• accounting and tax services

    Cutting costs when you’ve gone over budget

    Year end can’t get here soon enough for some business owners — especially those whose companies have exceeded their annual budgets. If you find yourself in this unenviable position, you can still cut costs to either improve this year’s financial picture or put yourself in a better position for next year.

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    Could an FSA offer the benefits flexibility you need?

    Business owners have to make tough choices when it comes to providing benefits to their employees. Many companies, especially newer or smaller ones, may understandably prioritize flexibility. No one wants to get locked into a benefits offering that’s cumbersome to administer and expensive to maintain. Well, there’s one possibility that has the word “flexible” built right into its name: the…

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  • property tax

    Why you may want to accelerate your property tax payment into 2017

    Accelerating deductible expenses, such as property tax on your home, into the current year typically is a good idea. Why? It will defer tax, which usually is beneficial. Prepaying property tax may be especially beneficial this year, because proposed tax legislation might reduce or eliminate the benefit of the property tax deduction beginning in 2018.

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  • international tax

    Reduce your 2017 tax bill by buying business assets

    Two valuable depreciation-related tax breaks can potentially reduce your 2017 taxes if you acquire and place in service qualifying assets by the end of the tax year. Tax reform could enhance these breaks, so you’ll want to keep an eye on legislative developments as you plan your asset purchases. Section 179 expensing Sec. 179 expensing allows businesses to deduct up…

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  • personal accountant boston

    Tax Implications of Moving

    People move for various reasons: to be close to loved ones, amenities and nightlife, to pursue lower living costs, or just because you always wanted to live in a certain place. Proximity to work is the most common reason for moving, and you may be eligible for tax incentives if you just got that offer for a dream job hundreds…

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  • personal accountant boston

    Tax Tips for Expats, Digital Nomads, and Other US Citizens Who Live Abroad

    Expats, dual citizens, digital nomads: all people who may retain American citizenship but don’t spend much time in the US which can lead to serious headaches at tax time. Here are some tips to help you understand your dual citizen and expat taxes. Why Do I Need to File a Tax Return if I Don’t Live in the US Anymore?…

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  • tax preparation brighton ma

    Is Living in a State with No Income Tax Really Easier on Your Wallet?

    All Americans are obligated to pay federal tax income taxes, and most states (and some counties and cities) will also make their residents pay a separate income tax with a few exceptions. The following states don’t have an income tax: Alaska Florida Nevada South Dakota Texas Washington Wyoming Sometimes, people include New Hampshire and Tennessee on that list because earned…

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  • foreign tax accountant

    How Olympic Medals are Taxed

    Olympians are definitely stuck contending with tax bills resulting from their victories. Most prizes and awards are taxable whether you win $100 at a fishing competition or a dishwasher worth $2,000 on a gameshow. The Olympic committee awards $25,000 to gold medalists, $15,000 to silver, and $10,000 for bronze but what makes Olympic medals an interesting phenomenon is that the…

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  • foreign tax accountant

    Why Hire A Portable CFO?

    Why Hire a Portable CFO? Let’s be honest: Entrepreneurs and small business owners wear many hats. During the regular course of a day, you may find yourself handling customer tasks or orders, interfacing with vendors, or dealing with couriers and shipping companies. More often than not, business owners find there is little time left to cope with the financial aspects…

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  • Brexit’s Impact on US Taxes

    The United Kingdom’s vote to leave the European Union (EU) is going to have a lot of impact on international trade, not to mention the American economy and tax policy. Americans with UK-sourced income and businesses looking to enter the UK market should take heed of the impending changes and how they will affect their tax liabilities. Here’s an overview…

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