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Daniel J. Gniadek, CPA, MST Joins Rodman & Rodman P.C. of Newton

Daniel J. Gniadek, CPA, MST
Daniel J. Gniadek, CPA, MST

Daniel J. Gniadek, a Certified Public Accountant, has recently joined Rodman & Rodman, P.C. as Supervisor. Based in Newton, MA, Rodman & Rodman is an independent accounting and tax firm with a Renewable Energy and Cleantech specialty practice serving clients throughout the U.S.

In his new role, Mr. Gniadek will oversee the accounting staff who are responsible for tax preparation and tax planning for individuals and entities.  For three years previous to Rodman & Rodman, Mr. Gniadek was a Senior Tax Accountant in the personal financial management and income tax planning division of Summit Financial Corporation in Burlington. His experience also includes serving as a Tax Associate at BNY Convergex Group and BDO USA, LLP of Boston.

Mr. Gniadek holds a Bachelor of Science in Business Administration from Bryant University in Smithfield, RI and a Master of Science in Taxation from Northeastern University in Boston. He is a member of the American Institute of Certified Public Accountants (AICPA) and Massachusetts Society of Certified Public Accountants (MSCPA).

He is a resident of Braintree, MA. In his free time, he enjoys playing hockey and golf.

For three consecutive years, Rodman & Rodman has been named one of the “Best Accounting Firms to Work For” in Accounting Today.

About Rodman & Rodman P.C.

Founded in 1961 and listed in the Boston Business Journal’s “Top 50 Firms,” Rodman & Rodman, P.C. provides accounting, tax and business services to small and medium-sized companies. The Rodman & Rodman “Green Team” is a specialized green energy and clean technology accounting and tax services practice within Rodman & Rodman, P.C. that serves clients throughout the U.S.  The company is Green Business Certified. For more information, email info@rodmancpa.com, visit their website at www.rodmancpa.com or contact (617) 965-5959.

Daniel J. Gniadek, CPA, MST Joins Rodman & Rodman P.C. of NewtonRead More

Newton Tax Firm Outlines Sales Tax Holiday Rules for August 16th & 17th

Thomas Astore CPA JD
Thomas Astore CPA JD

Rodman & Rodman, P.C., an independent accounting and tax firm based in Newton, MA, outlines the rules that will be in effect for Massachusetts’ Sales Tax Holiday Weekend on August 16-17, 2014.

“The Commonwealth of Massachusetts will not be collecting the 6.25 percent sales tax on non-business purchases of $2,500 or less made by individuals” explains Thomas Astore, CPA, JD, and Partner at Rodman & Rodman, P.C. “Business purchases and purchases made by corporations remain taxable. Massachusetts businesses open during this weekend and selling taxable items of tangible personal property are required to participate in this sales tax holiday.”

Rodman & Rodman outlines items that are eligible as well as those that are excluded from the Sales Tax Holiday:

Business purchases are excluded, which also means any purchase made with a business check or business credit card.

All services are excluded. Only tangible purchases are eligible. Airline tickets and sporting events are considered services.

Motor vehicles (which include ATVs and small motorcycles), motorized boats, telecommunications services (including prepaid calling arrangements and cards), gas, steam, electricity, tobacco products and meals are excluded from the sales tax holiday. But, telecommunications equipment (cell phones and related items for personal use) is eligible.

Any single item with a price that is in excess of $2,500 is excluded. If the single item’s price exceeds $2,500, it will be taxed in full. For example a $3,000 plasma TV will be taxed on the entire $3,000 sale price.

When more than one item is purchased at the same time, and each item has a price of $2,500 or less, then all of the items may be rung up on one receipt and all the items are tax-free.

There is no sales tax on clothing unless the sale price exceeds $175. For an article of clothing exceeding this amount, the $175 will be deducted from the price and the remaining amount will be taxed.

If a store coupon or discount provided by a retailer or manufacturer reduces the sales price of the item, the discounted sales price determines whether the sales price is within the sales tax holiday price threshold of $2,500 or less.

Prior sales and lay-a-ways do not qualify for the tax-free status under any circumstances.

Special order items such as furniture are eligible so long as they are ordered and paid in full on the sales tax holiday weekend, and the cost of each item is $2,500 or less, even if delivery is made at a later date.

