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The Pocket Guide to Obamacare written and offered free by Millbury –based Accountant Paul Dion

Paul Dion, CPA CTC.
Paul Dion, CPA CTC.

MILLBURY, MA…

Obamacare, intended to provide health care to all Americans, has many confused and concerned.  In recognition of this, Millbury –based Accountant Paul Dion, CPA, CTC authored “The Pocket Guide to Obamacare”.  The book is available to individuals and business owners for free, although there is a $4 cost of shipping the 72 page book.

Dion, with three decades of experience providing tax and business advice, noted, “My book covers the most important aspects of the law and how it impacts taxes.  The quick read also gives people a framework for making smart, informed choices in this new healthcare environment.“

The complimentary book outlines how the law works, employer tax credits, insurance exchanges, premium subsidies, employee requirements, options for individuals, options for small employers, self-insured plans, and Medicare tax on earned income.

ABOUT PAUL DION, CPA

Beyond simple “bean counting”, Paul Dion, CPA and associates work side by side and speak in common English to help clients fully understand their tax situation and take proactive steps to pay the least amount of tax legally allowed while minimizing the risk of an audit.  Clients save money and sleep well as night.

Business services include small business accounting, payroll, cash flow management, strategic business planning, new business formation, internet controls, QuickBooks, part-time CFO, bank financing, succession planning and non-profit organization direction.

For a free book, more information or a complimentary consultation, please visit www.PaulDionCPA.com or contact Paul Dion CPA, via Info@PaulDionCPA.com or (508) 853-3292.  Offices are conveniently located at 22 West Street, #6, (Felter’s Mill), Millbury, MA  01527.

The Pocket Guide to Obamacare written and offered free by Millbury –based Accountant Paul DionRead More

Kathy Parker of Rodman & Rodman CPAs Explains Renewable Energy Project Tax Incentives at Banker & Tradesman’s Renewable Energy Real Estate Conference

Kathy Parker, CPA, MST
Kathy Parker, CPA, MST

“Despite the expiration of the ‘1603 Cash Grant Program’, green energy developers and investors still have a variety of attractive tax incentives to encourage new investment,” said Rodman & Rodman CPAs’ Kathy Parker, at the “Banker & Tradesman’s Renewable Energy Real Estate Conference” last week in Boston. Rodman & Rodman is a full service CPA firm where Ms. Parker serves as a partner, and an active leader in the firm’s Renewable Energy and Cleantech specialty practice. The Conference was attended by more than 120 renewable energy project developers, property owners, investors and commercial lenders in the greater Boston area.

According to Parker, qualified solar, landfill gas, wind, biomass, hydroelectric, geothermal electric, fuel cells, geothermal heat pumps, municipal solid waste, CHP/cogeneration, hydrokinetic power, anaerobic digestion, small hydroelectric, tidal energy, wave energy, ocean thermal, fuel cells (using renewable fuels), and microturbines, are eligible for a 30 percent investment tax credit. Although the credit will not be in cash, it can be used to reduce tax liability for one year back and 20 years forward, said Parker. After 2016, the investment Tax credit on Solar is scheduled to drop to 10 percent. In addition, 100 percent of the tax credits can also be used to offset the Alternative Minimum Tax (AMT).

Parker pointed out that bonus depreciation on renewable energy projects also ended in 2013. However, solar projects are still eligible for accelerated depreciation over five years.

About Rodman & Rodman P.C. CPAs

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 and has been named by “Accounting Today” as one of the “Best Accounting Firms to Work For” in 2010, 2011, and 2012. For more information, email info@rodmancpa.com, visit their website at www.rodmancpa.com or contact (617) 965-5959.

Kathy Parker of Rodman & Rodman CPAs Explains Renewable Energy Project Tax Incentives at Banker & Tradesman’s Renewable Energy Real Estate ConferenceRead More

Rodman & Rodman Kicks Off New LinkedIn® Group to Aid Cleantech Entrepreneurs with Energy Accounting

Rodman & Rodman CPAs “Green Team” has announced that it has started a new LinkedIn® Group, entitled “Green Energy Accounting & Tax Strategies.”

