September 22, 2026 By David R. Natan, CPA, MST, CVA Beginning October 1, 2026, certain SBA-financed business acquisitions with purchase prices of $3 million or more will require an independent Quality of Earnings (QoE) analysis as part of the lender's underwriting process. The requirement is separate from the traditional [...]
July 24, 2026 By Newburg | CPA Staff Massachusetts Sales Tax Holiday is Set for August 8–9, 2026 The Commonwealth has officially announced the dates for this year’s Massachusetts Sales Tax Holiday. The tax-free weekend will take place on Saturday, August 8 and Sunday, August 9, 2026. What Qualifies [...]
April 24, 2026 By Newburg | CPA Staff As 401(k) audits ramp up this spring, it’s a good time for plan sponsors to ask: Is our plan truly audit-ready? At Newburg CPA, we regularly conduct 401(k) audits and have seen firsthand how even well-intentioned companies can fall short on [...]
By Newburg | CPA Staff The One Big Beautiful Bill Act (P.L. 119‑21) introduced “Trump Accounts,” a new tax‑advantaged program to help families save for children under age 18. With initial guidance issued in Notice 2025‑68 and additional regulations expected, employers should understand the key features and compliance requirements [...]
February 19, 2026 By Newburg | CPA Staff As part of the recently enacted One Big Beautiful Bill Act (OBBBA, P.L. 11921), significant federal tax changes are on the horizon for employers, employees, and payroll systems. These updates—effective 2025 through 2028—introduce new deductions for workers who earn tips or overtime, as [...]
Early in your public accounting career, it’s easy to feel pressure to choose the “perfect” firm—Big Four or regional, national brand or local presence. But the truth is simple: Your first five years matter far more than the size of the firm. What shapes your career isn’t the logo [...]
February 16, 2025 By Newburg | CPA Staff The 2025 legislative updates to Qualified Small Business Stock (QSBS) introduced several changes that may enhance planning opportunities for founders, early employees, and investors. The updates broaden eligibility, increase the potential for tax‑favored gains, and provide additional flexibility for individuals preparing [...]
When choosing a public accounting firm, it’s easy to focus on numbers—salary, client portfolio, and career advancement opportunities. While these factors are important, there’s one element that can make or break your experience: firm culture. Culture influences everything, from daily interactions and teamwork to long-term career satisfaction and professional [...]
Working at a mid-sized CPA firm offers a unique professional environment. You often get the variety of work found at larger firms, but with the personalized culture and closer client relationships typically seen at smaller firms. To thrive in this setting, you’ll need a combination of technical expertise, interpersonal [...]
December 11, 2025 By Newburg | CPA Staff This updated brief reflects the latest IRS guidance and legislative changes affecting information returns for tax years 2025 and 2026, including the One Big Beautiful Bill Act (OBBBA). Form 1099-NEC — Non-employee Compensation Form 1099-NEC is used to report payments of [...]
