Accounting and Tax Blog
Financial Statement Reviews for Bank Loans: What MA Business Owners Need to Know
Your bank just told you they need a financial statement review before they will approve your loan. If you have never been through this process before, it can feel like a roadblock. It is not. It is a standard step that many Massachusetts business owners go ... Read More →
What Does a CPA Actually Do for a $5 Million Business?
When a business crosses the $5 million revenue mark, the stakes change. Decisions around cash flow, entity structure, tax strategy, and financial reporting carry real consequences. At this level, a CPA is not just someone you call in April. They are a year-round partner who helps ... Read More →
How OBBA Changes the Game for Businesses
How OBBBA Changes the Game for Businesses The One Big Beautiful Bill Act (OBBBA), effective July 4, 2025, isn’t just another compliance regulation; it’s a strategic advantage for small businesses, nonprofits, S-Corps, C-Corps, and partnerships. It offers significant benefits and opportunities for growth, innovation, and long-term ... Read More →
The One Big Beautiful Bill Act for Individual Taxpayers
The One Big Beautiful Bill: What It Means for Individual Taxpayers On July 4, 2025, the One Big Beautiful Bill Act (OBBBA) became law, ushering in one of the most significant overhauls of the U.S. tax code in recent history. Designed to make permanent many provisions ... Read More →
Beneficial Ownership Information Reporting (Corporate Transparency Act)
Beneficial Ownership Information (BOI) Reporting The regulations for beneficial ownership reporting are complex. To ensure compliance, review the requirements below and contact us to assist you in completing this required reporting. Corporate Transparency Act Enacted in 2021, as part of Bank Secrecy Act Requires the disclosure ... Read More →
Year-End Sprint: Conquer Tasks, Thrive in 2024!
The festive season is upon us, but for small business owners, it's not all twinkling lights and gingerbread lattes. As the calendar flips, the accounting dial cranks up to eleven. A flurry of tasks, from the mundane to the monumental, await, promising a fresh start in ... Read More →
Beware of high interest rates on underpayments during 2023
The IRS’ most recently published interest rates on overpayments and underpayments were last updated in October 2023. For individuals, the rate for overpayments and underpayments will be 8% per year, compounded daily. This rate is up 2% from 2022, and 6% from 2021. Here is a ... Read More →
ADC completes the acquisition of Raymond E Jeffs CPA PLLC of Hampton, NH
Hampton, NH, July 15, 2021 – Ambrosi Donahue Congdon & Co., P.C. (ADC) a Massachusetts and New Hampshire-based full-service accounting, tax and advisory firm, announced that it has acquired the practice of Raymond E. Jeffs, CPA, PLLC (“Jeffs CPA”) of Hampton, NH, effective July 15, 2021 ... Read More →
Last Call for Q1-2021 Employee Retention Tax Credit!
Have you experienced at least a 20% decline in revenue for Q1-2021 when compared with Q1-2019? Or, is your business still subject to a government imposed limitation? Do you need help to determine whether you qualify? If so, please contact us before March 31st to review ... Read More →
The most under-utilized COVID-19 relief opportunity for businesses
The most under-utilized COVID-19 relief opportunity for businesses...ERTC Employee Retention Tax CreditsHint: you probably qualifyIf you're looking for our ERTC Excel Calculator, see below for access link.Several COVID-19 relief programs have dominated the news, from the PPP to Economic Impact Payments to State grants, such as the ... Read More →
