Nonprofit Reporting of Non-financial Contributions
Starting soon, the financial statements of nonprofit organizations will contain lots more information about the non-financial contributions they receive, such as fixed assets, materials, supplies, intangible assets and services. FASB ASU 2020-07 requires that:...
CASA Toy Drive
For years, our Team has adopted families for the holidays. This effort is always coordinated by Maureen Wild, who even happily shops for the non-shoppers among us. Last year we did something a little different and had a toy drive for the children served by CASA (Court...
Client Spotlight – Collins Iron Works / Dennisville Fence
There are few multigenerational business owners that have experienced the success and growth as have the Collinses from Collins Iron Works / Dennisville Fence and that can also pride themselves on all three generations having served for our country. After serving in...
The Rules of Escheat (the very opposite of cheat)
It’s never a bad idea to check with your state to see if there is any unclaimed property being held that belongs to you. The last time I checked there was $72 waiting for me, an uncashed check from Blue Cross. How did that check become unclaimed property and how do...
New Jersey Secure Choice Savings Program Act
In an effort to ensure more New Jersey private sector workers are able to contribute to a retirement fund, Governor Phil Murphy signed into law the “New Jersey Secure Choice Savings Program Act” on March 19, 2019. The program initially was to go into effect March 28,...
Incentives for New Jersey Employers and Workers
Incentives for New Jersey Employers and Workers - Fingers Crossed In September, New Jersey announced a new program called the Return and Earn Incentive Program that is targeted to New Jersey Employers who hire the unemployed and train them to acquire new skills. For...
Key Performance Indicators for a Medical or Dental Practice
Have you ever invested in a stock in the stock market? To protect and maximize the return on that investment, you would research that particular stock. This might include trend analysis, benchmarking, and performance monitoring. Now, consider the relative size...
Gifting To Save Estate Taxes
When Gifting To Save Estate Taxes, It Is Essential To Consider Loss Of Step-Up In Basis When the House Ways and Means Committee proposed reducing the estate and gift tax exemption from $11,700,000 to approximately $6,000,000 (as adjusted for inflation) effective...
Tax-Loss Harvesting
Tax-Loss Harvesting – Don’t Miss the Opportunity This time of year many people start thinking about year-end tax planning. An integral part of tax planning involves the potential for tax-loss harvesting in your taxable portfolio. What we are going to discuss below can...
Inflation Concerns
Should You Be Concerned About Inflation? If you pay attention to financial news, you are probably seeing a lot of discussion about inflation, which has reared its head in the U.S. economy after being mostly dormant for the last decade. In May 2021, the Consumer Price...
Looking for Coverage in All the Right Places
Insurance is everywhere; it is intertwined with every facet of our working and personal lives. Yet, all too often when a loss occurs or a liability is sustained, corporate and individual policyholders fail to obtain the full protection that insurance promises to...
Client Spotlight – the Wristbridge Family
The entrepreneurial spirit runs strong in some families, and the Wristbridge family is one of them. Originally from Haddon Heights, NJ, John Wristbridge is a third generation businessman and entrepreneur who was raised in an environment of hard work, integrity and...