The IRS recently announced that they extended the federal tax filing deadline to July 15, 2020, three months after the normal April 15, 2020 deadline, to give all individuals and businesses an extra 90-day extension to file their returns. The … Continue reading
Category Archives: Financial Planning
21 March 2020
IRS Extends Tax Filing & Paying Deadline to July 15
12 March 2020
Stay the Course of Your Financial Plan
For many of us, the feeling of uncertainty can be an uncomfortable one. Watching the market continue to dip day after day without knowing when or how a rebound will come can make some investors want to push the emergency … Continue reading
28 February 2020
A Snapshot of the 2020 Democratic Tax and Wealth Plans
We’re up, Massachusetts! This week MA voters are beginning to cast early ballots for the presidential primary. The big day, however, is Tuesday, March 3, where voters head to the polls to make their selection for a presidential candidate. But, … Continue reading
10 February 2020
The SECURE Act: Key Takeaways and Strategies to Consider
Over the past few years, we have seen some of the greatest shifts in tax legislation. And just as we are finally digesting the unprecedented tax reform changes of 2018, we now turn our attention to one of the most … Continue reading
10 January 2020
IRS Establishes No Clawback Rule on Gifts and Estates
In a recent announcement, the IRS presented the highly-anticipated final regulations on gift and estate tax exclusion amounts made between 2018-2025, confirming there will be no clawback after the exemption amount sunsets. The IRS and the Treasury Department have established … Continue reading
7 January 2020
Important Tax Deadlines in January
Most of us are familiar with the matriarch of all tax days—April 15—but there’s other federal tax deadlines to be aware of as well to stay in compliance with the IRS. January 15 – 4th Quarter Estimated Taxes If you … Continue reading
5 December 2019
10 Reasons Why Your Small Business Needs a Bookkeeper
With many small businesses thriving during the holiday season, this is the time of year that makes running a business exciting and enjoyable! This is also the time of year to reconcile books and prepare for tax season. How can … Continue reading
11 September 2019
What do I do if I am behind a few years in filing my Income Taxes?
This is a very popular question in our tax office and we get it often. “I have not filed my taxes for three years. Am I in trouble or what should I do?” Well, it is important to understand your … Continue reading
17 February 2019
Taxation of Social Security Benefits
At one time, all Social Security retirement benefits were tax free. However, the tax rules are not quite as simple today; instead, benefit recipients fall into one of three categories: For most recipients, benefits remain tax free. For some recipients, … Continue reading
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