Newburg | CPA News Brief May 10, 2022 For 2022, the federal gift and estate tax exemption has reached its highest level ever. In fact, you can transfer up to $12.06 million by gift or bequest without triggering federal transfer taxes. This is a limited time offer, however, as [...]
Newburg | CPA Special News Brief - Newburg Staff Writers May 5, 2022 As detailed on the sba.gov website, the COVID-19 EIDL portal will be closing on May 16, 2022. The SBA would like to remind EIDL participants that they should download all of their loan documents from the [...]
Newburg | CPA News Brief May 3, 2022 Despite the robust job market, there are still some people losing their jobs. If you’re laid off or terminated from employment, taxes are probably the last thing on your mind. However, there are tax implications due to your changed personal and [...]
Newburg | CPA Special News Brief March 25, 2022 Effective March 23, 2022 the Baker Administration announced a new grant program positioned to boost hiring by providing eligible employers with a $4,000 per employee grant. The funds can be used to cover training costs, supervision time or employee bonuses. [...]
Newburg | CPA Tax Brief March 23, 2022 Summary The FASB issued ASU 2021-07[1] (“Update”) to address the concerns from stakeholders about the cost and complexity of determining the fair value of equity-classified share-based awards for private companies. It specifically permits private companies to use 409A valuations prepared under [...]
Newburg | CPA Tax Brief March 17, 2022 If charitable giving is important to you, consider a donor-advised fund (DAF). A DAF — typically sponsored and managed by a community foundation or commercial investment company — offers many of the benefits of a private foundation at a fraction of [...]
Newburg | CPA Tax Brief March 10, 2022 The COVID-19 pandemic exposed the fissures in global supply chains, with recent disruptions proving costly, complex, and chronic. Manufacturers will likely continue to face headwinds in 2022, a cause for concern following a turbulent year. Constraints on transportation and capacity, supply [...]
Newburg | CPA Tax Brief March 8, 2022 Introduction If you’re a technology company founder or CEO, chances are good that you receive a number of messages from private equity (PE) firms interested in acquiring your business on a regular basis. Among the many emails may be the perfect [...]
Newburg | CPA Tax Brief March 3, 2022 If you donated to charity last year, letters from the charities may have appeared in your mailbox recently acknowledging the donations. But what happens if you haven’t received such a letter — can you still claim a deduction for the gift [...]
Newburg | CPA Staff Writers February 25, 2022 The Commonwealth of Massachusetts launched a new grant program of $75 million to support small businesses that were adversely impacted by the COVID-19 pandemic. Massachusetts Growth Capital Corporation (MGCC) will administer the two different grants programs: New Applicant Grant Program $25 [...]
