Accounting and Tax Blog
Massachusetts Estate Tax: What the $2 Million Threshold Means for Business Owners
Massachusetts taxes the estate of a resident whose gross estate is more than $2 million, and the value of a closely held business counts toward that number. ADC CPA, a Newburyport CPA firm, works with North Shore owners who are often surprised to learn that their ... Read More →
Signs It Is Time to Outsource Your Bookkeeping
Most business owners do not start out planning to handle their own bookkeeping. It just happens. In the early days you enter a few transactions yourself, or you hand it to whoever has a spare hour, and the arrangement sticks long after the business has outgrown ... Read More →
What Does a Fractional CFO Actually Do? (And Is It Right for Your Business?)
The term fractional CFO gets used a lot, but many business owners are not entirely sure what it means. Is it a consultant? A part-time employee? A fancy name for a bookkeeper? The confusion is understandable, and it keeps some owners from getting help they could ... Read More →
Bank Covenant Management: What Business Owners Need to Know
When a bank lends money to your business, the loan agreement usually comes with strings attached. Those strings are called covenants, and they are the conditions you agree to meet for as long as the loan is outstanding. Many business owners sign them at closing, file ... Read More →
How the OBBBA Affects Pass-Through Entity Taxes for S-Corps and Partnerships
The One Big Beautiful Bill Act, known as the OBBBA, became law on July 4, 2025, and it reshaped the tax picture for millions of business owners. For Massachusetts companies organized as S-Corps and partnerships, the changes are especially meaningful, because these pass-through entities report income ... Read More →
The Biggest Tax Mistakes Massachusetts Family Business Owners Make
Family businesses run on trust, long horizons, and a willingness to reinvest in something bigger than a single year's profit. Those same strengths, though, tend to produce a recognizable set of tax mistakes. Not because family business owners are careless, but because the things that make ... Read More →
What an Advisory-Based CPA Engagement Looks Like Month to Month
When people hear advisory CPA services, they often picture something vague. A higher bill, a few extra meetings, some strategic conversations that are hard to pin down. That vagueness is a big reason owners hesitate to move beyond a basic tax relationship. So it is worth ... Read More →
How to Read a Financial Statement If You Are Not an Accountant
Your accountant hands you a financial statement, and your eyes go straight to one number: did the business make money or not. That is a reasonable instinct, but it leaves most of the value of the document on the table. Financial statements tell a fuller story ... Read More →
Why Most CPA Firms Don’t Do What ADC CPA Does (And What That Costs You)
Most business owners have a CPA. Far fewer have a CPA who actually helps them run a better business. That gap is the single biggest reason owners quietly overpay in taxes, miss opportunities, and end up managing their accountant instead of the other way around. The ... Read More →
New 1099 Reporting Thresholds for 2026: What Massachusetts Business Owners Need to Know
The dollar amount that triggers a 1099 filing had not moved since the 1950s. That changed under the One Big Beautiful Bill Act, and the new thresholds apply for the first time to payments made in 2026. If your business pays contractors, vendors, or uses a ... Read More →
