State and Local Tax
Wait to the last minute on your tax return? Here are some tips.
NBC Boston (April 2,2025)- Tax day is almost here. This year, all federal and state returns must be filed by the April 15 deadline. If you’re dreading doing your taxes, you’re not alone. Nearly a third of Americans admit to procrastinating and waiting until the last minute to file their paperwork. Tomas Pueyo, a tax manager […]
Tax and Accounting Implications in Buy-Side Business Transactions
Understanding the myriad tax implications of a buy-side business acquisition is essential to achieving a successful outcome. The way you structure the deal and approach due diligence can influence your financial results and help to avoid costly pitfalls. With the right strategies, you can identify opportunities to maximize tax benefits and streamline the integration process. […]
MA Form 3ABC due by 3/1 to avoid local property taxes
Editor’s Note: This article was updated in 2025 for accuracy and relevance. The Massachusetts Return of Property Held for Charitable Purposes Form 3ABC provides for an exemption from local taxation on personal and real property for eligible charitable organizations. As a reminder, to be exempt, you must file an annual Form 3ABC, due at the Assessor’s […]
Field, Zack Appointed as Tax Partners
Boston, MA (January 29, 2025) — AAFCPAs, a U.S. top 100 CPA and consulting firm, is pleased to announce the promotion of Stacie Amaral Field, CPA, MBA and Kelly Zack, MST to Tax Partners, both invaluable leaders and advisors in AAFCPAs commercial tax practice. Join us in congratulating Stacie and Kelly on their well-deserved promotions. This […]
How Life Sciences May Be Affected by New Administration Tax Policies
In this article: For clients in the life sciences, tax policies often hinge on a shifting political landscape. This means, each new administration may signal changes that could reshape strategies in the coming year and beyond. Understanding emerging policies will be key in 2025 for areas like M&A timing, R&D cost management, and structuring for […]
Maximize Your Business Sale Value: Why Accurate Financials Matter
In this article: Businesses considering a sale, merger, Unsolicited Friendly Offer (UFO), or even a partial sale in exchange for a significant outside investment typically hear one piece of advice: Ensure your books are in order. Clean, accurate, and up-to-date financial records are essential for transaction success, particularly as prospective buyers or investors demand greater […]
Top Takeaways From Our 2024 Business Tax Planning Webinar
In this article: Tax planning is an essential part of business strategy, especially as we approach year-end. During AAFCPAs’ recent Business Tax Planning webinar (October 2024), speakers discussed topics that affect U.S. privately held businesses across federal, state, and international tax landscapes. This session highlighted credits, deductions, compliance challenges, and strategies that could benefit businesses […]
Essential Tax Moves Before Year-End: Watch Our Business Tax Webinar
Webinar: Year-End Tax Planning & Compliance for Privately Held Companies AAFCPAs invites you to watch our 2024 Business Tax Planning webinar, designed to provide essential year-end tax strategies to help you maximize your 2024 tax benefits. This session covers key regulatory changes and guidance for optimizing your tax position. Details: Focused on optimizing your business […]
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. […]