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Abbott Pratt Tax Talks: Non-Cash Charitable Contributions

Going through the rooms of our house for our family’s upcoming move, my wife and I were constantly debating whether or not we would keep or purge our accrued belongings.

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Essential Tax Strategies for Year 1 of Operations

Classify the money you put in the business as owner loans, NOT as equity By classifying the funds as loans, you are giving yourself the ability to repay once the

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Is Massachusetts DUA Charging You Monthly?

Here's why the Massachusetts Department of Unemployment Assistance might now be charging you monthly. If you have an employee covered by MA health, employers are now responsible to pay up

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Can I Still Deduct Food & Drink?

Recently, the IRS answered the question on many business owners’ minds: Can businesses still generally deduct 50% of the food and drink expenses related to operating their business? The answer,

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