Charles R. Kennedy, CPA, MBA Vice President & Director of Tax Services Complex rules govern excess business loss deductions, so claiming this deduction may not be as simple as it sounds. But that depends a lot on your income, filing status and other circumstances....
Charles R. Kennedy, CPA, MBA Vice President & Director of Tax Services Gifting assets is a common strategy employed by high-net worth individuals to transfer wealth, reduce taxable estates and provide financial support to loved ones. The process of gifting has...
Ryan J. McDonell, CPA, MSA, MSLT Tax Manager From November 1 to December 30, 2024, Massachusetts will waive penalties for certain taxpayers with outstanding taxes due by December 31, 2024, under the temporary Tax Amnesty program. Eligible taxpayers include...
Ryan J. McDonell, CPA, MSA, MSLT Tax Manager Massachusetts has joined a growing group of states that have enacted so-called “pay transparency” laws, and effective February 1, 2025, the first phase of Massachusetts’ “Act Relative to Salary Range Transparency” will...
James J. DeLuca, CPA, MST Senior Tax Manager As 2024 draws to a close, it’s crucial for business owners and high net worth individuals to assess their financial situations and make strategic decisions to optimize their tax liabilities. The tax landscape can be complex...
Charles R. Kennedy, CPA, MBA Vice President & Director of Tax Services The year end is a time for business owners to review many aspects of their business to ensure that their tax position, operational plans, financial management and workforce status are on track...
