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.

Y2K15 Technology Assessment

By Wiss, Posted in Advisory Services

By Paul Ursich  Remember what you went through in the late 1990s as you frantically sought to assure yourself and others that your computer systems would survive the turnover to the year 2000?  Fifteen years later, this is a good time to review your technology and infrastructure haves, have-nots and should-haves. But this time around, you don’t have to be frantic. Take your time in 2015 to assess your needs and determine how to invest to meet the demands and embrace the exciting new opport... read more.

Fighting for a Cause

By Wiss, Posted in Wiss Gives Back

By Jessica Brandt Dylan D’Alessio joined Wiss as an Intern and has since been hired to the Human Resources team. Throughout Dylan’s time at Wiss during workdays and participating in Wiss-letics, many people have noticed him sport a wristband and tattoo, both that read the name, “Kyleigh.” In speaking more with Dylan, some have come to find out that Kyleigh was a beautiful, fun-spirited, ambitious student-athlete at West Morris Central High School. Kyleigh is also Dylan’s olde... read more.

Transitioning to the Cloud

By Wiss, Posted in Technology

By Wiss Associate What if you lost your company’s computers, servers and phone system? The culprit could be hackers, natural disaster or technology breakdown, but the end result is the same: You lose nearly everything of importance to your business for an unspecified length of time.  Your business is at a standstill until you hire an army of IT specialists to get you up and running again. They’ll get right to it — or at least as soon as they can fit your company into their busy sch... read more.

Why Diversity Matters and How you can Achieve It

By Wiss, Posted in Human Resources

By Lori Graham  The American business world is being challenged to diversify its talent pool to better reflect the changing face of America. To some extent, businesses are already making headway in this effort. Today, about 60 percent of college graduates with a bachelor’s degree are female. While women are still relatively rare in positions of corporate leadership, the glass ceiling is starting to shatter, and progress will continue to be made as this current group gains traction and career ex... read more.