Joshua England
You Snooze, You Lose. Preserve Wealth Before Legislation Eliminates Opportunities
As you know, AAFCPAs anticipated changes on the horizon to the Estate Tax Exemption. On March 25, 2021, Senator Bernie Sanders introduced legislation called “For the 99.5% Act,” which, if passed, would establish a new progressive estate tax rate structure on the top 0.5% of Americans who inherit over $3.5 million in wealth. It is […]
AAFCPAs’ 2021 Nonprofit Educational Seminar
AAFCPAs is excited to announce that registration is now open for our 12th Annual Nonprofit Educational Seminar, scheduled for Wednesday, April 28. As a client and/or friend of AAFCPAs, your registration will be complimentary. We are excited this year to announce we will be hosting this popular event virtually! AAFCPAs’ Annual Nonprofit Educational Seminar is considered by […]
Biggest Accounting Mistakes Start-Up Cannabis Entrepreneurs Make
The Green Rush is upon us, but the path to a successful cannabis business is not a smooth and easy one to navigate. AAFCPAs has been deeply immersed in serving cannabis businesses since 2012 with Advisory, Tax, Accounting & Assurance Solutions. We were the first full-service CPA and Consulting firm to represent Massachusetts cannabis companies, […]
Watch Now: 2020 Tax Planning Webinar: Guidance for Individuals
In 2020, tax planning is more complicated than usual. It may be daunting to understand brackets and rates, where and when to retire, capital gains, and what to do with retirement plans. In this 1 hour webinar, AAFCPAs Tax & Wealth Advisors cover what taxpayers need to know for 2020 year-end, as well as year-round […]
Sunsetting Tax Exemption: $11.58M Estate Tax Exemption Could Decrease to $3M on Jan, 1, 2021
“When I first started practicing tax law in 2000, the federal estate tax exemption was $675,000,” said Josh England, LLM, Esq., AAFCPAs’ Consulting Tax Attorney. “Today that exemption is $11,580,000.” The federal estate tax exemption is the amount you may give away during your lifetime and own at your death without subjecting it to a […]
AAFCPAs’ Tax Attorney Provides Practical Tips and Strategies for How to Handle State and Federal Tax Controversy
AAFCPAs’ Partner and Tax Attorney Joshua England, LLM, Esq will share practical tips and strategies on how to anticipate state and federal tax controversy in a live webcast on October 7th, 2020 from 12:00 – 1:00 pm ET. Josh will be joined by Jon S. Barooshian, Esq., Partner at Bowditch & Dewey, Attorneys. In recent […]
IRS Deadline to Return RMDs is Aug. 31
AAFCPAs reminds clients who are IRA owners, beneficiaries or workplace retirement plan participants and received a Required Minimum Distribution (RMD) this year that they have until August 31 to rollover or repay the distribution to avoid paying taxes. The Coronavirus Aid, Relief, and Economic Security Act, or CARES Act, waives RMDs during 2020 for IRAs […]
The Current Economy Presents Opportunities in Estate Planning
The current economic environment presents opportunities for high-net-worth individuals to maximize the benefits of estate planning to leverage tax exemptions and insulate your assets. Why is now a good time for estate planning? As you may know, there is both a Massachusetts and federal estate tax. The federal tax is a 40% tax on the […]
Watch Now: Business & Individual Tax Planning Guidance Related to COVID-19 & the CARES Act
OnDemand Webinar – Watch Below The Coronavirus pandemic has spawned a flurry of stimulus legislation and efforts taken by Congress, the Treasury, the IRS, and state & local governments to ease the impact on businesses and individuals. The most sweeping changes have come from Congress’s coronavirus relief package, the Coronavirus Aid, Relief, and Economic Security […]