Massachusetts continues to be active in the state tax space.
With the increase of organizations returning to in-person fundraising galas and benefit events, it is a good time for a reminder on self-dealing directives that should be considered prior to attending these events
…Regular deprecation is calculated evenly over a number of years fixed by law for the particular type of item. There are no limits or phase-outs when taking regular deprecation. The option to elect the de minimis safe harbor is also still available to businesses for…
The Financial Accounting Standards Board (FASB) initially issued Accounting Standards Update (ASU) No. 2016-02 on Leases (Topic 842) over six years ago in an effort to increase transparency and bring consistency in the treatment of operating and finance leases.