Financial life planning in NYC is particularly important for those individuals who have or plan to have children. While financial planning is important for everyone, the level of responsibility changes once you have children. Unfortunately, many parents miss the opportunity to have financial life planning establish the necessary goals to protect their finances down the […]

Becoming a business owner is not easy. One of the biggest hurdles for a new NYC business is how money is handled, especially in the first years of business operations. It is important that each individual business owner be secure in the finances before starting a business. It is common for new businesses to be in operations […]

Financial goal setting is one of the best ways to improve a person’s financial standing and build wealth. No matter your age, it is important to have both short-term and long-term goals. Your financial goal setting process should evaluate where you are financially and where you’d like to be down the line. Goals should be realistic, measurable […]

Common belief is that the services of a certified financial planner are only necessary if an individual has a high net worth. However, even those with small portfolios can benefit from the skills of a certified financial planner. These highly qualified individuals have passed a national test in order to demonstrate their proficiency in handling investments, taxes, retirement […]

Starting a business and working for yourself is the American Dream. Unfortunately, according to Bloomberg, as many as 80 percent of new businesses fail within the first two years. The majority of those businesses fail because the owners did not adequately plan for the financial hardship of starting and maintaining a business. Following a financial planning […]

Planning for the future and creating wealth are important for individual success. However, many people feel that they do not have the skill required to properly manage and grow their finances. The truth is, there are five simple steps that everyone can follow in order to save money, get out of debt and improve their financial standing. […]

Every business, be it large or small, is affected by the Affordable Care Act (ACA). ACA changes how organizations view health benefits, provide those benefits to employees and report on those benefits. According to ADP, many employers lack a true understanding of what ACA means for their business and are therefore failing to make the necessary plans to be […]

Enacted in 2010, the Affordable Care Act (ACA) established guidelines for comprehensive health care reform. The ACA provides guidelines for how employers are to provide, administer and report on health coverage. Failing to provide health coverage or failing to accurately report on offered coverage can be detrimental to an organization’s bottom line. In 2015, a number of the ACA compliance reporting mandates […]

Correctly recognizing revenue is an important accounting function for all organizations. Often, it is not as simple as recording a sale when it is made.  In order to conform to generally approved accounting practices (GAAP), organizations must account for their revenue in specific ways. For consistency, once an organization begins using a revenue recognition method, it […]