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Several common steps organizations should consider in order to develop a clear strategic plan that can support a company’s succession and transition strategies.

By operating under an environmental, social and governance (“ESG”) framework, businesses can thrive while still operating in ways that contribute positively to the lives of their employees, customers, communities, countries and the world.

A self-directed individual retirement account is a type of IRA that can hold a variety of alternative investments normally prohibited from regular IRAs. Although the account is administered by a custodian or trustee, it is directly managed by the account holder—hence the name "self-directed."

The IRS has introduced a new Form 1099-NEC Nonemployee Compensation, designed to report all nonemployee compensation. This article takes a look at what you need to know about this new form, and how it varies from Form 1099-MISC Miscellaneous Income.

This article focuses on a the role of the accountant as an ambassador for his client.

Situations in which a spouse can obtain relief from joint and several liability for any tax, interest, penalties and additional tax liability—including innocent spouse relief, relief by separation of liability, and equitable relief.

A discussion of the evolution of and differences between 3D and 4D printing.

Financial Reporting Framework for Small and Medium-Sized Entities or the FRF for SMEs is a substitute basis of accounting to GAAP.

Governor Murphy signed into law the New Jersey Paid Sick Leave Act which went into effect on October 29, 2018. There are still specifics and technical items of the law to be ironed out. As always, speak to a qualified professional advisor.

Proponents of raising New Jersey’s minimum wage claim it would reduce poverty, but any increase needs to be carefully implemented. The right balance and a comprehensive approach need to be adopted in lifting the wages of a low-wage earner.

Life science companies in the start-up and development phases are looking for location, talent, partnerships, a strong business climate, commercialization, funding, and exit strategies and New Jersey has several advantages over other states.

New Jersey Senate bill S2265 would allow taxpayers to deduct the gain on the sale or exchange of New Jersey qualified small business stock that has been held for more than five years from their New Jersey gross income.

There are several tax benefits for companies that choose to operate in New Jersey. New Jersey business owners can navigate through and maximize different tax savings and credits, and then watch as businesses blossom in the Garden State.

Atlantic City started as a resort town for middle class Americans and has gone through ebbs and flows throughout its history. A ray of hope has returned to our empire on the boardwalk with new Casinos, sports betting, and nightlife.

Manufacturing continues to be a robust and growing sector according to the NJ Manufacturing Extension Program. Supporting and encouraging manufacturing in New Jersey is key to continuing to build economic stability and a strong tax base.

Equity equals assets and liabilities, and equity consists of stock, additional paid-in capital, retained earnings and some complex items (such as comprehensive income).

When you are in need of bank financing, always check with your accountant before entering into such an agreement. They may offer advice to alleviate burdens that lending institutions may try to include in the agreement—saving you time and money.

Commitments and contingencies may only be a few words on the balance sheet, but they are still an important component of the financial statements and give a reader a more complete view of the company’s financial strength.

Accrued expenses commonly appear as a current liability on your balance sheet. The next time you talk commissions with your sales representatives or receive a product without an invoice, all of these transactions should record as accrued expenses!

Nearly every expense your business incurs will flow through accounts payable. It is vital to the success of your business to closely monitor your payables and evaluate the best time to actually pay them.