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Save the Date – Sunday, July 16th The 5th Annual tonneson + co 5k will take place around beautiful Lake Quannapowitt in Wakefield, Massachusetts on July 16. Proceeds from the 5k will go directly to the Wakefield Interfaith Food Pantry to benefit the Kids First Program, which provides food to families with school age children during the…
Read MorePicking someone to lead your company after you step down is probably among the hardest aspects of retiring (or otherwise moving on). Sure, there are some business owners who have a ready-made successor waiting in the wings at a moment’s notice. But many have a few viable candidates to consider — others have too few.…
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Mortgage interest rates are still at low levels, but they likely will increase as the Fed continues to raise rates. So if you’ve been thinking about helping your child or grandchild buy a home, consider acting soon. There also are some favorable tax factors that will help: 0% capital gains rate If your child is…
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Concentration risks are a threat to your supply chain. These occur when a company relies on a customer or supplier for 10% or more of its revenue or materials, or on several customers or suppliers located in the same geographic region. If a key customer or supplier experiences turmoil, the repercussions travel up or down…
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Whether you’re planning to raise funds for your nonprofit with a simple bingo game or raffle, or with a more elaborate casino night, you need to understand and follow the federal rules that govern these kinds of activities. Gaming activities can open the door to unexpected taxes and trigger requirements for specific IRS filings. Filings…
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Congratulations to Richard A. Bourgeios, Jr., recipient of the 2017 tonneson + co Scholarship. tonneson + co is proud to support the Massachusetts Society of CPAs Educational Foundation Scholarship Fund. Erin Coco, Audit Managing Director, and Lisa Ferraro, Audit Managing Director, attended the MSCPAs Believers & Achievers Recognition Reception last night at the Granite Links Golf…
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It’s a smaller business world after all. With the ease and popularity of e-commerce, as well as the incredible efficiency of many supply chains, companies of all types are finding it easier than ever to widen their markets. Doing so has become so much more feasible that many businesses quickly find themselves crossing state lines.…
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Working capital — current assets minus current liabilities — is a common measure of liquidity. High liquidity generally equates with low risk, but excessive amounts of cash tied up in working capital may detract from growth opportunities and other spending options, such as expanding to new markets, buying equipment and paying down debt. Here are…
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What do charitable donors want? The classic answer is, “Go ask each one individually.” However, research provides some insight into donor motivation that can help your nonprofit grow its financial support. Taxing matters The biennial U.S. Trust® Study of High Net Worth Philanthropy, conducted in partnership with the Indiana University Lilly Family School of Philanthropy,…
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Many companies take an ad hoc approach to technology. If you’re among them, it’s understandable. You probably had to automate some tasks before others; your tech needs have likely evolved over time, and technology itself is always changing. Unfortunately, all of your different hardware and software may not communicate so well. What’s worse, lack of…
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