7 Common Mistakes Made by Early Stage Companies

By Wiss, Posted in Technology

By Donna Woronka, CPA, MBA Early stage entrepreneurs have plenty on their minds, from developing and launching their new product or service, to establishing customer and vendor relationships, to hiring employees and raising capital to make it all possible. There’s a lot that can potentially slip through the cracks. Issues related to state and federal compliance is an area that is not frequently at the top of the list.   In my 20+ years working with over one hundred early stage companies, t... read more.

Preparing Your Business for an ERP Implementation

By Wiss, Posted in Technology

There are few administrative initiatives that might prove more challenging to more of your employees in more departments than the launch or changeover of an ERP system. Don’t get me wrong -- in time you’ll all feel that it’s totally worth it in terms of enhanced productivity and accuracy. It’s just that you’ll all work up a sweat getting there. In an earlier blog post I described your Enterprise Resource Planning system as being the brain center of your company. So an ERP impl... read more.

Summer Spotlight: Joanne Spencer Goes to Puerto Rico for Mini Mission Trip

By Wiss, Posted in Wiss Gets Personal

When Tax Assistant, Joanne Spencer, is not working or studying for her Master’s in Divinity at Drew University, she finds time to volunteer. She recently had an opportunity to take a long weekend to help with Hurrican relief in Puerto Rico.     Joanne sought out this opportunity after taking a course in Educational Ministry for her Master’s, in which she chose to focus on Puerto Rican history and culture. With the knowledge from that class and the recent events of Hurricane Ma... read more.

Summer Spotlight: Kelsey Silverstein Soaks up the Antigua Sun

By Wiss, Posted in Wiss Gets Personal

Kelsey Silverstein, Talent Development Associate, spent a week in St. Mary’s Parish, Antigua vacationing with her mom and sister.  The trip was in celebration of Kelsey's recent graduation from Rutgers University as well as her sister's graduation from Concordia College's Master's Program. With school completed, the girls were excited to destress. They took full advantage of the all-inclusive resort by jet skiing, sail boating and snorkeling. Despite all of the fun activities, the highlight... read more.

Summer Spotlight: Pat Gianforte Explores Northwest America!

By Wiss, Posted in Wiss Gets Personal

Pat Gianforte, Senior Associate, takes outdorsy trip to Montana!  This summer Pat Gianforte took a trip to Bozeman Montana to visit with his cousin. He spent time hiking, camping and visiting local breweries. The highlight of the trip was hiking through the Bridger Moutain Range all the way to Sacagawea Peak. At the top, not only was there a beautiful view of all the Gallatin Valley, but also mountain goats.  There are many great breweries around Bozeman including Bozone Brewery, Map Brewing C... read more.

HR ALERT: NYC Faces New Sexual Harassment Responsibilities

By Wiss, Posted in Human Resources

New York City and New York State employers need to be aware of upcoming responsibilities resulting from the passage of anti-sexual harassment laws earlier this year.  The most immediate change goes into effect on September 6, 2018 when New York City employers will need to comply with the Stop Sexual Harassment in NYC Act.  As of that date, all employers will be required to post the required anti-sexual harassment notice in the workplace and provide this information to employees at the time of hir... read more.

Summer Spotlight: Matt Barbieri Takes On Iceland!

By Wiss, Posted in Wiss Gets Personal

Partner, Matt Barbieri, takes advantage of his summer with several trips and fun activities!  When he is not at work, coaching baseball or football, making wine or watching dance recitals, Matt finds time for vacation with his family and friends. This summer he took a 5-day trip to Iceland with his wife as well as a trip to the Outer Banks with both family and freinds. One of the many highlights of his trip to Iceland was the beautiful Blue Lagoon. He also enjoyed the food especially the yogurt and s... read more.

Treasury Publishes Proposed Regulations on 20% QBI Deduction

By Wiss, Posted in Tax

On August 8 the U.S. Treasury and Internal Revenue Service (IRS) released highly anticipated proposed regulations providing rules and clarification regarding the 20% Qualified Business Income (QBI) deduction.  Concurrently, the IRS also released a FAQ listing, which walks through the basics of the QBI deduction and Notice 2018-64, which provides guidance on ways in which taxpayers can compute “W-2 wages” with regard to the QBI deduction limitation.  The regulations attempt to clarify c... read more.

Summer Spotlight: Paul Peterson's Scottish Adventure!

By Wiss, Posted in Wiss Gets Personal

Managing Partner, Paul Peterson, Heads to Scotland!   Paul and his family took a week-long trip to Scotland.  From its beautiful blue oceans to its abundant history, Scotland was an amazing trip for the Petersons. Paul’s favorite spots were the Isle of Skye, home to a picturesque fishing village, and Gleneagles, a luxurious hotel, spa and golf resort. Paul was pleasantly surprised with the high-quality cuisine, saying that the fish was fresh, the coffee was rich and carrot cake delicio... read more.

Advantages of Onboarding an Outside Accounting Firm for Your MSO or DSO

By Wiss, Posted in Advisory Services

By Carolyn Hall, CPA, MBA In my last blog post, we covered how a business process review is a great tool to determine what processes can be improved upon in your medical service organization (MSO) or dental service organization (DSO). One of the most common outcomes of a BPR is a company elects to onboard an outsourced accounting firm. With this post, let’s explore the value-added benefits of such a relationship. A Valuable Team Addition An outsourced accounting firm with experience in the healthc... read more.