business: Beige Book Released By Federal Reserve For July 2008 - 07/29/08 05:13 PM
The Federal Reserve recently published their latest issue of the Beige Book. It is available online. The following is a brief list of it's overall (national) summary findings (using data as of July 14th):1. Economic activity slowed somewhat since the last report.  St. Louis said activity was stable and San Francisco reported little or no growth. Cleveland and Minneapolis reported slight increases in economic activity, while Dallas described growth as steady and moderate.  2. Consumer spending was sluggish or slowing over most of the county due to higher gas and food prices.  Tax rebates boosted sales for some items, such as electronics.   Vehicle sales were poor, … (0 comments)

business: Buy Local - Save Gas - Go Green - 06/26/08 07:45 AM
Many municipalities are realizing that local businesses, attractions and events may benefit from the current high gas prices.  Shop Local!  As most people I come in contact with are seeking to minimize their driving costs, this is a great opportunity for local business to stress their high quality and often unique products and services that are becoming much more cost-effective for local community members.Communities in New Jersey, such as Haddonfield and Moorestown, which are already known for their local shops and leisurely outdoor cafes and restaurants have a distinct advantage in stressing convenience, variety and pedestrian friendly environments.  Others are starting to … (0 comments)

business: Beige Book Released By Federal Reserve For June 2008 - 06/11/08 05:55 PM
The Federal Reserve recently published their latest issue of the Beige Book. It is available online. The following is a brief list of it's overall (national) summary findings (using data as of June 2nd):1. Economic activity remained weak since the last report. Economic activity was weak, soft, sluggish, modest in all Districts, except Philadelphia, Atlanta, Cleveland, St. Louis and San Francisco which had stable or little change. 2. Consumer spending slowed over most of the county due to higher gas and food prices. Retail sales were mixed with stable to higher inventories. Vehicle sales were weak, especially for SUVs and trucks, but solid for hybrid and … (3 comments)

business: New Jersey Paid Family Leave Legislation Now State Law - 05/03/08 02:57 PM
Governor Jon Corzine signed into law paid family leave legislation, A873 - Albano (D1), Oliver (D34), Greenstein (D14), DeAngelo (D14)/S786 - Sweeney (D3), Buono (D18), in a ceremony held on Friday at the State House.  New Jersey is the third state to inact paid family leave legislation, along with California and Washington.The legislation allows for six weeks of paid leave to care for a newborn or newly adopted child or sick parent, spouse or child. The legislation went into effect immediately upon signing. Any employee applying for this paid leave will be eligible to receive benefits after a waiting period of seven consecutive days.  Employers can require … (0 comments)

business: Beige Book Released By Federal Reserve For April 2008 - 04/16/08 03:46 PM
The Federal Reserve recently published their latest issue of the Beige Book. It is available online. The following is a brief list of it's overall (national) summary findings (using data as of April 7th):1. Economic activity has slowed since the last report. Business activity has weakened in all but three Districts, Richmond, Boston and Cleveland, which has mixed or steady activity.2. Consumer spending was softening over most of the county. Vehicle sales and retail activity were reporting year over year declines.  Retail inventories are steady or rising.  Philadelphia noted some relative strength in demand for luxury goods3. Tourism generally was described as strong, particularly due … (0 comments)

business: FYI: State New Economy Index - 03/12/08 01:07 PM
The State New Economy Index, which was most recently released in 2007 by the Ewing Marion Kauffman Foundation and the Information Technology and Innovation Foundation (ITIF), provides a state-by-state analysis of how state economies are transforming from an over aged industrial economic model based on "smokestack chasing" in which economic development success is measured by the number of big company relocations rather than in the creation and retention of high value-added, high-wage jobs.The 2007 Index, expanding on two earlier reports issued in 1999 and 2002, uses 26 indicators from a variety of sources to rank each state on the extent to which their … (0 comments)

business: Beige Book Released By Federal Reserve For March 2008 - 03/06/08 04:08 PM
The Federal Reserve recently published their latest issue of the Beige Book.  It is available online. The following is a brief list of it's overall (national) summary findings (using data as of February 25th):    1. Economic activity has slowed since the beginning of the year.  Business activity was weakened, slowed or subdued.2. Consumer spending reports were generally "downbeat" or unchanged.  Vehicle sales were slow or sluggish.  Retail activity was reported as weak or softening.    3. Tourism generally continued to expand, although with some areas of softening. 4. Reports were mixed in nonfinancial service industries. Activity for transportation services was weaker. Temporary staffing also reported mixed demands.5. Manufacturing was varied but generally subdued, with continued … (0 comments)

