What is a family limited partnership and why should you consider it as part of your estate planning strategy? Alloy Silverstein Accountant Valentina Efremova explains the basics and the tax benefits of an FLP.   A…

Revenue, gross margin, net profit – these are the basic metrics every small business owner watches closely. But there are also some often-overlooked metrics that can deepen your insight into your business and inform your…

A cleaner, quicker, more organized month-end. Here’s something your future self will thank you for! At the end of each month accounting departments collect, analyze and record financial data in a process known as “closing…

Every small business eventually hits a rough patch. It’s easy to get discouraged when it happens. But look at the upside: you have infrastructure in place, you have existing customers and most importantly, you have…

On May 2, New Jersey Governor Phil Murphy signed a statewide Paid Sick Leave Bill into law, making New Jersey the 10th state to mandate paid sick leave.   NJ Paid Sick Leave: The Basics…

If you enjoy running your own business, selling it may be the furthest thing from your mind. But the reality is that eventually an opportunity to sell will come, whether due to your own life…

According to the American Staffing Association, there are approximately 3 million temporary and contract employees working for U.S. staffing companies during an average work week. That means there’s a wide range of skilled people usually…

Designing your business’s credit policy Business clients often prefer to be billed for purchases rather than paying upfront. That means you may need to establish receivable accounts for most business-to-business transactions. Unfortunately, it also means…