Policy shifts, macroeconomics dominate year-end small business tax strategies20221121080000

Policy shifts, macroeconomics dominate year-end small business tax strategies

FMLNovember 21, 2022
With just weeks left in the year, businesses can still take actions that will benefit their 2022 tax position. FML partners Jim Arcouette and Bill Slattery explain how in this article they co-authored for Hartford Business Journal....
Burned out on public accounting or burned out on your firm? They’re not the same thing.20221006140900

Burned out on public accounting or burned out on your firm? They’re not the same thing.

FMLOctober 6, 2022
See this article as it originally appeared in Accounting Today. Burnout is real. And in the wake of the pandemic, in one way or another, most of us have felt it. Even before the pandemic, I saw young accountants make a common mistake: assuming they are burned out with public accounting as a professi...
Tax on income not earned is possible after Ethereum Merge20220928150200

Tax on income not earned is possible after Ethereum Merge

FMLSeptember 28, 2022
See this article as it originally appeared in Cointelegraph. After much buildup and preparation, the Ethereum Merge went smoothly this month. The next test will come during tax season. Cryptocurrency forks, such as Bitcoin Cash, have created headaches for investors and accountants alike in the past....
How the Inflation Reduction Act affects different types of taxpayers20220921151852

How the Inflation Reduction Act affects different types of taxpayers

FMLSeptember 21, 2022
The Inflation Reduction Act of 2022 is a massive piece of legislation affecting everything from energy to healthcare, and of course, taxes. Here are key elements of the bill that was signed into law this month and how they affect different types of organizations and individuals. Large corporations T...
Deferral period for paying off SBA loans ending soon20220914120200

Deferral period for paying off SBA loans ending soon

FMLSeptember 14, 2022
I was interviewed recently for a Hartford Business Journal article about how the ability to push off repayments from U.S. Small Business Administration’s Economic Injury Disaster Loan program will come to a close in October for the earliest borrowers. The program kept many companies going thro...
Small businesses are dealing with big headaches20220913114247

Small businesses are dealing with big headaches

FMLSeptember 13, 2022
I was interviewed recently for a Hartford Business Journal article about small businesses grappling with the difficulties of inflation, supply chain disruptions, employee shortages and more. As a founding partner of FML, I’ve kept my finger on the pulse of the perpetually changing financial la...
5 steps to avoid mismanaging biopharma grant funds20220908111603

5 steps to avoid mismanaging biopharma grant funds

FMLSeptember 8, 2022
See this article as it originally appeared in Pharmaceutical Online. Here is an excerpt from an article I wrote for Pharmaceutical Online about what needs to be done after winning a grant. It was also published by Outsourced Pharma, Bioprocess Online and Biosimilar Development. After an exhausting p...
James Goldkamp, Yana Reiser promoted to director positions20220729120900

James Goldkamp, Yana Reiser promoted to director positions

FMLJuly 29, 2022
Fiondella, Milone & LaSaracina has announced the promotion of James Goldkamp, CPA to director of tax services and Yana Reiser, CPA to director of assurance and advisory services. Goldkamp began his career at FML in 2008 as a generalist in the tax department after graduating from Eastern Connecti...
Are convertible notes the right way to fund your startup?20220727101000

Are convertible notes the right way to fund your startup?

FMLJuly 27, 2022
See this article as it originally appeared in TechCrunch. If an early-stage startup is ready to raise money but its valuation hasn’t been established yet, a convertible note can serve as a good fundraising option. A convertible note is a debt instrument that typically converts into equity at a later...
Not-for-profits need a profit: Revenue streams ensure longevity20220714134400

Not-for-profits need a profit: Revenue streams ensure longevity

FMLJuly 14, 2022
See this article as it originally appeared in the Hartford Business Journal. Some not-for-profit leaders feel an obligation to apply every possible dollar to the mission. While the impulse is noble, the organization’s impact in the long term will be greater if it remains on stable financial footing....