Norwell Business of the Year

Lynch Marini & Associates named Norwell Business of the Year. Norwell’s Business of the Year award strives to highlight those that go above and beyond that description. This year’s award goes to Lynch Marini & Associates. The certified public accountant firm has offices in Natick and at 99 Longwater Circle in Norwell, having moved to the South Shore town in 2009. Since then, the firm has been the provider of accounting, tax and business services to the community.

Lynch Marini also supports local organizations, not only with accounting services, but by donating money for events like Summer Fest and helping build homes for Habitat for Humanity. The company is a gold sponsor for this year’s Norwell’s Summer Fest event, donating $2,500, and has provided their accounting services for past festivals.

“It’s great to be able to get out and enjoy the community and your neighbors and meet other people,” Lynch Marini & Associates Principal Partner Robert Lynch said.

Besides Summer Fest, the company also supports scholarship programs in town, the Norwell Scholastic Arts Society, The James Library and the Norwell Robotics Team.

“I think it’s very important to give back to the community, to help the community thrive and be healthy and help those who need help,” Lynch said. “Everyone needs it now and then.”

When Habitat for Humanity was building a home on Circuit Street in 2012, Lynch Marini was one of several companies that helped with construction. Robert Lynch was one of 10 employees who went to the site and helped put up siding and performed other construction work around the site.

“It was good to help out with a service project in the community,” he said.

The company, especially Lynch, has certainly made an impression on the community, which is why Norwell resident and business owner Reiko Beach nominated them for the award.

“I have known Rob Lynch for a number of years and he has always been open to helping answer accounting questions for my business,” Beach said. “He has always given generously his time and patience to me and people that I have recommended to him.”

In a press release, the Norwell Chamber of Commerce said Lynch Marini goes above and beyond what any normal business does to support the community it serves.

“The Norwell company prides itself in looking beyond the numbers – each client engagement is a living entity, in other words, the company is vested in its clients’ businesses, towns and organizations in which the clients are deeply vested with their own blood, sweat, and tears,” the release states.

In response to the high praise, Lynch simply said it was a pleasure to serve the Norwell community in whatever capacity the company can.

“We’re all here to help and we all have our different needs,” he said. “We’re just glad to be able to help anyway we can.”

For more information on open positions, and accounting services, contact our team.

November 2018 Tax Planning

As most people know, 2018 had tremendous tax changes. Since January, our team has been conducting detailed analysis and discussing strategies, as to how business owners can best deal with the changes. For the Small Business Owner, the tax law has been changed in an attempt to provide the same tax rate as corporations.

However, great care and attention to detail must be exercised to maximize these benefits. Too much or too little salary, over expensing of equipment purchases, and implementation of retirement plans must all be reviewed to ensure that tax benefits are optimized. Important questions must be asked,  such as:

  • Should you incur those capital gains this year?
  • How will capital gains affect the overall tax rate?
  • How does your spouse’s income affecting this computation?

Some business owners may have heard that the recent changed simplified tax returns and planning. Our team believes many of these changes actually make it more complex.

We welcome a discussion relating to your specific business situation.  Please contact Tony Marini or Rob Lynch for questions or assistance.

Rob Lynch 781-871-5850
Tony Marini 508-650-0018

July 2018 Accounting News

Certain non-profits are required to undergo a review or an audit which results in formal financial statements. For the year ending December 31, 2018, the reporting requirements are changing. The presentation of Temporary Restrictions and Permanent Restrictions along with Board Designated will be different. New footnote disclosures are required.

It is important to ensure that your Non-profit has the correct and accurate descriptions of your donation and supported with thank you letters. We continue to recommend that all restriction of funds be fully detailed and if appropriate, approved by your Board.

Please send us a note or call us to discuss these and any other questions or issues you may have.

Rob Lynch 781-871-5850
Tony Marini 580 650-0018

Welcome to Lynch Marini Accounting & Tax Updates

Welcome to the accounting and tax update section of our website. We will post important updates here, to keep you informed of important changes impacting your accounting methods, tax changes, tax planning, and clarifications and rulings by the Internal Revenue Service.

If you would like notifications of updates, subscribe to our update page, simply submit your email on the subscribe box, and you will receive email notification of important updates. You can unsubscribe at any time, and your email will remain confidential to Lynch Marini and will not be shared.

As always, if you have any questions, please reach out to us at any time. We are here to help you.  Please contact Tony Marini or Rob Lynch for specific questions!

Telephone (781) 871-5850