Charles R. Kennedy, CPA, MBA Vice President & Director of Tax Services Gov. Maura Healey on July 28 signed the FY2025 state budget, approving several measures that will impact taxpayers in the commonwealth. The budget, which includes sweeping policy changes,...
Ryan J. McDonell CPA, MSA Tax Manager At the end of 2017, the Tax Cuts and Jobs Act (TCJA) was enacted, providing sweeping changes to the tax code for both individuals and businesses. In order for Congress to get the TCJA to meet the $1.5 trillion budget goal, several...
Charles R. Kennedy, CPA, MBA Vice President & Director of Tax Services As business owners who have filed their 2023 tax returns this spring are aware, the temporary rules governing deductions for business-related meals and entertainment (M/E) during the Covid-19...
Kevin J. Bonnett, CPA Vice President & Director Although the implementation of the significant new lease standard, ASC 842, has been completed by all companies, as adoption was required for all companies with fiscal years beginning after December 15, 2021, this...
On June 4, 2024, we congratulated Tony Smeriglio on his 50-year tenure at GT Reilly. In June 1974, Tony joined GT Reilly as a fresh college graduate and over the next several decades rose to become the firm’s Managing Director and CEO before retiring in 2017. Tony...
