S&G

Business Consultants & Certified Public Accountants

The BENCHMARK in Professional Services ®

Business Consultants and Certified Public Accountants with guaranteed services

We take great pride in the services we provide and our ability to add real value to your company. One of the things that sets us apart from other firms is our dedication to customer service. Everything we do is measured by our commitment to serving our clients. While most other accounting firms simply tell clients about it, we put our money where our mouth is and guarantee it! You are the judge of the end product, and if you believe you have not received a measurable value for a particular service, you may withhold payment. Please read our engagement letter for details on our guarantee.

 TAX LAW UPDATES

  • Rhode Island Tax Alert: On July 5, 2019 the Rhode Island Governor signed a bill amending the state’s Business Corporation Tax by adding an elective pass-through entity-level tax. More on our tax update page
  • Connecticut Tax Alert: On June 3, 2019 the Connecticut General Assembly passed a $43.4 billion budget package that includes significant tax law changes aimed at increasing state revenues.  Among the most significant measures enacted are the reduction of the pass-through entity tax credit and the establishment of sales tax obligations on out of state sellers. If your business currently has operations or activities in Connecticut, or are contemplating future growth into the state then you should be aware of developments. Click to read more
  • Tax Reform – Key Provisions: Click here to read through some of the key individual and business provisions of the Tax Cuts and Jobs Act, also know as Tax Reform.

The greatest complement you can give us is making a referral, we are always looking for new business. Learning where to begin is sometimes the hardest part START CONVERSATION


Seminar Calendar

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  • 1:00 PM-7:00 PM
    2019.09.19
    The Hogan Center, College of the Holy Cross

    1 College St, Worcester, MA 01610

    1 College St, Worcester, MA 01610

    We are proud to partner with the Business Fundamentals Bootcamp to present “Strategic Mindset to Increase Profitability and Build Business Value”

    Most business owners are not operating their businesses in a way that actually builds its value. Typically, business owners are fulfilling a lifetime passion and operating as a “life-style” business providing a stable weekly income. Too often, owners are overly focused on day-to-day operations.

    Please join Matthew Allison of ROCG who will speak about building business value and positioning your business to achieve your personal, financial, and business-related goals.  In addition to building business value, Matt will touch upon planned and unplanned exit timing. For most of us unless you have other diversified financial assets to rely upon, you will need to ensure your business is always in a “sale-able” condition, and know if you will achieve enough financial resources from the transaction to fund you and your family’s post-sale lifestyle need and wants.

    • Do you know what your business is worth?

    • Have you started to build a Business Transition (BT) Plan?

    • Do you know when you would like to exit from your business?

    • Do you know which exit option is most likely to meet your personal, financial, and business-related goals and objectives?

    The most critical question you have to answer NOW is “how much do you NEED from the sale of your business to fund your future lifestyle?” It’s never about what you want from the sale or what you think your business is worth. You need to know if you have a value gap, and if you do, how are you going to close it. This is the starting point upon which to build your exit plan and then quickly begin implementing it.

    Remember, you typically have one shot at success…it has to be a good one!

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LATEST BLOG

  • Loss Limitations: What Partners and S-Corp Shareholders should know - The internal revenue code has various provisions that restrict partners and S-Corp shareholders from recognizing certain losses in the tax year that the loss was incurred.  These restrictions come in various forms: at-risk losses, passive activity losses, and excessive business losses to name a few.  Individuals with ownership interests in these types of pass-through entities […]
  • 2019 Individual Year End Tax Planning Opportunities - The following provides you end of the year tax planning opportunities…. The Tax Cuts and Jobs Act (“TCJA”), initially effecting individuals’ 2018 tax returns, was the most sweeping tax legislation since the Tax Reform Act of 1986 was signed into law.  Among other things, the act shifted tax brackets, reduced or eliminated some itemized deductions, […]
  • Potential Tax Relief on the Horizon for the Massachusetts Cannabis Industry - Businesses currently operating in the marijuana industry are well aware of a restrictive federal tax principal which limits the ability of recreational or medical marijuana business from deducting all ordinary and necessary business expenditures when computing taxable income. Fortunately relief might be on the horizon as a proposed bill in Massachusetts would allow cannabis businesses […]

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