Terasa M. Marshall, CPA

Terasa M. Marshall, CPA Providing quality tax services: consulting, preparation, research and planning for individuals and business entities.

Spooky season is here! Whether you’re trick-or-treating with little goblins, hosting a movie night, or handing out candy...
10/31/2025

Spooky season is here! Whether you’re trick-or-treating with little goblins, hosting a movie night, or handing out candy to your neighborhood crew, hoping your Halloween is filled with fun — and just the right amount of fright.

Wishing you a safe and happy Halloween!

Don’t forget to fall back this weekend!Daylight Saving Time ends this Sunday, November 2nd, so be sure to turn any non-s...
10/30/2025

Don’t forget to fall back this weekend!

Daylight Saving Time ends this Sunday, November 2nd, so be sure to turn any non-self-setting clocks back one hour before bed on Saturday night.

While you're at it, it’s a smart time to check off a few other seasonal to-dos:

✅ Replace the batteries in your smoke detectors.
✅ Adjust your thermostat for cooler evenings.
✅ Double-check your security lights or timers.

A few simple steps now can help keep your home safe and comfortable as we head into the holiday season.

An IRS audit is already a frightful experience, but if your financial records are a tangled web of unreconciled transact...
10/27/2025

An IRS audit is already a frightful experience, but if your financial records are a tangled web of unreconciled transactions and missing documentation — well, things can get spooky! 👻

Don’t let disorganized finances come back to haunt you. Keeping clean, accurate records year-round is your best defense against audit nightmares and the key to peace of mind during tax season.

Need support with your bookkeeping? Give us a call; we're here to help.

Whether you're running a side hustle or managing a full-time operation, tax season can sneak up fast. And when it does, ...
10/23/2025

Whether you're running a side hustle or managing a full-time operation, tax season can sneak up fast. And when it does, being prepared can save you time, stress, and money. Swipe through to learn more.

If you have any questions or require any guidance on preparing for your taxes, don’t hesitate to give us a call. We’re here to help.

Charitable giving is a meaningful way to support the causes you care about. As the December 31st tax deadline for charit...
10/20/2025

Charitable giving is a meaningful way to support the causes you care about. As the December 31st tax deadline for charitable giving approaches, it’s also an opportunity to make sure your generosity is aligned with your financial goals. Swipe through for steps to help you give intentionally — and potentially gain tax benefits along the way.

Contact me if you have questions or looking to fine-tune your charitable giving plan?

📣Important tax reminder📣If you filed for a tax extension earlier this year, your new deadline to submit your return is O...
10/03/2025

📣Important tax reminder📣

If you filed for a tax extension earlier this year, your new deadline to submit your return is October 15th, and it will be here before you know it.

Here are a few things to keep in mind:

🟢You may owe interest and penalties if you have taxes due since April. The extension gave you more time to file, not more time to pay. If you have owed taxes since April, the IRS has likely been charging interest since then. Paying your taxes as soon as possible helps minimize those extra costs.
🟢Don’t assume the IRS will contact you. Be proactive and file before the deadline. If you miss the October deadline, expect a penalty. The IRS may eventually reach out, but you might rack up some hefty penalties and interest by then.
🟢Amended returns take longer. If you file now and realize later that something was missing or incorrect, you can still file an amended return. However, amended returns can take months to process. Try to get it right the first time to avoid delays.

If you have questions about your return, or anything tax related, please don’t hesitate to give us a call. We’re here to help.

This Yom Kippur, we’re sending our warmest wishes for a peaceful and meaningful Day of Atonement.Whether you observe thr...
10/01/2025

This Yom Kippur, we’re sending our warmest wishes for a peaceful and meaningful Day of Atonement.

Whether you observe through fasting, prayer, or quiet reflection, may this sacred time bring you renewal, clarity, and a deep sense of connection.

Wishing you an easy fast and a year ahead filled with peace and purpose.

Not sure if the right amount is being withheld from your paycheck? A quick check now can save you from surprises at tax ...
09/25/2025

Not sure if the right amount is being withheld from your paycheck? A quick check now can save you from surprises at tax time. Swipe through for an overview of what to know and when to take action.

Have questions or want to review your withholding? Contact us today. We’re here to help you stay one step ahead.

Fall evenings are the perfect time to slow down and enjoy life's simple pleasures. Whether you love the crisp air and th...
09/22/2025

Fall evenings are the perfect time to slow down and enjoy life's simple pleasures. Whether you love the crisp air and the warm glow of a bonfire or prefer snuggling indoors with popcorn and your favorite films, everyone has a cozy preference.

Which one are you most looking forward to?

🔥Bonfires - Crackling flames, toasted marshmallows, and stories under the stars.

🎬Movie Nights - Comfy blankets, popcorn, and your favorite film.

Whichever you prefer, Happy Fall to you!

Football season is officially here — and whether your team is dominating the field or just keeping things interesting, w...
09/21/2025

Football season is officially here — and whether your team is dominating the field or just keeping things interesting, we hope you're enjoying every moment of it. 🏈

While some audits are random, most are triggered by patterns and mistakes that the IRS is trained to spot, especially re...
09/19/2025

While some audits are random, most are triggered by patterns and mistakes that the IRS is trained to spot, especially regarding your bookkeeping. Avoiding an IRS audit starts with smart, consistent bookkeeping practices. Swipe through for five common mistakes that often trigger red flags with the IRS, and what you can do to avoid them.

Need support keeping your books organized and IRS-compliant? We’re here to help your business stay in the clear.

September is National Disaster Preparedness Month, a timely reminder that while we can’t always control what happens, we...
09/15/2025

September is National Disaster Preparedness Month, a timely reminder that while we can’t always control what happens, we can control how prepared we are.

The statistics are sobering: 40% of small businesses never reopen after a disaster, and up to 90% fail within two years of a major disruption. Whether it’s a natural disaster, cyberattack, or extended power outage, the financial impact can be swift and severe without a plan in place.

Here are a few proactive steps to safeguard your business:

✅Review your insurance coverage, including business interruption and property damage
✅Maintain an emergency fund with three to six months of operating expenses
✅Store key financial documents securely and accessibly (think cloud-based!)
✅Establish a continuity plan to keep essential operations running

A well-thought-out financial contingency plan can mean the difference between recovery and closure. If you need help reviewing your current plan or identifying any gaps, we’re here to support you.

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100 Cummings Center, Suite 207-P
Beverly, MA
01915

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