Research and Experimental Expenditures for 2022
The Tax Cuts and Jobs Act (TCJA) signed in to law on December 22, 2017 had a provision in it that is going to have a negative impact to companies…
Taxation of Cryptocurrency
We saw for the first time in 2019, the words “virtual currency” on Form 1040 (Schedule 1). There’s been additional discussion and regulation out of the Infrastructure Act that passed…
Webinar: ASC 842-Leases
ASC 842 – Leases is now in effect for non public entities as of January 1, 2022 with early adoption permitted. Should you be planning to implement early in advance…
Business concept of 2022 new year. Turned a wooden cube and changed number 2021 to 2022. Black alarm clock. Beautiful white background, copy space. 2022 new year concept.
Not just year-end W-2’s and 1099’s. Do you know about reporting stock option exercises?
Now that the year-end has come and gone, many of our entity clients focus on the reporting they have to send out to employees and consultants by January 31st of…
KN+S Year-End Tax Update and Year-End Planning Ideas
Come learn about the latest updates from Washington and their impact on you for the 2021 tax year and the future. We will discuss the status of Build Back Better…
Tax Changes in the Infrastructure Bill for 2021
Now that the proposals are cleared through Congress with the promise of the President's signature, we take note of the tax changes included in the bill, as follows: The Employee…
Pass-Through Entity Taxation as Adopted by Massachusetts
The statutory language adopted by the Legislature is relatively short in length, but, as with any newly adopted provisions, open to interpretation, depending on how one parses that language. As…
Close Your Books Monthly!
Many small businesses close their books on an annual basis largely for the purpose of preparing annual tax filings. We recommend that the books be closed on a monthly basis…
Considerations When Selling Company Stock in a Secondary Sale
Over the last several years we have seen many V.C’s put money into many of our clients’ companies and allow the founders to “take some of the money off the…
Fall Changes are in the Air
Welcome to fall. We hope all of you are enjoying the coolish fall like temperatures and more comfortable nights. I always find that the swift transition from the lazy summer…