• How to Scale Internal Controls as Your Company Grows

    Internal controls checking balance sheet reports

    Most entrepreneurial efforts are boiler room operations at their earliest layer.  The principals are usually friends or close business associates, so there’s a lot of trust and excitement. And those early days are often very informal when it comes to keeping track of what’s coming in and going out. But the early days are when…

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    Tried and True Tips for Fixing Your Business’s Cash Flow Problems

    Cash flow concept image

    Money waxes and wanes.  Like the tides, it comes in and goes out and sometimes, the tide leaves you high and dry – just surviving. Cash flow problems are a normal phenomenon when you’re doing business.  But you can fix the problem with some smart tweaks to stop them having their way with your business.…

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    The True Cost of Hiring an Employee in 2018

    Adding an employee to building blocks

    Retention is a big issue these days.  One of the reasons being that this market is heavily weighted in the employee’s favor.  Another is that when an employee leaves and a new employee is onboard to fill the position vacant, it’s one heck of a big investment of both time and money. And there are…

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    New Jersey Bookkeeping Basics: 6 Key Financial Terms Everyone Should Know

    Bookkeeping and accounting terms

    So, you’re not a bean counter.  That’s OK.  It’s not like everyone can be like the financial wizards at Norton! No one is born knowing everything and sometimes, the language used in the world of finance can be bewildering – even alienating. In this episode of New Jersey Bookkeeping Basics:  6 key financial terms everyone…

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    Can You Deduct Cell Phone Expenses for Your Small Business?

    Cutting expenses with scissors

    Cellphones have been the subject of uncertainty on the part of the IRS for some time, now.  Originally falling under the category listed property they were deductible, but with rigorous reporting provisions on the part of the Agency. But in 2010, cell phones were removed from listed property under The Small Business Jobs Act.  Expenses…

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    New Jersey Bookkeeping Tip: Things You Need to Know About Robo-Advisors

    Robo-advisor analyzing graph

    Robo advisors may seem like a futuristic way to invest your money, but they’re quite practical.  If you’re an investor who wants to avoid the high price of a human advisor, a robotic one would seem to be just the ticket. We’re offering this New Jersey Bookkeeping tip:  things you need to know about robo-advisors,…

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    W-2 vs W-4: What’s the Difference and When to Use Them

    w-2 versus w-4 tax form

    Taxes.  They can make your head spin.  And one of the most challenging features of the US taxation system is the fact that things can change in a heartbeat. If you’re new to doing business taxes, you can often feel like Dr. Livingston – hacking your way through the dense underbrush using only a machete. …

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    Small Business Tax Preparation Mistakes to Avoid from the Pros

    Tax preparation

    When it’s time to get your taxes in to the IRA, all your hard work over the year can come to naught in the heat of the moment. When you’re under intense pressure mistakes happen.  But they needn’t. We’ve compiled these small business tax preparation mistakes to avoid from the pros.  These are key areas…

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    QuickBooks Online vs Desktop: Which Is Right for You?

    Questioning which QuickBooks version is best

    In a recent post, we discussed the fact that QuickBooks for Mac’s desktop version is being phased out, effective May 31, 2019.  On that date, availability to tech support and other features for desktop users will no longer exist, as Intuit moves operations for that operating system to its cloud-based QuickBooks Online product. As for…

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    QuickBooks for Mac: Best Options in 2018

    QuickBooks for Mac

    Uh-oh!  QuickBooks for Mac is being discontinued.  For those of you using QuickBooks for Mac 2016 (the most recent version), you’ll still be in business until May 31, 2019.  After that, you’ll need to make a change. QuickBooks moves online at that point, with Simple Start, Essentials and Plus versions to choose from.  So, don’t…

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