Internet purchases are exempt from sales tax as long as they do not exceed $2,500 (and meet other criteria) and are made and paid for on August 11 or 12, Eastern Standard Time.

For specific tax questions contact Rodman & Rodman, P.C. at (617) 965-5959.

About Rodman & Rodman P.C.

Founded in 1961 and listed in the Boston Business Journal’s “Top 50 Firms,” Rodman & Rodman, P.C. provides accounting, tax and business services to small and medium-sized companies. The Rodman & Rodman “Green Team” is a specialized green energy and clean technology accounting and tax services practice within Rodman & Rodman, P.C. that serves “green” clients throughout the U.S.  The company is Green Business Certified. For more information, email info@rodmancpa.com, visit their website at www.rodmancpa.com or contact (617) 965-5959.

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Rodman & Rodman Supports “Act Relative to Net Metering and Solar Power”

Steve Rodman, CPA, MST
Steve Rodman, CPA, MST

Rodman & Rodman, P.C., an independent accounting and tax firm with a Renewable Energy and Cleantech specialty practice serving “green” clients throughout the U.S., weighs in on proposed legislation regarding Net Metering and Solar Power awaiting passage in the MA House and Senate by July 31st.

“Due largely to the state’s policies providing net metering (credits for returning excess generation to the grid) and Solar Renewable Energy Credits, renewable energy projects — solar projects in particular — have enjoyed exceptional growth in Massachusetts,” said Steve Rodman, president of Rodman & Rodman, P.C. “These programs, along with federal incentives in the form of 1603 grants and Investment Tax Credits have allowed solar projects to confidently project a reasonable return on investment, which in turn has attracted investment and financing. However, solar capacity qualifying for net metering facilities benefiting cities, towns and other public entities has quickly approached the 3 percent cap allocated to each of the state’s electric utility service areas, and the lingering debate about when and how much to raise the caps has become a serious threat to financing future projects.”

Under the current net metering regulations, qualified solar energy generation sites can use excess capacity to create credits against both the cost of electricity and service. “While solar advocates want to significantly increase net metering caps to encourage financing and development, utilities and some industry advocates argue that a large increase in qualified net metering solar shifts the cost of grid infrastructure and other utility expenses away from the direct beneficiaries of solar projects to the rest of utility rate payers,” explained Rodman. “There are strong feelings from some Massachusetts industry advocate groups that also take this position.”

A viable compromise may come in the form of a new Massachusetts bill (H4185), currently awaiting passage in the MA House and Senate. Under the new legislation, net metering caps for solar projects in the Commonwealth would be permanently removed in exchange for a minimum monthly bill, the elimination of Solar Renewable Energy Credits, and the ability for utilities to adjust rates for power received from Virtual Net Metering sources (solar power deployments that share net metering credits with other consumers such as a landlord who owns a solar array and shares the benefits with tenants). In addition, the bill would provide for a “Declining Block Program” of incentive rates that would assign new generation coming online to a specific block value of dollars per kWh over a 15-year period that would decline as new capacity comes online. The block value rates bundle both electricity metering credits and incentive rates for renewable energy.

Some industry groups, such as the Associated Industries of Massachusetts still strongly oppose the legislation as an unfair redistribution of ratepayer tariffs. Even some Massachusetts solar groups are in opposition because they feel that the new legislation replaces a more free-market system that was working well with one that is untested and much more in the control of utilities and regulators. At the same time, The Solar Energy Industry Association and the New England Clean Energy Council strongly support the bill as a reasonable compromise to break the current stalemate on net metering caps, create long-term certainty to reduce risks and encourage continued investment in solar, and meet the commonwealth’s goal of 1,600 MW of solar energy by 2020.

“We support the new legislation and believe strong growth of solar energy in the commonwealth will pay big dividends to all rate payers in the long term while allowing utilities a reasonable path to recover some of the cost of our growing grid infrastructure and service requirements. We also feel that while distributed solar generation may add some expense in the short term, it will add clean generation capacity, reduce transmission congestion, reduce demand for added fossil fuel generation, reduce the need for added pipe and wire infrastructure, ultimately increasing the overall performance of the grid. We also think that thousands of jobs, a growing tax base, and cleaner air are not bad benefits either,” said Rodman.

 About Rodman & Rodman P.C.

