Category Archives: Accounting
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. […]
