Kelly Zack
Understanding the Massachusetts 2024 Tax Amnesty Program
Massachusetts taxpayers with unfiled returns, underreported tax, and other tax liabilities have a unique opportunity through the Massachusetts 2024 Tax Amnesty Program. This limited-time initiative offers significant relief by waiving penalties for individuals and businesses that file outstanding returns and pay tax and interest owed for tax periods with returns due by December 30, 2024. […]
Year-End Tax Webinars: Optimize Your 2024 Tax Strategy
Watch OnDemand: 2024 Year-End Tax Webinars Reviewing your tax strategies before the end of the calendar year is essential to uncover potential tax savings, ensure compliance, and optimize your financial decisions, which is why AAFCPAs annually hosts a series of complimentary webinars to help clients stay informed and prepared. Whether you are a business owner, […]
CARM Set to Transform Canada Imports
This article has been updated. AAFCPAs would like to make clients aware of a significant new requirement related to Canada customs. The Canada Border Service Agency (CBSA) Assessment and Revenue Management (CARM) is a new initiative, which is expected to notably transform how importers interact with Canada Customs. Importers should be aware that CARM will […]
Los Angeles and San Francisco City Taxes Due
While most taxpayers are focused on federal and state tax obligations, city taxes can often slip under the radar, leading to potential oversights. AAFCPAs would like to make clients aware that two California city taxes affecting businesses in Los Angeles and San Francisco are due February 29, 2024. Los Angeles City Tax This is a […]
Nonprofit Challenges in Navigating Tax Issues
Nonprofit organizations are often thought to be tax exempt. But this is a misnomer, as there are many situations where a nonprofit may have to either pay or collect and remit tax. Private foundations, also under the umbrella of 501(c)(3) nonprofit organizations, are subject to a 1.39 percent net investment tax on their investment income […]
Chicago Extends Lease Tax to Software as a Service
Although states have not been increasing sales tax rates in general, many have begun to expand their tax base as some lawmakers look at expanding the list of taxable items. Some states are looking to tax digital products such as music, book, and video downloads. Many states also tax various forms of software including Software […]
Kelly Zack, MST is featured on Synexus Tax Solutions’ Podcast
October 16th, 2023 – In today’s episode, we’re diving into the world of cannabis and sales taxes, and we’re asking a simple question: Are the taxes on cannabis too high? To help us understand this, we have a special guest, Kelly Zach, who’s a sales tax expert from Boston, Massachusetts. Kelly helps us understand the […]
Watch Now: Business Tax Webinar 11/2
As 2023 draws to a close, we invite our valued business clients and friends to proactively assess their full financial picture to strategically plan their year-end tax optimization. It’s crucial to note that the majority of tax-saving strategies require implementation on or before December 31. AAFCPAs is poised to assist you in minimizing your tax […]
Colorado and Minnesota Impose Retail Delivery Fee
AAFCPAs’ State & Local Tax (SALT) practice would like to make clients aware that the state of Colorado and Minnesota have enacted a retail delivery fee. Colorado Updates Rule The state of Colorado originally imposed a fee of $0.27 on all retail sales delivered by motor vehicle to Colorado customers effective July 2, 2022. This […]