Tyler Champagne
Maximizing Meal Expense Deductions: IRS Rules and Exceptions Every Organization Should Know
Meal Expenses: An Overlooked Tax Opportunity Meal expenses are often an overlooked area in tax planning, with significant potential to affect an organization’s bottom line. While the IRS generally allows only a 50 percent deduction under IRC §274, certain circumstances may permit full deductibility. Understanding these exceptions enables businesses, including tax-exempt organizations that may incur […]
Does Your Website Create Tax Exposure? Understanding California’s PL 86-272 Guidance
For years, Public Law 86-272 offered a clear line of protection. If an out-of-state business limited its activity in another state to soliciting sales of tangible goods—typically through mail, phone, or more recently e-commerce—it could avoid that state’s income tax. That line has blurred. California is leading a quiet but consequential shift in how PL […]
Interest Deduction Limits Loosened, Restoring Favorable Treatment for U.S. Businesses
Businesses financing growth may see renewed opportunities to recover interest costs more quickly under the One Big Beautiful Bill Act (OBBBA) due to a change that restores depreciation and amortization addbacks in calculating the limit on deductible interest. This adjustment to Internal Revenue Code Section 163(j) marks a return to the more generous standard in […]
Promotions Celebrated at AAFCPAs
Boston, MA (February 25, 2025)—AAFCPAs, a preeminent 350+ employee CPA and consulting firm based in New England, is pleased to announce recent promotions across key areas of the firm. We continue to invest in the growth of our practice areas and multi-disciplinary expertise to address the evolving needs of our sophisticated client base, and this […]
Top Takeaways From Our 2024 Tax Planning & Wealth Preservation Webinar
In this article: Strategic tax planning preserves wealth and ensures a lasting legacy. During AAFCPAs’ recent Individual/Family and Wealth Preservation webinar (October 2024), Jonathan Bloom, CFP®, AIF®, Joshua England, LLM, Esq., Richard Weiner, CPA, MST, CM&AA, Daniel Seaman, CPA, and Tyler Champagne, CPA, MSA shared wealth preservation insights including strategies to help optimize your tax […]
Webinar On-Demand – Year-End Tax Optimization for Individuals & Families: Key Insights to Save in 2024
Webinar: Year-End Individual/Family Tax and Wealth Preservation AAFCPAs invites you to watch our 2024 Individual/Family Tax and Wealth Preservation webinar, tailored to high-net-worth individuals. Watch us discuss tax strategies for preserving and growing your wealth. Details: Tailored to high-net-worth individuals looking to preserve and grow their wealth, this session offers insights on tax strategies and […]
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, […]
Watch Now: Individual & Family Tax Webinar 10/31
AAFCPAs’ Individual & Family Tax and Wealth Preservation Webinar As we near the close of another calendar year, we again encourage clients to assess their complete financial situation now in order to plan their year-end tax optimization strategy. As you do, be mindful that most tax reduction approaches must be implemented by December 31 or […]
Meals & Entertainment Deduction Reverts to Pre-TCJA Law
As of January 1, 2023, the meals and entertainment deduction has reverted to previous guidelines under the Tax Cuts and Jobs Act (TCJA). Put differently, the 100 percent deduction for food or beverages provided by a restaurant has officially expired. The IRS advises that a 50 percent limit on meal expenses applies if that expense […]