Helping You Navigate Your Financial Future

You’re an established presence in the Commercial Fishing industry, which means your time is focused on the operational efforts required for catching and processing fish. With the pressure to keep prices competitive in the face of increasing regulatory requirements, you need a relevant, trusted advisor who can reinforce the foundation of your business and help you navigate your financial future.

We provide bill paying, fishing settlements, and bookkeeping services, which enable you to concentrate and focus on fishing operations. As an established, full-service firm with over 35 years of experience in the Commercial Fishing industry, DiSanto, Priest & Co. is specially qualified to help your business thrive. Our unique hybrid tax, assurance, and advisory services were designed for Commercial Fishing companies like yours. You get one team with the training and credentials to handle all of your needs. And as your business grows, our specialized tax, audit, and advisory services grow with you.

Focusing on What Matters Most

We realize that while you’re busy operating and maintaining your vessels, it can be difficult to manage your financial accounts. Whether it’s understanding licensing and regulatory requirements or managing costs and budgeting, the future of your business depends on your ability to maintain and address these challenges. DiSanto, Priest & Co. has the specialized skills and tax management strategies (i.e., Capital Construction Fund Program, among many others) to help manage your company’s fiscal responsibilities. Our business model is designed to be proactive and to deliver our services to our clients with a personal touch.

Making Your Passion Our Business

We’re a partner who understands the Commercial Fishing industry and can leverage our extensive resources and organizational affiliates to help you reach your goals. Our network of industry-specific professionals offers valuable experience in the unique compliance and regulatory requirements that affect your ability to manage costs and stay competitive. You don’t need just another accounting firm – you need a relevant advisor who specializes in your industry.

 

New Tax Incentive for US Corporations Exporting Goods or Services to Foreign Markets
For tax years beginning after December 31, 2017, the Tax Cuts and Jobs Act (TCJA) provides a new permanent deduction for domestic C-corporations that generate income from serving foreign markets. The deduction would reduce the federal tax rate on such income from 21% to 13.125% (increasing to 16.41% after 2025).
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1031 Exchange – Is It Right for You?
Do you own a piece of real estate whose fair market value is greater than its basis?  Are you contemplating selling and buying another? A 1031 Exchange may be for you! If you are contemplating a like-kind exchange, at Disanto, Priest & Co. we would be more than happy to assist you.
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Consider QuickBooks Bank Feeds to Save Time
Setting up a data interface between your QuickBooks file and your bank can dramatically reduce the time burden created by the manual data entry of transactional activity.
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Rhode Island Innovation Voucher Program
Rhode Island’s Commerce Corporation will begin offering grants to companies performing research and development in partnership with local universities, research centers, or medical centers.
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Physical Presence No Longer Required for Sales Tax
In a 5 - 4 decision, the Supreme Court ruled in favor of state authority to require online retailers to collect sales taxes without regard to physical presence in the state. Although states stand to gain much-needed tax revenues, there may be consequences for online retailers that do business in multiple states.
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How to Assess Your Company's Financial Health
We receive regular checkups to monitor, maintain, and improve our health. But did you know that you should do the same for your company?
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The Importance of Strategic Planning
Is your company future ready? We are living in a time of rapid change around the world. Consider a Strategic Planning Engagement to ensure success.
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New Year and New Tax Laws Bring Change to Estates and Gifts
As we continue to welcome in the first quarter of 2018 and the new tax bill, let's take a quick look at what has changed and what remains the same.
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Meal and Entertainment Provisions in the Tax Cuts and Jobs Act
As part of tax reform, significant changes were made to the ability of businesses to deduct meals and entertainment expenses.
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