news

We are pleased to inform you that RSM McGladrey and McGladrey & Pullen have signed a letter of intent to acquire Caturano and Company. As a result, our office will soon be doing business as McGladrey, one of the nation’s leading assurance, tax and consulting providers.

An article written by Faisal Muhammed, Consultant at Caturano and Company,  has generated lots of interest on SQLServerCentral.com in recent days.  In the article, Partitions in Analysis Services, Faisal outlines the importance of “Partitioning” and explains why it is a powerful technique used to enhance performance, scalability and ease administration of cubes (especially large cubes) in SQL Server Analysis Services.  Click here to read more

Caturano and Company recently hosted the Massachusetts Life Sciences Center, for a breakfast seminar on how to access potential benefits for your life sciences company.  Attendees learned about the MLSC tax incentive program, as well as they accelerator and small business matching grant programs offered by the center, including how to navigate the various application processes.
 

Congratulations to Rich LaCross who has recently been selected to the AICPA PFS Exam Review Task Force.  The AICPA is establishing the PFS Exam Review Task Force to provide subject matter expertise in order to ensure a quality exam each year. The PFS Exam Review Task Force will be involved in the overall exam process. This includes, initial review of questions, review of the overall exam and participation in the post-exam review process. To learn more, visit www.aicpa.org.

Caturano was recently recognized by Flo-Tech for its contribution towards protecting the environment, by participating in Flo-Tech's EnVision for the Environment Program.
 
EnVision for the Environment encompasses a multitude of programs and initiatives focused on sustainability including use of environmentally responsible printer supplies, recycling, and implementing best practices to optimize printing and imaging for the environment.
 

The recently enacted Patient Protection and Affordable Care Act (“the Act”), which was signed into law on March 23, 2010 (P.L. 111-148, H.R. 3590), and was followed soon thereafter by the Health Care and Education Reconciliation Act of 2010 (P.L. 101-508, H.R. 4872) (“the Reconciliation Act”), will result in significant tax changes for both businesses and individuals. The changes will be phased-in over the next several years, but planning in advance will better enable taxpayers to either maximize any tax advantages, or to minimize any disadvantages.

Jim Cashin, Caturano and Company
As featured in Vector, a Morse Barnes- Brown & Pendleton publication.

Caturano and Company announced today this it is a Bronze Level sponsor of the inaugral CFO Renaissance Conference on April 28th, 2010, at Bentley University in Waltham, MA.  Presented by the CFO RoundTable, the premier senior financial executive forum, this full-day event will feature esteemed keynote addresses, panels of CFOs and senior financial executives, dynamic networking opportunities, and more.

Caturano and Company today announced that Robert Frattasio, Vice President, has been appointed to the Board of Trustees for the South Shore Health and Educational Foundation, which generates philanthropic support for the South Shore Hospital and its home health care programs: South Shore Visiting Nurse Association and Hospice of the South Shore.  Frattasio is a resident of Norwell, Massachusetts. 

Caturano and Company today announced it has been nominated to the Microsoft® US VAR Champions Club for 2010. The Microsoft US VAR Champions Club program is designed to recognize and rewardpartners for their exceptional performance in delivering Microsoft technologies to the marketplace.

Caturano and Company today announced the addition of Bradford C. Taylor, AVA as a director in the firm’s business valuation practice. He will focus on further expanding Caturano and Company’s gift and estate tax valuation service offerings.

On February 24, 2010, the FASB issued ASU No. 2010-09. For all entities, except conduit bond obligors, amendments in the ASU are effective immediately for financial statements issued or available to be issued. For conduit debt obligors, the ASU is effective for interim or annual periods ending after June 15, 2010.

For the 6th consecutive year, we are proud to rank in the top of BBJ’s Area’s Largest Accounting Firms list.

Taxpayers making charitable cash contributions in early 2010 to help Haiti after the devastating earthquake can claim a deduction on their 2009 federal tax returns.

Leading CPA Firm Joins Intacct Accountants Program from CPA2Biz to Add Cloud Financial Management and Accounting to Portfolio of Business Process Outsourcing Solutions

 
Caturano and Company is pleased to announce Kevin Kopanon as vice president in the firm’s business development group. His team focuses on the consulting services of the firm including management and technology consulting, outsourcing, and risk and compliance.
 

As a PCAOB registered firm, Caturano and Company provides audit services for broker dealers that have custody of funds, and investment advisors that maintain client funds or securities in connection with advisory services provided to clients.

Caturano and Company is pleased to announce that Peter Jaworski, Vice President, Caturano Wealth Management LLC, has been selected as a FIVE STAR Wealth Manager for 2010. His selection will be announced in the February 2010 issue of Boston Magazine.

Caturano conducts 5th annual survey to determine the loan reserve factors that community banks are using in their calculations for loan loss reserves. View results now.

