About Danielle Norcross

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So far Danielle Norcross has created 35 blog entries.

The IRS has changed the rules for deducting business meals

One of the changes made by the Tax Cuts and Jobs Act passed last November eliminated the tax deduction for business related entertainment expenses.  Employee business expenses, such as meals & entertainment, travel, and dues were also eliminated.  The tax deduction for business meals wasn’t addressed, and many people also thought it was also eliminated. About a week ago, the IRS announced that the tax deduction for business meals had not changed.  If you’re interested, you can view the notice at https://www.irs.gov/pub/irs-drop/n-18-76.pdf . These are the rules in plain English: The meal has to be directly related to your business It can’t be extravagant You have to be there The meal has to be with a current or potential customer, or a business contact If the meal is provided during entertainment, the meal must be billed separately You have to keep a log of meal expenses to document the time, place, amount, reason, and who you met Only half of the cost of the meal is deductible There are of course limits and exceptions.  In some instances, such as client appreciation dinners or staff meetings, the rules and amount of the deduction are different.   Frank F. Monetti, CPA, MAcct

By | 2018-10-24T11:58:09+00:00 October 24th, 2018|Business Advice, Productivity|0 Comments

Guide To The New Paid Sick Leave Law, effective October 29, 2018

GUIDE TO THE NEW PAID SICK LEAVE LAW Assembly Bill No. 1827, concerning earned sick leave for employees, was recently signed into law and goes into effect October 29, 2018. General Information: Sick leave applies to all workers, full- and part- time, employed in the State of New Jersey, with the exception of: construction workers under contract pursuant to collective bargaining: per diem healthcare employees; or public employees already provided with sick leave. Beginning on October 29, 2018, or on the date that the employee is hired (whichever occurs later) employee earns one (1) hour os sick leave for every 30 hours of work. Sick leave must be paid at the same rate and with the same benefits that the employee normally earns. The pay rate shall not be less than minimum wage. Employees can use sick leave after 120 calendar days from start of their employment. Employees can earn up to 40 hours over a 12-month consecutive period, also known as benefit year. Employers cannot require the employee using sick leave to find a replacement to cover the hours that they are using sick leave. To learn more: State Chamber Paid Sick Leave Guide (1)

By | 2018-09-14T15:29:02+00:00 September 14th, 2018|Business Advice, Chamber News, Featured|2 Comments

  Greater Toms River Chamber Names New President/CEO

Karen Hershey chosen to lead the Chamber. The Greater Toms River Chamber of Commerce has named Karen Hershey as the Chamber’s new President/ CEO, effective August 6, 2018.  Karen Hershey replaces Noelle Carino who left the Chamber after leading the organization for three years. As President/CEO, Hershey will oversee the Chamber’s operations as well as work with staff to ensure that Chamber programs and services provide the highest degree of value and benefits to its members.   “I am honored to have been selected for this position,” said Hershey.  “The Greater Toms River Chamber of Commerce has steadfastly served the Toms River business community for 100 years, and I am humbled and excited to lead the Chamber as we begin this new chapter. My immediate goal is to ensure that the services we provide to our members will enable them to succeed and prosper.  I am also looking forward to strengthening our existing partnerships and building new ones with local coalitions, governments and non-profit organizations to promote a strong local economy and support the community.” Before joining the Chamber, Hershey served as Executive Director of New Jersey’s Site Remediation Professional Licensing Board, where she was responsible for managing the organization’s

By | 2018-08-09T22:11:49+00:00 August 9th, 2018|Chamber News, Featured|Comments Off on   Greater Toms River Chamber Names New President/CEO

Jets and M&T Bank To Award A Local Business With $100,000 Sponsorship As Part Of A Small Business Showcase

The Small Business Showcase is Presented by M&T Bank, the Official Community Bank of the New York Jets and will begin accepting applications on May 3, during National Small Business Week May 3, 2018 – The New York Jets are calling for all eligible* local small businesses to enter the first ever New York Jets Small Business Showcase presented by M&T Bank. Following the application period, five small business finalists will be invited to attend Pitch Night at the Atlantic Health Jets Training Center during the week of July 9th, where they will present to a panel of Jets and M&T Bank executives for final consideration. The winning small business will receive a $100,000 sponsorship with the New York Jets for the 2018 football season. “With the support of our partner M&T Bank, we look forward to implementing the first ever New York Jets Small Business Showcase,” said New York Jets President Neil Glat. “This program will provide a local small business access to an NFL team and its unique resources. We are excited to share this opportunity with small companies in our community and look forward to meeting some of the special individuals that lead these businesses.” Eligible small

By | 2018-05-14T14:08:48+00:00 May 14th, 2018|Featured|Comments Off on Jets and M&T Bank To Award A Local Business With $100,000 Sponsorship As Part Of A Small Business Showcase

