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Rodman & Rodman CPAs Outline Proposed Changes in Biomass Efficiency Rates for Renewable Energy Credits Qualification

The Massachusetts Department of Energy Resources (DOER) recently sent a finalized proposal of changes to the standards for biomass efficiency in the state. Rodman & Rodman, P.C. an independent accounting firm specializing in renewable energy projects with offices in Braintree and Newton, MA, outlines the proposed changes in biomass efficiency rates for REC qualification.

The original proposal called for a reduction in Renewable Energy Credits to be awarded by half for systems that were operating between 40 percent and 60 percent efficiency. The finalized proposal calls for a half credit to be awarded for systems operating between 50 percent and 60 percent efficiency. Systems operating below 50 percent would not qualify for the credit.

According to Steve Rodman, CPA, MST, President of Rodman & Rodman, “Biomass systems have been highly discussed since their initial use as to whether or not they are actually ‘renewable’. Some argue that the carbon released when burning woody materials in the system is the same as the carbon released when burning coal or other fossil fuels. Others argue that the carbon is being recaptured by the existing forests, and that the trees that are burned are replaced much faster than sources of coal and fossil fuels, making them a renewable source.”

He continued, “This is a major statement by the MA DOER. By requiring biomass systems to operate at 60 percent efficiency in order to qualify for the full credit, the DOER is establishing the need for these systems to be able to operate at a level that will hopefully reduce the amount of carbon that is re-released back into the atmosphere.”

Rodman stated that it would be a challenge for biomass projects that are getting started. They will need to get to at least 50 percent efficiency right away in order to see any credits. This will require biomass projects to take more time in the design and testing stages to ensure they comply with the efficiency requirements before going live.

The MA DOER is taking comments on this finalized proposal until mid-June, so there is a chance that these regulations may still be subject to change until they are fully enacted.

For more information, contact the Green Team, which is a specialized green energy and clean technology accounting and tax services practice within Rodman & Rodman 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. 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 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 in 2010 and 2011 was named one of the “Best Accounting Firms to Work For” in Accounting Today.

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 info@rodmancpa.com, visit their website at www.rodmancpa.com or contact (617) 965-5959.

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Partners at Braintree & Newton Based CPA Firm Donate & Walk for MARE

Thomas Astore, CPA, JD, Partner and Steven P. Rodman, CPA, MST, President of Rodman & Rodman recently participated in The Walk for Adoption for MARE.

Rodman & Rodman, P.C. partners participated in “A Walk Home: The Walk for Adoption” last weekend to raise awareness and funds for the Massachusetts Adoption Resource Exchange (MARE) and its work to recruit adoptive parents for children and teens in state foster care. Rodman & Rodman is a leading accounting, tax and business services firm with offices in Braintree and Newton.

Steven P. Rodman, CPA, MST, President of Rodman & Rodman and his wife Susan and MARE Board Member Thomas Astore, CPA, JD, Partner and his wife Tina, who are all residents of Newton, participated in the three mile MARE Walk for Adoption. The event was held at Jordan’s Furniture facility in Taunton. In addition to walking in the event, the partners have donated a total of $1,300 to the organization along with two tickets to a Boston Red Sox/Toronto Blue Jays baseball game.

The Walk for Adoption event raised more than $70K for MARE. For more information about MARE, visit www.firstgiving.com/MARE.

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. 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 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 in 2010 and 2011 was named one of the “Best Accounting Firms to Work For” in Accounting Today.

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 info@rodmancpa.com, visit their website at www.rodmancpa.com or contact (617) 965-5959.

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Rodman & Rodman Green Team Member Joins Another Green Team for Earth Day

Mark Vitello

On Saturday, April 21st, Wellesley resident Mark Vitello, who is a staff accountant on Rodman & Rodman, P.C.’s Green Team, participated in the Charles River Conservancy Earth Day river cleanup event. Vitello volunteered through the Virginia Tech Alumni Association and in cooperation with State Senator William Brownsberger’s office. Vitello joined more than 3,000 other volunteers to pick up trash along the banks of the Charles River. Vitello’s clean up efforts centered around the Marina area in Watertown, MA.

“It is important to keep the environment clean, especially in an urban setting such as Boston,” noted Vitello. “We need to conserve the natural areas that we do have, so they can be enjoyed by future generations.”

According to the Conservancy’s website, “Since 2002, over 16,000 Conservancy Volunteers have contributed over $1 million of donated labor to improve the health, safety and beauty of the Charles River Parklands.”

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 is Green Business Certified and in 2010 and 2011 was named one of the “Best Accounting Firms to Work For” in Accounting Today. Rodman & Rodman 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 info@rodmancpa.com, visit their website at www.rodmancpa.com or contact (617) 965-5959.

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Rodman & Rodman CPA Firm Promotes Thomas H. Astore, CPA, JD to Partner

Thomas Astore, CPA, JD

Rodman & Rodman, P.C. , a CPA firm providing tax advisory services and business strategies for small and mid-size companies throughout New England, is pleased to announce that Thomas H. Astore has been promoted to Partner.

Astore brings over 20 years of experience to Rodman & Rodman’s Tax Department. He joined Rodman & Rodman in July of 2008 as Tax Manager and was promoted to Tax Director in April of 2009.

Astore graduated from Hofstra University, cum laude, and Fordham Law School, cum laude, where he was a member of the Law Review. He has extensive experience in many areas of taxation. Most recently, he has focused on business structuring for medium-sized clients; individual and entity tax planning as well as estate planning.

He also oversees the Rodman & Rodman Green Team, the firm’s specialty 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.

A native of Long Island, Astore resides in Burlington, MA.

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 is Green Business Certified and in 2010 and 2011 was named one of the “Best Accounting Firms to Work For” in Accounting Today. Rodman & Rodman 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 info@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”


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 President Named to NECA’s Renewables and Distributed Generation Committee

Steve Rodman CPA, MST
Steve Rodman, CPA, MST, president of Rodman & Rodman, P.C. has recently been named to the Northeast Energy and Commerce Association’s (NECA) Renewables and Distributed Generation committee. NECA is a 900 member strong, non-profit trade association serving the electric power industry. It has eight standing committees and the Renewables and Distributed Generation committee is dedicated to increasing awareness of the benefits of renewable/clean energy and to facilitating growth of the industry in the Northeast.

Rodman & Rodman is a CPA firm with offices in Newton and Braintree that specialize in tax expertise and business strategy for small and medium sized companies throughout New England and beyond. The firm has a dedicated “Green Team” Renewable Energy and Clean Technology Practice, where Mr. Rodman is a client advisor and advocate in the provision of expert green energy tax advisory, accounting services, and business strategy for alternative energy producers and investors through all stages of their project and business life cycle.

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 start-up projects with the Section 1603 program.

“NECA’s mission is to ‘promote greater understanding of the benefits of the competitive energy marketplace’ and our Green Team’s mission is similar,” said Steve Rodman. “ We provide the much needed specialized green energy and clean technology accounting and tax services to businesses that pursue energy efficient initiatives as well as alternative energy production.”

Mr. Rodman is also a member of the Northeast Sustainable Energy Association (NESEA) which is a chapter of the American Solar Energy Society and the nation’s leading regional membership organization promoting sustainable energy solutions. The Rodman & Rodman firm is a member of the New England Clean Energy Council.

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, 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

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