Geltrude & Company

07/28/2022

MGI Worldwide and MGI North America are thrilled to announce that New Jersey member Dan Geltrude, CPA, Founder and Managing Partner of Geltrude & Company, has been named in NJBIZ’s inaugural “2022 Accounting Power 50” list, ranked at Number 5. A well-respected CPA, advisor, and industry leader, Dan is one of the most influential professions in public accounting. This honour is well-deserved, and Dan has dedicated his career to enhancing the state of public accounting for not only today’s CPAs, but for many future generations of accounting leaders. Congratulations Dan!
https://www.mgiworld.com/newsroom/2022/july/mgi-worldwide-s-new-jersey-member-honoured-by-njbiz/

03/23/2020

When difficult situations turn up, handling them with some care and concern can help avert a lawsuit. Here's a look at how top-notch public relations can reduce your company's legal exposure, help retain employees, keep customers satisfied and promote a consistently good corporate image.

s you already know, public relations professionals can help your company get publicity about the products or services you provide. But a good public relations program can also help your company avoid litigation.

03/16/2020

Job applicants must show that they are legally authorized to work in the United States and it's up to you to obtain this verification before you hire them. At the same time, you need to guard against discriminatory practices based on eligibility to work in this country. Read the article for an explanation of eligible documents used for verification as well as a few other guidelines.

Under the Immigration Reform and Control Act (IRCA) you must verify through examination of certain documents that your employees are authorized to work in the United States. At the same time, you must avoid unfair employment practices.

03/13/2020

Let's say you and the other family business co-owners are ready to cash out by selling the company. You obviously want to maximize the after-tax sales proceeds. Here are some considerations and important steps you can take to help achieve that goal.

hen the owners of a family business are ready to sell, there are numerous considerations. One of the most important is handling the sale in a tax-wise manner.

03/11/2020

Unlike tax deductions, tax credits reduce your tax bill, dollar for dollar. But some taxpayers who file their own returns risk overlooking these lucrative tax-saving opportunities. Here's an overview of seven popular credits for small business owners to consider on their 2019 tax returns and beyond. Several of these breaks have been recently increased or extended by Congress.

02/26/2020

The automatic stay provision of the Bankruptcy Code allows companies a chance to get back on the right track. With this option and Chapter 11 proceedings, there is relief from collection actions and credit sometimes becomes easier to obtain. Essentially it's a time-out that give a company time to reorganize, fix problems and, in many cases, become profitable again. This article explains how the automatic stay works.

or many business owners and executives, filing for Chapter 11 bankruptcy proceedings seems like admitting defeat, but it shouldn't be that way.

02/25/2020

With some careful planning, you can give away part of your wealth to family members and loved ones, reducing your estate and potential estate tax bill. Over the years, the rules have changed several times. Here are the basic rules of lifetime gifting under current tax law.

Open the GatesReducing an estate is more difficult for some people than for others. Bill Gates is worth an estimated $47 billion. If his wife agreed to split gifts, Bill Gates could give away $28,000 to 1,678,571 people this year and pay no gift tax.

02/20/2020

A law is now in effect that provides protection against discrimination against employees based on genetic information. But what if your workplace has wellness programs or other benefits that involve employees divulging medical information? In order to comply with the Genetic Information Nondiscrimination Act, here are some steps that employers can take.

ake steps now to avoid running afoul of the Genetic Information Nondiscrimination Act (GINA), which prohibits discrimination in health coverage and employment on the basis of genetic information. Title II addresses discrimination in employment, and prohibits employers from acquiring genetic informat...

02/17/2020

What are the rules for deducting medical expenses on your personal tax return? First, you must itemize deductions, rather than take the standard deduction. Second, you must exceed the current percentage-of-AGI threshold. Finally, your expenses must qualify as "medical care" under current tax law. Here's what you need to know to benefit from this tax break in 2019 and beyond.

02/13/2020

Around this time of year, taxpayers often find themselves wondering whether or not they have to file a tax return. Determining this can be quite complicated. To fully understand, we need to consider that there are times when individuals are required to file a tax return, and then there are times when it benefits individuals to file a return, even if they are not required to file.

01/28/2020

To tell the truth, the whole truth and nothing but the truth and steal customers from your competitors: that is the aim of a good comparative ad. But the truth isn't as simple as it sounds. The Federal Trade Commission restricts what you can say in comparative ads and a federal law bans two kinds of these ads. Here's a guide that explains the legal implications.

ot that long ago, it was considered distasteful to mention a competitor's name or show its trademark in ads. Instead the advertising industry came up with phrases like "Brand X" and "The Leading Brand."

01/21/2020

Simple quotas aren't always the best way to measure your sales staff. Yet many organizations use that system to evaluate and compensate their salespeople. This article discusses three other factors that can be used to get better results from our sales staff, help bolster your company's bottom line and add to its growth.

While that method of determining compensation is obviously fundamental and hard to dismiss, it's also important to consider other measures of success.