The new LinkedIn group is intended to provide small to midsize renewable energy and cleantech (e.g. solar, wind, biogas, biomass, geothermal, energy efficiency) companies and entrepreneurs with a networking forum for discussions and guidance on relevant tax issues, best accounting practices, QuickBooks and other accounting software tips, and company/partnership financial structuring to optimize success and achieve financial goals.

“The survival of many green energy and cleantech companies can depend on understanding new and proposed energy tax laws, subsidies and grants,” said Steve Rodman, president of CPA firm Rodman & Rodman, P.C. “A green energy company has to be structured properly to take advantage of the optimal allocations of income and deductions. Even something as simple as setting up an entity’s accounting systems can be crucial to qualify for financing or for investment tax credits against future income.”

The Rodman & Rodman “Green Team” is a specialty accounting practice dedicated to providing alternative energy producers, and other businesses that pursue energy efficiency initiatives, with expert counsel and services in green energy tax accounting and business strategy. The team consists of experienced CPAs who are domain experts in alternative energy accounting and finances.

“We invite green energy and cleantech stakeholders to join the group and participate in productive discussions that will contribute to the success this growing industry,” 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. 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 and has been named by “Accounting Today” as one of the “Best Accounting Firms to Work For” in 2010, 2011, and 2012. For more information, email info@rodmancpa.com, visit their website at www.rodmancpa.com or contact (617) 965-5959.

Rodman & Rodman Kicks Off New LinkedIn® Group to Aid Cleantech Entrepreneurs with Energy AccountingRead More

Rodman & Rodman’s Kathy Parker Named Recipient of the MSCPA’s Women to Watch Awards

Kathy Parker, CPA, MST, Partner at Rodman & Rodman, P.C., an independent accounting and tax firm with offices in Newton and Braintree, has been named a recipient of the Massachusetts Society of CPAs’ (MSCPA) 5th Annual Women to Watch Awards.

Ms. Parker was selected as an “Emerging Leader” based on her distinctive leadership qualities and her contributions to the profession and her community.

Ms. Parker has been employed with Rodman & Rodman P.C. for 14 years and has risen through the ranks from accountant to senior accountant to Partner. She holds a Bachelor’s degree in Accounting from the University of Texas at Austin and a Master’s degree in Taxation from Bentley University in Waltham. In addition to assisting clients with their tax and financial needs, Ms. Parker is a Certified Advanced ProAdvisor for QuickBooks as well as an integral part of Rodman & Rodman’s Green Team, the firm’s specialty practice in renewable energy and clean technology

She is on the Board of Directors for Invest In Girls, Inc. of Boston and is a resident of Billerica.

Ms. Parker will be honored along with five other Women to Watch Award recipients at the Women’s Leadership Summit on November 7, 2013 at the Westin Hotel in Waltham.

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 and has been named by “Accounting Today” as one of the “Best Accounting Firms to Work For” in 2010, 2011, and 2012. For more information, email info@rodmancpa.com, visit their website at www.rodmancpa.com or contact (617) 965-5959.

-end-

Rodman & Rodman’s Kathy Parker Named Recipient of the MSCPA’s Women to Watch AwardsRead More

Rodman & Rodman P.C. Promotes Scott Callahan, CPA to Tax Manager

Scott Callahan CPA
Scott Callahan CPA
Rodman & Rodman, P.C. an independent accounting and tax firm with a specialty practice in clean technology and renewable energy, has recently promoted Scott Callahan, CPA to Tax Manager.

Mr. Callahan has more than a decade of experience and he previously held the position of Tax Accountant at Rodman & Rodman. In his expanded role, Mr. Callahan will advise small and large clients on a broad range of tax issues. He will also serve on Rodman & Rodman’s Green Team, and work with clients on projects promoting renewable and sustainable energy.

Mr. Callahan holds a Bachelor’s degree from the University of Massachusetts and is a Certified Public Accountant. He resides in Millis, MA.

