RECENT POSTS

Great News For Small Businesses That Qualified For Research Credits in 2016
At DiSanto, Priest & Co., we make your industry our business. Stay current on the latest topics affecting your company ...
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The New Lease Accounting Rules - January 2020 Is Not That Far Away
At DiSanto, Priest & Co., we make your industry our business. Stay current on the latest topics affecting your company ...
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The Secret to Beneficiary Designations - "Follow Directions"
To remain competitive in today’s working environment employers will offer employees the opportunity to participate in a pre-tax retirement plan.  In addition, they may offer to match the employee’s contribution up to a certain percentage.  As part of the process, the employee is required to complete certain paperwork which includes a Beneficiary Designation Form (BDF).
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Medical Billing - Some Best Practices
Today’s health care providers face an onslaught of new rules —including complex coding requirements, privacy concerns, higher copays, unpaid debts, and denied claims, to name a few—making it more important than ever for medical offices to create clear medical billing policies.
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The Obstacles to Establishing Your “Dream Team”
We all know that people are your most important asset.  They create new ideas, service your customers, and handle all the things that machines simply cannot.  Let’s face it, that large payroll expense on your income statement is there for a reason.  You have probably spent quite a bit of time trying to hire the best people, the smartest people, and the ones that fit your company’s culture; essentially trying to build your dream team.
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Is Your Business' Workforce on the Move?
Many companies are expanding their business transactions across state borders and finding themselves operating with a mobile workforce.  With many states aggressively attempting to find ways to close their budget deficits, these expanding companies become a means of generating new sources of revenues.
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Do You Qualify for the Rebuild Rhode Island Tax Credit?
Do you have a real estate project that is not able to raise sufficient funding? Do you have a project at risk of having to relocate to another state? Rebuild Rhode Island may be the answer! The Rhode Island Commerce Corporation, through the Rebuild Rhode Island Tax Credit Act, can provide incentives such as tax credits, loans or equity investments to eligible Projects!
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179D – The Energy Efficient Commercial Building Deduction
The section 179D tax deduction was passed by Congress in 2005 as part of the Energy Policy Act.  It allows qualifying building owners and businesses to receive a tax deduction of up to $1.80 per square foot for their energy efficient buildings or significant improvements placed in service during all open tax years.
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Anchor Institution Tax Credit
In boating, an anchor is a mechanism used to hold a ship steady.  In television, an anchor is a person who presents and coordinates.  In sports, an anchor is the person on the team with the best ability.  In Rhode Island, an anchor is a business that orchestrates the creation of new jobs.
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Take Advantage of Bonus Depreciation Before Year End
Bonus depreciation's job is to spur economic growth through investment, or reinvestment, in business property within the United States.  Whether you're a manufacturer looking to expand your operations or simply looking to update your equipment, bonus depreciation can help you accelerate tax savings. 
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Cybersecurity
Interactions with technology are advancing at an exponential rate, and so are the risks of a cyber-attack. It seems like every other day there is another story in the news of a malicious virus sweeping the global marketplace and negatively impacting local economies.
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Gearing up for the New Revenue Recognition Rules
Though it has been publicized that certain “contract-based” industries - telecommunications, technology, engineering, media, and pharmaceuticals, to name a few – will be impacted by the new revenue recognition rules the effects are in fact more far-reaching and will apply to all companies, public or private.
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5 Compelling Reasons to Consider Solar for Your Manufacturing Business
Technology in the energy industry is evolving at a rapid pace.  Solar panels are becoming leaner and more efficient – providing more capacity at a lesser cost, mimicking the path of more traditional computer hardware.  Below are 5 reasons why we believe solar is worth considering today to boost your bottom line.
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The Research and Development Tax Credit
Tax credits are important.  These are our government’s “carrots” for business owners.  They are saying “Hey! Please focus here! Our economy depends on it!  And if you do, we’ll thank you with a reduced tax bill.”  Credits are dollar-for-dollar reductions in your tax bill.
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Accounting Tips for Start-ups
So first of all – congratulations!  Starting your own business takes guts and entrepreneurship is a key driver of our economy.  So bravo and thank you for taking the big leap.  At the risk of "raining on the parade", we can't ignore the hard truth out there which is that most new businesses fail within the first two years. 
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One More Reason to Expand your Tech Business in Rhode Island
Are you currently operating a business in Rhode Island and looking to expand?  Perhaps you have a business outside of RI that you’re looking to relocate.   Rhode Island, in an effort to attract and retain new and existing businesses, enacted the New Qualified Jobs Incentive Act in 2015 and has already awarded several job creators significant annual, redeemable tax credits that have allowed them to make expanding or relocating to RI more financially feasible. 
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