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Rodman & Rodman

Rodman & Rodman Named Best Accounting Firm to Work For

Rodman & Rodman Partners - Steve Rodman, Kathy Parker and John McGovern

Rodman & Rodman P.C., located in Braintree and Newton, was recently named as one of the 2010 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, split into three groups: 45 small-sized companies (15-49 employees), 45 medium-sized companies (50-249 employees) and 10 large-sized companies (more than 250 employees). Rodman & Rodman has been named one of the Best Accounting Firms to Work for in the small category.

To be considered for participation, companies had to fulfill the following eligibility requirements:

– Be a for-profit or not-for-profit business;

– Be a publicly or privately held business;

– Have a facility in the United States;

– Have at least 15 employees working in the United States;

– Must be in business a minimum of 1 year;

– Be an accounting firm.

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 ranking of the 3rd annual Best Accounting Firms to Work for will be unveiled at an awards ceremony during Accounting Today’s Growth & Profitability Summit on November 17th at the Wynn Resort in Las Vegas. The list-making firms will also be published in the December 13th issue of Accounting Today.

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

Rodman & Rodman has also been named as one of the Top 50 Firms by the Boston Business Journal.

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 offices in Newton and Braintree, Rodman & Rodman focuses on strategic planning – going beyond traditional accounting services and taking a proactive approach when serving clients to increase, preserve and sustain clients’ financial net worth.

Rodman & Rodman P.C has been listed in the Top 50 Firms by the Boston Business Journal. 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 Certified Public Accountants are located at 3 Newton Executive Park in Newton and 25 Braintree Hill Office Park in Braintree, Mass. For more information, visit their website at www.rodmancpa.com or contact (617) 965-5959.

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Rodman & Rodman CPAs Launch New Website

Rodman & Rodman P.C., with offices in Braintree and Newton, has recently launched their new website – www.Rodmancpa.com.

Rodman & Rodman’s sleek new website, which was built in WordPress, is intuitive and very user friendly. Website visitors can quickly learn all about the company, their services and their team. Rodman & Rodman’s website is packed with resources which include an online tax guide and document retention guide. White papers and QuickBooks guides are available on the site as well. A frequently updated blog provides the latest news and tips on taxes, legislation, 401K and more. A Calendar of Events page enables visitors to easily view upcoming seminars and other events and RSVP online through the automated system.

“Our new website has all the bells and whistles needed to provide the most up-to-the-minute information and resources to site visitors. It streamlines the response process by enabling visitors to RSVP to one of our many complimentary seminars online. Or, visitors can take advantage of our comprehensive tax, Quickbooks and strategic business information online. Our new site was built to be extremely user-friendly, but in addition to that, SEO and lead generation were key elements we wanted to focus on.

We’re very pleased with the results,” noted Larry Rice, CPA and Director at Rodman & Rodman, P.C.

Fresh Tilled Soil (freshtilledsoil.com) a Boston web design and development firm specializing in UI web design & WordPress CMS site design and development, was the website architect.

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 offices in Newton and Braintree, Rodman & Rodman focuses on strategic planning – going beyond traditional accounting services and taking a proactive approach when serving clients to increase, preserve and sustain clients’ financial net worth.

Rodman & Rodman P.C has been listed in the Top 50 Firms by the Boston Business Journal. 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 Certified Public Accountants are located at 3 Newton Executive Park in Newton and 25 Braintree Hill Office Park in Braintree, Mass. For more information, visit their website at www.rodmancpa.com or contact (617) 965-5959.

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Rodman & Rodman CPAs Provide Insight on Recent HIRE Act

Rodman & Rodman, P.C., a firm of CPAs and Business Strategists based in Newton and Braintree, provides insight on the Hiring Incentives to Restore Employment (HIRE) Act, that carries hiring incentives and stimulus measures.

Last month, President Obama signed into law H.R. 2847, otherwise known as the HIRE Act.

Rodman & Rodman outline what the act means to employers who hire qualified unemployed workers:

Under the HIRE Act, employers are exempt from paying the employer share of Social Security employment taxes on wages paid in 2010 to newly hired, qualified unemployed workers. The payroll tax relief applies only for wages paid with respect to employment beginning March 19th and before 2011. There are stipulations though. It applies to workers who: (1) begin employment with the employer after February 3, 2010 and before January 1, 2011; (2) were previously unemployed and; (3) do not replace other employees of the employer.

