https://www.justwomenssports.com/podcast
Only 4% of sports coverage is dedicated to women’s sports. Just Women's Sports is here to change that.
They've teamed up with some of the best athletes in the world to change how women’s sports are covered. No more pink and glitter. No more “give us a twirl.”
Wiss is proud to be a sponsor of the #JustWomensSports podcast. Join two-time World Cup champ and Olympic gold medalist Kelley O’Hara as she sits down with some of the biggest names in sports to talk about the untold stories behind their success.
Featuring Olympians, MVPs, world champions and breakout stars, the Just Women’s Sports podcast provides an unprecedented look into what it takes to be a professional athlete today. Visit the link above to subscribe on your favorite podcast platform now!
https://wiss.com/blog/unemployment-fraud-alert/
The increased number of unemployment filings over the past few months in the wake of the COVID-19 pandemic has led to a surge in the number of fraudulent claims filed, as reported by many states across the country. In many cases, third parties attempt to file for unemployment insurance benefits using the name and personal information of someone else who is not out of work.
WISS.COM
Unemployment Fraud Alert - Wiss & Company, LLP
https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=&eventid=2664193&sessionid=1&key=868856369E0AC538965D1DFC71191E57®Tag=&sourcepage=register
Hear the latest updates on the CARES Act and progress of the Paycheck Protection Program (PPP) on tomorrow's AICPA Town Hall session, which will feature Wiss's own PPP expert, Travis Miskowitz. Registration is FREE for AICPA members!
https://wiss.com/
Wiss is thrilled to be included in INSIDE Public Accounting's list of Top 100 Firms in 2020! We have also been named the #3 Fastest-Growing Firm in 2020.
IPA annually ranks the largest public accounting firms in the country. Ranking data is captured through IPA’s annual practice management survey and analysis of firms.
#wissllp #IPATop100 #accounting
https://www.businessinsider.com/new-jersey-millionaires-tax-deal-500-rebate-families-stimulus-relief-2020-9
Under a new proposal by state legislators in New Jersey, the tax rate on income over $1 million would increase from 8.97% to 10.75%. A rebate up to $500 was also announced for families making less than $150,000, and for single-parent households earning up to $75,000.
The QBI Deduction allows individuals and certain estates or trusts to take a 20% deduction of Qualified Business Income.
Download Eliezer Gross, CPA's comprehensive QBI guide to learn how to determine your eligibility, how to maximize your QBI deduction, and more.
https://wiss.com/offer/the-qbi-deduction/
https://www.journalofaccountancy.com/news/2020/oct/ppp-forgiveness-applications-not-due-oct-31-2020.html
The U.S. Small Business Administration released guidance Tuesday confirming that Paycheck Protection Program (#PPP) loan forgiveness applications are NOT due on Oct. 31. Check out the Journal of Accountancy's article for further clarity.
https://www.marketplace.org/2020/10/13/small-business-optimism-nfib-survey-manufacturing-construction-services-restaurants-retail/
Thank you Marketplace Business News for featuring Wiss and Paul Peterson in your segment this morning on Small Business Optimism. Findings of our recent survey of #smallbusiness owners found that those with 25 or fewer employees continue to suffer, are under great financial duress and have not benefited as much from the relief packages as larger businesses. These smallest businesses are in dire need of additional relief.
https://firstround.com/review/the-founders-field-guide-for-navigating-this-crisis-advice-from-recession-era-leaders-investors-and-ceos-currently-at-the-helm/
Founding a startup in 2020 has proven to be an unprecedented challenge. It’s one thing to build your business from the ground up in normal circumstances, but doing it in the midst of a worldwide pandemic is another story. How do you secure funding? How do you keep from going under? Luckily, founders don’t need to figure it out alone. Wiss Early Stage is here to help expedite your path to financial stability and investor readiness.
The U.S. Small Business Administration released a streamlined application — Form 3508S — designed specifically for those who borrowed less than $50,000. These borrowers are no longer required to reduce the amount eligible for forgiveness if they:
1. Reduce the salary or hourly wage of an employee (who earned less than $100,000 in 2019) during the “covered period” following the borrowing relative to the first quarter of 2020, or
2. Reduce full-time equivalent employees (FTEs) during the covered period relative to a base period.
Check out this article for more info: https://www.forbes.com/sites/anthonynitti/2020/10/08/was-your-ppp-loan-less-than-50000-life-just-got-a-little-bit-easier/#396c2fe417d0
The TONE Networks are hosting our very own personal finance expert, Stephanie Hughes, to share her insights on "How to Rescue Your Finances.”
