2024 Massachusetts Sales Tax Holiday is Just Around the Corner!
The Massachusetts Department of Revenue announced recently that the 2024 Sales Tax Holiday will be held on August 10th and 11th. If you are thinking about making a purchase on…
Newly Proposed Reporting Requirements for the R&D Credit
The R&D Credit has long been a big boost for companies involved across several STEM fields such as engineering, biology, computer science, and many others. Companies who incur Qualified Research…
Looking Ahead: Sunset Provisions of the Tax Cuts and Jobs Act of 2017
As the Tax Cuts and Jobs Act (TCJA) is set to expire in 2025, Congress is considering extending certain provisions and/or potentially introducing new changes for the 2026 tax year.…
Automobile Recordkeeping Tax Rules Revisited
Every once in a while, it pays (in tax savings and avoidance of IRS audit headaches) to go over the basics of claiming automobile business usage and the records required…
Procrastination and Taxes – They Don’t Mix
The dictionary defines procrastination as “the action of delaying or postponing something...”. And yet, we all know that taxes, at some point, cannot be delayed beyond the tax filing deadlines.…
Be Wary of a Few Technical Traps that can Turn Your QSBS Company into a Nonqualified Company
Your business is doing well, acquisition discussions are starting with potential buyers and you have met what you think qualifies your Company for QSBS treatment (also referred to as 1202…
State Annual Report Deadlines are Approaching
State Annual report deadlines are almost here – and it’s your responsibility to file them on time! All corporations doing business in Delaware must file an Annual Report. For corporations…
Wooden blocks with the words TAX RELIEF. Blurred background
Tax Relief for American Families and Workers Act of 2024
On January 19, 2024, the bill Tax Relief for American Families and Workers Act of 2024 was passed by the House Ways and Means Committee. The bill includes provisions for…
Submitting the Perfect Tax Package
As the tax season approaches, we would like to express our gratitude for the opportunity to assist you with your tax preparation. To ensure a smooth and efficient process, we…
Increased Standard Mileage and FSA Rates for 2024
The I.R.S. has just announced that for 2024, a rate of $ 0.67/mile may be used to compensate employees for business travel in their personal vehicles. To qualify to use…