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 [...]
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 [...]
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 [...]
November 25, 2025 By David R. Natan, CPA, MST, CVA The Research and Development (R&D) tax credit remains a vital component of U.S. tax policy, designed to promote innovation and technological advancement. This dollar-for-dollar federal tax credit, often supplemented by state benefits, supports companies engaging in qualified research activities. Businesses [...]
November 20, 2025 Starting January 1, 2026, the Massachusetts Department of Family and Medical Leave (DFML) will implement new rules impacting tax treatment of PFML benefits and employer responsibilities. Key Changes: Medical Leave Benefits paid under the state-administered PFML program are now considered taxable wages for federal purposes as [...]
By David R. Natan, CPA, MST, CVA | October 8, 2025 When you're considering buying a business, the financials play a pivotal role in helping you determine whether the investment is worthwhile. Understanding key financial ratios will not only help you assess the potential of the business but also enable [...]
Starting September 30, 2025, the IRS and other federal agencies will no longer accept or issue paper checks. This change is part of a government-wide modernization initiative aimed at improving security, reducing costs, and streamlining financial operations. The AICPA has been actively trying to delay the implementation of this [...]
