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Decorate in Your Style!

Why choose custom window treatments when there are many ready-made options available?

Better quality construction. We run our own drapery fabrication studio; we personally design and manage every detail of your project.

  • Better coordination in your home. You choose from a wealth of fabrics to find a perfect match with your other furnishings.
  • Fit challenging windows or doors.Arched or oversized windows, transoms, or architectural obstructions often require creative custom designs that you can't find ready-made.
  • Guaranteed one-of-a-kind. You can be assured that your neighbors won't have identical curtains!
  • Details make all the difference.We take the time to add details like trim, cording, and hand finishing that define quality.
  • They just look and hang better. Anyone can spot custom window treatments as soon as they walk into a room.

Custom window treatments can be the single most important element in pulling together your decorating scheme. Kim's Custom Creation's goal is to provide up-to-date window treatments and other home furnishings that you are excited about.

Noodles & Company Now Open in Nashua!

Noodlegram from Noodles & Company

Introducing the United Nations of Food Now in your neighborhood

Noodles & Company is now open at 219 Daniel Webster Hwy, Nashua, NH!


Enjoy the world’s favorite noodle dishes, soups, salads and sandwiches (plus a few savory appetizers, decadent desserts, tantalizing wines, handcrafted brews and more than 100 drink choices) — all without leaving the neighborhood.

Every dish is cooked-to-order using only the freshest ingredients and served tableside in a snap. We've got plenty of parking so come on in and check us out...can't wait to meet you!

Can't get enough Noodles info?

Save Yourself Space, Time, Energy, and Money!

Are You Sick of Clutter?

What would it do for your business, if you could take one day and create an environment that supports you in doing the great work you now only dream about? If this resonates with you, you need to experience the 8-Hour Miracle™.

Get rid of the clutter and paper that are holding you back.  Understand what you need to do to accomplish your work.  Put systems in place to support your best performance at work and at home.

The 8 Hour Miracle™ is a service for, one person in one office that will help your get and stay organized.

It will provide you and your staff with instant access to the materials you need to accomplish your work.

You will never have to worry about how you would find important documents in reaction to an audit or legal action.

You will be able to give your clients the time and attention they deserve.

You will increase your productivity and lower your stress.

Best of all you will, Save Yourself Space, Time, Energy, and Money!  (SYSTEM™)

We are so confident that you will love the 8-Hour Miracle™, that our products and services are 100% guaranteed!  If you are not satisfied with the results at any time within 30 days following our appointment, we will return and make it right, or refund your entire consulting fee!

For more information contact:

Judith F. Guertin, CPES

Certified Productive Environment Specialist

All Ways Organized, LLC

www.allwaysorganizedmass.com

judy@allwaysorganizedmass.com

Take our Free Productivity Scorecard and schedule your complimentary 30 Minute Discovery Session Today!

 

978-996-7497

Newsletter from Sullivan and Gannon, LLC

 

 

View our profile on LinkedIn

 

Contact Us:

Sullivan and Gannon, LLC

22 Central Square

Chelmsford, MA 01824

978.244.2740

 

www.sullivangannoncpas.com

 

 

 

QUICK FACT

  

Gift tax exclusion is $14,000.

 

BUSINESSES AND LANDLORDS:

  

Request ALL vendors complete a Form W-9 to determine if a Form 1099 needs to be issued at year end.

 

Pay Online

  

Make your tax payments online:

 

IRS Click here

 

Massachusetts  Click here

 

PORTAL ACCESS:

  

Here are options to accessing our portal:

 

If you have a login, please access here:  LOGIN

 

If you are interested in sending documents to our portal:  UPLOAD HERE

 

If you need a login, please email LOGIN REQUEST

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SUMMER 2014

 

 

 

 

 

 

DO YOU HAVE A CAPITALIZATION POLICY? 

 

The IRS has issued final regulations to further define capitalization and expensing rules for tax returns effective 1/1/14.  The IRS also set optional de minimis rules for both the capitalization and expensing rules. 

 

But the real exciting piece of the regulation is the allowance to use a company's financial accounting (book) capitalization policy with limits.

 

Here are the highlights of the regulations:

  • Write off up to $500 in tangible business property, with a useful life of more than 12 months, purchased in the current year.  If the cost exceeds $500, the entire item must be capitalized.
  • If the company has a book capitalization policy, they may follow that in lieu of the $500 rule.  The safe harbor de minimus per the IRS is $5,000.
  • Write off for materials and supplies was increased to a threshold of $200.
  • If a repair is expected to occur more than once in it's class life, it can now be classified, and expensed, as a repair.  Previously they were deemed to be capitalizable items if they improved the useful life of the property.   

