A sad and oft-repeated truth is that half of all new businesses fail within the first five years. Although many factors contribute to business failure, a common culprit is poor cash management. All businesses, large…

According to the Small Business Administration, 28 percent of companies go bankrupt due to problems with the financial structure of the company. However, many of the problems could have been avoided by establishing good accounting…

Buying a franchise may seem like an easy way to get into business, but there are many things to consider before you make a commitment. Here are some thoughts. Background on Franchise Agreements A franchise…

Many states, including New Jersey, are passing legislation that requires businesses to offer some type of retirement savings program.   The NJ Secure Choice Savings Program Signed into law in 2019, the New Jersey Secure…

Closing out the Year Proper end-of-year clean-up on your small business’s books is conducive to a great start to the new year — not to mention, will help you be in a better position you…

The New Jersey Economic Development Authority (NJRDA) has approved changes to the Main Street Micro Business Loan Program. These changes include the removal of the requirement for personal guarantees from owners of micro businesses. The…

Fall IRS Deadlines and Updates September 15 -Third quarter individual estimated tax payments for 2022 are due. -Filing deadline for extended 2021 S-corporation and partnership returns. October 17 -Filing deadline for extended 2021 individual tax…

Is a recession looming? There’s talk of an economic downturn no matter which newsfeed or channel you tune to. The 2008 recession and the aftermath of the COVID-19 pandemic are still fresh in many business…