The Consolidated Appropriations Act of 2021 (Act), signed into law on December 27, 2020, contains significant enhancements and improvements to the Employee Retention Credit (ERC). The ERC, which was created by the CARES Act on March 27, 2020, is designed to encourage employers (including tax-exempt entities) to keep employees on their payroll and continue providing health benefits during the coronavirus pandemic.

It is with mixed emotions that we announce the retirement of Paul Gilligan, effective December 31, 2020. Paul has led our tax department for the last twenty years and has brought his technical expertise and creativity to our clients.

After 42 years in public accounting, I have decided to retire at the end of this year. It has been a long journey and I am quite comfortable with my decision.

What Do You Need to Know About Year-End Tax Planning in Today’s Post-Election, Covid-19 Environment? A possible presidential victory for Joe Biden combined with a Democratic majority in the Senate might result in tax increases in 2021 for higher-income individuals, corporations, investors, and estates.

STOWE & DEGON LLC, one of New England’s leading accounting firms, announced today that it had
expanded its physical footprint further into the greater Boston region by merging with Lynnfield-based
accounting firm, Croyle & Associates PC, effective August 30.