Category: Technology

Massachusetts Millionaire's Tax

Navigating the Massachusetts Millionaire’s Tax: Implications for High-Net-Worth Individuals with Multi-State Real Estate

Written by: Jonathan C. Hitter, CPA, MST, CGMA and Angela Parziale, CPA, MST The Massachusetts Millionaire’s Tax, a significant fiscal policy aimed at taxing the state’s wealthiest individuals, has become a pivotal factor for high-net-worth individuals (HNWIs) considering their residency…
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Build Back Better May Be Stuck, but How Could It Impact Business Owners?

Build Back Better is one of two pieces of legislation that form the centerpiece of President Biden’s domestic agenda. The first piece — the Infrastructure Investment and Jobs Act — was signed into law in November 2021. Build Back Better (BBB) focuses…
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Understanding How the R&D Tax Credit Can Offset Payroll Taxes

Start-ups and small businesses customarily incur expenditures that may qualify for Research & Development (R&D) tax credits, but generally, these businesses don’t have the taxable profit needed to take advantage of the credit. Qualifying small businesses can apply all or…
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New Lease Accounting Standards Could Affect Your Financial Statements

Author: Jonathan Hitter Rent your office? Leasing your copier or network services? If so, you’ve signed a lease agreement with a lessor and your financial statements will be affected by the new lease accounting standards approved by the Financial Accounting Standards…
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New Revenue Recognition – 5 Steps You’ll Need to Know

Author: Jonathan Hitter, Shareholder The Financial Accounting Standards Board recently issued new revenue recognition guidance effective December 15, 2017, for public companies and December 15, 2018, for private companies. The new standard will affect all entities that enter into contracts to…
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Understanding How the R&D Tax Credit Can Offset Payroll Taxes

Author: William Cooper, Shareholder Start-ups and small businesses customarily incur expenditures that may qualify for Research & Development (R&D) tax credits, but generally, these businesses don’t have the taxable profit needed to take advantage of the credit. The IRS issued guidance…
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