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New Stimulus Package Extends and Expands Employee Retention Credit

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.

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We congratulate Paul Gilligan on his retirement.

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.

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Stowe & Degon launches Free Webinar Series

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.

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Stowe & Degon Announces Merger

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.

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New Revenue Standard Presentation & Disclosure

The new revenue standard is effective this year for all non-public companies with December 31 year ends.  While many companies may not see a significantly impact on the dollar amount of revenue compared to the prior standard, there are considerably…

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How to deal with surprises in M&A

Surprises are rarely good. There are many different emotions that come with the experience of surprise: fear, anxiety, and joy—to name a few. Deals can also cause the same emotions for a deal maker. Perhaps the booked pipeline was stronger…

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