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Opportunity Zone Project Underway for BayCoast Bank

We are very pleased to have been able to represent BayCoast Bank in the acquisition of the Standard Times Building on Rt. 18 and Elm Street in New Bedford through an Opportunity Zone entity. Through this strategic Opportunity Zone acquisition, BayCoast Bank has made a significant investment in New Bedford that is expected to expand […]

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 […]

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