business: IRS Seeks New Issues for the Industry Issue Resolution Program - 03/04/08 08:22 AM
The Internal Revenue Service is encouraging business taxpayers, associations and other interested parties to submit to the Industry Issue Resolution (IIR) Program tax issues for resolution involving a controversy, a dispute or an unnecessary burden on taxpayers.The objective of the IIR program is to resolve business tax issues common to significant numbers of taxpayers through new and improved guidance. In past years, issues have been submitted by associations and others representing both small and large business taxpayers, resulting in tax guidance that has affected thousands of taxpayers.More details...
Prior IRS Example of IIR Issues Accepted by IRS in 2007
Source: IRS IR-2008-31For real … (0 comments)

business: New Jersey Identity Theft Protection - 02/16/08 12:56 PM
The New Jersey state government is actively developing and implement laws to protect the local individual against identity threats.  Just as with the federal government, the NJ state government is focusing on making it harder to illegally obtain identity information by requiring users and holders of identity information to maintain proper protection procedures.  New Jersey has passed tougher laws which went into effect during 2006.   It is important that you become aware and more importantly, become compliant with the new information security requirements.According to New Jersey's Office of Attorney General, the "Identity Theft Prevention Act," which took effect on January 1, 2006, is the most comprehensive and … (0 comments)

business: Business Articles By Sub-Category - 02/08/08 02:20 PM
The purpose of this entry is to attempt to group and sub-categorize my business related articles by main topics.Business articles include information about starting a business, growing a business, outside effects on your business, how to avoid preventable problems and guidelines for planning for disaster and how to recover if a disaster strikes...
Business - GeneralBusiness DevelopmentBusiness - to - BusinessCommercial Real EstateDisaster ResourcesEnergy ConservationEnergy SavingsFederal Reserve System (Beige Book)Government DataGreenInternationalLegislationPersonal DevelopmentSafetySecuritySmall BusinessTechnologyTaxes[Return to Main Category Index]For real estate resources, help and support services in acquiring or selling properties in New Jersey and Pennsylvania, Visit my web site: LawrenceYerkes.com    and visit Besthomes-NJ.com to shop for the latest … (0 comments)

business: IRS: "Filing Season Central" and Resource for Small Business and the Self-Employed - 02/08/08 01:37 PM
Filing Season Central is your one stop assistance center for filing your business returns. This includes Highlights of Tax Law Changes, Tax Tips for 2008, and more.  It's designed for small business and the self-employed -- Everything you need to keep current and compliant with the Tax Law and it's changes.   (Source: IRS)Small Business and Self-Employed "Filing Season Central"
The IRS website also provides a wide variety of important information to help running a small business and for self-employeds: "Small Business and Self-Employed One-Stop Resource" See also my other Tax and Business related articles.For real estate resources, help and support services in acquiring or … (0 comments)

business: Beige Book Released By Federal Reserve For January 2008 - 01/16/08 05:48 PM
The Federal Reserve recently published their latest issue of the Beige Book.  It is available online. The following is a brief list of it's overall (national) summary findings (using data as of January 7th):    1. Economic activity increased modestly since the last report, but at a slower pace.  Expansion was characterized as moderate, modest and mixed. The economy grew at a slight increase in seven Districts, two reported mixed conditions and three reported slowing.2. Consumer spending during the holidays was reported as subdued with continued weakness in auto sales.  Overall outlook among retail merchants for 2008 is cautious.    3. Tourism activity was generally positive. 4. Most reports cited robust demand in several nonfinancial service industries including health care, hospitality, … (0 comments)

business: Tips For Playing With The Federal "Kiddie Tax" - 12/29/07 02:53 PM
A past month article in FSB discussed the federal limits parents can shift to a child to take advantage of the youth's lower tax rate.  The Small Business and Work Opportunity Tax Act of 2007 includes changes to the "Kiddie Tax".   For example, it states that...
You are eligible for a tax break if:* In tax year 2007, your child reports under $1,700 in passive investment income.
* In 2006 your childe was 18 or younger. In tax year 2008 the age rises to 19 years (up to 24 for full-time students).
Strategies:
* Transfer growth investments, which don't throw off much income, to a child's account* Hire your child.  … (0 comments)

