by Jim Keefe | Nov 10, 2022 | Tax
A constitutional amendment to add a 4% surtax for Massachusetts taxpayers with over $1,000,000 of taxable income was passed with a 52% vote this past Tuesday and is expected to go into effect for the 2023 tax year. The current 5% tax rate will still apply to the first...
by Jim Keefe | Aug 16, 2022 | Tax
On Friday the House of Representatives passed H.R. 5376 commonly referred to as the Inflation Reduction Act (IRA). The Act’s key drivers are to control runaway inflation by way of reducing prescription drug prices for the average American, reducing energy costs and...
by Jim Keefe | Aug 9, 2022 | Tax
Beginning in 2022, amendments made by the Tax Cuts and Jobs Act require taxpayers to amortize research and experimentation expenditures over five years or 15 years, for research and development performed outside the U.S. Attempts were made to delay the adoption of...
by Jim Keefe | Jun 21, 2022 | Tax
Employee vs Independent Contractor Misclassification Companies sometimes look to hire independent contractors instead of employees for a number of different reasons. A company may choose to classify a worker as an independent contractor for legitimate business...
by Chris | Dec 22, 2020 | Tax
Congress passed the bipartisan COVID-19 Emergency Relief Act on December 21, 2020 and sent it to President Trump’s desk for signature. While the bill provides relief to a variety of areas in the economy, below is a summary of points that we have been asked about...
by Chris | Oct 7, 2020 | Tax
After the Wayfair ruling in 2018 many businesses took a deeper look at their exposure on a state by state basis, and now that work has shifted almost exclusively to a remote work environment those conclusions need to be reevaluated. South Dakota v. Wayfair defined...
