John T Lally CPA is a business and tax advisor who works closely with small business owners by providing proactive and year-round business and tax advice. As a business owner himself, John knows this comprehensive approach is vital for a business to be financially healthy and for the owners to achieve their goals.
He has worked with many small business owners to help them implement retirement plans, income tax strategies, and business plans that have significantly improved their businesses. John has helped clients reach their financial goals by saving millions for retirement, while deferring millions in income taxes.
John holds a Bachelor of Science in Accounting from the University of Massachusetts-Dartmouth and is a member of the American Institute of Certified Public Accountants (AICPA) and the Massachusetts Society of Certified Public Accountants. His prior work at three regional accounting firms included advanced training in business valuation and performance measurement. Outside the office, John is a husband and father of three happy, healthy, and gainfully employed adult children. In his free time, he enjoys spending time with his family, keeping active with tennis, volleyball, and bicycling, and working on his new garden.
BOSS is the answer to your back office headaches. Our cloud-based solution enables you to hand complex accounting tasks over to us. We work the numbers while providing you 24/7 access to your data—and all at a fixed, affordable monthly fee.
I started working with John T. Lally CPA, PC about two years ago, and right from the start have been impressed with the service and responsiveness...read more
John has helped us to reduce our costs, increase our profits and create a close connection between the everyday operation of our business and our financial reporting...read more
John has become more than my accountant. He has become a business advisor and someone I trust to look out for my best interest...read more
In 2018, Massachusetts signed into law a statute that provides paid family leave and medical leave (PFML) benefits to workers. Employers and covered individuals must begin making contributions on July 1, 2019, with benefits becoming available to employees in 2021.
It’s graduation season, and for many parents that means it’s almost time to start shelling out for college tuition. For those well-prepared parents with established 529 plans in place, the time has come to tap into that money pool. Of course, when it comes to tax-advantaged savings, trust that the IRS is keeping close watch, so it’s important to avoid making any rookie mistakes. It’s also important to keep saving as you move forward.
Having a remote workforce can be challenging, especially if you are trying to build a positive, collaborative work environment. So, how do you create a sense of comradery when you have staff in remote locations? These tips can help: