When I Came to America: A Kickball Tale

By Wiss, Posted in Workplace Culture

By Connor Doyle Walking into the Indoor Sports Pavilion in Randolph, you could just tell there was a different atmosphere. The air was crisper, water fountain water was colder, and the staff was more indifferent than I’ve ever seen them in my 5 year history with the building. Sporting our overused-yet-still-trendy “Keep Calm and Kick Balls” slogan t-shirts, Wiss was loose and in high spirits. Some of us reminisced on years previous and fallen teammates, others went out to practice some ki... read more.

A Business Owner's Duty to Protect Sensitive Company Data

By Wiss, Posted in Technology

By Paul Peterson, Managing Partner, Wiss & Co. LLP  No two companies are the same in culture, work environment or the vulnerabilities inherent in their digital landscape. This makes it very difficult to implement a standard way of protecting workers and customers from external data threats to their privacy and security. But nothing is more important to your company’s credibility and positive relationships with customers and employees than safeguarding their sensitive data. After all, you&rs... read more.

Accounts Payable Software Could Help your Business Soar

By Wiss, Posted in Outsourced Accounting & Tax

By Floriana Allen  Your bill-paying process should not be confusing, labor-intensive or prone to error. That’s why we at Wiss & Company, LLP, use cloud-based accounting programs such as Bill.com for our clients. It’s an ideal tool for handling your accounts payable workflow, and the software syncs with many leading accounting systems, allowing accountants and clients to stay involved in the process in real time. Here are the some of the advantages of the system.    The so... read more.

Business Insurance Coverage your Physician Practice Should Have

By Wiss, Posted in Healthcare

By Russ Faye Your greatest exposure and risk as a Physician is in the area of Professional Services. Most doctors are aware of coverages in this area, but there is liability when it comes to the business side of a medical practice and this is where other types of coverage become important. Through consultation with a reputable insurance agent, we encourage our clients to consider the following types of coverage: ERISA/Fidelity Bond This coverage is specific to your practice’s retirement plan. ... read more.

Choosing the Entity that's Right for your Startup

By Wiss, Posted in Emerging Companies

By Wiss Associate As a startup business, one of the most important decisions you have to make is under what type of corporate entity you’ll operate. There are three basic choices of entities. S Corporations Characteristics. This entity is only for corporations with 100 or fewer individual owners and no foreign shareholders are permitted. S Corporations can issue common stock, not preferred, and there are no corporate taxes paid at the entity level. Advantages. S Corporations are simple to set u... read more.

How to Assimilate Millennial Employees into your Workplace Culture

By Wiss, Posted in Workplace Culture

By Wiss Associate  This year, the 34-and-under generation will surpass baby boomers as the largest slice of the U.S. population — and they are a steadily growing segment of the business startup class. As their influence expands in entrepreneurial America, it becomes important to understand how they differ from the boomers and Generation X workers who preceded them.  Studies have shown that millennials want to think of their work lives as furthering a purpose, not just bringing home a paych... read more.

How to Determine your Company's Meaningful Key Performance Indicators

By Wiss, Posted in Outsourced Accounting & Tax

By Carolyn Hall  The first step in setting up the books of a business is identifying meaningful metrics. Whether it is a professional services firm or a real estate client, each business owner has individual views and preferences about analyzing the business. Identifying critical key performance indicators (KPI) upfront is important so that the accounting systems can be set up to measure the crucial aspects of a business. In the end, the goal is to present an accurate snapshot of the financial KPIs,... read more.

Beware the Temptation of Offshore Consulting Services

By Wiss, Posted in Advisory Services

By Paul Ursich Outsourcing accounting consultancy services overseas can be a tempting strategy for gaining expertise at a highly competitive cost. But as someone who’s previously done that, here are a few precautions I learned along the way. Language can be a barrier. I admire anyone with any degree of fluency in a second language. But while you can easily find English-speaking talent almost anywhere, there are degrees of familiarity with the language. When addressing, in person, someone who speak... read more.

Employees or Independent Contractors? Here's How to Differentiate

By Wiss, Posted in Outsourced Accounting & Tax

By Donna Woronka You think you’ve hired an independent contractor, but the IRS or State Department of Labor may see that you’ve hired an employee. If there’s any uncertainty, chances are good that you’ll lose that argument, and at a high cost in back payroll taxes and penalties. That’s why it’s critical that you understand the differences between the two legal classifications and that you keep your independent contractors independent.  Here are some questions to he... read more.

My Journey to RESULTS!

By Wiss, Posted in Wiss Gets Personal

By Diana Miller As a leader in the field of public accounting, I partner with clients to find solutions to even the most challenging problems while overseeing the direction and strategy of my own team. As a CPA, I work together with organizations to achieve business solutions which optimize each organization’s potential based on their own unique strengths. I am dedicated to empowering individuals to make a difference and build rewarding successes, which is why I'd like to share my journey with those... read more.