GT Reilly CPA, Author at GT Reilly & Company

New Covid-19 ‘Stimulus’ Law Expands Tax Incentives for Businesses

Jan 25, 2021

The recently enacted Consolidated Appropriations Act provides Covid-19 relief to businesses in the form of tax deductions and credits.

Kevin J. Bonnett CPA promoted to Accounting & Auditing Director

Jan 4, 2021

MILTON, MA – GT Reilly & Company has announced that Kevin J. Bonnett, CPA, has been promoted to Accounting & Auditing Director. Bonnett provides audit, tax and consulting services to privately held businesses, including manufacturers and distributors, as well...

CARES Act expands tax deductions for charitable giving in 2020

Dec 21, 2020

Charles R. Kennedy, CPA, MBA Vice President & Director of Tax Services As 2020 draws to a close, taxpayers who made charitable contributions this year – or who plan to before the clock strikes midnight on December 31 – may benefit from three provisions of the...

Qualifiying for the medical expense tax deduction requires planning and timing

Dec 21, 2020

Carol A. Magyar, CPA, MST Tax Director Many medical expenses are deductible on your federal tax return, but the rules governing this type of deduction make it difficult for some taxpayers to qualify. However, proper planning and timing of discretionary expenses may...

Restored bonus depreciation in CARES Act may benefit business owners who have improved property

Dec 20, 2020

James J. DeLuca, CPA, MST Senior Tax Manager As companies face continued reductions in business heading into 2021 due to Covid-19, many are hurting and looking for every opportunity to recoup losses. A bonus depreciation provision in the Coronavirus Aid Relief and...

« Older Entries

Next Entries »

New Covid-19 ‘Stimulus’ Law Expands Tax Incentives for Businesses

Kevin J. Bonnett CPA promoted to Accounting & Auditing Director

CARES Act expands tax deductions for charitable giving in 2020

Qualifiying for the medical expense tax deduction requires planning and timing

Restored bonus depreciation in CARES Act may benefit business owners who have improved property

Recent Posts

Categories