No Phishing! Watch Out for Fake IRS Calls

By Wiss, Posted in Tax Services

Have you received a vague phone call from a person claiming to be the IRS, demanding that you cough up money to pay taxes without providing any tangible information? These callers can be relentless and may have ordinary names, persuasive IRS badge numbers, and transform your caller ID to display the words “IRS” across it, as if the actual organization is calling you. Before you panic, this is a scam called phishing, where frauds posing as the IRS make unsolicited communication to people through... read more.

Fulfilling the Dream of Home Ownership

By Wiss, Posted in Financial Planning

By Adriana Cabrera  The prospect of buying a home can be daunting, especially for first-time homebuyers who may be saddled with student loans, car payments and credit card debt. But with planning – and some discipline – potential homeowners can make their dream of home ownership a reality. Here are some tips to help you through the process.  Create a budget Begin by gaining an understanding of your income and expenses. On an Excel spreadsheet or a free budgeting app, enter your mon... read more.

Plug in Your Car and Receive a Tax Break

By Wiss, Posted in Tax Advantages

Have you recently purchased an electric or hybrid car? If so, you may be eligible for a significant tax credit. Consumers of these energy-friendly vehicles can benefit from a tax break of $2,500 to $7,500, contingent on two essential factors: a car’s battery size and the amount of income taxes you owe during a specific year. Contrariwise, vehicles that have 4 kWh batteries can be eligible for a $2,500 tax benefit. In order to stay informed on the complex rules of this federal tax credit, make sure yo... read more.

New Doors, Windows, or AC Unit? Get ready to receive a tax credit!

By Wiss, Posted in Tax Advantages

If you made your home a little more energy efficient last year, you may qualify for a tax credit on your federal income tax return. In previous years, to encourage clean energy conservation in residences of Americans everywhere, the Department of Energy and the EPA have worked collectively to develop Energy Star, a program designed to promote business and home energy efficiency by deeming appliances like solar panels, air conditioning and heating systems, and windows tax deductible. In turn, the program sav... read more.

PILOT Programs in New Jersey

By Wiss, Posted in Real Estate

By Alexander J. Narcise and Michael Kroll Under New Jersey’s Payment In Lieu of Taxes (“PILOT”) program (N.J.S.A. 40A:20-1), many distressed areas of the state are seeing a resurgence. The PILOT program allows municipalities to exempt developers from property taxes for a set period of time when making improvements to existing buildings or creating new projects in areas in need of redevelopment, aiming to encourage commercial, residential, and industrial development. Developers would pay a... read more.

Goal 2017: To Start Painlessly Building Your Accounting Technology Ecosystem

By Wiss, Posted in Advisory Services

By Paul Ursich If the end of one calendar year and the beginning of the next is when your company starts planning the future and prioritizing investments in technology, I hope you’ll spend some of this time considering your accounting system. Call it your Y2K17 effort if you will, but it’s your strategic efforts to improve your technology footprint in order to increase productivity, financial accuracy and, ultimately, profitability. If you’re like a lot of our clients, you’re likel... read more.

Tips for Providing Quality Client Service

By Wiss, Posted in General Business

By Carrie Grotz  I am a lover of coffee and I frequent Dunkin Donuts (DD). I know their menu so well in fact, that I could probably work there. From the moment I enter a DD, I can usually tell which have knowledgeable staff, good donuts (the ones that look fresh, large and full of filling), those that offer the “fun” munchkins instead of just the plain, chocolate, and powdered ones, and just by glancing at the staff, I can usually tell from the moment I place my order if the coffee is... read more.

The Impact of One's Actions

By Wiss, Posted in Wiss Gets Personal

By Paul Peterson This is a story about how an individual’s actions can have an immense impact on others. Let’s be real, as a white male with blonde hair (albeit getting darker with age) and blue eyes, I am one of the least diverse people in my office. The only time I may get a second glance at being diverse is after a bad sunburn. So for me, I want to take the opportunity to share with you a period of time in my life that shaped me and provide you with a better understanding of why I am p... read more.

Pursuing the American Dream

By Wiss, Posted in Wiss Gets Personal

By Arnold Macalintal Whenever I think of grit, determination, and more importantly giving, I think of my father. My father was born in a small municipality in a province in the Philippines. The family didn’t have much growing up and being one of 12 children, there was even less to go around. He found himself running around with gangs in his younger days and has the fading tattoos on his hands to show for it. He could have easily stayed on this path, but he wanted more; so he changed his ways, stayed... read more.

Using Resilience to Overcome a Bad Habit

By Wiss, Posted in Wiss Gets Personal

By Ajay Parikh I was fifteen years old when I somehow picked up the habit of smoking. One night, as I was outside my home with friends smoking, I spotted my older brother from twenty feet away, walking in my direction. As soon as he passed me I quickly crushed the burning cigarette in my hand, forming a visible burn on my right palm. But little did I know, I had already been caught. No one had ever smoked in my family before and I was the first person to ever try it, so I was nervous of what would hap... read more.