Elm Tax & Advisory, LLC

Elm Tax & Advisory, LLC Helping small business owners and families simplify taxes, bookkeeping, and finances—stress-free, year-round. Our goal?

At Elm Tax & Advisory, LLC, we’re more than just number crunchers—we’re your trusted financial partner. Based in Massachusetts and woman-owned, our firm is dedicated to helping small business owners simplify their finances, minimize taxes, and make confident decisions year-round. We specialize in tax preparation, tax planning, bookkeeping, and advisory services tailored to entrepreneurs and growin

g businesses. Whether you're launching your first venture or scaling your operations, we’re here to make the financial side of things less overwhelming and more empowering. With a friendly approach and a deep understanding of the real challenges small businesses face, we break down complex financial concepts so they're clear and easy to understand. To help you understand your numbers, stay compliant, and focus on what you do best—running your business.

𝙃𝙤𝙬 𝙢𝙪𝙘𝙝 𝙨𝙝𝙤𝙪𝙡𝙙 𝙄 𝙥𝙖𝙮 𝙖 𝙨𝙪𝙢𝙢𝙚𝙧 𝙞𝙣𝙩𝙚𝙧𝙣?Start with what’s fair for the work and realistic for your business.A good college...
06/04/2026

𝙃𝙤𝙬 𝙢𝙪𝙘𝙝 𝙨𝙝𝙤𝙪𝙡𝙙 𝙄 𝙥𝙖𝙮 𝙖 𝙨𝙪𝙢𝙢𝙚𝙧 𝙞𝙣𝙩𝙚𝙧𝙣?
Start with what’s fair for the work and realistic for your business.

A good college intern pay rate should account for:
• What similar businesses in your area are paying
• Whether the role requires special skills or education
• How much training and oversight the intern will need
• Whether your budget can support the role well

If you’re bringing on an intern, the arrangement should focus on training, mentorship, and real learning experience, while also giving your business a better way to build future talent.

𝘿𝙤𝙚𝙨 𝙜𝙚𝙩𝙩𝙞𝙣𝙜 𝙢𝙖𝙧𝙧𝙞𝙚𝙙 𝙡𝙤𝙬𝙚𝙧 𝙢𝙮 𝙩𝙖𝙭𝙚𝙨?Getting married changes how the IRS views your finances, but it doesn’t guarantee a ...
06/03/2026

𝘿𝙤𝙚𝙨 𝙜𝙚𝙩𝙩𝙞𝙣𝙜 𝙢𝙖𝙧𝙧𝙞𝙚𝙙 𝙡𝙤𝙬𝙚𝙧 𝙢𝙮 𝙩𝙖𝙭𝙚𝙨?
Getting married changes how the IRS views your finances, but it doesn’t guarantee a lower tax bill.

For some couples, filing jointly can open up planning options. For others, filing separately may be the better option, especially when one spouse has high out-of-pocket medical expenses or other complications to their tax situation.

Getting married can change your...
• Filing status
• Tax bracket
• Credits you qualify for
• Deductions you can take
• Retirement savings options
• Workplace benefit choices

Want to talk through whether filing jointly or separately is the best option for you? Or just see if there are ways to lower your tax bill now that you're married?

Comment MARRIED below to request an appointment to talk this through.

𝘾𝙖𝙣 𝙮𝙤𝙪𝙧 𝙗𝙪𝙨𝙞𝙣𝙚𝙨𝙨 𝙡𝙚𝙜𝙖𝙡𝙡𝙮 𝙤𝙛𝙛𝙚𝙧 𝙖𝙣 𝙪𝙣𝙥𝙖𝙞𝙙 𝙞𝙣𝙩𝙚𝙧𝙣𝙨𝙝𝙞𝙥?Not every internship can be unpaid. The main question is: 𝘞𝘩𝘰 𝘣𝘦𝘯𝘦𝘧...
06/02/2026

𝘾𝙖𝙣 𝙮𝙤𝙪𝙧 𝙗𝙪𝙨𝙞𝙣𝙚𝙨𝙨 𝙡𝙚𝙜𝙖𝙡𝙡𝙮 𝙤𝙛𝙛𝙚𝙧 𝙖𝙣 𝙪𝙣𝙥𝙖𝙞𝙙 𝙞𝙣𝙩𝙚𝙧𝙣𝙨𝙝𝙞𝙥?

