By Michael D. Koppel, CPA, PFS, CITP, MBARetired Partner at Gray, Gray & Gray School’s out! What are your children (or grandchildren) doing during their summer vacation? Going to camp? Hanging around with friends? How about beginning to plan for retirement? Retirement for the younger set may be 50 years or more away. But they […]
How Soon Can Your Child or Grandchild Start Saving for Retirement? Read More »
If you have taken the step of creating an estate plan to help ensure your financial wishes are carried out, congratulations. You are well ahead of most people in this country. Forbes magazine reports that 51 percent of Americans age 55 to 64 don’t even have wills, much less estate plans. But no estate plan
What is Missing from Your Estate Plan? Read More »
A little over a year ago (December 2015) the Massachusetts Department of Revenue (DOR) issued businesses in the state with new State Income Tax Withholding ID numbers. Previously, the number used was the same as the business’ federal tax identification number. During 2016 the DOR accepted both the new and old numbers for payroll withholding
New State Income Tax ID Now Required in Massachusetts Read More »
By Michael L. Cecere, CPA, MST If your company offers employees a benefit plan such as a 401(k), 403(b) or other type of pension, and you have 100 or more employees eligible to participate in the plan, you must submit an audited annual plan financial statement along with the annual Form 5500 to the U.S.
Is Your Company Required to Have an Employee Benefit Plan Audit? Read More »
By Karen G. Timmermans, CPA “For the only way in which a durable peace can be created is by world-wide…economic activity and international trade.” – James Forrestal (1892-1949), former U.S. Secretary of Defense Although international trade has been making headlines in recent months, it is not a new occurrence. Cross-border commerce has been taking place
Business Without Borders Read More »
By Derek B. Rawls, CPA, MST My physician has advised me to avoid too much salt in my diet. Studies have shown that excess salt intake can raise blood pressure. The same can happen when a business finds too much SALT – State and Local Taxes – in its diet. While there is much speculation
Putting SALT on the Table Read More »
By Richard P. Feilteau, CPA, CVA How much is your business worth? That is not a speculative question, or one that should be answered with a “ballpark” guess. Attaching an accurate valuation to a company is a critical part of ongoing business strategy. Exit Strategy Planning. If you are planning to sell your business it
Top 10 Reasons for a Business Valuation Read More »
By Paul J. Gerry, Jr., CPA, PFS It is hard to believe the Internet is barely 20 years old. Yet in just two decades the Internet has dramatically changed the way we communicate, travel, shop and conduct business. What used to take days or weeks to accomplish can now be done in real time. Nowhere
What is Cloud Accounting and Why Do I Need It for My Business? Read More »
Happy New Year! It’s been a whirlwind these past few months – and with all of the potential tax changes weighing in the balance, you may be wondering what information you need to know. For your convenience, we’ve put together some highlights of what has happened on the tax front, and a sneak preview of
Looking Back, Looking Ahead Read More »
As President-elect Donald Trump continues to fill cabinet positions, more and more information is emerging regarding policies and plans. Among the most eagerly anticipated are the details on the plans the Trump administration has for tax reform. While nothing is set in stone, and many changes may not go into effect until 2018 or later,
How to Plan for Potential Tax Changes Read More »