September 2007
Welcome to Dana Management Group , Dania Donuts Inc and Hialeah Bakery, Inc . These groups operate a seventeen store Dunkin Donuts network located in the Miami area of Florida as well as two CPL's..
This month marks eight years Elizabeth A. has been with the firm. Thank you for the years of hard work.
Welcome to Kenia G. who has joined our firm and will be assisting the the preparation of weekly payrolls and processing accounts payable for our franchisee clients.
August 2007
We are pleased to recognize Sarah Carr who has completed two years of service with the firm
Welcome to Aurelia who has joined our firm to assist in many phases of data entry as well as general office duties.
June 2007
Welcome to our new client, the TLG Group of Massachusetts and Delaware. They are a multi unit Dunkin Donuts Franchisee.
May 2007
The firm is beginning its seventeenth year of providing services to the franchisee community.
April 2007
James P. Ventriglia addressed the DDIFO and gave the trasurers report at the meeting. Jim was stepping in for Robert Zweiner, the treasurer.
March 2007
March marks twelve years Mariana has been with the firm. We thank her for her years of hard work .
November 2006
Congratulations to DDIFO and their new web site at ddifo.org We are pleased that another client of the firm , Wickford Web Works, was able to assist DDIFO on their new site. Nice job Margaret !!!
Congratulations to Joe D ( client for 15+ years) and Fatima ( client for 1 year) on their wedding. Wishes for many years of happiness.
September 2006
Congratulations to Al Capraro on his retirement. As a professional in the Dunkin Donuts Community I can appreciate his years of service as President of DDIFO. Mark Dubinsky , a former multi unit franchisee, has been appointed President effective September 1st.
This month marks seven years Elizabeth Am aral has been with the irm. Thank you for the years of hard work.
August 2006
We are pleased to announce we assisted a client in obtaining approximately $ 2.5 million in financing to acquire real estate as well as consolidate debt.
This month marks one year Sara Carr has been with the firm.
May 2006
The firm is pleased to begin its sixteenth year of client service. A special Thank you to all clients and friends that have supported us over the years.
Congratulations to Sumner Steinberg upon his retirement. Sumner had been a Dunkin Donuts franchisee for in excess of 40 years.
March 2006
March 25th marks 11 years Mariana Ambrosio has been with the firm. She has been a tremendous asset to the firm.
January 2006
Welcome to Mountain View Donuts Inc a new client of the firm that operates several Dunkin' Donut franchises in New Hampshire.
Welcome also to tax clients Silviera Masonry and Better Homes Mortgage
December 2005
Reminder to all clients to prepay their state liability for 2005 so we
can deduct the payment in 2005.
August 2005
We are pleased to add the Vermont CPL to our client list. The Group of franchise owners will be constructing a kitchen to service 35 Dunkin Donut retail outlets.
We are pleased to announce that Sarah Carr has joined the firm to assist in the Franchise work as well as administratively.
James P. Ventriglia has been appointed treasurer of the Cranston Chamber of Commerce effective October 1,2005.
The firm was pleased to host a seminar on repurchasing Rhode Island Tax credits from developers. All those in attendance enjoyed the meeting as well as learned how to save up to 15% of their Rhode Island tax liability through the use of these credits.
July 2005
Our client, the Ocean State CPL has officially opened and is serving an initial round of 44 Dunkin Donut locations. Over the next few months they will be adding locations until they service the entire 126 locations participating.
Welcome to F&C Donuts Inc, a new client of the firm.
May 2005
The firm has successfully completed its Peer Review and received the best report possible with NO suggestions for improvement. FYI a Peer Review is when another CPA selects several engagements and reviews the related financial statements for to insure they comply with current accounting and disclosure requirements. They also review selected work papers to make sure an appropriate amount of work was done on the engagement.We are proud of this achievement.
We are pleased to announce that an 11 unit Dunkin Donuts operator has become a client of the firm. We will strive to exceed their expectations.
