Business Tax Deduction Limit Increased for Corporate Cash Contributions for Disaster Relief; IRS Provides Recordkeeping Relief AAFCPAs would like to make clients aware that the IRS recently announced how corporations may qualify for the new 100% limit for disaster relief contributions... February 10, 2021
Richard Weiner Relaxed Limit on Business Interest Deductions AAFCPAs would like to remind clients that the Coronavirus Aid, Relief, and Economic Security (CARES) Act temporarily relaxes the limitation on deductions for business interest... February 8, 2021
Matt McGinnis Extensions for LIHTC Program AAFCPAs would like to make clients aware on January 15, 2021, the IRS issued Notice 2021-12, which further extends the temporary relief from certain requirements... January 18, 2021
Uncategorized How Will New COVID-19 Legislation Affect Your Taxes? The Consolidated Appropriations Act, signed into law on Dec. 27, provides relief in response to the COVID-19 pandemic, including another round of “recovery rebate” payments... January 18, 2021
Stephen Lanza R&D Tax Credit Underutilized by Construction Contractors AAFCPAs would like to make construction clients aware of potential tax savings that are available to contractors through the use of Research & Development (R&D)... January 14, 2021
Growth Story AAFCPAs Welcomes Ciprian Barna, CPA, MST as Partner in Business Tax Practice Boston, MA (January 13, 2021) – AAFCPAs, a best-in-class CPA and consulting firm known for tax, assurance, accounting, wealth management, valuation, business process, and IT... January 13, 2021
Uncategorized Tax Provisions and Extenders in the Consolidated Appropriations Act of 2021 AAFCPAs would like to make clients aware, on December 21, 2020, Congress passed the Consolidated Appropriations Act, 2021 (The Act), a $2.3 trillion spending bill. ... January 5, 2021
David McManus When 15-Year Depreciation for QIP Might Be Better Than 100% Bonus Depreciation Earlier this year, Congress finally passed legislation that corrects a drafting error related to real estate qualified improvement property (QIP). The correction is part of... December 23, 2020
David McManus Rolling Over Capital Gains Into a Qualified Opportunity Fund For clients who are planning to sell a business interest, real estate, or other highly appreciated property, AAFCPAs would like to make you aware of... December 23, 2020