Caturano Was Appointed to the Institute’s Board of Directors in December 2008

Richard Caturano, president and CEO of Caturano and Company, New England’s largest regional full-service CPA, consulting, and wealth management firm, has been appointed as the Chairman of the Finance Committee of the American Institute of Certified Public Accountants. Caturano is one of 23 AICPA board members from across the country, 20 of whom are Certified Public Accountants.

The MSCPA's Federal Taxation Committee recently revised the Record Retention Guide for 2009.

New Hire Demonstrates Firm’s Growth Plan in Business Valuation Service Offerings

Caturano and Company announced today that Christopher K. LaDue, MBA, has joined the firm to lead its Business Valuation practice. Christopher specializes in mergers and acquisitions and valuation services for financial and tax reporting, gift and estate planning and litigation support.

With the long-anticipated release of the FASB Accounting Standards Codification (trademark) (Codification) on July 1, 2009, companies now need to quickly understand what they need to do in regards to their own financial statements and accounting policies to best prepare for the transition.

As reported in its “Summary of Board Decisions” publication, the FASB met on September 23, 2009, and ratified recent decisions made by the Emerging Issues Task Force (EITF).

As another year draws to a close, we would like to call your attention to tax savings opportunities related to investments in equipment that you may want to take advantage of, or at least consider, prior to the end of 2009.

Our recent annual End of Year Tax and Accounting Seminar held on November 5, 2009 was a great success!

Survey is the First in a Series of Studies Conducted by the Firm’s Consulting Practice

For the fifth consecutive year, Caturano and Company's Consulting practice ranked in the top 20 of the Boston Business Journal's Area's Largest IT Consulting Firms's list.  This year the firm ranks #15, up from #19 in 2008.

Firm hires Allan H. Cohen, CPA, to manage firm’s compliance with its professional and regulatory responsibilities.

Our 2009-2010 PDI Global Tax Planning Guide is now available for download.

Caturano and Company recently announced that Gavin Martin has joined the firm’s tax practice in the role of manager. Prior to joining Caturano and Company, Gavin served as a manager in the Transfer Pricing group at PricewaterhouseCoopers LLP.

Transfer pricing, which relates to intercompany pricing arrangements for tangible and intangible property and services transferred within a corporate group, has become a major issue for multinational companies and the tax authorities that monitor them.

Caturano and Company announces expanded Private Enterprise services team dedicated to assisting family-owned and owner-managed businesses by providing services including audit, tax, accounting, management and technology consulting, transaction advisory and wealth management in a variety of industries.

Bill Kracunas, vice president at Caturano and Company, recently presented at the Convocation event at Middlesex Community College on the topic of “Interrelationships Among Higher Education, Technology, and Industry.” 

The Room to Dream Foundation recently partnered with The Caturano and Company Foundation to restore the home of an exceptional family in Massachusetts with six chronically ill children.  The project was a huge success, led by a dedicated team of volunteers committed to the mission of The Room to Dream Foundation: To create healing environments in hospitals, communities, and homes for children and adolescents who are facing chronic illnesses. Tune into NECN's "Dream House" on September 13^th to watch the story, and learn more about the organization here.

Caturano and Company is listed at #40 of the Top 100 Firms in the 2009 Inside Public Accounting list. We were previously listed at #42 in the 2008 list.

The Boston Business Journal recently named Caturano and Company as one of the “Area’s Largest Corporate Charitable Contributors” for the fifth consecutive year. The list is published annually to recognize Greater Boston companies with the largest contributions to corporate foundations.

Caturano and Company, New England’s largest regional full-service CPA, consulting, and wealth management firm, announces that Marc P. Lamothe, CPA, has been promoted to Partner in the firm’s tax practice.

This Mass High Tech featured article written by Jim Cashin and Marianne Bach concerns the topic of International Financial Reporting Standards (IFRS), and the potential impact on organizations.

Caturano and Company is proud to be featured in Accounting Today's 2009 Top 100 Firms Why the Best are the Best supplement.  In the article, "Caturano and Company: Always a Step Ahead," Richard Caturano, President, said, "I think the success is in the culture that we've created.  It's a culture of producing results, getting things done and tackling the different projects that other firms may not be capable of tackling."

Firm Selected for Information Worker Solutions, Search Category

Caturano and Company, New England’s largest regional full-service CPA, consulting and wealth management firm, announced that it has been selected as a 2009 Microsoft Worldwide Partner Conference Awards finalist in the Information Worker Solutions Partner of the Year, Search category. Finalists were selected from a pool of nearly 2,000 entrants worldwide.

On July 10, 2009, the Treasury released new guidance on the renewable energy grant program. Click here to learn more details.

Caturano and Company’s SOX Rapid Assessment for non-accelerated filers is now available.

