2016 charitable deductions: Substantiate them or lose them Sharing your wealth with a favorite charity can benefit those in need and reduce your taxable estate. In addition, your donations can ease your income tax liability. But you must meet IRS substantiation requirements. If you fail to do so, the [...]
Incentive stock options allow you to buy company stock in the future at a fixed price equal to or greater than the stock’s fair market value on the grant date. If the stock appreciates, you can buy shares at a price below what they’re then trading for. However, complex [...]
The Internal Revenue Service has issued a warning to taxpayers, urging them to be wary of an influx of IRS imposter scams which use "robo-calls" and other new strategies to demand payments. Recently there has been an increase in automated phone calls in which scam artists leave messages urging [...]
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 [...]
Are you looking for a way to invest in our economy and help small businesses grow? Well, you are in luck, the IRS likes investors like you and has provided some great benefits for your tax planning. Below we present a brief overview of one benefit of investing in [...]
A BDO summary of their restaurant clients' discussion of key treasury considerations for areas including controls, vendor services and financing. Read More
Newburg & Company, LLP has joined the Brewers Association this year. We are also members of the MA Association of Restaurants which adds to our terrific external network of vendors, CC companies, banks, attorneys, investment advisors, payroll companies, etc. to provide full-service to our hospitality clients. See how we [...]
- 1/20/17 Boston Business Journal - Page 11. Click Here
The executor’s role is critical to the administration of an estate and the achievement of estate planning objectives. So your first instinct may be to name a trusted family member as executor (also referred to as a personal representative). But that might not be the best choice. Important duties [...]
Certain tax return and extension due dates will change for taxable years ending on or after December 31, 2016, based on provisions included in the Surface Transportation and Veterans Health Care Choice Improvement Act of 2015 that was signed into law on July 31st, 2015. The changes represent years [...]
