reform 2018: What you need to know now
Congress has ushered through the biggest tax reform law since 1986, when President Reagan signed major legislation for corporations and individuals. The new law will affect the way you, your family and your business calculate your federal income tax bill — and the amount of federal tax you will pay. As we prepare for the […]
The best places to “park” excess company cash
Business owners face a constant balancing act when it comes to deciding how much cash to keep in their everyday checking account. On one hand, the money in these accounts is available in case of an emergency or unexpected business opportunity. However, federal law prohibits banks from paying interest on business accounts. Congress often discusses […]
Tax reform opportunities to consider as 2017 winds down
Congress is enacting the biggest tax reform law in 30 years — one that will fundamentally change the way your federal income tax bill is calculated. Since most of the changes will go into effect next year, there’s still a narrow window before year-end to soften or avoid the impact and best position yourself for […]
6 ways to prevent tuition reimbursement fraud
Every company’s been stepping up its benefits game to attract great hires. Tuition reimbursement pays you back two ways — it’s a high-value perk for job seekers, and investing in employee educationand training is crucial to your organization’s long-term success. However, these programs can also pose a fraud risk in ways that might surprise you. For […]
Client Accounting Services 101: The secret to working ON your business rather than IN your business
You’re probably familiar with the business-owning wisdom of author Michael Gerber — that entrepreneurs build enterprises while technicians build jobs. And most fail because they spend too much time working in the business rather than on it. The day-to-day operation of a business is a handful, especially if you’re hands-on doing the grunt work or supervising […]