Refinancing Student Loans: Is It Worth It?

By Wiss, Posted in Advisory Services

By Rachel Kleiman A letter from a student loan refinancing company is placed on your desk. Have you wondered if refinancing is worth it or just a scam? Refinancing means taking on new debt with new terms in order to pay off older debt.  By refinancing, you can reduce monthly payments, secure a lower interest rate, and renegotiate the term of your loan.  Additionally, refinanced student debt is still student debt, meaning you will still receive a 1098-E for tax purposes.  Refinancing comes... read more.

Revamping Your Chart of Accounts

By Wiss, Posted in Accounting and Auditing

By Wiss Associate In last month’s post, we discussed what your company’s chart of accounts should entail and its prominence to the accounting and financial side of your organization. Now let’s see why and when you should reorganize the information that will make up your chart of accounts. Why to Take Action Your spotless and well-organized accounts will help your company prepare your books for the following activities: Working with your outside accounting advisors for quick and acc... read more.

The Importance of Finding a Mentor

By Wiss, Posted in Workplace Culture

By Andrea Saenz Many people have set a goal, perhaps in the form of a New Year’s resolution that, for one reason or another, has gone unmet. Perhaps you’ve started a diet, only to be drawn back to the allure of chocolate. Or you’ve joined a gym one month, and found your running shoes collecting dust the next. While it is one thing to be motivated toward a desire or project at the start, it is quite another to see that project through to completion. That’s why, in your work life, ac... read more.

12 Days of Traditions - Day 12: Lesya Kostyuk

By Wiss, Posted in Wiss Gets Personal

Among Ukrainians, the most beloved of all festivities is Christmas, which covers a cycle of important feast days, all centering around the family. The main event is the evening meal called “Holy Supper” (Svyata Vechera). According to the custom, all members of the family should be present that night for a family reunion.  Christmas in Ukraine is celebrated on January 7 according to the Gregorian calendar. Many people wonder why the Ukrainian date is&... read more.

Salary History Ban Takes Effect in NYC

By Wiss, Posted in Advisory Services

By Lisa Calick, SPHR If you’re a company based in, or with offices in, New York City, you should be aware of a new law that took effect on October 31st.  As of that date, it became illegal for public and private employers in New York City to inquire about an applicant’s salary history during any stage of the hiring process. This includes inquiries on employment applications, during interviews and while conducting background checks.  The law was introduced to even the wage gap between... read more.

12 Days of Traditions - Day 11: Cami Sia

By Wiss, Posted in Wiss Gets Personal

Christmas is my favorite time of the year. Romanian Christmas is filled with traditions, superstitions and customs transmitted from generation to generation. Family, food, caroling and traditional outfits (picture below depicts traditional outfits from Transylvania) can be found in each corner of Romania, especially at the country side where customs are more preserved. I am from Transylvania and, for me, the excitement of Christmas begins on December 5th. This is the day every child will shine their shoes a... read more.

12 Days of Traditions - Day 10: Fu Fu

By Wiss, Posted in Wiss Gets Personal

One of the most traditional festivals in China, which is the Mid-Autumn festival, which is celebrated August 15th on the lunar calendar. When you look at the sky at that day, the moon is round, which symbolizes harmony and reunion in Chinese culture. On this particular day, people get together with their families to spend time and enjoy the full moon together. The tradition is to eat the mooncakes, which is a Chinese dessert in a round shape. That’s the symbol of Mid-Autumn festival. That’s... read more.

12 Days of Traditions - Day 9: Joanne Spencer

By Wiss, Posted in Wiss Gets Personal

Each year as the season approaches, I have a few traditions that bring out the holiday spirit in me. The first tradition I’d like to share is that I go downtown to Montclair and Newark dressed in an elf hat and deliver gospel tracts with candy canes. I also bake holiday cookies and take them to Penn Station. My second favorite tradition is helping out those in need around this time of year, so I buy and wrap gifts for those who don’t have a roof over their head. I will gift hats, gloves, scarve... read more.

Upcoming Changes to New Jersey and New York Taxes

By Wiss, Posted in State & Local Tax Services

By Evan Gernant With tax reform legislation nearing enactment in Washington it’s easy to keep one’s focus on those headlines.  There are, however, important changes in New Jersey and New York tax that have already been signed into law and will impact local taxpayers.  Below is a summary of the more significant changes you will see affecting New Jersey and New York State taxpayers in 2018 and beyond. New Jersey The sales & use tax rate will continue decrease slightly.  A t... read more.

12 Days of Traditions - Day 8: Mike Marin

By Wiss, Posted in Wiss Gets Personal

Christmas traditions can vary all around the world, but celebrating the holidays outside of your own country, or 3,000 miles away from the rest of your family can be overwhelming and a different experience. During the holidays, many of us realize the importance of keeping our traditions in order to build strong family relationships that will then be passed on to future generations. In my beautiful country, Colombia, Christmas celebrations start on December 7,  a day known as “El Dia De Las Velita... read more.