Is Your Business Ready to Comply with the New Massachusetts Paid Family and Medical Leave Act?

As you may be aware, on June 28, 2018, Governor Charlie Baker signed a landmark bill requiring all employers in the state of Massachusetts to provide workers with paid family and medical leave—giving Massachusetts one of the most generous paid family and medical leave programs in the country.

10 Expert Tips to Recognize and Avoid Phishing Scams

Recently, we have had questions from several of our clients asking about phishing email scams, and more importantly, how to recognize and avoid them. 

Retirement Countdown: A checklist for the final steps on the road to retirement

There's a lot to consider as you prepare for retirement, so it's wise to begin planning well ahead of time. Once you begin nearing retirement age, the checklists below can help you stay on track for the retirement you have envisioned.

5 Tips for Preventing a Cyber Security Breach

In today's world, we hear about cyber security breaches all the time. They impact businesses of all sizes, from corporate giants like Target and Equifax, to small local businesses. Malicious individuals can gain access to a private network through any number of weak points, causing real damage to the business and their clients—damage that is often extremely expensive to repair, and can be irreparable in terms of reputation.

College Planning: How Your Savings Can Impact Financial Aid

If you're like many parents, you may be wondering whether saving too much for college will decrease your child's chances of receiving need-based federal financial aid. Here's an overview of how different types of assets fit into the financial aid equation.

New Partnership Audit Rules: 3 Changes You Should Know About

The Bipartisan Budget Act of 2015 created some new rules around Partnership Audits—rules that went into effect for tax years after January 1, 2018, with elections that may need to be made on this year's tax return.

Will Your Rental Real Estate Continue to Qualify for the New 20% Tax Deduction?

As you may be aware, the IRS recently provided a safe harbor to determine when a rental real estate enterprise will qualify as a trade or business, and thus able to receive the 20% Qualified Business Income (QBI) tax deduction. This IRS notice states that a rental enterprise will be treated as a qualifying trade or business if the following three requirements are met:

How to Avoid Common Errors Around Required Minimum Distributions in Your Retirement Accounts

When it comes to their retirement accounts, many investors often fail to think about required minimum distributions (RMDs). That oversight can lead to unnecessary tax burdens and other financial issues. In order to handle RMDs effectively, an understanding of the rules—and common errors people make—can be beneficial.

Section 199A - How the Qualified Business Income Deduction Might Impact Your Taxes This Year

Have you heard the terms “Section 199A” or “QBI Deduction” this tax season and wondered what they meant, or whether they will impact your taxes? You’re not alone.

The Tax Cuts and Jobs Act (TCJA) created a new tax deduction for business owners and others, called the Section 199A Qualified Business Income (QBI) Deduction. Since its release, there has been much confusion about the rules of this deduction, even in the tax world. In August, the IRS and the Department of the Treasury released some additional guidance, and in October, held a public hearing to field comments and questions.

On January 18, 2019, The IRS and the Treasury issued final regulations to clarify and update the proposed rules. Here’s a high-level overview:

Top Tax Reform Impacts for Tech Companies

The Tax Cuts and Jobs Act (TCJA) is the most comprehensive tax reform our country has seen in more than 3 decades, bringing broad and complex changes to businesses in every industry.

With more and more technology firms calling the Boston area home, I thought it might be helpful to discuss some of the implications of the TCJA specific to the tech world.