Resources & Tools

Accounting Resources

American Institute of CPAs

Visit AICPA.org →

California Franchise Tax Board

Visit FTB.CA.GOV →

Tax Resources

Internal Revenue Service Payments

Visit irs.gov/payments→

Internal Revenue Service

Visit IRS.gov→

Mass Tax Connect

Visit Mass Tax Connect Website →

Mass Dept. of Revenue

Visit Mass DOR Website →

Massachusetts Corporation Division

Visit MASS Corp Division Website →

Insights

FinCEN New Filling Requirements 

After years of delays, the first stage of the Corporate Transparency Act (CTA) goes into effect on January 1, 2024. It imposes a new federal ...
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IRS Lowers E-filing Threshold to 10 Effective January 1, 2024

The Taxpayer First Act of 2019, enacted July 1, 2019, authorized the Department of the Treasury and the IRS to issue regulations that reduce the ...
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Pass-through entity tax (PTET), what is it, how does it work, and does it affect you?

Pass-through entities (PTE) that qualify are generally S corporations, partnerships and multi-member LLCs which are taxed as S corporations or partnerships. C corporations, single member ...
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Avoiding Interest and Penalties on Improper ERC Claims

The IRS is offering a way for small businesses to potentially avoid any and all interest and penalties by withdrawing their claim. Specifically, small businesses ...
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Massachusetts Makes Room for Your Charitable Deductions

Massachusetts taxpayers are now able to claim a state income tax deduction for charitable donations made in taxable years beginning on or after January 1, ...
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IRA RMDs Rules, Changes, and Delays

Last week, amidst continued confusion of the RMD rules of the road, the IRS announced a delay in the final regulations for inherited IRA RMDs ...
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Helpful Tools

Amortization Schedule Calculator

This loan calculator lets you estimate your monthly loan repayments. It also determines out how much of your repayments will go towards the principal and how much will go towards interest. Click the link and input your loan amount, interest rate, loan term and repayment start date then click "Calculate".

Personal Budget Planner

Visit Consumer.gov to download a personal budget planning worksheet along with other useful financial tools and information.

Mortgage Calculator

Visit https://www.mortgagecalculator.org/ and enter property data to view your potential mortgage payments.

Retirement Planning Calculator

Visit CapitolGroup.com and use the retirement planning calculator to find out how much money you might need in retirement and whether your current savings plan could get you to your goal. The calculator results will provide a chart that compares your projected savings with your retirement goal. You’ll then be able to try different scenarios to see how changes in your savings plan might affect your results.

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