PWCPA Blog

Did you know that poor financial management is one of the leading causes of small business failure? It’s not always the big, obvious mistakes that trip business owners up. Often, it’s the small oversights—the unchecked habits—that quietly build up and lead to serious...

For business owners in Massachusetts, Q4 can be the make-or-break moment of the year. It’s when the pressure ramps up—tax obligations, cash flow decisions, budgeting for the next fiscal year, and last-minute course corrections all collide in a narrow window. If you're...

If you’re a government contractor based in Dracut, there’s one acronym you can’t afford to ignore: DCAA—the Defense Contract Audit Agency. If your business holds a cost-reimbursable, time-and-material, or flexibly priced federal contract, then DCAA annual reviews are...

As 2025 winds down, most people start prepping for the holidays. But if you’re a Massachusetts business owner, freelancer, or high-earning individual, Q4 is tax season in disguise. From state sales tax filings to estimated corporate payments and last-minute...

There’s a moment when running a business shifts from survival to opportunity—when you’re not just maintaining, but seriously thinking about growth. If you’re a Dracut business owner eyeing expansion—whether it’s a second location, more staff, or a new service...

If you’re a contractor in Dracut, MA working with the federal government, here’s a critical question:Would your books hold up under a DCAA audit today? As the end of the year approaches, now’s the time to get your accounting systems in order. Whether you’re navigating...

Massachusetts nonprofits have always been resilient, adapting to changing economic landscapes and evolving community needs. But heading into 2025, financial sustainability is at the top of nearly 70% of Massachusetts nonprofit leaders' priority lists, according to...

Summer in Dracut often brings a welcome slowdown for many small businesses. But while business might ease up a little, your tax planning should not. According to the IRS, many small businesses overpay their taxes every year simply because they fail to plan...

For businesses working with the federal government, maintaining DCAA compliance is not just a requirement — it is critical for preserving current contracts, securing new opportunities, and avoiding costly penalties. As we move into the second half of the year, now is...