Knowledge and Insights: Newsletters

Self-employed (SE) individuals have the opportunity to create a nest egg while potentially reducing their current tax liabilities.  An added challenge to being self-employed is understanding the best way to save for retirement on your own.  Determining which specific self-employed retirement plan is the right fit for your needs, goals and circumstances is dependent on…

What is a health savings account (HSA)? A health savings account (HSA) is a savings vehicle established to set aside funds tax free to pay for health care expenses. HSAs, created as part of the Medicare Prescription Drug and Modernization Act of 2003, allow individuals who have high-deductible health plans (HDHPs) to save money for…

With another fiscal year-end (June 30th) in the rearview for the State of New Jersey’s Division of Pensions and Benefits (the Division), it is as good a time as any for plan members to brush up on their benefits. The Audited Comprehensive Financial Report for 2021 offers great insight into how members respective pension plans…

The Accelerating Charitable Efforts (ACE) Act is proposed legislation aimed at reforming the tax laws that cover charitable donations made by Private Foundations (PFs) and Donor Advised Funds (DAFs). The Act is supported by a bipartisan organization called The Initiative to Accelerate Charitable Giving, or IACG. One aim of the proposed legislation is to restructure…

It’s easier and less expensive to prevent corporate fraud and white-collar crime than to recover from it, or defend against it, after the fact. According to the Association of Certified Fraud Examiners (ACFE) 2020 Report to the Nations, organizations lose an average of five percent of their annual revenue to fraud each year. So, although…

Many emerging growth and middle-market companies stand to benefit from the expertise of an experienced financial and accounting professional but are hesitant to carry the cost of a full-time CFO or just struggle to fill that position.  Often, these organizations employ a bookkeeper and accounting personnel but lack a fully functional accounting department capable of…

The first quarter of 2022 was a reminder that there are times, though rare, when both the bond market (the “safe stuff”) and stock market can go down at the same time, as they grapple with the same host of emerging economic and geopolitical uncertainties. Heightened uncertainty creates challenging times for financial markets, a dynamic…

Did you know that there are over 2,500 nonprofits in Mercer County, New Jersey alone?  Given how many nonprofits are in our region, and that good nonprofit governance practices recommend term limits and board turnover, it is no surprise that nonprofits are in constant search of board members. Finding board members is not always easy…

The world has changed for all of us, but for inherently culture-oriented organizations, such as nonprofits, the change has been substantial. Nonprofits rely on human connection to build interest in mission-driven work. The human resources department functions like a control center for building a positive culture, communicating vital messages, and maintaining a healthy workplace. Without…

Unfortunately, only you can answer that question. According to WorldPopulationReview.com, in the United States 50% of you are choosing to leave him or her and for second or third marriages that increases to 60% and 73%, respectively. The Centers for Disease Control and Prevention (CDC) reports the national average divorce and annulment rate in 2019…