Our Blog

Albert Tetu CPA, MBA •

When loan agreements, investors, or regulators don’t require audited or reviewed financial statements, it’s easy for a business owner to think, Why bother? But having an independent CPA perform an audit or review can provide valuable benefits that go far beyond compliance. 

Rebecca Acorn, CPA, MST •

You probably have heard of the “no tax on tips” provision of the OBBBA, but were you aware of the expansion of the FICA tip credit available to employers?
 
A long-standing credit that employers have had access to is the FICA tip credit.  This has been available to those in food and beverage establishments since code Section 45B was introduced in 2007. 
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 Nathan Walker, CPA, MSA •

The One Big Beautiful Bill Act made a number of changes to energy tax credits, with many credits being eliminated or gradually phased out. Below is a high-level summary of what’s changing.

​As we quickly approach 1099 filing season, it’s time to ask an important question: is your business ready to file?
 
For many small businesses, independent contractors, and professional firms, the most common information returns filed are Form 1099-NEC and Form 1099-MISC. Understanding which form to use, and when, can help you avoid costly mistakes and IRS penalties.

Alyssa Hodges, CPA, CVA contributed to the NH Business Review this month for their Ask the Experts section on Succession Planning.

"Q: What role does an accountant play in the early stages of business succession planning, and when should business owners engage your firm in the process?
A: As accountants at Mason + Rich, our goal is to be more than compliance partners. We work with business owners to help establish or understand what drives value in their business. Understanding what drives value, whether it’s revenue growth or other performance metrics, helps establish informed decision-making. Ideally, this mindset should start early, but it’s never too late to begin.