Founded in 1961 and listed in the Boston Business Journal’s “Top 50 Firms,” Rodman & Rodman, P.C. provides accounting, tax and business services to small and medium-sized companies. For three consecutive years, Rodman & Rodman has been named one of the “Best Accounting Firms to Work For” in Accounting Today. The Rodman & Rodman “Green Team” is a specialized green energy and clean technology accounting and tax services practice within Rodman & Rodman, P.C. that serves “green” clients throughout the U.S.  The company is Green Business Certified. For more information, email info@rodmancpa.com, visit their website at www.rodmancpa.com or contact (617) 965-5959.

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Rodman & Rodman P.C. Promotes Robert Leonard, CPA, MBA to Audit Director

Robert Leonard, CPA, MBA
Robert Leonard, CPA, MBA

Rodman & Rodman, P.C., an independent accounting and tax firm with a Renewable Energy and Cleantech specialty practice serving “green” clients throughout the U.S., has recently promoted Robert Leonard, a Certified Public Accountant, to Audit Director.

Mr. Leonard has been part of the Rodman & Rodman team since 2005 and previously held the position of Audit Manager. In his new role, he oversees financial statement engagements, including audits and reviews, primarily for closely held businesses and employee benefit plans. Mr. Leonard earned a Bachelor’s degree in Accounting from Bentley University in Waltham, and a Master of Business Administration from Framingham State College.

Mr. Leonard is the treasurer for the American Society of Pension Professionals & Actuaries (ASPPA) Benefits Council of New England, as well as a member of the American Institute of CPAs (AICPA) and MyPinnacleNetwork. He resides in Pembroke, MA.

Rodman & Rodman is located in Newton, MA.  For three consecutive years, Rodman & Rodman has been named one of the “Best Accounting Firms to Work For” in Accounting Today.

About Rodman & Rodman P.C.

Founded in 1961 and listed in the Boston Business Journal’s “Top 50 Firms,” Rodman & Rodman, P.C. provides accounting, tax and business services to small and medium-sized companies. The Rodman & Rodman “Green Team” is a specialized green energy and clean technology accounting and tax services practice within Rodman & Rodman, P.C. that serves “green” clients throughout the U.S.  The company is Green Business Certified. For more information, email info@rodmancpa.com, visit their website at www.rodmancpa.com or contact (617) 965-5959.

 

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Damon, Topham & Company Promotes Mark J. Diodati, CPA to Audit Supervisor

Mark J. Diodati CPA
Damon, Topham & Company, LLC of Marshfield, a full service multi-disciplined firm of Certified Public Accounts, providing accounting, taxation, business development and financial services, has recently promoted Mark James Diodati, CPA to Audit Supervisor.

In his new role, Mr. Diodati will be responsible for managing projects, the budget and accounting staff. He will also oversee tax research, review tax returns and resolve complex tax and audit issues.

For two years previous, Mr. Diodati held the position of Senior Accountant at Damon, Topham & Company. He is a graduate of Thayer Academy High School in Braintree and holds a Bachelor of Science in Accounting and Finance from Northeastern University. He received a Master’s degree in Accounting from Northeastern University as well. He is a Massachusetts Certified Public Accountant and a member of the Massachusetts Society of Certified Public Accountants (MSCPA).

“Mark’s expert technical knowledge and analytical skills coupled with his ability to successfully manage a cohesive team made him the ideal candidate for Audit Supervisor,” noted John Topham, CPA, CVA, founding partner of Damon, Topham & Company.

About Damon, Topham & Company
Damon, Topham & Company, LLC, are Certified Public Accountants and Business Development Advisors. Damon, Topham & Company was named as a 2011 FIVE STAR Wealth Manager and is part of that elite group which represents less than 3 percent of the wealth managers in the Boston area.

Utilize the “Damon, Topham Advantage”- go beyond the traditional services of auditing, accounting and taxation. Damon, Topham & Company provides business valuation, estate, individual and corporate tax planning and savings, financial planning, consulting and financing solutions. A full service multi-disciplined firm, Damon, Topham & Company has been serving the South Shore for over 20 years. Damon, Topham & Company, LLC, is located just off Route 139, 475 School St., Suite 8, Marshfield, MA. For more information, please visit the company’s website at www.damtopcpa.com.

