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 [...]
Newburg | CPA Staff Writers February 24, 2022 If you operate a business, or you’re starting a new one, you know you need to keep records of your income and expenses. Specifically, you should carefully record your expenses in order to claim all of the tax deductions to which [...]
Newburg | CPA Staff Writers David R. Natan, CPA, MST, CVA -- February 14, 2022 Avoiding surprises when acquiring a company should be tantamount in the eyes of the buyer. One of the keys to a successful acquisition is the integration of the Net Working Capital Peg not [...]
Newburg | CPA Staff Writers - February 11, 2022 (with excerpts from IRS.gov and childtaxcredit.gov) Eligible parents and guardians who filed their 2019 and 2020 tax returns and claimed qualifying children may have automatically received half of their 2021 anticipated total Child Tax Credit amount in advance. Based on [...]
Newburg | CPA Tax Brief (02/11/2022)Newburg | CPA Staff Writer - David R. Natan, CPA, MST, CVA -- February 4, 2022During an acquisition, buyers need to be extra careful when reviewing interim internal accrual based financial statements for completeness and accuracy. Quite often the application of the more popular [...]
Newburg | CPA Tax Brief (01/25/2022) Do Not Forget the Expanded Retirement Plan Deadlines and Startup Costs Tax Credit Newburg | CPA Staff Writers- January 21, 2022 (with excerpts from IRS.gov) SECURE Act Retirement Plan Deadline Changes A significant retirement plan change that occurred with The SECURE [...]
Newburg | CPA Tax Brief (02/11/2022) Newburg | CPA Staff Writer – David R. Natan, CPA, MST, CVA — February 4, 2022 During an acquisition, buyers need to be extra careful when reviewing interim internal accrual based financial statements for completeness and accuracy. Quite often the application of the [...]
Newburg | CPA Tax Brief (01/17/2022) A primary purpose of estate planning is to ensure that your wealth is distributed according to your wishes after you die. But if a family member challenges the plan, that purpose may be defeated. If the challenge is successful, a judge will decide [...]
Newburg | CPA Tax Brief (01/16/2022) The bipartisan Infrastructure Investment and Jobs Act (IIJA), which was signed into law on November 15, 2021, includes two provisions affecting the reporting of transactions involving digital assets, including cryptocurrency, for U.S. taxpayers. The first provision expands information reporting requirements (Form 1099-B filings) [...]
