Tax Planning & Compliance
AAFCPAs Presenting Tax and Accounting Year End Update at FEI NY-CT
AAFCPAs is proud to participate in the Connecticut/Westchester chapter of Financial Executives International’s (FEI’s) Year End Annual Tax and Accounting Update and Networking Social and Dinner, a gathering that offers fresh insight and meaningful connection as finance leaders prepare for the close of the year. The program offers two CPE credits through focused tax and […]
Seminar Recap: Tax Strategies for Cannabis Operators 2025
During AAFCPAs’ recent Tax Strategies for Cannabis Operators webinar (October 2025), AAFCPAs’ Cannabis practice leaders presented practical guidance to operators on navigating Section 280E compliance, optimizing cost of goods sold, managing cash flow and operational challenges, and evaluating strategies for exit planning, including Qualified Small Business Stock and employee ownership structures. The past year for […]
NY Domicile Ruling: Lessons from Hoff for Residency and Tax Planning
New York’s Tax Appeals Tribunal recently sustained a domicile assessment in Hoff v. New York Tax Appeals Tribunal, finding that the taxpayers remained New York domiciliaries for 2018 and 2019. While this decision comes out of New York, the scrutiny outlined in detail below is not unique. Many states apply similarly rigorous analyses when evaluating […]
Massachusetts Sets $500K Threshold for Corporate Nexus
Massachusetts has drawn a sharper line around which corporations and business entities fall under the state’s corporate excise tax. With the finalization of Regulation 830 CMR 63.39.1, the Department of Revenue set a clear economic and virtual nexus threshold of $500,000. Corporations generating sales above this amount from Massachusetts sources may now be subject to […]
Sales Tax Compliance for Ecommerce Sellers Discussed on Connex eCommerce Podcast with Kelly Zack
Kelly Zack, MST, Partner in AAFCPAs’ State & Local Tax practice, joined the Connex eCommerce Podcast for a discussion on how online sellers may navigate sales tax compliance with confidence. Hosted by Joe Anderson, the episode explored common misconceptions about nexus and marketplace rules, as well as practical ways ecommerce businesses may simplify reporting and […]
Are you prepared for the financial and operational scrutiny of a business sale?
In every transaction, there comes a moment when optimism meets scrutiny. The buyer has signaled interest, perhaps even hinted at terms, but now the conversation shifts to proof. They will want to see the numbers behind the story, the contracts that bind relationships, and the systems that keep the business running. They may also review […]
What SaaS Companies Need to Know About State Tax Obligations
As software companies shift to subscription-based models and expand across state lines, tax obligations grow less predictable—and more costly when overlooked. Sales tax on Software-as-a-Service (SaaS) is no longer limited to where a company is headquartered. Instead, tax exposure may follow where products are used, where customers are billed, or even where remote team members […]
2025-2026 Tax Planning Guide for Business and Individuals
Proactive tax planning is always important, but this year brings new considerations. The One Big Beautiful Bill Act (OBBBA), signed into law July 4, introduced significant changes, many of which take effect in 2025. These provisions may require adjustments to strategies you have used in the past, and they create new opportunities for those who […]
Positive Changes for R&E Tax Deductions Under OBBB
For decades, companies have navigated the complexities involved in deducting research and experimental expenditures. The One Big Beautiful Bill (OBBB) Act with the newly released Revenue Procedure 2025-28 changes that landscape. Starting with tax years after December 31, 2024, domestic research and development expenses may be deducted immediately, replacing the prior five-year capitalization and amortization […]