Author Archives: Brenda J. McGivern, CPA

About Brenda J. McGivern, CPA

Brenda McGivern started her own certified public accounting and management consulting firm in October 2001. The full service CPA firm provides tax and accounting solutions to meet the needs of today's small business and individual. Brenda McGivern has become a trusted advisor and valuable resource her clients rely on for timely, accurate assistance when they need it. Before starting the firm, she worked as an accountant for three years at a local firm and prior to that five years at a large international CPA firm in Boston. She has performed the following tax services: federal, state and local tax planning, international tax planning, estate and succession planning, mergers and acquisitions, capital retention and IRS representation. She has also coordinated assurance engagements, such as financial statement audits, reviews and compilations from the planning phase through the reporting phase. She has prepared and reviewed regulatory filings for numerous regulatory agencies including the Security and Exchange Commission. Prior to these positions she was selected from over 2,000 candidates into an eight-person intensive financial management program at an international technology company. The program consisted of graduate level classroom study and two six-month rotational assignments in financial operations. She graduated cum laude from the University of Massachusetts at Amherst and holds a Bachelors Degree in Business Administration with a concentration in accounting. McGivern also holds a license in Massachusetts as a Certified Public Accountant and is a member of the American Society of Certified Public Accountants and the Massachusetts Society of Certified Public Accountants. She currently sits is a board member at two local organizations. She resides in Stoughton, Massachusetts with her husband Brian, and their sons Sean, Ryan and Conor.

ITEM #6 – IRS announces business vehicle deduction limits for 2017

The IRS has published depreciation limits for business vehicles first placed in service this year. These limits remain largely unchanged from 2016 limits. Because 50% bonus depreciation is allowed only for new vehicles, these limits are different for new and … Continue reading

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The importance of maintaining good tax records

Keeping your tax records organized year-round is a good practice and will keep you from hastily assembling your documents for your annual tax preparation appointment. If you are diligent about maintaining your tax records, you won’t have to worry about … Continue reading

Posted in Filing Taxes, save on taxes, Tax, tax advice, tax bill, Tax Return, taxes, Uncategorized | Tagged , , , | Leave a comment

Why you should consider a midyear tax review

Most people don’t include tax planning on their summertime agenda, but there are benefits to doing so. The problem with waiting until the end of the year is that you reduce the time for planning strategies to take effect. If … Continue reading

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Are You Memorizing Transactions? Should You Be?

You know that QuickBooks saves a lot of time. But have you explored how it does so by memorizing transactions? Your accounting work involves a lot of repetition. You send invoices. Pay bills. Create purchase orders. Generate payroll checks and … Continue reading

Posted in business help, Business Owner, Operational Accounting, quickbooks, quickbooks help, QuickBooks Tips, Uncategorized | Tagged , , , , , , | Leave a comment

Find the best employees to contribute to your company

Turnover is an often overlooked cost of doing business. Sometimes it can run as high as 25% of salary and benefits. One way to reduce this cost is to hire wisely. It’s an oft-quoted cliché that employees are a company’s … Continue reading

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Two tax-smart ideas for your tax refund

Are you looking forward to your tax refund? By now you know how much you’ll be getting and approximately when the cash will land in your bank account. The only question is, what’s the best way to put the money … Continue reading

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Tax filing reminder for nonprofit organizations

Nonprofit organizations are required to file annual reports with the IRS. Organizations with gross receipts of $50,000 or less can file an e-Postcard instead of the longer Form 990. The deadline for nonprofit filings is the 15th day of the … Continue reading

Posted in Business, Business Owner, charities, Operational Accounting, tax advice, taxes, Uncategorized | Tagged , , , , , | Leave a comment