Beneficial Ownership Information Reporting (Corporate Transparency Act)

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!

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

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
/ Firm News

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 →
MA Small Business Accounting ERTC 2021

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 →
MA Small Business Accounting ERTC 2021

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 →
Manufacturing Employee Retention Second Draw PPP

Second Draw PPP Eligibility & Limitations

SECOND-DRAW PPP LOANS The Second Draw for PPP is now available.  We've outlined important information below to help you with this process. This post will guide you on determining: Your eligibility Promises & certifications necessary Your loan limits Documents you need to gather Which expenses are ... Read More →
Manufacturing Mass Sector Specific Relief Grant (SRG)

How to TAKE ACTION on the SRG – Sector-Specific Relief Grant Program

Sector-Specific Relief Grant Program GuidanceIn late December, Governor Baker announced the appropriation of an additional $668 million to provide targeted relief to Massachusetts businesses, especially those that have experienced the most significant economic hardship and loss of revenue due to the COVID-19 pandemic. Under the program, applications ... Read More →
Manufacturing Accounting Emergency Relief

UPDATE: COVID-19 Relief Bill Passes House and Senate

UPDATE: COVID-19 Relief Bill Passes House and Senate(This is an update to our previous notes on the bill, linked here)On Monday night, December 21, 2020, Congress passed by an overwhelming majority the Consolidated Appropriations Act, which includes approximately $900 billion of relief to individuals, hard hit ... Read More →
Bipartisan State and Local Support and Small Business Protection Act of 2020

Upcoming law affecting your business: The Bipartisan COVID-19 Emergency Relief Act of 2020

Background Info:After many weeks of negotiating, a group of bipartisan Senators delivered their best proposal for immediate COVID-19 emergency relief. The proposal includes two separate bills which together total $908 billion and would provide targeted relief to American families, workers, and small businesses in addition to ... Read More →