Business Tax Tax planning is an ongoing discipline – waiting for year-end means missing out on real opportunities Personal and business circumstances are always evolving, presenting opportunities to balance or adjust short-term activities that support a long-term strategy As we head into November,... October 30, 2015
Individual, Family & Fiduciary Tax IRS Announces 2016 Retirement Plan Limitations The IRS recently announced cost‑of‑living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2016. In general, the pension plan... October 29, 2015
Individual, Family & Fiduciary Tax AAFCPAs to Present CITC Information Session for the benefit of taxpayers and CDCs AAFCPAs Partner Matt Hutt, CPA, CGMA, and AAFCPAs Manager Matt Troiano, CPA, in collaboration with AAFCPAs’ client Somerville Community Corporation, will present a Community Investment... October 15, 2015
Individual, Family & Fiduciary Tax Massachusetts Sales Tax Holiday Authorized for August 15-16, 2015 The Massachusetts legislature and Governor Charlie Baker have again authorized a Sales Tax Holiday for the weekend of August 15-16, 2015 for items costing less... August 7, 2015
Individual, Family & Fiduciary Tax FBAR Filing Due June 30th AAFCPAs would like to remind all taxpayers with an FBAR filing requirement to report their foreign assets by the June 30 deadline. Time is of... June 12, 2015
Business Tax Community Investment Tax Credits: Donors Investing Over $1K in CDCs Realize Significant Tax Benefits The Community Investment Tax Credit (CITC) was established as a way to incentivize Commonwealth residents to invest in community development corporations (CDCs). The CITC program... April 27, 2015
Individual, Family & Fiduciary Tax 2014 Year-End Tax Planning Guide for Individuals and Businesses AAF is pleased to provide you with detailed tax planning guides that we know you will find helpful in navigating the numerous tax updates taking... December 26, 2014
Business Tax Congress Passes Tax Extender Legislation Update 12/22/14: Since this post was first published, President Obama has signed the items discussed below into law. Congress has passed, and sent to President... December 22, 2014
Business Tax Significant changes announced to IRA rollover rules The IRS announced changes to the rollover rules relating to Individual Retirement Accounts (IRAs) as a result of a recent Tax Court case (Bobrow v.... November 18, 2014