On March 18, 2023, Magone & Company Managing Partner Nick Magone will be honored as Man of the Year by the Milan Soccer Club of New Jersey. This nonprofit organization provides youth soccer development programs that foster teamwork, social development and respect. As a first-generation American, Nick is proud to be recognized for his contributions […]
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Operating Challenges: Clogged Supply Chains and Higher Costs of Doing Business
Most business leaders expect revenues to rise throughout 2022, despite serious challenges. The COVID-19 pandemic is winding down, but still interrupting supply chains. Energy prices are increasing, partially because of the Russian-Ukrainian War. Inflation is rising, and taming it may involve some economic pain for everyone. Yet despite all this, there is good news. Growth […]
The Right Time to Build a Banking Relationship? Right Now
If you think about it, running a business is largely about building relationships. And establishing a solid banking relationship is one of the most critical moves you can make as a business owner. When is the appropriate time to begin forming this relationship? According to CPA Nick Magone, Managing Partner of Magone & Company, “Immediately […]
Return to the Office: Managing Employee Pushback on In-person Work
The pandemic fueled a massive work-from-home trend that many non-essential businesses have maintained for the past 18 months or more. But despite the current surge in COVID-19 cases, more and more employers are asking employees to return — causing a fair share of anxiety and fear, especially among the unvaccinated. As employers receive pushback from their […]
Just Married? Financial and Legal To-dos for Newlyweds
Wedding season is upon us. September and October are typically the most popular months to tie the knot. And despite the pandemic still raging in many parts of the country, the wedding industry is forecasting a temporary boost in revenue, with the number of fall weddings scheduled already close to pre-pandemic levels for now. Many […]
IRS Installments Agreements — When You Can’t Pay Your Taxes in Full
Despite the IRS being slammed right now due to the pandemic, millions of Americans still owe back taxes for previous years. And they are increasingly finding themselves unable to pay up all at once. An installment agreement is just one of many tax relief options that may help you settle with the IRS or lower […]