CPA Services Blog

Work Opportunity Tax Credit (WOTC)

Many businesses may be hiring certain qualified individuals and missing out on a significant tax credit known as The Work Opportunity Tax Credit.  The WOTC is available to employers that hire individuals who are economically challenged and typically have difficulties...

MA Tax Amnesty

The Massachusetts Department of Revenue is currently allowing a period of amnesty from penalties for the tax years 2012, 2013 and 2014. This will allow taxpayers who are behind on tax filings to save money, as they will only owe any tax and interest due.

KMM rises in BBJ Accounting Firm List

In the list published on February 19 by the Boston Business Journal, KMM ranked as the 24th largest CPA firm in Massachusetts with 57 employees.   This is a rise from its 2015 ranking as the 26th largest firm in the state and a significant jump up in the standings...

Many Tax Extenders Made Permanent

The Consolidated Appropriations Act of 2016 (H.R. 2029), which includes the “Protecting Americans from Tax Hikes (PATH) Act of 2015″ was enacted on 12/18/15. The PATH Act makes permanent many of the long-favored individual and business extenders,...

2015 Tax Planning for Individuals

We are again coming to the end of another year and once again dealing with uncertainty due to many tax extenders that expired at the end of 2014. Will Congress once again extend the extenders? Will it be retroactive back to the beginning of 2015? At this late juncture...

Managing the Operational Challenges of the Tangible Property Regulations

Most taxpayers need to determine how to deal with the new Tangible Property Regulations starting with 2014. Decisions made with the 2014 tax returns will have an impact on 2015 and future years. Implemented properly, these new taxpayer friendly regulations can increase cash flow, reduce taxable income, lower quarterly estimated tax payments, potentially recover prior year taxes paid, and provide audit protection for prior years. The effect can be felt at the state as well as federal level.

"There's no one in Boston who knows the architecture profession like Joe and his team at KMM."

"I wouldn't trust anyone else with my family's business. We call on KMM to discuss every major business decision."

"KMM found an error on my tax return. After we filed an amended return, my business got a huge refund."

"The KMM audit team is the best. We see the same team each year, so they really know my business."