Author: wscpa (page 11)

Massachusetts Millionaire’s Tax

6 Options for Easing the Impact of the Massachusetts Millionaire’s Tax

Written by: Jonathan Hitter, CPA, MST, CGMMA In the November 2022 General Election, Voters approved an amendment to the Massachusetts Constitution, nicknamed the ‘Millionaire’s Tax.’ Starting in 2023, an additional 4% income tax will be placed on any ‘portion of…
Continue reading “6 Options for Easing the Impact of the Massachusetts Millionaire’s Tax”…
Generational Wealth Transfer

Take Control of Your Legacy: Planning for Generational Wealth Transfer

The Silent Generation and Baby Boomers are incredibly fortunate generations—and so might be their heirs. Cerulli’s U.S. High-Net-Worth and Ultra-High-Net-Worth Markets 2021 report predicts these generations will transfer $72.6 trillion in assets to heirs and $11.9 trillion to charities through…
Continue reading “Take Control of Your Legacy: Planning for Generational Wealth Transfer”…
R&D Tax Credit Claims

Do You Know How to Navigate the New IRS Requirements for R&D Tax Credit Claims?

Written by: Jonathan Yorks, CPA While the new research and development tax credit requirements went into effect on January 10, 2022, which require more detailed proof that claims are valid, many businesses seeking the refund may face extra work when…
Continue reading “Do You Know How to Navigate the New IRS Requirements for R&D Tax Credit Claims?”…