Not every internship can be unpaid. The main question is: 𝘞𝘩𝘰 𝘣𝘦𝘯𝘦𝘧𝘪𝘵𝘴 𝘮𝘰𝘴𝘵 𝘧𝘳𝘰𝘮 𝘵𝘩𝘦 𝘢𝘳𝘳𝘢𝘯𝘨𝘦𝘮𝘦𝘯𝘵?

For an internship to be unpaid, the intern’s learning and career development needs to be the primary focus. The work should feel more like training than filling a role your business actually needs done.

A few things to think through:
• Is the training similar to what they’d get in a classroom?
• Are they learning, or mainly covering regular work?
• Are they replacing someone you’d otherwise pay?
• Is there a clear understanding that no job is promised afterward?

𝙃𝙤𝙬 𝙙𝙤 𝙮𝙤𝙪 𝙥𝙧𝙚𝙛𝙚𝙧 𝙩𝙤 𝙧𝙚𝙘𝙚𝙞𝙫𝙚 𝙛𝙚𝙚𝙙𝙗𝙖𝙘𝙠 𝙤𝙧 𝙧𝙚𝙘𝙤𝙜𝙣𝙞𝙩𝙞𝙤𝙣?Some people appreciate a quick note. Others value a private convers...
06/01/2026

𝙃𝙤𝙬 𝙙𝙤 𝙮𝙤𝙪 𝙥𝙧𝙚𝙛𝙚𝙧 𝙩𝙤 𝙧𝙚𝙘𝙚𝙞𝙫𝙚 𝙛𝙚𝙚𝙙𝙗𝙖𝙘𝙠 𝙤𝙧 𝙧𝙚𝙘𝙤𝙜𝙣𝙞𝙩𝙞𝙤𝙣?

Some people appreciate a quick note. Others value a private conversation, a public shoutout, or clear next steps they can act on.

The same goes for recognition.

A simple “thank you” can mean a lot, but it means even more when it’s given in a way the other person actually receives well.

So here’s a good question to ask your team, your clients, or even yourself:

When someone wants to acknowledge your work, what feels most encouraging to you?

𝙒𝙝𝙖𝙩 𝙖𝙧𝙚 𝙤𝙘𝙘𝙪𝙥𝙖𝙣𝙘𝙮 𝙩𝙖𝙭𝙚𝙨?If you rent out your home, apartment, or spare room to guests, income taxes may not be the only...
05/29/2026

𝙒𝙝𝙖𝙩 𝙖𝙧𝙚 𝙤𝙘𝙘𝙪𝙥𝙖𝙣𝙘𝙮 𝙩𝙖𝙭𝙚𝙨?

If you rent out your home, apartment, or spare room to guests, income taxes may not be the only tax issue on the table.

Occupancy taxes are taxes charged on the rental price paid by your guest. They’re sometimes called tourist tax, hotel tax, room tax, or lodging tax.

They’re different from income tax, which is based on your profit.

The confusing part is that occupancy tax rules can change depending on your city or county. And if the tax isn’t collected and sent in correctly, the penalties can be a real problem.

Have a short-term rental or thinking about starting one? Comment “RENTAL” to get help with the tax obligations.

05/28/2026

𝘾𝙤𝙪𝙡𝙙 𝙢𝙮 𝙩𝙖𝙧𝙞𝙛𝙛 𝙧𝙚𝙛𝙪𝙣𝙙 𝙘𝙧𝙚𝙖𝙩𝙚 𝙩𝙖𝙭𝙖𝙗𝙡𝙚 𝙞𝙣𝙘𝙤𝙢𝙚?

