Learn more about Rodman & Rodman’s Green Team and their alternative energy niche in this great feature in Accounting Today – http://www.accountingtoday.com/ato_issues/27_2/practice-profile-Meet-the-Green-Team-65549-1.html
renewable energy
Rodman & Rodman P.C. Named 2012 Best Accounting Firm to Work For
Rodman & Rodman, P.C., an independent accounting and tax firm with offices in Newton and Braintree, announced that it has been named one of the 100 “Best Accounting Firms to Work for” by Accounting Today. This is the third consecutive year in which Rodman & Rodman has received this honor.
The annual list was created by Accounting Today and Best Companies Group to identify, recognize and honor the best places of employment in the accounting industry.
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.
The list-making firms will 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.
The Rodman & Rodman team is led by four partners: Steven P. Rodman CPA, MST, president; Kathy Parker CPA, MST; John P. McGovern CPA, ABV, CVA and Thomas Astore CPA, JD.
“We’re delighted to receive this honor for the third year in a row. We are very proud of the excellent working environment and opportunities for career advancement we offer our staff of dedicated professionals,” noted Steve 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. For more information, email info@rodmancpa.com, visit their website at www.rodmancpa.com or contact (617) 965-5959.
Rodman & Rodman P.C. Named 2012 Best Accounting Firm to Work ForRead More
Rodman & Rodman’s Kathy Parker to be Feature Panelist at EUCI Renewable Energy Finance Conference
Ms. Parker is a founding member of the Rodman & Rodman “Green Team,” 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.
The EUCI Conference, “2013 Toolbox to Address the Uncertainty of Federal Incentives”, will address the challenges and opportunities for renewable energy projects, as the funding landscape adapts to a post-tax subsidy environment. In addition, the conference will outline steps that can be taken to build a robust and liquid secondary market which provides efficient pricing and optimal solutions for those both seeking capital and supplying it. The forum will also present a timely opportunity for participants to gauge the impacts and implications of the U.S. congressional and presidential voting results on the future of renewable energy project finance. Visit http://www.euci.com/events/?ci=1769&t=O
“As federal subsidies for alternative energy begin to diminish or even disappear over the next several years, project developers may have to find new revenue models as well as new sources of capital,” said Parker. “Proper corporate, project and partnership structuring as well as expert tax accounting will continue to play an important role in sustaining the health of this industry.”
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.
Jennifer Minor of Rodman & Rodman P.C. Named an Accredited Administrator in Accounting Practice Management
Rodman & Rodman, P.C., an independent accounting and tax firm with offices in Newton and Braintree, announced that Jennifer Minor, MSHR, Director of Administration has received the distinction of Accredited Administrator in Accounting Practice Management (AAAPM).
As an AAAPM, Ms. Minor has been designated as an expert with an exceptional level of competence in the field of accounting firm management. Ms. Minor has been employed with Rodman & Rodman P.C. for 12 years and oversees day-to-day operations and human resources. Ms. Minor holds a Bachelor’s degree from the University of New Hampshire and a Master of Science in Human Resources from Suffolk University.
“Jen is a dedicated and experienced accounting administrator who understands the unique and challenging issues of managing a busy accounting firm. She keeps us all on track and this designation is well-deserved,” noted Steve Rodman, CPA, MST, president.
A native of Wellesley, Ms. Minor resides in Marshfield.
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 magazine.
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. offices 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.
Steve Rodman of Rodman & Rodman Graduates from Boston University’s Leading Clean Energy Ventures Program
Steve Rodman, CPA, MST, President of Rodman & Rodman, P.C., an independent accounting firm with a specialty practice in clean technology and renewable energy projects, recently became one of 12 graduates of the 2012 class of Fellows of the Leading Clean Energy Ventures (LCEV) program.
The Leading Clean Energy Ventures Fellowship is an innovative development program offered by the New England Clean Energy Council (NECEC) and Boston University School of Management. Designed for experienced entrepreneurs and executives, the program focused on the complexity of energy markets and diverse clean technology companies at various stages of development.
“The Leading Clean Energy Ventures program is a terrific program that is focused on solving real world market challenges. It is a must for those looking to transition into the clean energy sector,” noted Rodman.