These regulations present further opportunities to expense more items for tax purposes than were previously allowed. 

 

Please contact us if you would like us to guide you in creating a capitalization policy to take advantage of this new law.

 

TRUSTS

 

Trusts are in high tax brackets and fall into the Medicare surtax with as little as $12,000 of income due to the recent changes in the tax laws. 

 

It may be a good time to consider decanting trusts if their purpose is no longer relevant.  If the trust still serves a purpose, consideration should be given to distribute out all the income (or what is allowed by the trust document) to the beneficiaries if they are in lower tax brackets.

 

S CORPORATIONS

 

The new tax laws in regards to the Medicare surtax (3.8%) favors S corporations as the entity of choice for tax purposes.  The pass through income from these entities is exempt from the surtax if the shareholder is active in the business. 

 

If the owner's salary is greater than $250,000, the owner will be subject to the lower Medicare surtax of 0.09%. 

 

This is a planning opportunity for all S corporations.  Call us to discuss your situation.

 

IRS AUDIT FLAGS

 
  1. Forgetting to claim income that is already being reported to the IRS.
  2. ROUND numbers are always a flag.
  3. Large deductions for travel & entertainment.  Computer programs at the IRS establish norms.  Taxpayers that are outliers are at a higher risk of audit.  In addition, the IRS is aware that taxpayers often don't have receipts or substantiation for these items.
  4. Large deductions for charitable contributions.
  5. Offshore accounts that are not reported to the IRS.  These fines can be as high as $60,000.
  6. For Schedule C's:  large losses, large "repair" expenses, bad debt deductions and independent contractors.
  7. Low or no officer's wages on an S corporation tax return.
  8. Claiming hobby losses as business losses.
  9. Claiming large loss carryovers.
  10. Claiming a large refund on an amended return.
  11. Failing to file.

 

BRING YOUR ACCOUNTING TO THE CLOUD!

 

We have great accounting solutions to bring your accounting department to the cloud.  The benefits of going to the cloud include:

  • Accessibility - Anywhere, anytime productivity and flexibility
  • Increased collaboration with your accountant and staff
  • Better internal controls 
  • Save time and money by not processing paper
  • Automate systems that save time and money in the office
  • Business continuity - auto backup of cloud information 
  • Automatic software upgrades
  • Scalable and more efficient
  • Simplified PC, server and network maintenance

We have experience bringing client accounting systems to the cloud.  We have evaluated some amazing programs that will automate your accounting  and save time in your office. 

 

Call us to discuss bringing your accounting system to the cloud.

 

IRA ROLLOVERS

 

An individual is only entitled to complete one rollover during any 12 month period regardless of the number of IRA accounts they hold. 

 

A trustee to trustee transfer is exempt from this rule.

 

MyRA's

 

A new retirement plan has been created and called "myRAs"  These are referred to as a "starter" savings account for retirement.  It is expected to be available through taxpayers' employers and backed by the U.S. government.

 

The Treasury highlighted these key features of myRAs on their website:

... As little as $25 to open an account.

... Add to savings through regular payroll direct deposit-$5 or more every payday.

... No fees.

... MyRAs will earn interest at the same variable rate as the Government Securities Investment Fund in the Thrift Savings Plan for federal employees.

... MyRAs will not be limited to one employer-the account will be portable.

... MyRA contributions can be withdrawn tax-free.

... Earnings can be withdrawn tax-free after five years if the saver is 59 1/2.

... Account holders can build savings for 30 years or until their myRA reaches $15,000, whichever comes first. After that, myRA balances will transfer to private-sector Roth IRAs.

The Treasury said it will finalize procedures later in 2014.

 

EMPLOYER HEALTH CARE MANDATE

 

The employer mandate to provide health insurance, for employers with greater than 50 employees, will be effective January 1, 2015. 

 

SALES TAX HOLIDAY

 

Massachusetts will have a sales tax holiday over the weekend of August 16 and 17th. 

 

 

 

 

 

Sincerely,

 

Laura and Jonalyn

Sullivan and Gannon, LLC

(978) 244-2470 

 

 

 

 

 

We are growing and accepting new clients.  The best clients are the ones that come from a referral.  If you have had a good experience with us, please consider recommending us.  We would love a recommendation to post on our website or on LinkedIn

 

 

Recommend Us!

 

Meet the Farmer's Supplying Fuse Bistro

 

Fuse Bistro

 

FUSE NEWS  /  JULY 2014

       
 
 
 

Main Image

 

MEET THE FARMER'S

 

We'd like to introduce you to some of the local farmer's that we rely on at Fuse Bistro! We use their produce on our menu, in our cocktails and in our daily specials.