If your business deducted tariff payments as an expense in prior years, you may not be able to treat the refund as tax-free money when it comes back.

Most of the refund will likely need to be reported as taxable income in the year you receive it.

There’s another piece to watch too: CBP may include interest with the refund.

For tax reporting, you’ll need to separate:
• The refund principal
• The interest paid on the refund

Don’t just plan for the cash coming in. Plan for how it may show up on your tax return too. DM us if you want help getting that plan in place.

Google's updates to its search bar are really interesting: https://www.techbrew.com/stories/google-it-while-you-still-ca...
05/27/2026

Google's updates to its search bar are really interesting: https://www.techbrew.com/stories/google-it-while-you-still-can

And you might be tempted to ask all kinds of tax questions with the new features. And the thing is, the answer might sound definitive in the results but actually still be wrong for your situation.

Tax questions need details that AI agents don't think to ask for.

Maybe your income changed. Maybe you got an IRS notice. Maybe you’re asking about a deduction, but the real issue is how your business is set up.

Don't rely on quick answers from Gemini when it comes to your IRS obligations.

Ask a professional you can trust (we're right here).

𝘿𝙤 𝙄 𝙝𝙖𝙫𝙚 𝙩𝙤 𝙥𝙖𝙮 𝙩𝙖𝙭𝙚𝙨 𝙞𝙛 𝙄 𝙧𝙚𝙣𝙩 𝙤𝙪𝙩 𝙢𝙮 𝙝𝙤𝙢𝙚 𝙤𝙧 𝙨𝙥𝙖𝙧𝙚 𝙧𝙤𝙤𝙢?If you’re charging people to stay in your house, apartment, o...
05/26/2026

𝘿𝙤 𝙄 𝙝𝙖𝙫𝙚 𝙩𝙤 𝙥𝙖𝙮 𝙩𝙖𝙭𝙚𝙨 𝙞𝙛 𝙄 𝙧𝙚𝙣𝙩 𝙤𝙪𝙩 𝙢𝙮 𝙝𝙤𝙢𝙚 𝙤𝙧 𝙨𝙥𝙖𝙧𝙚 𝙧𝙤𝙤𝙢?

If you’re charging people to stay in your house, apartment, or even just a spare bedroom, that income may need to be reported on your tax return.

In the eyes of the IRS and state taxing authorities, you’re acting as a landlord once guests are paying to stay there.

But the tax treatment depends heavily on your personal use of the space.

Two questions to think about:
1. How many days did guests stay there?
2. How many days did you use the property yourself?

So if you’re renting out part or all of your home, don’t just look at how much money came in.

Your guest days and personal-use days matter too.

05/25/2026

https://www.facebook.com/share/v/17mcyBq82M/

“Our debt to the heroic men and valiant women in the service of our country can never be repaid. They have earned our undying gratitude. America will never forget their sacrifices.”
–Harry S. Truman.

𝗧𝗵𝗲 𝘁𝗿𝘂𝗲 𝗺𝗲𝗮𝗻𝗶𝗻𝗴 𝗼𝗳 𝗠𝗲𝗺𝗼𝗿𝗶𝗮𝗹 𝗗𝗮𝘆 𝗶𝘀 𝘄𝗿𝗶𝘁𝘁𝗲𝗻 𝗶𝗻 𝘀𝗮𝗰𝗿𝗶𝗳𝗶𝗰𝗲.

For those who never came home and for the families who feel that absence every day, we honor you.

Address

Pembroke, MA
02359

Opening Hours

Monday 9am - 4pm
Tuesday 9am - 4pm
Wednesday 9am - 4pm
Thursday 9am - 4pm
Friday 9am - 4pm

Telephone

+17817959536

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