business: New Year's Resolutions You Should Make - 12/29/07 06:30 AM
REALTOR Magazine offered tips for starting the year on solid ground by being organized, following up with clients, and reaching your sales goals. I believe they applyl to any type of business. Following is the summary of those resolutions.I resolve to...Develop a business plan.Create checklists and action plans for the upcoming year.Plan out my marketing activities for the new year.Get organized. Regarding you desk, take one of three F.A.T. actions:F: File it!A: Act on it!T: Trash it!Update and revise my sphere of influence list (S.O.I.).Read articles related to my profession.Write down my goals down and look at them daily.Note: According to a … (0 comments)

business: Seven Tips To More Confidence - 12/29/07 06:25 AM
There are many aspects to becoming more successful. An important component is confidence. A recent Realty Times article discusses seven powerful tips to more confidence. Before you create your next marketing plan, check your confidence level.The seven confidence building tips discussed in the article are:Focus on What You Want. (Ask, "What DO I want?")Tame your Inner Gremlin. (STOP; Take a Deep Breath; Replace with A Positive Thought.)Clear your Inner Conflicts. (Overcome resistance.)Create a Successful Future Self. (Visualize.)Only engage in interactions that are win/win. (Listen to your gut/hunches.)Practice extreme self care and self maintenance. (Protect your health and well being.)Know that what … (0 comments)

business: Ocean County Resource Center - 11/30/07 09:22 AM
Ocean County, New JerseyOcean County Seal
Welcome to the Ocean County Resource Center. If you're considering, planning or in the process of living, working or vacationing in this county, located within the area of New Jersey, known as South Jersey, then you've come to the right place.  This is for you! Think of this page as your starting point or gateway for accessing everything you need to know and locate about Ocean County, New Jersey.   It's been designed to help lead you to the best information available online about Ocean County, NJ. Ocean County is composed of 33 municipalities and located in South Jersey.  … (0 comments)

business: Beige Book Released By Federal Reserve For November - 11/30/07 12:47 AM
The Federal Reserve recently published their latest issue of the Beige Book.  It is available online. The following is a brief list of it's overall (national) summary findings (using data as of October 5th):    1. Economic activity continued to expand since the last report, but the pace of growth had decelerated since August.  Expansion was characterized as moderate, modest and mixed.The economy grew at a slower rate in five Districts: Cleveland, Dallas, Kansas City, Richmond and San Francisco; with the rest of the districts observing similar growth to that observed in the last Beige Book.2. Consumer spending expanded, but unevenly and slower than in August.  The same with manufacturing … (1 comments)

business: Beige Book Released By Federal Reserve For October - 10/17/07 07:03 PM
The Federal Reserve recently published their latest issue of the Beige Book.  It is available online. The following is a brief list of it's overall (national) summary findings (using data as of October 5th):    1. Economic activity continued to expand since the last report, but the pace of growth had decelerated since August.  Expansion was characterized as moderate, modest and mixed.The economy grew at a slower rate in five Districts: Cleveland, Dallas, Kansas City, Richmond and San Francisco; with the rest of the districts observing similar growth to that observed in the last Beige Book.2. Consumer spending expanded, but unevenly and slower than in August.  The same with manufacturing … (0 comments)

business: Business-to-Business: Negotiation With Customers Seeking Concessions - 10/05/07 08:43 AM
In a recent ConnectITNews newsletter article, entitled "No Free Gifts: Advice designed to keep your value high and your customers happy", Colleen Francis discusses how to handle situations where your business clients demand additional concessions over what is currently offered for sale.You essentially have two choices: stand firm and walk away to protect your price or provide the concessions that will win you the business.
If you choose the later (concession) option, then a simple system is detailed that maximize a profitable negotiation...Step 1.  Conceed some benefit that does not lower the price.   The article provided many examples including free shipping and/or setup, special credit arrangements, upgraded support, etc.
Step … (0 comments)

business: Request Employer Identification Number Online In Real Time - 09/29/07 05:32 PM
Taxpayers can now request an Employer Identification Number (EIN) through a Web-based system that instantly processes requests and generates identification numbers in real time, the Internal Revenue Service (IRS) announced recently. "This new and improved online application will reduce the time it takes taxpayers to get an EIN," said Richard Morgante, Commissioner of the IRS Wage & Investment Division. "Essentially they can get one while they wait -- within minutes." No more need to file a Form SS-4!  Note that while you will obtain relatively quick response, it will still take about two weeks for the new EIN to become a … (0 comments)

 

Lawrence Yerkes

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Medford Township, NJ

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