What is Forensic Accounting? Everything You Need to KnowAugust 15, 2019

There are 3,483 forensic accounting offices in the US. In 2018, it was a $4 billion industry. Thanks to an uptick of fraud happening to businesses, forensic accounting continues to be a growing business. In fact, most businesses lose around 5% of their total revenue each year to fraud. Small businesses with fewer than 100 employees are particularly vulnerable. …

Are Your Federal Tax Withholdings Accurate?August 8, 2019

It’s in the books—the first tax season under the Tax Cuts and Jobs Act of 2017, that is. We knew a lot of what to expect from the new tax law, but one aspect that upset many taxpayers was the epic failure of the updated withholding tables. In other words, employers didn’t withhold enough. So …

How to Make Your Seasonal Income Last Through the WinterJuly 10, 2019

Business cooling off and heading into the off-season? Worried if you’ll pull through the long winter? Use these suggestions to stretch your seasonal income. Tourism is a major economic engine throughout the state, generating over $41 billion in 2016, with growth expected through 2021. This growth isn’t limited to the Jersey Shore, either. Passaic and Mercer Counties …

Why Do People Change Accountants?July 8, 2019

You may not realize it, but a reliable accountant is one of the most important people in your life. Having an expert whom you can trust with your finances and, in turn, your future, enables you to make better decisions around taxes, assets, investments and business. It can take time to find this trusted advisor, …

Doing More with the SameSeptember 6, 2017

By: William C. McNamara, CPA, CCIFP®, The Curchin Group, LLC Article Credit: Utility & Transportation Contractor Magazine Doing more with the same is one of the fastest ways to improve efficiency and profitability. In some form or fashion every contractor understands this premise as it relates to the job site. But the same principle can …

How to Build Value in Your Family BusinessAugust 16, 2017

How to Build Value in Your Family Business

By: Roy Kvalo, CPA/ABV/CFF, CVA Of course a family business owner wants their company to be valuable – to their family, their clients, and the community. And while the possibility of selling the business typically forces the owners hand in pinpointing its value, it makes sense to think about this now and periodically in the …

How Key Advisors Can Work Together to Benefit the Family BusinessAugust 10, 2017

How Key Advisors Can Work Together to Benefit the Family Business

If your family business has achieved any measure of success, you already know that it couldn’t be accomplished without the assistance of one or more trusted business advisors, such as an attorney or a CPA. To ensure continued success for the next generation and beyond, your key advisors should be called upon to work together …

Succession Planning for Construction ContractorsJuly 27, 2017

Succession Planning for Construction Contractors

Construction contractors are among the hardest-working professionals in the workforce. Between the physical labor and the organizational demands of running your business, succession planning can easily fall by the wayside if you don’t make a concerted effort to plan for the future. The construction industry is also changing dramatically due to politics, adding yet another layer …

Considerations for Family BusinessesJune 6, 2017

By: Lynn A. Conover, CPA, CFBA, The Curchin Group, LLC Article Credit: Shore Builders Association Bulletin Board Magazine Family businesses are found in virtually every sector of the world’s economies. In fact, they are considered the most common form of organization. A family business can range from a small mom and pop business to large …

Will Small Business Owners See Relief in Tax Reform?March 8, 2017

By: Peter Pfister, CPA While President Trump and Treasury Secretary Steven Mnuchin continue to push for sweeping tax reform, small business owners anxiously await the relief that could be on the way. Either Trump’s plan or the House Ways and Means Committee’s “Blueprint” would offer significant benefits to America’s 28 million small businesses. Trump recently …