Daigle Tax Service

Daigle Tax Service If you are looking for a blend of personal service and expertise, you have come to the right place! I

Can business debt become personal? In some cases, yes. If you’re a sole proprietor or a general partner in a partnership...
04/01/2026

Can business debt become personal? In some cases, yes. If you’re a sole proprietor or a general partner in a partnership, you’re personally liable for business debts. Owners of corporations and limited liability companies are generally protected from personal liability, unless they personally guarantee a loan, commit fraud or fail to keep business and personal finances separate. Payroll taxes are different. The IRS can assess the Trust Fund Recovery Penalty to hold owners, officers or other responsible individuals personally liable for unpaid withheld payroll taxes, regardless of the business structure. This applies even if the business declares bankruptcy. Call us at (978) 452-4725 with questions.

Many businesses today outsource one or more of their IT functions to save money. Yet if you don’t manage the risks invol...
03/31/2026

Many businesses today outsource one or more of their IT functions to save money. Yet if you don’t manage the risks involved, you could end up spending more and getting less in return. For example, slow support times or services that don’t match your objectives or employees’ needs can undermine productivity. Contact us at (978) 452-4725 for help evaluating a prospective IT outsourcing arrangement or assessing the ROI of an existing one.

Credits provide powerful tax savings potential because they reduce taxes dollar for dollar. (By contrast, deductions onl...
03/30/2026

Credits provide powerful tax savings potential because they reduce taxes dollar for dollar. (By contrast, deductions only reduce the amount of income subject to tax.) A wide variety of credits are available to businesses. You may be eligible to claim some on your 2025 tax return. And you can take steps this year to increase your eligibility for credits when you file your 2026 return next year. We can help identify the credits you’re entitled to for 2025 and plan your business’s tax strategy for 2026. Call us at (978) 452-4725 to set up an appointment.

Choosing the head of household (HOH) tax filing status may reduce your 2025 tax bill. HOH status offers a higher standar...
03/27/2026

Choosing the head of household (HOH) tax filing status may reduce your 2025 tax bill. HOH status offers a higher standard deduction, and in some cases, more favorable tax brackets than if you were to file as single. To qualify, you must have been unmarried (or considered unmarried) on Dec. 31, 2025; have paid more than half the cost of maintaining your home; and have had a qualifying dependent living with you for more than half the year. If you’re living with the other parent of your child but not married, only one of you can claim HOH status. The rules for HOH status can be complex, especially for divorced or separated parents. We can help you determine if you qualify. Contact us at (978) 452-4725.

Bookkeeping software helps small businesses track income, reconcile accounts and generate reports. But technology can’t ...
03/25/2026

Bookkeeping software helps small businesses track income, reconcile accounts and generate reports. But technology can’t replace professional judgment or real-world experience. An outside bookkeeping or accounting professional adds context and clarity to your company’s financial data. We can help you interpret results, stay compliant with changing tax laws, manage cash flow and make smarter business decisions. Contact us at (978) 452-4725 to turn your financial data into a strategic plan that drives growth.

Business structure affects both taxes and personal liability. The tax factors are particularly complex. A tax-smart tax ...
03/24/2026

Business structure affects both taxes and personal liability. The tax factors are particularly complex. A tax-smart tax move for one business could be costly for another. Before making a change to your existing business structure or choosing one for your new business, contact us at (978) 452-4725. We can help you determine which structure will best support your business and financial goals.

Business owners are widely (and quite rightly) advised to regularly engage in detailed strategic planning. But a common ...
03/23/2026

Business owners are widely (and quite rightly) advised to regularly engage in detailed strategic planning. But a common problem is that the details can pile up quickly, leaving owners feeling overwhelmed and uncertain. The solution: Follow a methodical, step-by-step approach that enables you to chart an adaptable and profitable course into the future. Contact us at (978) 452-4725 for help designing or refining your business’s strategic planning process.

If you’re thinking about starting a business, make sure you understand your federal tax responsibilities before opening ...
03/20/2026

If you’re thinking about starting a business, make sure you understand your federal tax responsibilities before opening your doors. IRS Publication 583, Starting a Business and Keeping Records, covers the basics. Your business structure (such as a sole proprietorship, partnership, limited liability company or corporation) determines which forms you must file and which taxes apply, including income, self-employment, employment and excise taxes. You may also need an Employer Identification Number for tax purposes, and you should be aware of your recordkeeping requirements. Starting a business is exciting, and getting the tax details right is important. We’re here to help. Call us at (978) 452-4725.

We provide trusted guidance for both individuals and businesses. Our services include tax preparation and planning, book...
03/18/2026

We provide trusted guidance for both individuals and businesses. Our services include tax preparation and planning, bookkeeping and accounting, and compliance. For businesses, we also can support payroll, enhance cash-flow management and provide strategic growth planning. For individuals, we can advise on personal finance, retirement planning and estate planning. With our assistance, you can gain clarity, accuracy and confidence in every financial decision. Contact us at (978) 452-4725 to learn more.

Creating a well-thought-out estate plan can significantly reduce current and future tax liability. Incorporating strateg...
03/17/2026

Creating a well-thought-out estate plan can significantly reduce current and future tax liability. Incorporating strategies such as gifting assets during your lifetime, placing appreciating assets in trusts and ensuring proper beneficiary designations can help minimize taxes for you and your family. Contact us at (978) 452-4725. We can review your plan to ensure you’re using the most tax-efficient tools to protect your wealth and pass it on according to your wishes.

Have you considered an employee stock ownership plan (ESOP) for your business? An ESOP is a form of qualified retirement...
03/16/2026

Have you considered an employee stock ownership plan (ESOP) for your business? An ESOP is a form of qualified retirement plan. More specifically, it’s a profit-sharing plan that allows employees to own shares of their employer’s company and cash in those shares when they retire or otherwise leave their jobs. Many small to midsize businesses have implemented ESOPs because of their exciting advantages. But ESOPs do present some hurdles to clear. Please contact us at (978) 452-4725 to learn more about whether an ESOP might be right for you.

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313 Willard Street
Dracut, MA
01826

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