By Rachael L. Dooley, CPA, MSA Tax Manager Passed on July 4, 2025, Public Law 119-21 (“One Big Beautiful Bill Act” or OBBBA) made a vast number of changes to the tax landscape as we knew it. Many of these changes affect the deductibility of charitable contributions...
By Ryan McDonell, CPA, MSA, MSLT, Tax Director Massachusetts enacted H.5470, the 2026 Supplemental Budget, on June 12, 2026. While the law covers a wide range of items, several provisions affect conformity of federal and Massachusetts state tax law. This article...
By Ryan J. McDonell, CPA, MSA, MSLT Tax Director Massachusetts voters were poised to consider a proposal to reduce a state personal income tax rate from 5% down to 4%. The measure was collecting additional signatures to place the question on the November 2026 ballot...
By Kevin J. Bonnett, CPA, Vice President & Director As many importers begin receiving refunds of tariffs imposed under the International Emergency Economic Powers Act (IEEPA), an important—and often overlooked—question arises: how should these refunds be treated...
By Derek P. McDonough, EA, MST Tax Manager Large stock market gains in recent years, coupled with some significant volatility in 2026, have left many investors with portfolios that are out of balance with their desired asset allocation. If you haven’t rebalanced...
By Ryan J. McDonell, CPA, MSA, MSLT, Tax Director Among new tax strategies for businesses, there is a tax provision to immediately and fully expense the cost of certain new manufacturing and production facilities. This incentive, known as the special depreciation...
