Finding the Right IT Tool for Real Estate Management

By Wiss, Posted in Real Estate

By Alexander J. Narcise  If you own a real estate investment or property management firm and are reluctant to take on the time-consuming hassle of running a financial report, it’s time to upgrade your accounting software system. Off-the-shelf accounting software systems don’t know your business. They don’t speak your language. They can’t respond to requests for construction project accounting or help you manage leases, issue tenant arrears reports or run a partner distribution... read more.

Welcome to Silicon Alley

By Wiss, Posted in Technology

Tech start-ups meet funding in the Big Apple  By Ryan S. Silva, CPA, CFE, CVA  Start-up technology entrepreneurs and investors need to take a close look at New York City’s Silicon Alley, if they haven’t already. There’s a reason the name is so similar to Silicon Valley on the opposite coast. Both are geographic centers of tech innovation, but in addition to the young brainpower in early-stage technology development, this tech hub is as much about access to the nearby capital m... read more.

A Means to an End

By Wiss, Posted in Wiss Gives Back

By Dylan D'Alessio For most of us, a week vacation to an island or the beach is what we look forward to; but for Erin Silkowski and her family, the week they spend volunteering to help others is the best vacation they could ask for. Erin Silkowski is a Staff Associate here at Wiss. Each summer, Erin and her family participate in the Appalachian Service Project, an organization dedicated to building warmer, safer and drier homes for those who live below the poverty line in the Appalachian region of the US (... read more.

Six Ways to Tell if Your Company is Ready for Series A Funding

By Wiss, Posted in Technology

By Wiss Associate It’s an exciting — and nerve-wracking — time as your young company prepares to draw investor interest in Series A funding. It’s most likely your company’s first in-depth contact with the venture capital world, but how do you know your business is ready to take such a step? Here are some things to consider:  You’ve put out feelers. VC firms don’t just show up on your doorstep when you need them most. Start your meet and greets long before y... read more.

Sincerely Selfless

By Wiss, Posted in Wiss Gives Back

By Dylan D'Alessio During work hours, Joanne Spencer is a Tax Assistant within our firm. Away from work, she is much more than that to her community, whole-heartedly involved in a number of different ways. For Joanne, it is volunteering with organizations related to her personal interests and experiences. Even if it’s helping out in the smallest way and making a difference in one person’s life, for her, it is worth it.   The subject of domestic violence is one that is particularly importa... read more.

How Exporters Can Take Advantage of IC-DISC Tax Benefits

By Wiss, Posted in Tax Services

By Chris Colyer  It’s not often that you hear good news on the U.S. tax front, but if you have a small to medium-sized company that sells product into markets outside the United States, forming an Interest Charge – Domestic International Sales Corporation (IC-DISC) could offer tax advantages. The federal government established the IC-DISC classification many years ago, but many businesses eligible to take advantage of the tax incentives are failing to do so. That’s at least in part... read more.

Stay Lean

By Wiss, Posted in Food & Beverage

How food and beverage entrepreneurs can ramp up production without going broke in the process By Jim Duffy  You’ve just sold your leading food or beverage product to a major supermarket chain and it wants to conduct a test run in 50 stores. Your hard work is finally paying off. Your company just got bigger in terms of sales and opportunity, and now you need the workforce to match. Right? Not so fast.  The power of outsourcing The true cost of an employee is much greater than a salary,... read more.

Removing the Veil

By Wiss, Posted in International Tax Services

How FATCA will affect your foreign financial dealings By Mary Vasilescu  If you have offshore financial interests or make payments to foreign entities, you need to know about the Foreign Account Tax Compliance Act, which removes the veil from foreign banks and other entities that enable U.S. citizens to evade taxes on assets accumulated in other countries. Foreign entities are required to satisfy payment documentation and reporting requirements. Lacking the cooperation of those entities, 30 percent o... read more.

An Evolving Role

By Wiss, Posted in Advisory Services

Look for a diversified skill set when choosing a CFO By Paul Ursich Today’s CFOs need a firm grounding in accounting, financial reporting and tax planning as a starting point. They also need an understanding of computer software systems, a good working relationship with your company’s IT department and the ability to develop company strategies. An effective CFO must also be a smart manager and a team builder who can engage your controller and accounting department. This combination can be dif... read more.

Make the Numbers Add Up

By Wiss, Posted in Advisory Services

How to ensure successful implementation of new accounting software By Robert Risk  At some point, nearly every company will start thinking about upgrading its accounting system when the pain points become difficult to dismiss. Here are a few things to think about before making a complex, long-term decision that affects your entire enterprise.  Know when it’s time. Frantic energy — a lot of it — can be one of the first signs that your accounting software system is overdue for... read more.