April 2005
We are pleased to announce that on April 28th we will be having a representative of Radiant Systems here to give a demonstration of their new register product. Please email us at jimv@jpvcpa.com if you would like to attend this seminar.
The firm was pleased to be selected to oversee the enrollment of the new members to the Ocean State CPL In a two day period we had over 40 Dunkin Donuts join the CPL.
Welcome to the DDIFO ( Dunkin' Donuts Independent Franchise Owners Organization) who has become a client of the firm.
March 2005
We are beginning to plan for our next franchisee seminar in the late May or early June timeframe. In the event that you have any topics you would like to have addressed feel free to send your e-mail to me ( jimv@jpvcpa.com) and we will do our best to arrange the appropriate speakers.
Due Date for Corporate Income tax returns is March 15th Be aware that the State of Rhode Island has changed the way that they treat the taxation of out of state owners of LLC's , Partnerships and S-Corporations. Beginning with the 2004 Returns the entities are required to make the tax payments on behalf of their out of state partners/ shareholder/ member. This computation must be made on an entity by entity basis and there are currently no provisions allowing the netting of entities with a loss against those with a profit.
March 25th marks 10 years Mariana Ambrosia has been with the firm. She has been a tremendous asset to the firm.
Welcome to the firm to new clients Attorney Stephen Germani, Mardovar Networking and Dr. Launer. We will strive to exceed your expectations.
February 2005
We would like to thank the group from Infotrove ( a Massachusetts business technology company) for speaking at our first Franchisee Information Seminar .
We look forward to presenting additional topics that are of interest to the franchisees at large.
January 1, 2005
We would like to welcome the following NEW clients to the firm :
- Mystic Foods , a multi unit franchisee
- The Tetreault Group - a multi unit Dunkin Donuts Operator
- The Ocean State CPL - A central production facility of Dunkin Donuts designed to service 150 units located in the state of Rhode Island. The Center is expected to Open in May of 2005
December 2004
Special thanks to the group at ADJ Donuts Inc. for assembling
a special "Dunkin' Donuts Care package" for Cpt. Stephen Fabiano when he took command of the Delta Company 701st Main Support Battalion in Iraq. All 225 soldiers enjoyed that great Dunkin coffee. Hopefully they all will be home soon to enjoy the Dunkin Donuts coffee on a regular basis...We at JPV CPA were happy to assist in this project...THANK YOU ADJ !!!!
November 2004
We are pleased to announce that growth has caused us to acquire the entire second floor of our building, in effect doubling our office space . We are in the process of adding new personnel to meet this growth.
October 2004
In October two pieces of tax legislation were passed by Congress and signed by the President. They were the Working Families Tax Relief Act of 2004 and the American Jobs Creation Act of 2004. Summaries of the major items of each bill follows. This is not intended to be a full explanation of the bills. We encourage you to call your tax advisor with any questions on how these bills effect you.
Working Families Tax Relief Act of 2004
- Relief to Individual Alternative Minimum Tax
- Child Tax Credit of $ 1,000 retained
- Teaches expense deduction for out of pocket expenses retained
American Jobs Creation Act of 2004
- S Corporation rules eased- Increases numbers of shareholders to 100, certain family members treated as one shareholder
- Charitable deductions tightened up for contributions of a car, boat or airplane made after December 31,2004. After that date you may no longer use the "Blue Book" to determine the value of the gift. The charity must prepare and the taxpayer must attach to their return a statement identifying the vehicle and the amount for which it was sold.
- Sales tax deduction available instead of deducting state income taxes
- Expensing of SUV's with a gross vehicle weight of less than 6,000 pounds reduced to $ 25,000 for acquisitions made after October 22,2004.
- 15 year depreciation created for qualified leasehold improvements of a qualified restaurant property
- Certain Start Up expenses incurred after October 22,2004 can be immediately written off, up to $ 5,000 instead of expensing over a five year period.
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