Wiss, Author at Wiss & Company, LLP

Pursuing the American Dream

Written on May 10, 2022. Posted in Wiss Gets Personal.

By Arnold Macalintal Whenever I think of grit, determination, and more importantly giving, I think of my father, Teofilo Macalintal. My father grew up in the municipality of Alitagag in the province of Batangas in the Philippines. The family didn’t have much growing up and being one of 12 children, there was even less to go around. He found himself running around with gangs in his younger days and had the fading tattoos on his hands to show for it. He could have easily stayed on...

SBA Releases Loan Necessity Questionnaire’s for Large Borrowers

Written on November 2, 2020. Posted in Advisory Services.

By: Travis Miskowitz After many months of waiting and speculation, on Monday October 26th, 2020 the Small Business Administration issued a notice stating the intended release of two new forms available here relating to FAQ – questions #31, which describes each borrowers good faith certifications that current economic conditions made the PPP loan necessary to support ongoing business operations. While this guidance was not available at the time business could apply for the PPP loan...

Do You Qualify for the New Jersey PILOT Program?

Written on October 26, 2020. Posted in Real Estate.

By Alexander J. Narcise and Michael Kroll Under New Jersey’s Payment In Lieu of Taxes (“PILOT”) program (N.J.S.A. 40A:20-1), many distressed areas of the state are seeing a resurgence. The PILOT program allows municipalities to exempt developers from full property taxes for a set period of time when making improvements to existing buildings or creating new projects in areas in need of redevelopment, aiming to encourage commercial, residential, and industrial development. Developers...

Why Your Business Should Embrace Digital Transformation

Written on July 30, 2019. Posted in Advisory Services.

The term “digital transformation” probably sounds a bit intimidating – like something beyond your capabilities and a drag on your business in trying to undertake it. So let’s start with a basic definition that’s not quite so off-putting. Digital transformation is simply your efforts to integrate digital technology into all areas of your business. The right mix of digital technology solutions will make your company run smoother and more productively internally, and yield bottom-line,...

Leverage Automation to Enhance Your Accounts Payable System

Written on June 4, 2019. Posted in Technology.

Your organization has embraced advanced technology everywhere it seems to fit. In that way, you’re staying competitive in your industry and meeting the expectations of clients or customers. Nonetheless, if your accounts payable people aren’t leveraging technology to streamline workflow, your company is still missing the mark. Sometimes you don’t know what you’re missing until you make a change. Here are some of the leading benefits of a changeover to an automated AP system. Workflow...

Contractor Billings: Management, Strategy, & Effects on the Financial Statements

Written on May 14, 2019. Posted in Construction.

Updated 7/30/2019. In the construction world, management is key. It takes a tenured project manager to have a successful and profitable job, so when it comes to the billing department, take a strategic approach. Contractor billing breakdown Now some may be asking, “Why does billing matter? Don’t contractors earn revenue regardless of how much they bill?” And that is true – Generally Accepted Accounting Principles (GAAP) state that to be accurate, the best way for a contractor...

Today’s Software Solutions Vastly Improve HR Staff Productivity

Written on April 29, 2019. Posted in Advisory Services, Human Resources.

Updated 7/30/2019. I recently visited a client company with over 750 employees. The HR staff kept track of vacations on a spreadsheet. Anyone considering taking time off would first call up some poor overworked HR rep and see how many days they had remaining. That rep would have to then manually update the remaining totals. I have to imagine that was pretty much how that staffer spent his or her summer months at work. This same company had a total of about ten spreadsheets keeping...

4 Ways to Onboard Your Employees the Right Way

Written on April 22, 2019. Posted in Human Resources.

The onboarding process is your company’s first involved interaction with your new employees. Waiting until they walk in the door on the first day can be too late. An effective onboarding process begins from the moment your candidates accept the job. You’ll want to show them they made the right decision and be able to make the most of the new job from day one. Here are four ways to get their career journey at your company off to the best possible start. Begin early. Plan to connect...

How a Mentorship Might Advance Your Career

Written on April 16, 2019. Posted in Human Resources.

By Kevin Kurtz Updated 7/29/2019 You’ve graduated from college with a degree that should give you a good starting point to a gratifying career. But you don’t actually have that job yet. Do you know which career positions to pursue? Large employer or small? Relocate or stay local? From point of graduation forward, it can be beneficial to have the insight and advice of someone older who’s been where you hope to go. Someone who has navigated the obstacles and blind alleys you’re about...

Recruiting for Millennials

Written on April 10, 2019. Posted in Human Resources.

By Kelsey Silverstein Developing a recruitment strategy that targets millennials is no longer a future concern. It is a present-day prerequisite to obtain top talent. In order to attractively advertise your company to these young professionals, we first need to define them. So, who are Millennials? Millennials are a cohort that range from ages 23-38. In 2017, Pew Research Center found that 56 million Millennials were either working or actively seeking employment, surpassing Gen-Xers....

Author: Wiss