by Jim Keefe | Jul 10, 2025 | Uncategorized
On July 4, 2025, President Trump signed into law legislation that has been dubbed, “One Big Beautiful Bill (OBBBA)”. The bill extends a number of provisions from the Tax Cuts and Jobs Act of 2017 and attempts to fulfill many of his campaign promises. The following is...
by Jim Keefe | Jan 22, 2025 | Uncategorized
The IRS recently issued Revenue Ruling 2025-4 to provide guidance on the federal income and employment tax treatment of contributions and benefits paid under state-mandated Paid Family and Medical Leave (PFML) programs, as well as the related reporting requirements....
by Jim Keefe | Jan 11, 2025 | Uncategorized
The Massachusetts Department of Revenue (DOR) has amended 830 CMR 62.5A.1(6) to clarify that, for taxable years beginning on or after January 1, 2025, pass-through entities must apportion their taxable net income using the single sales factor apportionment rules under...
by Jim Keefe | Dec 28, 2024 | Uncategorized
On November 14th, 2024, the Internal Revenue Service (IRS) issued IR-2024-289 which increased the maximum tax-free charitable donations that can be made through a qualified charitable distribution (QCD). In years prior to 2024, the IRS limit for tax-free QCD’s was...
