Insights
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Insights


For private foundations with art collections or those anticipating receipt of artwork, valuation, donation and preservation are key areas of consideration. In this article, we aim to provide some of the more relevant considerations for private foundations with respect to artwork.

Beginning in 2023, taxable income over $1 million on any Massachusetts income tax return will be taxed an additional 4% on top of the State’s current income tax (which is 5% for all income except short-term capital gains which are taxed at 12%).

Whether your business is a growing or well-established manufacturer, distributor, or retail operation, if you were to ask the owners, management or head of operations what keeps them up at night, odds are that they will respond with something involving inventory and their goal of properly managing it.