Knowledge and Insights: Newsletters
Make a List, Check it Twice, and Stick to it!
Setting a budget for holiday shopping is essential to avoid overspending, especially when it comes to utilizing credit cards. The debt you rack up can take months to pay off. Remember, the money spent on credit cards is not free money and, if not paid off within the billing cycle, interest continues to accrue. If…
$tressed Out in the Workplace
Most people understand that there are only so many hours in the week but are surprised that surveys show 20 hours of productivity are lost per month for financially stressed employees. When the surveys were first done in 1979, 10% of employees reported decreased productivity because of financial stress. Now, that number exceeds 25%. A…
How Nonprofits Should Manage Risk
Given today’s fast-paced environment and the significant social, technological and regulatory changes that have occurred over the past few years, nonprofit organizations are subject to a myriad of risks. As a result, it’s more important than ever to identify your organization’s risks and develop a risk assessment work plan to address and mitigate them. Risk,…
Is Your Local Government in Compliance with Finance Notice 2014-13?
In August 2014, the Division of Local Government Services, Department of Community Affairs, State of New Jersey (DLGS) issued Local Finance Notice (LFN) 2014-13 as a reminder for local authorities and fire districts to be in compliance with New Jersey Administrative Code (N.J.A.C) 5:31-7.6. N.J.A.C 5:31-7.6 requires all local authorities and special districts, including fire…
HIPAA and the Risks with Contractors
Most public, private and governmental entities are well aware of their responsibilities, as covered entities, to protect health records and certain personal information. They have identified their areas of risk and have put systems and processes into place to mitigate the risks and potential threats to the security of this protected health information (PHI) within…
Relief For Small Business Retirement Plan Filing Penalties
The Internal Revenue Service began a one-year pilot program last June to help small businesses with retirement plans that owe penalties for not filing reporting documents. By filing current and prior year forms during this pilot program, they can avoid penalties. The IRS is reaching out to certain small businesses that maintain retirement plans and…
Writing A Successful Business Profit Plan
Now more than ever, clients are reaching out to us for advice on how to create successful business plans that will consistently drive profits. Many thriving businesses begin with someone’s great idea for a product or service. While that first inspiration is critical to any successful company, it is also advisable to have a solid…
Paying for College? It’s Never Too Early or Late to Plan
As the weather turns cooler and leaves change color, we reflect back on the joys of summer vacation and look forward to next summer. Back-to-school brings the familiar routines of homework, school sports and other extracurricular activities. For parents of some high-school students, however, it also brings question- and decision-time about college: where to apply;…
Are You Subject to FATCA?
It’s a fact – FATCA is here. What is FATCA? How does it impact you or your company? If FATCA does apply, are you or your company compliant with its various requirements? These are just a few of the questions that individuals and companies must address as they relate to the provisions of FATCA, short…
The U.S. Ranks Number Nine in Financial Literacy
The Organization for Economic Co-operation and Development (OECD) has released the statistics on the Program for International Student Assessment (PISA) which surveyed students in 18 countries on their knowledge and skills in dealing with financial issues. The OECD reports, “PISA included an assessment of students’ financial literacy – the first international survey of its kind.…