Armen G. Derderian, CPA

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Armen G. Derderian, CPA Our firm provides great service to our clients because of our dedication to the 3 underlying principles of professionalism, responsiveness and quality.

Cryptocurrency holders: Be alert for a new IRS impersonation scam. Fraudsters are mailing fake IRS letters directing rec...
10/23/2026

Cryptocurrency holders: Be alert for a new IRS impersonation scam. Fraudsters are mailing fake IRS letters directing recipients to a bogus “Digital Asset Compliance Portal.” The letters instruct recipients to scan a QR code that leads to a fraudulent website designed to look like IRS.gov. The site may ask for personal information, cryptocurrency wallet details, or exchange account credentials that criminals can use to steal identities or digital assets. If you receive one of these letters, don’t respond. Report any suspicious communication to the IRS immediately. If you have questions about an IRS notice or digital asset reporting, we’re here to help. Contact us at (978) 794-9200.

As the year winds down, now is the time to make proactive decisions that could help reduce your tax liability and set yo...
10/22/2026

As the year winds down, now is the time to make proactive decisions that could help reduce your tax liability and set your business up for a stronger start next year.

Swipe through two key tax moves to consider before year-end: revisiting estimated tax payments and accelerating deductible expenses.

Ready to review your numbers or map out the most effective strategy for your situation? We're here to help. A quick year-end check-in can make a meaningful difference come filing season. Give us a call anytime.

Simple mistakes can prevent you from reaching retirement goals. The biggest error is not saving enough. If you expect to...
10/21/2026

Simple mistakes can prevent you from reaching retirement goals. The biggest error is not saving enough. If you expect to maintain your current lifestyle in retirement — which could last three decades or more — you’ll need to accumulate a surprisingly large sum. We can help set up a savings plan you’ll stick to. Call us at (978) 794-9200.

A well-defined compensation philosophy can do a lot for your business. It may help attract job candidates, retain employ...
10/20/2026

A well-defined compensation philosophy can do a lot for your business. It may help attract job candidates, retain employees and control payroll costs. Although competitive pay is important, employees consider your full compensation package. This includes bonuses and other performance incentives, benefits and perks, professional development opportunities, and flexible work arrangements. Contact us at (978) 794-9200 for guidance on developing a well-rounded strategy that’s aligned with your business goals, workforce needs and budget.

Bookkeeping is one of the first financial systems every business owner needs to think about. While some business owners ...
10/19/2026

Bookkeeping is one of the first financial systems every business owner needs to think about. While some business owners can manage their own books at first, accurate bookkeeping becomes increasingly important as revenue, expenses, payroll, and tax obligations grow.

Swipe through for a few key considerations before deciding whether to handle bookkeeping yourself.

We hope you find this guide helpful. As always, if you have questions about setting up your books, organizing your records, or keeping your accounting on track, give our office a call. Our team is here to help guide you.

Do you donate thousands of dollars to charity each year? Do you miss out on the itemized charitable deduction because yo...
10/19/2026

Do you donate thousands of dollars to charity each year? Do you miss out on the itemized charitable deduction because you don’t have enough total itemized deductions to exceed your standard deduction? Consider “bunching” most of your donations into alternating years. By combining two years of gifts into one year, you may push your itemized deductions above your standard deduction and get a greater tax benefit from your charitable giving — even with the new deduction for nonitemizers starting in 2026. Contact us at (978) 794-9200 for help determining if you can benefit from this strategy.

Employers: The IRS recently updated its FAQs on the qualified overtime pay tax deduction for employees created in 2025. ...
10/16/2026

Employers: The IRS recently updated its FAQs on the qualified overtime pay tax deduction for employees created in 2025. The guidance provides new details on how you must identify, calculate and report qualified overtime income. For example, it clarifies that only FLSA-mandated overtime premiums qualify, notifies employers that separate reporting on Forms W-2 is required beginning in 2026, and confirms that overtime pay remains subject to federal income tax withholding. These changes may call for payroll system updates and a closer review of employee classifications and overtime practices. Call us for help preparing for the new requirements.

Fall has a way of sneaking up on us. Between the cooler temperatures and the shorter daylight hours, so many things are ...
10/15/2026

Fall has a way of sneaking up on us. Between the cooler temperatures and the shorter daylight hours, so many things are beginning to change this time of year. But one thing that will never change is that I am always here for you.

Whatever questions or needs come up this fall, I am right here. Give me a call anytime. I am always happy to help.

Many businesses allow customers to pay with credit and debit cards, payment apps, and other electronic payment methods. ...
10/14/2026

Many businesses allow customers to pay with credit and debit cards, payment apps, and other electronic payment methods. Payment processors and platforms often deduct their fees before transferring funds, but you generally shouldn’t report the net amount as revenue. Instead, record the full amount of each sale as revenue and post the processing fee as an operating expense. Keeping these amounts separate shows how much you’re spending to accept electronic payments and whether rising processing costs are eating into your profits. Contact us at (978) 794-9200 for help reconciling processor statements with your accounting records and evaluating your payment mix.

Small business owners: As the year wraps up, review your receivables for credit sales that have become wholly or partial...
10/13/2026

Small business owners: As the year wraps up, review your receivables for credit sales that have become wholly or partially worthless. If you use the accrual method of accounting, you may be eligible to deduct amounts that were included in income but later became uncollectible. You may also claim deductions for uncollectible business loans and certain guarantees, as well as for debts attributable to an insolvent partner. To qualify, you must take reasonable steps to collect the debt and show it’s unlikely to be paid. Contact us at (978) 794-9200 to review your potential bad debts for 2026.

Address

18 Haymeadow Road
Methuen, MA
01844

Opening Hours

Monday 7am - 6pm
Tuesday 7am - 6pm
Wednesday 7am - 6pm
Thursday 7am - 6pm
Friday 7am - 6pm

Telephone

(978) 794-9200

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