Thanks for visiting the Web page of Tony Novak, CPA, MBA, MT, a Philadelphia-based accountant and tax adviser who contributes to a wide range of online media publishers on topics that include consumer finance, environmental and fiscal sustainability and health care reform. I welcome relevant comments, input and feedback.
November 4, 2013 - The complete PowerPoint presentation for the New Jersey Society of Certified Public Accountants Webinar delivered November 4, 2013 to reporters and CPA members is available for reference or download.
There are two ways to avoid the new ACA Medicare tax that would otherwise cost average upper middle class taxpayer an additional $2,000 per year. The first way is to avoid triggering the tax at all. These tax strategies are most effective if planning starts well in advance. The second approach is to minimize the basis of the tax assessment after it is triggered. (more to come in a new article later this week).
The feedback on an article I wrote recently on financial planning was kindly worded: "You have a refreshingly fresh perspective". If we believe that everything happens for a purpose, then I should believe that my non-traditional background and career was specifically intended to contribute to a unique financial planning perspective. Whatever the reason, I am pleased to be in a position to offer some innovative strategies to boost individual and small business accounting, financial management and business planning.
I hope that you gain some benefit from the articles that are republished here on this Web site. However, keep in mind that some strategies in earlier articles may be outdated so I urge you to call to discuss some fresh ideas toward your own tax and financial management.
9/15/2013 I agreed to write an article for the January 2014 edition of the NJSCPA magazine. The article will focus on essential consumer information about health reform. We expect the topic will evolve over the next few months with trends evident by November.
7/29/2013 I resigned as a member in good standing from the Pennsylvania Institute of Certified Public Accountants. The decision to leave this strong organization was simply a matter of cost vs. benefit for my practice. I remain very active in the New Jersey Certified Public Accountants association and the cost of duel membership in both societies was considerable.
4/2/2013 I gave an interview to the editor of Insurancenewsnet about development of the health insurance navigator program and my struggles with the www.OnlineNavigator.org project.
4/1/2013 article update: Financial planning in the age of austerity
editorial: Know Who to Trust: Straight Talk on Choosing a Financial Adviser (8/9/2012) and a formatted version Word document can be downloaded from here.
Article: Fee-only vs. fee-based financial planning: which is best for me? (6/24/2012)
CPA license announcement (6/5/2012)
Article: "2012 tax planning for remodelers" in Qualified Remodeler (3/21/2102)
A four page "Step-by-step guide to reducing small business health insurance costs in 2012" is available in PDF format. (1/14/2012)
New article for accountants and business advisers (1/19/2012):
Eight factors that determine the success of health reform transition in a small business
Blog post "Less than half of us believe in the American Dream" discusses a disturbing trend among young adults
Thanks for visiting.