Contributor: Kate Rooney

Tax Alert- IRA charitable donations: An alternative to taxable required distributions

Are you a charitably minded individual who is also taking distributions from a traditional IRA? You may want to consider the tax advantages of making a cash donation to an IRS-approved charity out of your

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Posted In: Alerts & Advisories

Tax Alert- Caring for an elderly relative? You may be eligible for tax breaks

Taking care of an elderly parent or grandparent may provide more than just personal satisfaction. You could also be eligible for tax breaks. Here’s a rundown of some of them. 1. Medical expenses. If the

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Posted In: Alerts & Advisories

Tax Alert- Valuable gifts to charity may require an appraisal

If you donate valuable items to charity, you may be required to get an appraisal. The IRS requires donors and charitable organizations to supply certain information to prove their right to deduct charitable contributions. If

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Posted In: Alerts & Advisories

Tax Alert- The tax mechanics involved in the sale of trade or business property

What are the tax consequences of selling property used in your trade or business? There are many rules that can potentially apply to the sale of business property. Thus, to simplify discussion, let’s assume that

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Posted In: Alerts & Advisories

Tax Alert- The tax rules of renting out a vacation property

Summer is just around the corner. If you’re fortunate enough to own a vacation home, you may wonder about the tax consequences of renting it out for part of the year. The tax treatment depends

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Posted In: Alerts & Advisories

2022 Largest Accounting Firms Announced

We are, once again, proud to announce that we have been named as a top firm in Massachusetts by the Boston Business Journal. Published on February 10, 2022, we are ranked as the 16th largest

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Posted In: Awards

Tax Alert- The election to apply the research tax credit against payroll taxes

The credit for increasing research activities, often referred to as the research and development (R&D) credit, is a valuable tax break available to eligible businesses. Claiming the credit involves complex calculations, which we can take

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Posted In: Alerts & Advisories

Tax Alert- Are you ready for the 2021 gift tax return deadline?

If you made large gifts to your children, grandchildren or other heirs last year, it’s important to determine whether you’re required to file a 2021 gift tax return. And in some cases, even if it’s

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Posted In: Alerts & Advisories

IRS Transitions Away from Facial Recognition Verification

On February 7, 2022, the IRS announced that they would be transitioning away from the use of a third-party verification that would use facial recognition. The decision was made to prevent delays in tax filing

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Posted In: Alerts & Advisories

Emerging Tax Alert- 2022 tax calendar

To help you make sure you don’t miss any important 2022 deadlines, we’ve provided this summary of when various tax-related forms, payments and other actions are due. Please review the calendar and let us know

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Posted In: Alerts & Advisories