How to Round in New Jersey

How to Round in New Jersey

What happened to the penny bowl that used to be a fixture next to almost any business’s cash register?  Gone, now that the cessation of penny production has led to a penny shortage.  As a result, New Jersey now allows, but does not require, businesses to round up or...
I’ve Been Scammed

I’ve Been Scammed

With luck, those words will never leave our mouths.  The sad truth, though, is that crooks are getting smarter and it’s really hard to know what nefarious scheme they will come up with next.  If you find yourself a victim, can you claim any kind of tax deduction for...
Cannabis Industry Updates

Cannabis Industry Updates

The cannabis industry has come a long way in the last several years. Even though there are tax implications at the federal level as cannabis is still considered a controlled substance., there are now 38 states that have legalized cannabis/marijuana for medical and/or...
The Future of AI Technologies in Accounting

The Future of AI Technologies in Accounting

Merriam-Webster dictionary defines artificial intelligence (AI) as the capability of computer systems or algorithms to imitate intelligent human behavior.  A secondary definition is a branch of computer science dealing with the simulation of intelligent behavior in...