For the third consecutive year, Rodman & Rodman was named one of the 100 “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 and has been named by “Accounting Today” as one of the “Best Accounting Firms to Work For” in 2010, 2011, and 2012. For more information, email info@rodmancpa.com, visit their website at www.rodmancpa.com or contact (617) 965-5959.

Rodman & Rodman P.C. Promotes Scott Callahan, CPA to Tax ManagerRead More

Dawn Patterson, CPA Promoted to Audit Manager at Rodman & Rodman P.C.

Dawn Patterson CPA
Dawn Patterson CPA
Rodman & Rodman, P.C., an independent accounting and tax firm with a specialty practice in clean technology and renewable energy, has recently promoted Dawn Patterson, CPA to Audit Manager.

In her new role as Audit Manager, Ms. Patterson will oversee a variety of compliance matters for both profit and non-profit client organizations. She will also provide tax planning and other accounting services to businesses and continue to position them for growth. Ms. Patterson has been part of the Rodman & Rodman team for 11 years and previously held the position of auditor.

Ms. Patterson holds Bachelor of Science and Master of Science in Accounting degrees from Bryant College in Smithfield, Rhode Island. She is a Certified Public Accountant.

She is a native of New Jersey and resides in Methuen, MA.

For the third consecutive year, Rodman & Rodman was named one of the 100 “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 and has been named by “Accounting Today” as one of the “Best Accounting Firms to Work For” in 2010, 2011, and 2012. For more information, email info@rodmancpa.com, visit their website at www.rodmancpa.com or contact (617) 965-5959.

Dawn Patterson, CPA Promoted to Audit Manager at Rodman & Rodman P.C.Read More

Rodman & Rodman’s John McGovern Cites Key Role for CPAs at Bank of America SBA 504 Loan Seminar

John McGovern, CPA, ABV, CVA

John McGovern, CPA, ABV, CVA and partner at Rodman & Rodman, P.C., an independent accounting and tax firm catering to small and medium sized businesses throughout New England, shared his vast knowledge at Bank of America’s recent SBA 504 Loan Seminar held at Eastern Nazarene College in Quincy.

During the two-hour seminar, McGovern discussed the key role of the CPA in SBA 504 loans, as it relates to the depth of and the type of financial, due diligence, and personal information applicants need when applying for the loan.

McGovern reviewed the critical areas in which loan applicants can benefit from a CPA’s expertise, which included the business plan, due diligence, SWOT (Strengths, Weaknesses, Opportunities and Threats) analysis, determining type of business entity, tax benefits and deductions, a cost segregation study, tax increment financing and financial statement terminology.

“This was an in-depth, hard-hitting seminar meant to address many of the questions asked by clients when they are considering obtaining an SBA 504 loan. Essentially, a CPA can identify, organize and provide the necessary documentation which helps to ensure that those seeking this type of additional financing, obtain it,” noted McGovern.

McGovern plays a key role in Rodman & Rodman’s audit, accounting and tax engagements, with a particular emphasis in pass-through entities such as S Corporations and Limited Liability Companies. He has over 28 years of experience in valuing privately held businesses in a number of different industries, is Accredited in Business Valuation (ABV) and a Certified Valuation Analyst (CVA) as well as a CPA.

At the seminar, McGovern was joined by fellow experts Lisa Alberti of Bank of America, Bruce Miller of Pierce Atwood, LLP and Laurie Driscoll of SEED Corporation.

“The Bank of America SBA 504 Seminar was well-received and we’re planning to hold a second seminar in the near future,” noted McGovern.

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 and has been named by “Accounting Today” as one of the “Best Accounting Firms to Work For” in 2010, 2011, and 2012. For more information, email info@rodmancpa.com, visit their website at www.rodmancpa.com or contact (617) 965-5959.

Rodman & Rodman’s John McGovern Cites Key Role for CPAs at Bank of America SBA 504 Loan SeminarRead More

Crucial Bill in Massachusetts Would Guarantee Purchase of All SRECs

Rodman & Rodman, P.C., providers of specialized green energy and clean technology accounting and tax services, recently spent the day at the Massachusetts State House participating in “Massachusetts Clean Energy Day.” The Representatives and government officials that Rodman & Rodman’s Green Team met at the conference all encouraged an open dialogue between government and Massachusetts business owners in renewable energy and cleantech, an industry that continues to thrive and create jobs in the Commonwealth.