Bookmark this link and mark October 13, 1:00pm ET on your calendar! https://www.tonenetworks.com/event/183
Wiss Early Stage harnesses data and experience to bridge the gaps between what investors want, what startup success entails, and what entrepreneurs do. We have identified the criteria that investors use to evaluate early-stage businesses, and we know what prospective financiers are looking for: In entrepreneurs, in business models, in terms of returns.
Visit our page to learn more: https://wiss.com/services/early-stage-services/
This week, Governor Murphy signed an Executive Order that establishes mandatory health and safety standards in an effort to protect workers across all industries in New Jersey during the pandemic. The Executive Order requires both private and public sector employers to follow health and safety protocols for their in-office employees effective November 5, 2020.
WISS.COM
HR Alert: New Jersey Executive Order - Wiss & Company, LLP
By this time next week, the U.S. presidential election will be in the rearview mirror, and we’ll all have more questions than we have answers. One of those big questions will be: What is the new president-elect’s vision for the tax code? Neither of the candidates has laid out a formal, detailed plan for this, although they have left clues about some aspects of tax policy along the campaign trail.
WISS.COM
What Federal Tax Policy Changes Can We Expect? Clues From the Campaign Trail - Wiss & Company, LLP
Life is never smooth sailing. The best people often endure the hardest times. In the end, everything is worth it. You just have to learn how to withstand pain by believing in yourself. In this episode, Paul Peterson, Managing Partner at Wiss, joins Amy Vetter to share his journey from staff accountant to managing partner. His value systems have been key to ensuring the alignment of his career and purpose, and the authenticity of his leadership.
AMYVETTER.COM
"Be Willing to Withstand the Pain Through Change: Don't Back Away From It, Believe In Yourself: You — Amy Vetter
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 full 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 an annual service charge to the municipality instead of the full real estate taxes.
WISS.COM
Do You Qualify for the New Jersey PILOT Program? - Wiss & Company, LLP
https://faq.business.nj.gov/en/articles/3835237-what-is-the-status-of-the-njeda-small-business-emergency-assistance-grant-program
NJEDA will award a total of $70 million in federal CARES Act funding to small businesses. Any business or nonprofit located in New Jersey, including home-based businesses, with 50 or fewer full-time equivalent employees (FTEs) is eligible to receive grant funding during Phase 3. Businesses that received funding in previous phases of the program are eligible to receive Phase 3 funding.
Pre-registration is MANDATORY, with a deadline of Tuesday, Oct 27 at 5:00pm.
https://wiss.com/wiss-guides/financial-impact-of-covid-19-on-small-businesses/
Making sure employees’ use of technology keeps up with the reality of today’s remote work environment comes down to proper planning, keeping everyone trained, and then following up on the plans and policies that you have in place. It’s all about keeping everybody in the loop. Lisa Calick, Director of HR Advisory services at Wiss, interviews Joe Turk, our Director of Information Technology, about the best ways to maximize online safety for your company.
WISS.COM
Technology and Cybersecurity in a Work-From-Home World: Q&A with Wiss’s Director of Information Technology Joe Turk - Wiss & Company, LLP
In an environment where some employees are working remotely while others are in the office, managers need to tailor their style to the circumstances while also being rigorous about inclusivity and communication.
People both in and out of the office should be getting feedback and should be able to understand how they’re doing. It’s all about communicating and having compassion for people’s circumstances while setting expectations and making sure that everyone is still on a level playing field.
Check out Lisa Calick's interview with Amanda Dominguez to learn how Wiss is embracing the challenges that come with managing a hybrid workforce.
WISS.COM
Managing People, Pandemic-style: A Q&A with Wiss’s Director of People Operations Amanda Dominguez - Wiss & Company, LLP
As a result of the pandemic, companies are becoming more comfortable hiring remote employees, even in different states. Lisa Calick’s interview with Laura Melville, Outsourced Payroll Manager, breaks down what your company needs to consider when hiring remote workers in new states.
WISS.COM
Questions About Remote Work and Payroll: A Q&A with Wiss’s Outsourced Payroll Manager Laura Melville - Wiss & Company, LLP
Upon forgiveness of a PPP loan, even in part, an applicant’s 2020 qualified research expenses (QREs) may be rendered ineligible for the research and development (R&D) tax credit.
Internal Revenue Code Section 41(d)(1)(A) forbids taxpayers from claiming an R&D tax credit on nondeductible expenditures. Additionally, the IRS issued guidance in March 2020 (Notice 2020-32) stating that expenses covered by forgiven PPP loan funds are nondeductible for tax purposes, whether or not they would usually be deductible.