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Rodman & Rodman CPA Firm Named a “2011 Best Accounting Firm to Work For”


CONTACT: Steven V. Dubin, PR Works, (781) 582-1061, sdubin@prworkzone.com

Rodman & Rodman CPA Firm Named a “2011 Best Accounting Firm to Work For”

DATELINE: BRAINTREE AND NEWTON, MASS…
For the second consecutive year, Rodman & Rodman, P.C. , providers of accounting, tax and business services to small and medium-sized companies throughout New England, was recently named as one of the 2011 Best Accounting Firms to Work for. The annual list of “Best Accounting Firms” was created by Accounting Today and Best Companies Group.

This survey and award program was designed to identify, recognize and honor the best places of employment in the accounting industry, benefiting the nation’s economy, its workforce and businesses. The Best Accounting Firms to Work for list is made up of a total of 100 companies. Rodman & Rodman has been named one of the Best Accounting Firms to Work for in the small sized company category.

Accounting firms from across the country entered the two-part survey process to determine the Best Accounting Firms to Work for. The first part consisted of evaluating each nominated firm’s workplace policies, practices, philosophy, systems and demographics. The second part consisted of an employee survey to measure the employee experience. The combined scores determined the top firms and the final ranking. Best Companies Group managed the overall registration, survey and analysis process and determined the final rankings.

“We’re proud to have been acknowledged with this honor,” said Steve Rodman, president of the firm. Rodman & Rodman has also been named as one of the Top 50 Firms by the Boston Business Journal.

The ranking of the 4th annual Best Accounting Firms to Work for will be unveiled at an awards ceremony sponsored by ADP during Accounting Today’s 2nd Annual Growth & Profitability Summit on October 25th – October 27th at the Bellagio Hotel & Casino in Las Vegas. The list-making firms will also be published in the December issue of Accounting Today.

For more information on the Best Accounting Firms to Work for program, visit www.BestAccountingFirmstoWorkfor.com.

About Rodman & Rodman P.C.
Founded in 1961, Rodman & Rodman, P.C. provides accounting, tax and business services to small and medium-sized companies throughout New England. With a focus on strategic planning, Rodman & Rodman goes beyond traditional accounting services and takes a proactive approach when serving clients to increase, preserve and sustain clients’ financial net worth. The company has been named one of the “Best Accounting Firms to Work For” in Accounting Today and is listed in the Boston Business Journal’s “Top 50 Firms”.

From business valuations, taxation, audits, fraud detection and prevention services and succession planning to a variety of accounting IT services including software selection, implementation and training, the team at Rodman & Rodman serves as comprehensive advisors to clients. For individual clients, the company offers personal advisory services such as planning for real estate transactions, obtaining financing, estate planning and retirement planning as well as planning for college education. The Rodman & Rodman Green Team is a specialized green energy and clean technology accounting and tax services practice within Rodman & Rodman, P.C.

Rodman & Rodman, P.C. are located at 3 Newton Executive Park in Newton and 25 Braintree Hill Office Park in Braintree, MA. For more information, email greenteam@rodmancpa.com, visit their website at www.rodmancpa.com or contact (617) 965-5959.
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Rodman & Rodman CPA Firm Named a “2011 Best Accounting Firm to Work For”Read More

Rodman & Rodman, P.C. Appoints Thomas Astore to Lead “Green Team” Clean Energy Practice

Rodman & Rodman, P.C., Certified Public Accountants and business strategists catering to small and medium sized companies throughout New England and beyond, has announced that Thomas Astore, CPA, JD, will lead the “Green Team” Renewable Energy and Clean Technology Practice.

Rodman & Rodman’s Green Team, assists alternative energy producers and investors with expert green energy tax advisory, accounting services, and business strategy through all stages of their project and business lifecycle.

Astore, who also serves a Rodman & Rodman’s Tax Director, will lead the Green Team in helping alternative energy and clean technology businesses determine the financial viability of their renewable energy projects and assist with the complexities of the various federal and state tax credits and incentives. The Green Team also provides accounting and compliance support with regulatory agencies. Astore is a graduate of Hofstra University and Fordham Law School, where he also was a member of the law review.

Steve Rodman, president of Rodman & Rodman explained, “We have invested a significant amount of time and energy in the clean technology business and have a comprehensive understanding of the various business models, their particular needs and the complex tax laws. Tom is highly experienced in these areas and is the ideal leader for our ‘Green Team’.”