An example of upcoming legislation where renewable energy and cleantech business owners can help by sharing an opinion is House Bill No. 2915. Rodman & Rodman explained that this bill was introduced in January 2013 by a group of four state representatives led by Representative Thomas J. Calter from Plymouth. The bill, if passed, would require utility companies to purchase any SRECs remaining after the close of the SREC auction each year. A utility’s purchase obligation would be determined by the utility’s percentage share of the prior year’s renewable energy portfolio standard compliance obligation. All SRECs would be purchased at the fixed floor price of the auction.

Bill 2915 would help to guarantee a source of income for solar projects. As it stands now, any SRECs not sold in the auction would carry forward to the next year to be auctioned again. As projects are trying to secure financing to begin construction, the ability to show a guaranteed inflow of cash is becoming more and more crucial. By requiring the utilities to buy up all unsold SRECs at the end of the auction, the project is guaranteed to receive at least the auction floor price on the SRECs it produces.

“At present, many projects are selling their SRECs at prices below the auction floor, taking a lower sales price to guarantee a buyer. With the large number of SRECs being produced, buyers can get away with low purchase offers,” explained Steve Rodman, CPA MST, president of Rodman & Rodman.

He continued, “By requiring utilities to purchase the leftover SRECs at the end of the auction, there may be an incentive to hold off on selling SRECs prior to the auction. Since all SRECs will be required to be purchased, perhaps more will be entered into the auction and project owners may be able to demand a higher price for their SRECs from third party purchasers prior to the auction. Perhaps most importantly, the Calter bill would help clear the market and thereby help the distribution companies, competitive suppliers and ratepayers avoid high SREC costs and SACP obligations in the program’s middle years.”

Bill 2915 is currently in the House for consideration. Those who believe this bill would benefit their project or business are encouraged by Rodman & Rodman to contact their representatives and let them know.

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 and has been named by “Accounting Today” as one of the “Best Accounting Firms to Work For” in 2010, 2011, and 2012. 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 “Green Team” pledges continued Accounting Support and Services to Association of Cleantech Incubators of New England

The Association of Cleantech Incubators of New England (ACTION), has announced that sponsor company and affiliate member, Rodman & Rodman, P.C., will continue to provide ACTION with specialized cleantech industry financial guidance and accounting services. ACTION is New England’s leading network of cleantech incubators. Both ACTION and Rodman & Rodman support the common goal of accelerating the growth and success of early-stage companies.

Rodman & Rodman’s “Green Team” was recently recognized as the ‘Go To’ Alternative Energy CPA Practice by Accounting Today Magazine.

“With lead support from Scott Callahan, CPA, Rodman & Rodman has provided ACTION with invaluable tax advisory and accounting services as we continue to grow our membership and participate in both private and public funded activities,” said ACTION President, Michael Ryan. “We are pleased that we will continue to receive support from this superb CPA firm for the foreseeable future.”

About ACTION

The Association of Cleantech Incubators of New England (ACTION) is New England’s leading network of cleantech incubators sharing the common goals of accelerating the growth and success of early-stage companies, strengthening the regional cleantech cluster, and creating more green jobs in New England.

Our network of incubators provides diverse resources and a highly- supportive hub in which entrepreneurs, business leaders, government agencies, community leaders, investors, universities, and other interested organizations can collaborate toward the successful commercialization of enterprises that will build a prosperous green economy, improve the quality of our lives and sustain the health of our environment. Visit www.actionnewengland.org

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 and has been named by “Accounting Today” as one of the “Best Accounting Firms to Work For” in 2010, 2011, and 2012. For more information, email info@rodmancpa.com, visit their website at www.rodmancpa.com or contact (617) 965-5959.

Rodman & Rodman “Green Team” pledges continued Accounting Support and Services to Association of Cleantech Incubators of New EnglandRead More