What is the Flint assessment? The NJ DOL borrowed money from the federal government to pay Unemployment Insurance Benefits. NJ law requires the government to pass on the interest costs of the loan to NJ employers. Is this something new? It’s comparatively new. This is the third year of the assessment. How much is it? [...]

It’s not uncommon for one’s spouse to work in the family business, whether as office manager or in some other capacity. Let’s assume that Dr. Sally Surgeon owns a medical practice. Her husband, Josh, is in charge of all IT operations and billing. Is it worthwhile for both spouses to receive a salary? At first [...]

On Tuesday, June 4, 2013, Urbach & Avraham will be hosting a fascinating and informative presentation by Bonnie Kantor, a Constant Contact Authorized Local Expert. She will be presenting a guided demonstration on the tools and features of Constant Contact’s email marketing system. This event is part of an ongoing series of seminars by Urbach & Avraham, CPAs, to help businesses increase their revenue through marketing and finance management. The event is free, but space is limited.

Beginning May 7, 2013, employers must use a new and revised version of the Employment Eligibility Verification Form I-9 for new hires (employees who do not require re-verification do not need a new form). Form I-9 has been expanded from one page into two, and has several revisions including additional data fields and improved instructions.

Congratulations to Claire Snow on her well-deserved designation as a Certified Public Accountant (CPA). Claire passed all four sections of the CPA exam on the first sitting. As an integral member of the Urbach & Avraham team for the past 7 years, Claire has continually refined her tax and accounting skills. Clients from a wide range of industries have benefited from her expertise, including medical and health care practices and staffing agencies.

On Thursday, February 7th, 2013, Pamela Avraham will be giving a free informative seminar on some key provisions of the new tax law passed on Jan. 2, 2013. Pamela will clarify how the new tax laws are impacting individuals as well as businesses in 2013.

The Newark Star Ledger recently turned to Pamela Avraham of Urbach and Avraham, CPAs for her take on the effects of the 2012 FUTA increase for NJ employers . This FUTA increase is now payable in Jan. 2013 and came as a surprise to many employers. Pamela was quoted in the January 20, 2013 edition, describing the challenge that many staffing agencies face due to the increase. Urbach & Avraham is especially attuned to concerns regarding the FUTA increase, as we service many staffing agencies and small businesses. These firms are going to be impacted more significantly, as they tend to have a larger number of low wage employees.

Urbach & Avraham will be hosting a Constant Contact seminar on Tuesday, Februaury 5, 2013.

Congratulations to Partner Pamela Avraham on her well-deserved certification as a Certified Fraud Examiner (CFE). It comes as no surprise that Pamela passed all four sections of the CFE exam on the first sitting, as she has used her forensic skills in preventing and detecting fraud for over 25 years.

Unless NJ repays the loan in 2013, the penalty tax will increase again to 0.9% for 2013. You might want to budget for this in your April, July and October 2013 FUTA payments.