He continued, “Over the past few years many states have enacted Renewable Portfolio Energy Standards (RPS) requiring a percentage of energy consumed in the state to come from renewable sources. To date, just over half of the states have enacted this kind of legislation. Massachusetts added the Green Communities Act which establishes an RPS standard that will increase over the next several years with the goal of achieving 25% by 2030. Because of this increasing standard, electric utilities will be looking to add renewable sources to their portfolios, either by direct investment or by purchasing the electricity from outside suppliers. The demand for renewable energy is only going to increase and our Green Team will help position clean energy companies and projects for success.”

Rodman & Rodman’s Green Team offers its services for companies in the biomass, wind, solar, geothermal, landfill gasses, municipal solid waste, hydroelectric and hydrokinetic sectors of the renewable energy industry. They also assist startup projects (which typically do not earn taxable income in their first years and benefit from a tax credit) with the Section 1603 program.

About Rodman & Rodman, CPAs “Green Team”

The Rodman & Rodman Green Team is a specialized green energy and clean technology accounting and tax services practice within Rodman & Rodman, P.C. Founded in 1961, Rodman & Rodman, P.C. provides accounting, tax and business services to small and medium-sized companies throughout New England. With a focus on strategic planning, Rodman & Rodman goes beyond traditional accounting services and takes a proactive approach when serving clients to increase, preserve and sustain clients’ financial net worth. The company has been named one of the “Best Accounting Firms to Work For” in Accounting Today and is listed in the Boston Business Journal’s “Top 50 Firms”.

From business valuations, taxation, audits, fraud detection and prevention services and succession planning to a variety of accounting IT services including software selection, implementation and training, the team at Rodman & Rodman serves as comprehensive advisors to clients. For individual clients, the company offers personal advisory services such as planning for real estate transactions, obtaining financing, estate planning and retirement planning as well as planning for college education. Rodman & Rodman, P.C. are located at 3 Newton Executive Park in Newton and 25 Braintree Hill Office Park in Braintree, MA. For more information, email greenteam@rodmancpa.com, visit their website at www.rodmancpa.com or contact (617) 965-5959.

Thomas Astore, CPA, JD

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Bobby Newcomb Joins Rodman & Rodman, P.C.

Rodman & Rodman P.C., a firm of Certified Public Accountants and business strategists catering to clients throughout New England, recently appointed Bobby Newcomb, a native and resident of Quincy, as Staff Accountant.

Mr. Newcomb will work out of Rodman & Rodman’s Newton office and provide accounting and tax services to corporate and individual clients. Prior to joining the Rodman & Rodman team, Mr. Newcomb served as a Financial Analyst in Accounts Payable at Boston Scientific Corporation.

Mr. Newcomb holds a Bachelor of Science degree in Accounting from Johnson & Wales University in Providence, RI and is a member of the Massachusetts Society of Certified Public Accountants (MSCPA). He will take the CPA exam later this year.

In his spare time, Mr. Newcomb is the assistant coach of Johnson & Wales golf team and is very active in the university’s community.

For more information about Rodman & Rodman, visit rodmancpa.com.

Rodman & Rodman, P.C.

Founded in 1961, Rodman & Rodman, P.C. provides accounting, tax and business services to small and medium-sized companies throughout New England. With a focus on strategic planning, Rodman & Rodman goes beyond traditional accounting services and takes a proactive approach when serving clients to increase, preserve and sustain clients’ financial net worth. The company has been named one of the “Best Accounting Firms to Work For” in Accounting Today and is listed in the Boston Business Journal’s “Top 50 Firms”.

From business valuations, taxation, audits, fraud detection and prevention services and succession planning to a variety of accounting IT services including software selection, implementation and training, the team at Rodman & Rodman serves as comprehensive advisors to clients. For individual clients, the company offers personal advisory services such as planning for real estate transactions, obtaining financing, estate planning and retirement planning as well as planning for college education. Rodman & Rodman, P.C. are located at 3 Newton Executive Park in Newton and 25 Braintree Hill Office Park in Braintree, MA. For more information, visit their website at www.rodmancpa.com or contact (617) 965-5959.

Bobby Newcomb

Bobby Newcomb Joins Rodman & Rodman, P.C.Read More