Category Archives: Accounting
Proposed Tax Law Changes and You
The President and Congress are considering tax law changes in a number of important ways that may impact you, your business and your family. If a person waits until the changes become law, he or she will probably lose the opportunity to plan around them because they are effective immediately after they are signed or […]
Updated Resources and Checklists for Navigating the New Federal Emergency Loan Programs
Friends, As a follow up, we are attaching links to some additional resources concerning the new Small Business Association disaster loan programs. While these programs are often described in recent media as one collective program, there are actually several interrelated relief programs, some of which provide forgivable loans and some of which require repayment in […]
ALERT: Applications Open for New SBA COVID-19 Disaster Loan Assistance under the CARES Act
Dear Friends, Following the enactment of the CARES Act this past Friday, it was anticipated that the U.S. Small Business Association (“SBA”) would develop a streamlined application process to enable small businesses to apply online and expedite payments for approved loans under the new COVID-19 Economic Injury Disaster Loan program. We are writing to alert […]
Opportunity Zones & Qualified Opportunity Funds: An Emerging Economic Development and Investment Tool Worth Considering
The Opportunity Zone program is an important new community economic development and investment tool created in late 2017 by the federal Tax Cuts and Jobs Act. This program is designed to incentivize long-term private investments in economically distressed communities (including a number of areas in the SouthCoast) through a highly tax-advantaged investment vehicle called a […]
Home Mortgage Interest and the New Tax Law
Most of our clients own their own homes and some have second homes. The new tax law significantly impacts the deductibility of the interest on mortgages on those properties. We received an excellent summary of those changes and how they may impact you from the accounting firm of Adler Blanchard & Associates LLP today. Rather than reinvent […]
Accountants Responsible to Non-Clients for Material Misrepresentations in Audit
In a very important case, the Business Litigation Session of the Massachusetts Superior Court has ruled that an accounting firm and one of its partner accountants were responsible for misrepresentations contained in an audit report of its client’s financial statements. Plaintiffs were investors who lost millions of dollars in investments in a car loan company. […]
