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Fixed vs. variable costs: How to compute breakeven 1600 1066 smolinlupinco

Fixed vs. variable costs: How to compute breakeven

Breakeven analysis can be useful when investing in new equipment, launching a new product or analyzing the effects of a cost reduction plan. The breakeven point is fairly easy to calculate using information from your company’s income statement. Here are the details. Analyzing your costs Breakeven can be explained in a few different ways. It’s…

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House Tax Bill Released 150 150 smolinlupinco

House Tax Bill Released

On November 2, 2017, the House of Representatives released a draft tax reform bill titled the “Tax Cuts and Jobs Act.”  The bill would reduce individual and business tax rates, would modify or eliminate a variety of itemized deductions as well as repeal the estate and alternative minimum taxes, and would change the taxation of…

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The Disaster Act 150 150 smolinlupinco

The Disaster Act

On September 29, President Trump signed the Disaster Tax Relief and Airport and Airway Extension Act of 2017 (the Disaster Act) into law. The legislation includes several new tax breaks for Hurricane Harvey, Irma, and Maria victims and a few tax breaks for everybody. Unless you or your business was directly affected by one of…

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The New York State Paid Family Leave Act 150 150 smolinlupinco

The New York State Paid Family Leave Act

In 2016, Governor Cuomo signed into law the nation’s strongest and most comprehensive Paid Family Leave policy. Starting January 1, 2018, the New York State Paid Family Leave Act (PFLA) will provide New Yorkers job-protected, paid leave to bond with a new child, care for a loved one with a serious health condition or to…

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All You Need to Know on the Equifax Data Breach 150 150 smolinlupinco

All You Need to Know on the Equifax Data Breach

There is a high probability that you were impacted by the Equifax data breach. The breach, which is estimated to have impacted 143 million Americans – nearly half the US population – is considered one of largest data breaches in history. Let’s Get Some Facts out There: What is Equifax? And why do they have…

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Trump’s Tax Plan – How Will It Affect You? 150 150 smolinlupinco

Trump’s Tax Plan – How Will It Affect You?

U.S. Treasury Secretary Steven Mnuchin said on August 31, 2017 that President Donald Trump’s administration has a detailed plan on tax reform and is on track to get it through Congress by year-end. President Trump has asked for a corporate tax rate of 15 percent, down from its current 35 percent. He also wants to…

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The Importance of Substantiation and Documentation 150 150 smolinlupinco

The Importance of Substantiation and Documentation

In a U.S. Federal Income tax world that is ever more complicated, it is as important as ever to keep good records, seek appropriate professional tax advice, and be vigilant in using your knowledge and judgment in the application of the law as it pertains to your own personal and business situations. Over the past…

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Meet the President of NJ Elks Association! Our Very Own 150 150 smolinlupinco

Meet the President of NJ Elks Association! Our Very Own

The following post is an article by A.S.K. The writer that wrote the article below is not affiliated with Smolin in any way. Anyone who has had the pleasure to meet John M. Szczomak, of the Passaic Valley Elks Lodge #2111, quickly realizes that he has a passion to serve and help others in need.…

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Lenders Face NIM Squeeze as Fed’s Rate Increase Plan Gets Underway 150 150 smolinlupinco

Lenders Face NIM Squeeze as Fed’s Rate Increase Plan Gets Underway

By Barry M. Pelagatti With the Federal Reserve committed to a slow but steady rate hike program in 2017, lenders face a net interest margin (NIM) squeeze that may exacerbate recent years’ long thinning of the margin and increase funding challenges for many middle-market and regional banking institutions. Though the Fed elected to hold rates steady…

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Why Do Businesses Fail? 150 150 smolinlupinco

Why Do Businesses Fail?

By Henry Rinder, CPA, ABV, CFE, CFF, CGMA Entrepreneurship is the American way. Our country thrives on capitalism, and historically, small businesses create most new jobs. However, business enterprises are not without risk. For example, statistics show that approximately 50% of all new businesses fail within the first 5 years. There are many reasons businesses…

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PErspective in Manufacturing 150 150 smolinlupinco

PErspective in Manufacturing

A FEATURE EXAMINING THE ROLE OF PRIVATE EQUITY IN THE MANUFACTURING SECTOR. The new administration’s pro-economic growth agenda has spurred optimism among the investment community, and most agree the coming year is primed for a healthy cadence of deals. In fact, in a poll BDO conducted in January, 71 percent of fund managers characterized the investment…

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BDO USA, LLP Raises $75,000 for Red Nose Day 150 150 smolinlupinco

BDO USA, LLP Raises $75,000 for Red Nose Day

Provided by Business Wire.  National Accounting Firm’s Leaders Take Pies to Face for Children’s Charity May 31, 2017 10:00 AM Eastern Daylight Time CHICAGO–(BUSINESS WIRE)–BDO USA, LLP, one of the nation’s leading accounting and consulting firms, recently raised $75,000 during a two-week employee fundraising drive in support of Red Nose Day, the Comic Relief charity…

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