Employers will receive an up-to-$1,000 tax credit for retaining qualified unemployed workers. The workers must be employed by the employer for a period of not less than 52 consecutive weeks, and their wages for such employment during the last 26 weeks of the period must equal at least 80% of the wages for the first 26 weeks of the period.

For tax years beginning in 2010, the Act boosts to $250,000 the maximum amount that can be expensed under Code Sec. 179, and boosts to $800,000 the beginning of the investment based phaseout amount.

The Act allows issuers of certain tax credit bonds to elect to receive a direct payment instead of a tax credit to the bondholder.

The Act enacts a comprehensive set of measures to reduce offshore noncompliance.

HIRE Act also delays the application of worldwide allocation of interest for an additional three years.

Large corporations should be aware that the HIRE Act tinkers with their estimated tax payments in future tax years.

Rodman & Rodman advises employers to check with their accountant(s) to ensure they have a thorough understanding of the provisions of the new law. To speak with a CPA at Rodman & Rodman,

contact 617-965-5959.

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.

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 Certified Public Accountants are located at 3 Newton Executive Park in Newton and 25 Braintree Hill Office Park in Braintree, Mass. For more information, visit their website at www.rodmancpa.com or contact (617) 965-5959.

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Rodman & Rodman CPA Offers Tips for Small Businesses on How to Avoid the Mistakes of “Big Business”

Can a smaller business make the mistakes that behemoths Chrysler and GM did? According to Larry Rice, CPA who is Director of Strategic Consulting at Rodman & Rodman Certified Public Accountants and Business Strategists, small businesses can certainly make those mistakes, just on a smaller scale.

According to Rice, “Many of the problems that plague huge multinational corporations are often the same problems entrepreneurial-type businesses face. We can see on a national basis what happens when businesses take their eye off the ball. Small businesses cannot afford to make these mistakes…there’s no government bail-out for small business.”

Rice offers small businesses owners tips on how to grow and flourish as the market recovers:

Always be aware of your competitors and their plans. Many of the problems that Chrysler and GM face today could have been avoided with an aggressive plan to address their Japanese competitors 30+ years ago. By not addressing costs, quality and management/labor relations aggressively, they left the door open for foreign competition to get a foothold that should have been much more difficult to obtain. Small business owners MUST periodically (at least annually) sit down and do a competitive analysis of your industry. Look at your competitors’ advantages and determine whether you need to do something now to address it. If you have lost business to your competition, find out exactly the reason they left. Do NOT assume you know why, ask them directly if possible. If you hear a trend of reasons, you better take action quickly.

Project your cash flow. What’s the difference between GM and Chrysler and Ford (who did not have government intervention)? Ford better understood the predicament it was in from a cash flow perspective more than two years ago. At that time, Ford mortgaged everything for cash in what it saw then as a fight for long-term survival. Nothing is certain moving forward, but Ford has thus far weathered the storm, while making small market share gains and important investments in new vehicles and technology which will keep the business moving forward. As a small business owner, it’s important to project cash flow forward, at least six months, and update your cash flow projection monthly, so that you will have an early warning system in place to help you take steps to avoid the catastrophe of running out of money.

Your team is not your enemy. Animus between management and labor has only recently been turned around in the automobile industry so that everyone has begun working together towrard common goals. They still have a long way to go, which only proves that implementing a management-by-fear-and-intimidation ideology (or for that matter letting your employees run the place) will get you nowhere. Often, it is your non-skilled employees who will come up with the best ideas on how to improve business processes. Treat them poorly and you’ll get nothing beyond the bare minimum of effort. Small business owners take heed and include your team in strategy sessions and obtain feedback from them constantly.

Perception is reality. It’s imperative for small business owners to understand customer perception because that is the reality of your relationship with them. If it is good, you can ask for referrals and ask them to buy more and so on. If it is poor, you must begin to repair that perception with some excellent reality. But, first, feedback must be solicited from them. This can be done via personal conversations, surveys (preferably anonymous to get the greatest amount of truth), customer advisory boards, any number of methods. Americans perceive things about American maker vehicles which are no longer true in many cases. Certain American cars have equal and in some cases better quality construction than their foreign competitors. As you can see, it has been very difficult for American makers to get that message across. Small business owners need to communicate positively, proactively and frequently with customers. This enables you to shape their perceptions and avoid being a business victim.

Rice is a CPA and business development guru who works with a wide range of small to mid-sized businesses at Rodman & Rodman. Rice’s expertise lies in profit improvement strategies, performance measurement, information system analysis and improvement as well as strategic visioning and planning. He is dedicated to helping businesses achieve their short and long term goals. He has been featured on Bloomberg Radio, CN8-TV and other media outlets.

