If You Handle Payment Cardholder Data, PCI Compliance Is a Requirement, Not an Option

You’ve probably read news stories about data breaches involving major brands and the exposure of credit cardholder data. Just this year, Sears, Macy’s, Panera Bread and Under Armour reported hacks that compromised customer data. However, most data breaches don’t make headlines because they involve much smaller businesses. In fact, according to the Verizon Data Breach […]

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LFL Veritas attends the We Make – Autism at Work launch event

On October 17, 2018 – Rich Feld, Jay Levine, Laura Yaeger, and Jesse Herschbein attended the official launch party of We Make – Autism at Work at their facility in Pennington, NJ. We Make – Autism at Work is an organization that creates an innovative approach to work for people with autism, with everything from […]

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Why a Levy Should Never (Ever) Be Ignored

In a previous post, we discussed liens, the different types, and what to do if you have a lien against your property. A lien is a legal claim placed on a property that you own or use, such as your home or car. A creditor may file for a lien so they can take possession […]

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What Is a Lien and What Should You Do About It?

When the average person hears the term “lien,” they probably think of a lien on a house that can slow down the sale of a home. Liens are fairly common in the world of real estate, but they can be granted in a wide range of transactions that involve borrowing money to make a purchase. […]

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Contribute to the NJCPA Food Drive, sponsored by the Emerging Leaders Council

LFL Veritas is proud to participate in the annual New Jersey Society of CPA’s Food Drive to support the Community FoodBank of New Jersey. The NJCPA Emerging Leaders Council is sponsoring a food drive to benefit the Community FoodBank of New Jersey which works to provide support to more than 1,600 agency programs in the fight against […]

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LFL Veritas’s Jesse M. Herschbein, CPA, CGMA, Recognized with the NJCPA Volunteer Award

Congratulations to LFL Veritas’s own Jesse M. Herschbein, CPA, CGMA, on being one of the 29 NJCPA Volunteer Award recipients. Ralph Albert Thomas, CEO and executive director, NJCPA, says, “The Volunteer Award is a great way to say ‘thank you’ to many of our members who truly give back to their communities, their local schools […]

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5 Things to Know Before You Turn Your Home into a Rental Property

There are a number of reasons to turn a home into a rental property, or investment property, whether it’s your primary residence or a second/vacation home. If you had planned to sell and the housing market is weak, it might make sense to hold onto that property, rent it out to cover the mortgage payment, […]

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Have Foreign Bank Accounts? Know the Rules and Tax Implications or Else

It’s common, and perfectly legal, for Americans to have bank accounts in foreign countries. Many Americans are or were citizens of foreign countries and visit those countries often, while others live abroad full-time. They might have a family, own property and pay bills in another country. Some people just travel frequently to certain destinations and […]

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The Value and Core Components of a Business Plan

Think of a business plan as a roadmap for a new company. An effective business plan is a document that provides an overview of your operations, objectives, and expectations for the next three to five years, as well as an explanation of your strategy for achieving those goals and meeting those expectations. Maybe you want […]

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7 Questions to Ask when Planning Your Exit Strategy

When you mention “exit strategy,” the average business owner hears “cha-ching.” In other words, “my exit strategy is to sell my company for a huge profit.” That may very well be the end result, but it’s not the only exit strategy, and many things need to happen before you get to that point. Here are […]

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