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AAFCPAs Releases 2019-2020 Tax Planning Guide for Businesses & Individuals

As we approach the second tax filing season under the monumental Tax Cuts & Jobs Act (TCJA), we now have a clearer and broader view of what the future holds for businesses, individuals, tax exempt and government entities. This view includes insight into opportunities and pitfalls to consider for 2019-2020. Download AAFCPAs’ 2019-2020 Tax Planning Guide for Businesses & Individuals >> Provisions of the TCJA included small income tax rate reductions for most... continue reading

Grants Available to MA Manufacturers to Achieve Stability and Revenue Growth

Massachusetts offers several grant programs to support growth and innovation in the manufacturing sector in the state. AAFCPAs has outlined, for your convenience, three programs designed to support stability and revenue growth, innovation, workforce training, and capital investments. Manufacturing Matching Grant Program New England Business Association is now accepting applications for the 2018-2019 Manufacturing Matching Grant Program funding year. The program, which is funded through an appropriation from the Massachusetts... continue reading

Congress Passes Another Two-Year Suspension of the Medical Device Excise Tax

AAFCPAs would like to make clients aware that the Medical Device Excise Tax (“MDET”) has once again been suspended for 2018 and 2019, retroactive to January 1, 2018. MDET is a 2.3% tax on medical devices, enacted effective January 1, 2013.  The tax applied to manufacturers and importers of certain medical devices, as defined by the US Food and Drug Administration under section 510(j) of the Federal Food, Drug and... continue reading