Rodman is 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 also a member of New England Clean Energy Council, and a sponsor of the Association of Cleantech Incubators of New England (ACTION).
Rodman & Rodman’s “Green Team”, is a specialized green energy and clean technology practice within the firm that focuses on alternative energy producers and investors. The Green Team provides clients in biomass, wind, solar, geothermal, landfill gasses, municipal solid waste, hydroelectric and hydrokinetic sectors of the renewable energy industry with expert green energy tax advisory, accounting services and business strategy through all stages of their project and business lifecycles.
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.
Rodman & Rodman CPAs Outline 2012 Sales Tax Holiday for Consumers and Retailers
Massachusetts residents will be able to enjoy a Sales Tax Holiday weekend on August 11th and 12th.
“The Commonwealth of Massachusetts will not be collecting the 6.25 percent sales tax on tangible purchases of $2,500 or less that are for personal use,” explains Thomas Astore, CPA, JD, Partner at Rodman & Rodman, P.C. “Business purchases and purchases made by corporations remain taxable. All Massachusetts businesses normally open during this weekend and selling taxable items of tangible personal property are required to participate in this sales tax holiday.”
Rodman & Rodman, P.C., is a CPA firm specializing in tax expertise and business strategy for small and medium sized companies throughout New England and beyond.
According to Rodman, consumers will be able to enjoy tax savings in compliance with the following rules that will be in effect for the weekend:
- 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) are 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 more information, visit the Massachusetts Department of Revenue at www.mass.gov or for tax questions contact Rodman & Rodman, P.C. At (617) 965-5959.
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.
The company’s offices 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.
Rodman & Rodman CPAs Outline 2012 Sales Tax Holiday for Consumers and RetailersRead More
Rodman & Rodman’s Kathy Parker Cites Challenges of Tax Incentive Complexities at Massachusetts Solar Summit 2012
“While IRS Section 1603 Tax credits, combined with Solar Renewable Energy Credits (SRECS), created a boom in the Massachusetts Solar Industry, many solar companies are sitting on an inventory of solar panels and other materials for projects that have not begun construction by the end of the 2011 eligibility period,” Kathy Parker, CPA told a standing room only audience at the 2012 Solar Summit in Marlborough, MA, on June 13, 2012. Parker is a Partner at Rodman & Rodman, P.C, and a member of the accounting firm’s “Green Team” Renewable Energy and Cleantech Practice.
“Although the 1603 tax code provides ‘Safe Harbor’ provisions, qualifying for this protection can be a tricky process” said Parker. “Much of the tax code is vague, and qualification will depend on how materials purchases were accounted for and assigned to specific projects,” explained Parker. “Qualification is often based on subjective decisions by IRS examiners”, noted fellow “Financial Side Panel” member Craig Huntley, Principal at Solect Energy, a major Massachusetts-based solar developer.
Parker went on to explain that as 1603 grants expire and solar projects begin to get larger, financing will become more complicated. Where smaller projects were often financed by individuals and S Corporations with passive income that could take advantage of tax credits, it will become a challenge to find investors with enough of a tax appetite to invest in larger projects. Project and partner structuring to take advantage of tax incentives will become increasingly important, noted Parker.
“Commercial lenders are becoming more comfortable evaluating solar projects as reasonable risks, but as projects get bigger they become more complicated as the number of products and participants grows,” noted David Costello, Senior VP – Commercial Lending at Commerce Bank & Trust Company. “Banks will demand full disclosure on all parties involved in a project,” said Costello.
Panel moderator, Vincent Devito, Partner at law firm Bowditch & Dewey, explained that the solar industry in Massachusetts remains vibrant, but the industry will continue to rely on state and federal subsidies to attract investors. “These subsidies provide accelerated payback that can be as short as three years,” said Devito.
Summit keynote speaker, Ann Berwick, Chair – MA Department of Public Utilities, pegged present installed solar power capacity at 110 MW, citing state goals to bring capacity to 250 MW by 2017 and 400 MW by 2020.
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.
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.
Partners at Braintree & Newton Based CPA Firm Donate & Walk 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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Partners at Braintree & Newton Based CPA Firm Donate & Walk for MARERead More
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