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Doing the research – it’s in your nature.
Read our blog to stay in the know.
Read our blog to stay in the know.
Blog
Doing the research – it’s in your nature. Read our blog to stay in the know.
2023 YEAR-END TAX PLANNING FOR INDIVIDUALS
With rising interest rates, inflation, and continuing market volatility, tax planning is as essential as ever for taxpayers looking to manage cash flow while paying the least amount of taxes possible over time. As we approach year end, now is…
Massachusetts Enacts Corporate and Individual Tax Changes
On October 4, 2023, Massachusetts Gov. Maura Healy signed H. 4104 to enact numerous business and individual tax changes. The more significant changes include adopting single-sales-factor apportionment for all corporate taxpayers, changing the sourcing of financial institution receipts from investment and trading,…
6 Reasons Why Business Owners Should Opt for a Virtual Accounting Team
Written by: Todd Ellis, CPA, MST, CGMA In today’s rapidly changing business landscape, sourcing the right accounting team is a crucial decision faced by business owners, CEOs, and executive teams. Traditional hiring processes can feel like navigating a maze, especially when…
Clarifying the SECURE Act 2.0 Roth Catch-Up Contribution Extension
While, the IRS’ announcement last month provides significant compliance relief for processing catch-up contributions as after-tax “Roth” contributions, the focus now for plan sponsors should be on proper implementation of the guidance. IRS Notice 2023-62 established a two-year administrative extension…
Working with a Virtual Accounting Team: Insights, Expectations, and Debunking Myths
Written by: Todd Ellis, CPA, MST, CGMA Virtual accounting has become a key solution for businesses seeking effective and efficient financial operations. But as its popularity grows, so do misconceptions. If you are considering working with a virtual accounting team for…
Massachusetts Governor Signs $1 Billion Tax Relief Bill
Written by: Jonathan C. Hitter, CPA, MST, CGMA On October 4, 2023, Massachusetts Governor Maura Healey signed into law a historic tax relief package to provide substantial financial relief to the state’s residents. The $1 billion Massachusetts Tax Relief Bill,…
Top Six Private Equity Trends Impacting Tech Companies
The second half of 2022 and the beginning of 2023 presented a thorny challenge for the tech industry as adverse market conditions slowed growth to a crawl, forcing tech companies to revisit their business models. At the same time, deal…
New Accounting for Joint Venture Formations
Summary Joint ventures, as defined in U.S. GAAP and formed after January 1, 2025, must apply a new basis of accounting, as issued by the FASB in Accounting Standards Update (ASU) 2023-05, Business Combinations — Joint Venture Formations (Subtopic 805-60).…
7 Healthcare Private Equity Trends to Know
Healthcare continues to face a challenging economic and regulatory environment. Inflation and interest rates remain elevated, increasing both the cost of care and the cost of capital. At the same time, labor expenses remain elevated compared to pre-pandemic levels, placing…
IRS Clarifies When Cryptocurrency ‘Staking’ Rewards Are Included in Taxable Income
The IRS has published new guidance regarding the treatment of cryptocurrency staking rewards. In Revenue Ruling 2023-14, the IRS has ruled that staking rewards must be included in gross income for the taxable year in which the taxpayer acquires dominion…
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