Toms River Green Team sponsors “Spring Six” Parks Challenge

      Contact:  Stacy Proebstle                                                                    FOR IMMEDIATE RELEASE Public Information Officer                                                                         Friday, March 23, 2018 Township of Toms River (732) 341-1000 Ext. 8234   Toms River Green Team sponsors “Spring Six” Parks Challenge (Toms River, NJ) Love the outdoors?  Whether you enjoy playing sports, the water or simply taking in a breathtaking view, you can do it all at Toms River’s beautiful parks. From March 30 – April 8, the Toms River United Sustainability Team (TRUST), is challenging residents to get out and get active in six of Toms River’s beautiful parks. The Toms River United Sustainability Team is proud to partner with Keller Williams Realtors “The O’Shea Group” and Dakan Homes to provide over $450 in prizes.  Awards will be provided for Best Individual Photo, Best Video, Best of All 6 Parks (photo or video), Fan Favorite (most likes) per age category for elementary, middle and high school students.  In addition, prizes for all around categories will be awarded for Best Promoter (most tags back) and Best Group/Team Picture. To join the challenge and be eligible for prizes, go to the TRUST Facebook page @sustainableTRNJ, and sign up for the event by clicking “going” on the event page.  Then

By | 2018-03-26T19:07:18+00:00 March 26th, 2018|Featured, Lifestyle|Comments Off on Toms River Green Team sponsors “Spring Six” Parks Challenge

Ocean County Mall Statement Regarding Sears – update

SIMON BEGINS TRANSFORMATIONAL REDEVELOPMENT AT  OCEAN COUNTY MALL Toms River, NJ April 9, 2018 —Simon, a global leader in premier shopping, dining, entertainment and mixed-use destinations, has announced a transformational redevelopment for Ocean County Mall. The plan includes more stores, dining and fitness for Ocean County Mall with construction to start this fall with completion by early 2020. “We are excited to redevelop the former Sears store with uses that will benefit the community and the existing retailers in these properties,”said Michael E. McCarty, Chief Operating Officer, Simon Malls. About Ocean County Mall Ocean County Mall, located in Toms River, NJ, is the area's ONLY indoor shopping mall. Whether you're a fashionista, an electronics nut or you need something for the kiddies, we've got you covered with our 120 specialty stores. Hungry? We can help with that too, whether you want to bring the family to Applebee's, Ichiban, Bahama Breeze, Stewart's or just grab a coffee at Starbucks. About Simon Simon is a global leader in the ownership of premier shopping, dining, entertainment and mixed-use destinations and an S&P 100 company (Simon Property Group, NYSE:SPG). Our properties across North America, Europe and Asia provide community gathering places for millions of

By | 2018-04-16T21:11:25+00:00 March 21st, 2018|Featured|Comments Off on Ocean County Mall Statement Regarding Sears – update

A Commerce Wish List on Minimum Wage Issue

Higher minimum wage is coming; the question is how gradually it will be phased in, and whether some seashore tourism businesses will be exempted, commerce leaders said at a recent seminar. From the national and state chambers of commerce, area businesses heard the latest on that and other upcoming policies that will potentially impact small businesses. Thomas M. Sullivan, vice president of Small Business Policy, U.S. Chamber of Commerce, and Thomas Bracken, president and CEO of the New Jersey Chamber of Commerce, spoke at the luncheon held by the Ocean County Commerce Coalition and sponsored by TD Bank. A delegation from the Southern Ocean County Chamber of Commerce was at the event, held in Toms River. “We have a governor who campaigned heavily on a $15 minimum wage,” Bracken began. “I don’t want to speak for the room, but I think it probably scares the majority of folks sitting in this room who look at their business models and say, ‘What do I do with a $15 minimum wage, and how am I going to have to raise prices or who am I going to have to lay off?’ “Minimum wage is going to change; there is no two ways about it,” he

By | 2018-03-07T13:43:14+00:00 March 7th, 2018|Business Advice, Chamber News|Comments Off on A Commerce Wish List on Minimum Wage Issue

Freeholder Director Little Thanks Local Congressmen For Their Efforts To Stop Gas And Oil Drilling Off The New Jersey Coast

IT LOOKS LIKE Ocean County dodged a bullet, thanks in part to the efforts of US Representatives Chris Smith, Tom MacArthur and Frank LoBiondo, all R-NJ. “Recent press reports say that the Department of the Interior is no longer interested in pursuing off-shore drilling off of Southern New Jersey,” said Freeholder Director Gerry P. Little. Little said the Congressmen met recently with Interior Secretary Ryan Zinke, who indicated that drilling at the Jersey Shore is no longer a priority. According to published reports, the delegation was confident that New Jersey would be removed from the list of potential drilling sites, with Smith going as far as to say, “I think for all practical purposes we won’t be seeing oil drilling off the coast of New Jersey." The Freeholders praised the Congressmen for their willingness to fight for the Shore. “There is no need to tell you about the environmental and economic benefits of the coastline,” the Freeholders said in a letter to each representative. “Tourism is an annual $4.6 billion industry in Ocean County alone. Our sandy beaches and pristine waterways are the reason so many people choose to both visit and live in Ocean County. Protecting these resources has

By | 2018-03-07T13:38:24+00:00 March 7th, 2018|Featured|Comments Off on Freeholder Director Little Thanks Local Congressmen For Their Efforts To Stop Gas And Oil Drilling Off The New Jersey Coast
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