On Monday, June 29, 2009, Governor Deval Patrick signed the Massachusetts budget for fiscal year 2010 into law. The budget will raise more than $1 billion in new revenue through a number of tax increases. 

The Federal Trade Commission granted a three-month delay of enforcement of ‘Red Flags’ rule which requires creditors and financial institutions to adopt Identity Theft Prevention programs. The deadline for compliance has been extended until August 1, 2009. Learn more about the “Red Flags” rule.

Firm Also Ranks 5th in Survey of Best 15 Accounting Firms for Diversity

Caturano and Company, New England’s largest regional full-service CPA, consulting and wealth management firm, has been named the “#1 Best Firm to Work For” in a national survey on “quality of life” at major U.S. accounting firms. Vault is a media company focused on delivering insider information to professionals and students who are pursuing and managing high-potential careers.

Caturano and Company recently announced Christopher (Chris) MacKenzie as Chief Operating Officer (COO) of New England’s largest regional full-service CPA, consulting, and wealth management firm. As COO, MacKenzie leverages his 24+ years of practical experience at Caturano and Company to oversee the wealth management and consulting practice areas as well as lead several of the firm’s practice management functions including internal technology, finance, treasury and operations.

The Internet and instant global communications have made international banking very easy.  You can sit comfortably in your home and deal online with a bank in Europe, Asia, or anywhere.  Some unscrupulous promoters have even advertised the "tax-free" benefits of using foreign banks, an approach that is not only wrong, but criminal. 

Firm Participates in Flo-Tech’s EnVision for the Environment Program

Caturano and Company today announced that Jerry Brisbois, Vice President in the State and Local Tax (SALT) group, has been appointed as the incoming co-chairman of the Boston Bar Association’s State & Local Tax committee. The position will be a two-year term effective September, 2009 which he will co-chair with a partner from the law firm of McCarter & English.

Caturano and Company recently hosted an IT Trends seminar on “Delivering Premium Returns on Your IT Investments.”

While the new law tax changes in the American Recovery and Reinvestment Act of 2009 were the most significant developments in the first quarter of 2009, many other tax developments may affect you, your family, and your livelihood. These other key developments in the first quarter of 2009 are summarized in this update.

Caturano and Company today announced that Greg Natalucci, Vice President in the firm’s assurance practice, has been appointed to the Board of Directors for the Massachusetts/Rhode Island chapter of the Construction Financial Management Association (CFMA). He is also a member of the organization’s programs committee.

President Obama recently proposed a $3.5 trillion federal budget for fiscal year (FY) 2010, which includes some significant tax cuts and increases, although most of them won't officially begin until 2011. Many of the tax proposals build on the recently enacted American Recovery and Reinvestment Act of 2009 (2009 Recovery Act). Others stem from the president's campaign for the White House.

Caturano and Company today announced that it has joined the FAST X10 Partner Program, as a Fast Search & Transfer (FAST) Search Partner. FAST is a Microsoft Subsidiary, and is a leading provider of enterprise search solutions. Caturano and Company is a Microsoft Gold Certified Partner and a known leader in the Microsoft Office SharePoint Server technology space.

The Boston Business Journal recently named Caturano and Company as one of the “Area’s Largest Accounting Firms” for the second consecutive year. The list is ranked by number of CPAs in Massachusetts.

As you know, in an effort to jump-start the nation’s struggling economy, Congress has passed a massive economic stimulus package, known as the American Recovery and Reinvestment Act of 2009. President Obama signed the legislation into law on February 17, 2009.

The Commissioner recently made changes to Form PTE-EX. Earlier versions of Form PTE-EX which have already been filed with the entity remain valid. However, pass-through entity members who executed the earlier version which was applicable for only one year, must renew the form for the 2010 tax year. The revised version of Form PTE-EX is now applicable for the year in which it is filed and all subsequent years. The following changes were made to Form PTE-EX:

Partnership through Microsoft enhances client service offerings to expanded customer base.

The AICPA held its annual Employee Benefit Plan Accounting, Auditing and Regulatory update in Washington, DC in December. The 2-day conference was attended by EBP professionals from across the country and focused on recent accounting and regulatory changes likely to impact the 2008 financial statement audits of employee benefit plans. The conference was facilitated by industry experts and representatives from the Department of Labor (DOL) and the Internal Revenue Service (IRS).

The Securities and Exchange Commission (SEC) voted to require financial statement information to be provided in interactive data format using eXtensible Reporting Business Language (XBRL) beginning in 2009 for certain large accelerated filers.

The Massachusetts Life Sciences Center ("MLSC") has issued the draft Life Sciences Tax Incentive Program Application and draft Life Sciences Tax Incentive Program Instructions by which Life Sciences companies could apply to become "Certified Life Sciences Companies" for purposes of obtaining life sciences state tax incentives as well as gain access to grants, investment funds or other forms of financial assistance from the MLSC.