Business
SBA Provides Guidance on How it Will Review Borrowers’ Economic Necessity Certifications
On May 13, 2020, the SBA updated its Frequently Asked Questions, adding Question 46 which provides some guidance on how the SBA will review borrowers’ economic necessity certifications. There is good…
Continue ReadingPaycheck Protection Program & Health Care Enhancement Act Details
The latest coronavirus funding bill, officially known as H.R. 266 “Paycheck Protection Program and Health Care Enhancement Act,” was signed by President Trump on Friday, April 24, 2020, after being passed…
Continue ReadingThe Benefits of Outsourced Accounting
Outsourced accounting strikes some as risky – the financial equivalent of letting the valet park your car or someone else watch your kids. They don’t care the way I do. They’re too removed to spot…
Continue Reading3 Tips for Choosing a Business Entity
Entrepreneurs face formative decisions daily, but one decision in particular has serious implications for the future: choosing a legal structure, also known as a business entity. This decision determines…
Continue ReadingEmployers Can Fund Workers’ Individual Plans Under New Rule
More employers will be able to give workers cash in lieu of health insurance because of a rule change that takes effect at the start of 2020. As of Jan 1, any employer can give employees pretax compensation…
Continue ReadingQualified Opportunity Zones: Guidelines for Developers
Congress designated Qualified Opportunity Funds in 2017 with a win-win goal: To spur growth in 8,700 distressed communities, known as Qualified Opportunity Zones, via investment vehicles offering attractive…
Continue ReadingMergers & Acquisitions Trends
If you’re noticing an uptick in mergers & acquisitions (M&A) activity, you’re not alone: 79% of respondents in Deloitte’s annual survey anticipated an increase in M&A transactions in 2019 – up from…
Continue ReadingPopular Accounting Apps for Your Business
Here are the most popular apps on the most popular accounting software app marketplaces: Intuit’s QuickBooks App Store, Xero’s App Marketplace, and the Sage Intacct Marketplace. From Intuit’s QuickBooks…
Continue ReadingNJ Paid Sick Leave Law goes into Effect Oct. 29Th
The New Jersey statewide mandatory paid-sick-leave law will go into effect on Oct. 29. Once effective, it will require New Jersey employers of all sizes to provide up to 40 hours of paid sick leave per…
Continue ReadingNew Jersey Issues New Rules on Salt Workaround
The state Division of Local Government Services adopted regulations to implement a “SALT” deduction workaround that Gov. Phil Murphy and U.S. Rep. Josh Gottheimer (D-N.J.) introduced earlier this year…
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