Knowledge and Insights: Newsletters

National Financial Literacy Month – Building Your Toolkit!

We know it’s a touchy subject, but let’s talk about money! Want to know your financial literacy score? Take our short, 10-question quiz where you’ll be able to see how financially literate you are. Do you have what it takes to get a perfect score? Click the image below to take the quiz and feel…

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Thoughts on Cyber Threat and Business Continuity Management

Evolving technology is affecting every organization.  We’re able to gather, evaluate and use information at a pace never before seen. The integration of global computer networks has removed past barriers to sharing information. “The cyber ecosystem (like natural ecosystems), comprises a variety of diverse participants – private firms, nonprofit organizations, government entities, individuals, processes, and…

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The Dollars and Sense of Royalty Audits

Is the recapture of unpaid royalties worth the time, effort and expense that comes with an audit? As revenues are increasingly generated from licensing agreements, licensees continue to incorrectly report royalties and underpay royalty payments owed. Incorporating license management, specifically, royalty audits, into your compliance program can result in increased profits, risk mitigation and stronger…

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Taxpayer Guide to Identity Theft

We know identity theft is a frustrating process for victims. The IRS is taking this issue very seriously and continues to expand on their robust screening process to stop fraudulent returns. What is identity theft? Identity theft occurs when someone uses personal information such as your name, Social Security number (SSN) or other identifying information…

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Employer 401(K) Plan Remittances – How Much Time & Risk Do You Have?

When an employer sponsors a defined contribution retirement plan, such as a 401(k), it is providing employees with a great opportunity to save for retirement.  In most cases, employees are allowed to defer a certain amount or percentage of their pay from each paycheck to contribute to the retirement plan. Although withholding and remittance of…

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Contemplating a Move to a State with Lower or No Income Taxes? Don’t Pack Your Bags Yet

Taxpayers of high-tax states often contemplate relocating and establishing their domicile in a more tax-friendly state.  With the latest tax act and the maximum federal deduction available for state and local taxes capped at $10,000, many more taxpayers are posing this question and exploring a strategy to change their domicile.  The strategy and success of…

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New Jersey Enacts New Income Tax Exemption for Veterans

You may qualify for a $3,000 exemption on your New Jersey tax return if you are a military veteran who was honorably discharged or released under honorable circumstances from active duty in the U.S. Armed Forces on, or any time before, the last day of the tax year 2017. You will be able to add…

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The IRS TE/GE Office 2018 Work Plan

The IRS Tax Exempt and Government Entities (TE/GE) Office recently issued its fiscal year 2018 work plan. The plan outlines the issues the IRS will focus on as well as the efforts and initiatives they intend to follow in the coming year. The following summarizes highlights of the work plan and its parts. Exempt Organizations…

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Assessing Internal Controls

Every organization needs internal controls to safeguard its assets, assure its accounting data is accurate and reliable, promote operational efficiency and encourage compliance with its prescribed policies and procedures. The start of a new year is a good time to take a fresh look at these controls to see how they measure up. A good…

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How to Increase Your Business Value Using Value Drivers

A fundamental aspect of a successful business exit is assuring that your business has enough value to allow you to exit with financial security. This, coupled with wisely invested non-business assets, gives you the best chance to pursue the Exit Path you want on the timeline you want. Obtaining a proper, professional business valuation is…

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