Many people may have heard of offshore banking, but fewer individuals know the specific details of this type of foreign account. In fact, very few people even realize that there are numerous legitimate reasons to have an offshore bank account. If you are considering...
Month: November 2020
Massachusetts: New laws that affect your wallet in 2021
The year 2021 brings plenty of change to the "Old Bay State." From the new minimum wage to changes on state income tax, and much more, we'll highlight them here. Massachusetts minimum wage changes in 2021 The minimum wage is now $13.50 per hour for most employees and...
Why is my home based business being audited?
Throughout the unprecedented events of 2020, many individuals found themselves unexpectedly working from home. For some, it is a stepping stone to a permanent business transition while for others it is simply out of necessity. With the tax season in full swing, many...
Offer in compromise may help struggling taxpayers
Not being able to pay a bill can easily trigger a panic response in any Massachusetts resident. For some individuals, the bill that they cannot pay is their tax obligation, and unfortunately, this could lead to serious issues with the Internal Revenue Service. If a...