Partner Jeff Smith is shelving the running shoes and signature “Red” hat this year and is foregoing the 2018 Litchfield Hills Road Race in June. Instead, he has strapped on his helmet and will be participating in the Pan-Mass Challenge (PMC) 2-day, … Continued
On December 22, 2017 President Trump signed the biggest tax legislation changes in three decades, Tax Cuts and Jobs Act. Here are some of the highlights under the new tax law: individual rates will be temporarily lowered, the standard deduction … Continued
On Friday, October 13 Social Security Administration increases were announced as follows: 1) The 2018 maximum wage base subject to the 6.2% Social Security tax would increase to $128,700 up from the 2017 amount of $127,200. (A subsequent update on … Continued
One of the largest security breaches has recently come to light, be diligent and find out what the breach means to you and how best to protect yourself.
Our office will be closed on Fridays for the summer starting June 9, 2017, through September 1, 2017.
Calendar year partnerships, including electing large partnerships, and S corporations must file their 2016 returns, and provide each partner/shareholder with a copy of Schedule K-1, by Mar. 15, 2017, or else file for an automatic 6-month extension on Form 7004.
The 2017 tax filing season begins January 23, 2017. Taxpayers claiming certain tax credits to expect longer wait for refunds. As a reminder, due dates for some business tax returns have changed for the 2016 filing. Contact us with questions.