Check out Travis Miskowitz’s latest blog to find out how you can maintain some R&D credit despite PPP loan forgiveness.
WISS.COM
Unintended Effect of PPP Loan Forgiveness: Reduction in R&D Credit - Wiss & Company, LLP
The US Treasury and the Internal Revenue Service (“IRS”) released guidance on November 18, 2020, in Rev. Rul. 2020-27 and Rev. Proc. 2020-51, clarifying the tax treatment of expenses where a loan received under the Paycheck Protection Program (“PPP”) has not been forgiven by the end of the year in which the loan was received. Read our latest blog by Michael Bodrato, Director of Taxes, for more information.
WISS.COM
Treasury and IRS Issue Guidance on Deductibility of Expenses Related to a PPP Loan - Wiss & Company, LLP
https://njcpa.org/stayinformed/news/blog/post/njcpa-focus/2020/11/17/how-cpas-should-advise-small-business-clients-ahead-of-reopenings
CPAs advising small business clients have a lot to discuss in light of COVID-19. Businesses that have reduced headcount, cut costs and implemented other strategic changes will want to evaluate their business model ahead of full business reopenings.
Read our Managing Partner, Paul Peterson’s article on NJCPA to learn the results of our inaugural survey of 250 U.S. small businesses conducted in conjunction with Sapio Research.
https://wiss.com/services/distressed-advisory-and-corporate-restructuring/
Wiss Capital Advisors has extensive experience advising companies, creditors, and debtors on corporate restructuring. Our professionals offer guidance on a variety of scenarios, including turnarounds, consensual workouts, and contentious bankruptcies. We have represented secured and unsecured creditors and debtors in numerous restructuring, reorganization, and liquidation matters. For debtors, we serve as financial advisors and/or turnaround managers. For creditors, we assist in bankruptcy proceedings and out-of-court restructurings.
#wissllp #capitaladvisors #transactionadvisory #corporations #bankruptcy #debt #restructuring #middlemarket
https://wiss.com/episode/whats-the-difference-between-common-stock-and-preferred-stock/
Many early-stage startups set up their companies and have millions of shares that need to be distributed among everyone from the company founders…to early employees…to advisors…to investors. And when the time comes to grant those stocks, Matt typically gets asked, "What’s the difference between common stock and preferred stock?"
#wissllp #startups #founders #stock #commonstock #preferredstock #earlystage
Spring2021 recruiting season is officially underway! Our next stops: Fairleigh Dickinson University and Stevens Institute of Technology! Our team cannot wait to virtually meet you!
FDU College of Business Virtual Recruiting Career Fair
Wednesday, 2/10 from 4:00pm - 7:00pm
Where: Handshake
Stevens Institute Winter 2021 Virtual Career Fair
Friday, 2/12 from 10:00am - 4:00pm
Where: Brazen
Visit our website to find out where we'll be next! https://wiss.com/recruiting-calendar/
https://wiss.com/blog/ppp-processing-delays-more-communication-required-from-sba/
E-Tran is an electronic loan processing system used by SBA to process loans under the 7(a)-lending program, which includes PPP loans. In theory this system should expedite and facilitate the smooth processing of PPP loan applications, but in reality, the system has become overwhelmed and bogged down at times due to the volume of PPP loan applications submitted by lenders. Read our PPP expert Travis Miskowitz’s latest blog for more info.
#wissllp #Etran #EconomicAidAct #FirstDraw #loan #PaycheckProtectionProgram #PPP #SBA #SecondDraw #SmallBusiness #smallbiz #SBA
WISS.COM
PPP Processing Delays – More Communication Required from SBA - Wiss & Company, LLP
https://wiss.com/episode/how-should-i-value-my-startup-so-i-can-raise-capital/
Matt tackles another question he gets over and over from startup founders that are looking to raise cash: How should I value my startup to raise capital?
#wissllp #WayTooFAQ #founders #entrepreneurs #smallbusiness #valuation #startups #funding
https://wiss.com/recruiting-calendar/
Wiss is looking for interns and entry-level talent to join our growing organization. Yes, we are actively hiring! We are excited to share our opportunities with both Rutgers University and Baruch College. Looking forward to virtually connecting with their students!
We’re running career and internship fairs between now and March. Visit Wiss.com to see a calendar of upcoming virtual events!
#wissllp #joinwiss #youngprofessionals #nowhiring #Rutgers #RutgersNB #NewBrunswick #careerdevelopment #RutgersUniversity #RU #Baruch #Baruchpride #BaruchCollege #internship
