2016 Standard Mileage Rates for Business, Medical and Moving Announced IR-2015-137, Dec.17, 2015 WASHINGTON — The Internal Revenue Service today issued the 2016 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on Jan. 1, 2016, the standard mileage rates for the […]
Have you looked at your electricity bill?
TO our Small Business Clients, Clients, friends and family in MA: As we looked at our business clients, clients who just own a home, and people who have rental properties, we realized that Energy has changed and we wanted to bring you the latest information I thank Jacqui D’Angelo, from Gulf, headquartered right here in Metrowest MA, for helping us put together the […]
Get Credit for Child and Dependent Care
Many parents pay for childcare or day camps in the summer while they work. If this applies to you, your costs may qualify for a federal tax credit that can lower your taxes. Here are 10 facts that you should know about the Child and Dependent Care Credit: 1. Your expenses must be for the care […]
Beware of Fake IRS Emails and Phone Calls
Issue Number: IRS Tax Tip 2014-19 Beware of Fake IRS Emails and Phone Calls Tax scams that use email and phone calls that appear to come from the IRS are common these days. These scams often use the IRS name and logo or fake websites that look real. Scammers often send an email or call to […]
Form 1099 MISC – Give out or Receive?
Do you have to GIVE OUT a Form 1099 MISC? File Form 1099-MISC, Miscellaneous Income, for each person to whom you have paid during the year at least $600 in rents, services (including parts and materials), prizes and awards, other income payments, medical and health care payments, crop insurance proceeds, cash payments or, generally, the […]
Guest Writer: Murphy Insurance Agency on Cohabitation
The term cohabitation most commonly refers to unmarried couples living together, but it also applies to roommates and other living situations. If you choose to cohabitate, take care to obtain the right coverage for your situation. The general overview below highlights key concerns; however, it doesn’t address every circumstance. Talk with our Associates about your […]
Carol Sanchez Receives ATHENA Leadership Award®
On Thursday, November 14th, the MetroWest Chamber of Commerce will honor Carol Sanchez, the 2013 recipient of the coveted ATHENA Leadership Award®. The award is presented to a woman-or man-who is honored for professional excellence, community service and for actively assisting women in their attainment of professional excellence and leadership skills. Ms. Sanchez founded the first 100% Latina CPA […]
ALPFA: Building Latino Business Leaders
Carol Sanchez will be a panelist at the ALPFA event on November 18 at the Hogan Campus Center at Holy Cross. Association of Latino Professionals in Finance and Accounting (ALPFA) strives to maintain its position as the premier business organization expanding opportunities for Latino Leadership in the global market. In addition to Carol, other featured […]
Micro Loans to Small Businesses in the Greater Boston Area
The Bentley Microfinance Group is providing Micro Loans (Under $10,000) to Small Businesses in the Greater Boston Area. To Learn More, please visit their website, see below. Their Mission is as follows: “The Bentley Microfinance Group is a principally student run organization that falls under Bentley’s 501(c)3 non-profit classification. Charged with managing its loan fund, […]
Summertime Child Care Expenses May Qualify for a Tax Credit
Now that it is June, did you know that your summer day care expenses may qualify for an income tax credit? Many parents who work or are looking for work must arrange for care of their children under 13 years of age during the school vacation. Those expenses may help you get a credit on […]