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.

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 Certified Public Accountants are located at 3 Newton Executive Park in Newton and 25 Braintree Hill Office Park in Braintree, Mass. For more information, visit their website at www.rodmancpa.com

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Rodman & Rodman CPA to Hold “Social Networking and Your Business” Seminar on February 18th

Rodman & Rodman, P.C., Certified Public Accountants and Business Strategists with offices in Braintree and Newton, will offer a complimentary “Social Networking and Your Business” seminar on Thursday, February 18, 2010 from 7:30 a.m. To 9:30 a.m. At 50 Braintree Hill Office Park in Braintree.

 

This seminar is geared toward business owners and others who are looking for an inexpensive way to reach existing and potential customers on a worldwide basis. Todd Norwood, Vice President of Technology at The Norwood Group will lead the discussion. Norwood will speak about Facebook, Twitter and LinkedIn and how to explore the business potential of each and utilize them to gain better business leverage.


There is no cost to attend and light refreshments will be served.

Space is limited. Registration is required. To register, contact Ann Reading at 617-965-5959 or email at ann@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.


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 Certified Public Accountants are located at 3 Newton Executive Park in Newton and 25 Braintree Hill Office Park in Braintree, Mass. For more information, visit their website at www.rodmancpa.com or contact (617) 965-5959.


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Rodman & Rodman PC Warns Taxpayers that “Use Tax” Audits are on the Rise

Taxpayers may be subject to Massachusetts “Use Tax” on out of state purchases even though they are not required to file sales tax returns.

Rodman & Rodman Certified Public Accountants and Business Strategists alerts taxpayers to a significant rise in use tax audits. Massachusetts has stepped up enforcement and collection efforts, including tax audits, on taxpayers who purchase assets (such as computers, furniture and equipment) from out of state vendors.

In many cases auditors are assessing use tax for up to six years prior. This can lead to a substantial assessment as Massachusetts can impose not only the use tax but penalties and interest as well.

The law requires that taxpayers pay a Massachusetts use tax (similar to a sales tax) on the purchase of out of state items if the vendor does not collect Massachusetts sales tax and the item is used in Massachusetts.

The most typical instance of this usually involves a taxpayer purchasing computers from an out of state vendor and using such equipment in Massachusetts.

It is important to review your records for these types of expenditures, complete the appropriate use tax form available on the Massachusetts Department of Revenue website and pay the necessary tax.

Rodman & Rodman recommends that taxpayers file a use tax form even if they owe no tax as it reduces the risk of an audit. Additionally, a filed use tax return starts the clock running on the statute of limitations.

According to Thomas Astore, Tax Director at Rodman & Rodman, “Generally, the state can assess use tax for three years; however, the statute of limitations remains open indefinitely if you do not file the necessary tax returns. We recommend that you consult your tax advisor if you have questions.”

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.

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 Certified Public Accountants are located at 3 Newton Executive Park in Newton and 25 Braintree Hill Office Park in Braintree, Mass. For more information, visit their website at www.rodmancpa.com or contact (617) 965-5959.

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Rodman & Rodman to Hold Tax Seminar for Business Owners on December 8th in Braintree

It has been a tough year for many business owners. Rodman & Rodman, P.C., Certified Public Accountants and Business Strategists will offer a complimentary “5 Ways for Business Owners to Save Taxes in 2010” Seminar on Tuesday, December 8th, from 7:30 a.m.- 9:30 a.m. at their Braintree office located at 25 Braintree Hill Office Park.

With the new administration in Washington, D.C., a number of tax changes have come about which bring both opportunity and challenge. Tom Astore, Tax Director at Rodman & Rodman, P.C. will provide business owners with five can’t-miss strategies for 2010.

A tax question and answer session will follow, so be prepared to take advantage of the latest tax laws. Topics to be covered include:

  • Future tax rates, ordinary and capital gains
  • 2010 IRA to Roth conversions
  • Business and individual energy tax incentives
  • A complete update on 2009 tax legislation and potential legislation that may impact 2010 and beyond
  • The future of the Estate Tax and gifting

There is no cost to attend.  This program is provided as an educational opportunity.

To register, contact Jen Minor at 617-965-5959 or email at jen@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.

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 Certified Public Accountants are located at 3 Newton Executive Park in Newton and 25 Braintree Hill Office Park in Braintree, Mass. For more information, visit their website at www.rodmancpa.com or contact (617) 965-5959.

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