Portability allows a surviving spouse to take advantage of a deceased spouse’s unused federal gift and estate tax exemption. The main advantage of portability is simplicity. It lets married couples make the most of both of their exemptions without the need for credit shelter trusts or other estate planning [...]
We want to make you aware that the Massachusetts Department of Revenue may be increasing its efforts in auditing service businesses for sales and use tax filings. Within the state of Massachusetts, service activity is primarily not subject to sales tax. However, if your service business has a component [...]
Last month we sent out a notice alerting you to the passage of the "Protecting Americans from Tax Hikes (PATH) Act of 2015". We were excited to see that the research and development (R&D) tax credit was permanently extended. This is a huge victory for U.S. businesses that were [...]