FARMER DAVE'S
Farmer Dave gives us the widest variety of produce, as his operation is the most vast of the farms that we use. We purchase tomatoes, squash, greens, corn, radishes, herbs, and many more items from him. About 95% of Farmer Dave's produce is grown without synthetic sprays.

 

VISIT FARMER DAVE'S

 
 
 

 
 
 

MILL CITY GROWS
The newest operation we draw produce from is Mill City Grows. They focus mostly on educating the city's youth on how to grow food for sustainability. We get lots of greens and herbs from them. Mill City Grows improves physical health, economic independence and environmental sustainability in Lowell through increased access to land, locally-grown food and education.

 

VISIT MILL CITY GROWS

 
 

 
 
 

HERB HILL MICRO DAIRY FARM
Lucy, at Herb Hill Micro Dairy farm in Andover, grows lots of herbs and greens, raises chickens and occasionally has fresh goats milk for cheeses. Lucy's Herb Hill Micro Dairy Farm is a certified organic operation.

 

VISIT MICRO HILL DAIRY FARM

 
 

 
 

Acoustic Sundays

 

ACOUSTIC LINEUP

 

7/20 – Ken Budka
7/27 – Ashley DiGrazia

As always, we'll feature live music every Thursday evening, from 9pm until midnight.

 

Folk Festival

 

LOWELL FOLK FESTIVAL

 

Join us during the Lowell Folk Festival, happening July 25-27. Musical guests Casey Stern, Hannah Zacharer and Sean Lebrun will play from 1pm until midnight. Come and enjoy the local talent!

 
 
 

 
 
 
 

FUSE BISTRO  /  45 PALMER STREET, LOWELL, MA  /  (978) 323-0424

 

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Fuse Bistro · 45 Palmer Street · Lowell, MA 01852 · USA

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Calling all Teens between 15-21 years old! Money Talks!

mtc

 

Money Talks teaches real-world, personal finance skills to teens with hands-on activities. Teens will have the opportunity to envision their personal money goal and create steps to reach their goal. Learning will include basics to banking, the importance of good credit and knowing the difference between needs and wants. We aim to help participants learn that making the correct financial decisions today will create a better future for tomorrow.

Teens will meet for three half-days and to learn about the following topics:

Day 1: Vision, Values, Goal Setting, and Choosing the Right Career

Day 2: Saving/Spending/Investment Planning, Credit, Basic Banking

Day 3: Reality Fair

The Reality Fair will be an interactive activity where teens have the opportunity to put into practice the knowledge they gained during the past two days by making the best money decisions for themselves based on their career, salary, credit score, number of children, etc.

Dates: August 4th, 5th and 6th, 2014 Time: 9 AM- 12:00 PM

Location: Morey Elementary School-114 Pine St-Lowell, MA 01851

YOU MUST REGISTER- contact Gladys Santiago at 978-654-5673 or email gsantiago@comteam.org

This is a FREE event offering a continental breakfast from 8:30-9:00AM and light lunch at noon

PLUS lots of FUN RAFFLE items

A special thanks to all of our partners for helping to make Money Talks a great success:

Special offer from Newbury Photographs

Now for a limited time, engagement sessions with custom “Save the Date” cards are FREE when booking any wedding package. Please call Nicole Mason at 617-275-2308

newbury photographs

Berid & Schutzbank has moved their office to North Andover

Berid & Schutzbank, LLC is pleased to announce as of July 9, 2014 our new office location will be 800 Turnpike Street, Suite 304, North Andover, Massachusetts 01845.

After twenty years in the great city of Lowell, we are moving to a more centralized location to better serve our clients throughout the Merrimack Valley, Southern New Hampshire, Boston North Shore, and the Greater Lowell area.

As a well-established law firm in this region, we are committed to the continued pursuit of excellence, effective communication, and the strictest personal and professional ethics as well as the utmost concern for our clients.

We continue to concentrate in family law (divorce, custody, removal, parenting issues, child support, contempt’s and grandparents rights), criminal law, guardianships, and elder issues.

We invite you to contact us at our new office location if we may be off assistance to you now or anytime in the future.

Thank you.

New Office Information

Berid & Schutzbank, LLC
800 Turnpike Street, Suite 304
North Andover, MA  01845

Tel: (978) 655-4282
Tel: (978) 459-8845

 

Fax: (978) 655-3693
Email:
eschutzbank@berid-schutzbank.com
Web: www.Berid-Schutzbank.com