With extreme volatility in today’s markets and uncertainty in many professional and personal lives, financial planning with a trusted, credentialed advisor is more crucial than ever. In this brief video Fairman Group Partner, Shawn Kindt, CPA/PFS, CFP®, explains the benefits of creating a financial plan—and routinely revisiting that plan—to assess progress and make necessary or desired adjustments. In Shawn’s words, “A good plan today is better than a perfect one tomorrow.”
Installing the DataJaguar™ system is integral to your operations improvement program.
Batch operators are constantly presented with the latest and greatest operations improvement programs; however, only one solution provides the ability to gain insights into the causes of batch process delays from day one – and that’s DataJaguar.
Start refining your operational improvement program today. The DataJaguar team will be presenting information about the software at a May 29th webinar – sign up today.
The National Conference of CPA Practitioners is calling on the Treasury and the Small Business Administration to operate the CARES Act the way it was intended, and that is to help more small businesses and independent contractors.
In an open letter to Mnuchin and Carranza, NCCPAP President Neil H. Fishman, CPA, CFE, FCPA, CAMS and Co-chairs of the NCCPAP Tax Policy Committee, Stephen F. Mankowski, CPA, CGMA and Sanford E. Zinman, CPA wrote, “The CARES Act created a ‘working capital advance’ within the Economic Injury Disaster Loans (EIDL) program at the SBA intended to help small businesses by awarding grants of up to $10,000 per business.
“This loan advance did not have to be repaid even if the application was denied and the advance was supposed to be made within 3 days. At the time it became law, there were no restrictions. NOWHERE is there indication as to how the amount is to be determined.
“With your announcement, the determining factor for the amount to be issued will be based on the number of employees. Therefore, you have, in effect: eliminated ALL Independent Contractors with no employees, and eliminated any other business entity that does not have employees.”
The COVID-19 pandemic has had a significant impact on global economies and world markets (To say nothing of the health tragedies).
In volatile times like these, human nature causes many investors to want to sell their portfolios for fear of major losses—short-term and potentially long-term. Generally, Fairman Group Family Office’s investment advice would be to “stay the course” and rebalance towards your elected target allocation. However, they realize that in times of extreme market volatility, clients may be re-evaluating their risk tolerance.
Click below to read more about a few core tenets of portfolio construction and asset allocation.
Immediate Past President and current Tax Chair, Stephen Mankowski, CPA, recently attended the March 2020 IRS NPL meeting. Highlighted topics include: An update from Commissioner Rettig and important COVID-19 Compliance Issues.
DataJaguar™ improves the day-to-day productivity of your manufacturing facility. It harnesses analytics to improve batch manufacturing processes.
DataJaguar captures and contextualizes small data. The production analytics software allows you to capture the small data and gain better insights to the accurate cause of batch process delays.
Learn more about improving your batch manufacturing process today. To schedule a DataJaguar demo, contact the Pros at Proconex.
The National Conference of CPA Practitioners (NCCPAP) is quite pleased with Treasury Secretary Steven Mnuchin’s response to their letter calling for an extension to the tax deadline. On Friday, March 20, the U.S. Department of the Treasury responded to further requests, from NCCPAP and others. They revised their initial decision and extended the deadline for both filing and payment of taxes to July 15, 2020.
The novel coronavirus (COVID-19) has caused a significant interruption to our country over the last few weeks. On March 18, the US Treasury issued Notice 2020-17 which provides new measures to assist taxpayers with their upcoming April 15 tax payments. Taxpayers may now defer up to $1,000,000 of their Federal tax liability. This was originally due on April 15, but is now extended until July 15 without interest or penalties.
Fairman Group Family Office will continue to monitor and provide updates as more information becomes available. If you have questions about your April 15 payment or filing obligations, they will happily discuss them with you.
The National Conference of CPA Practitioners is calling on the Treasury and the Internal Revenue Service to push the federal tax filing and payment deadlines to Oct. 15.
In an open letter to Mnuchin, NCCPAP president Neil H. Fishman, CPA, CFE, FCPA, CAMS wrote, “The action taken by the U.S. Department of the Treasury with respect to the preparation and filing of 2019 income tax returns, along with any payments that would be due with those returns in many cases, does not reflect the difficulties that have been imposed on both tax practitioners and their clients by the current crisis.”
On Friday, March 27 the Coronavirus Aid, Relief, and Economic Security “CARES” Act was signed into law. The key issues covered in the almost 900-page bill include provisions such as providing liquidity to individuals and businesses, expanding unemployment benefits, and incentives for businesses to retain employees. To read more about some of the provisions, click on the link below.