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... read more

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.

read more

Apps for Business Owners

Small business owners wear many hats so it can be difficult to juggle the details required to keep everything running smoothly. Daily tasks can be time consuming if you don’t have the right tools at your fingertips. Put your smartphone or tablet to work for your business by trying one of the following apps leaving you time to focus on the priorities of your company.

read more

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... read more

Personal Casualty Loss – Federally Declared Disaster Area

There were 43 Federally declared disasters across the country in calendar year 2015. Taxpayers who have sustained a disaster loss in 2015 may under certain circumstances elect to deduct the loss in current year 2015 or, in the immediately preceding year 2014. The... read more

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,... read more