The Commonwealth of Massachusetts has made grant funds of $50.8 million available to support small businesses that have been adversely impacted by COVID-19. The application deadline is November 12th at noon. There are two aspects of the program. The first is a Small Business Grant for companies with 5 or fewer employees. This grant provides up […]
Updates on your PPP loan
There have been a lot of changes since our initial blog on the PPP loan posted on April 2nd, so we wanted to give you a quick comparison of where we were originally vs. where we are now. In case you don’t recall, initially you were required to spend 75% of your loan proceeds on […]
All you need to know about the Coronavirus Aid, Relief, and Economic Security (CARES) Act for small businesses
Coronavirus Aid, Relief, and Economic Security (CARES) Act: We realize there is an abundance of information available online regarding all of the federal relief programs that the government recently passed due to the coronavirus pandemic and we thought it would be best to provide a summary in hopes to simplify the information for clients and […]
Section 199A Safe Harbor Rules for Rental Properties
We have seen a growing number of clients invest in the real estate market. With the passing of the Tax Cuts and Jobs Act, some of these rental properties have been eligible to claim a 20% deduction based on their net profit. However, not all rental properties are eligible for this new tax deduction. For […]
Section 199A: How much do you know about the 20% deduction and do you qualify?
One of the largest changes of the Tax Cuts and Jobs Act is the Section 199A deduction. This new section allows taxpayers to deduct 20% of his or her Qualified Business Income (QBI) from passthrough entities. However, not all taxpayers will maximize their benefit or benefit at all from this new deduction, which is why […]
Client Spotlight – Victor Divine
Client Spotlight – Victor Divine Victor Divine is one of the most passionate real estate agents we know. We’d be doing a disservice to our network by not introducing you to him. Below is a little insight into a man we’ve come to know and grown to love. Why real estate? Growing up I was always […]
Client Spotlight – Paul’s Diner
Client Spotlight – Paul’s Diner Sal Buonacore had always dreamed of owning his own restaurant. What he did not know, was that dream would eventually become a reality. With the loving support from his wife of 21 years, Tricia, and his three children, Marley, Camryn, and Vincent, Sal took the leap from an employee […]
Client Spotlight – ePropertyCare
Client Spotlight – ePropertyCare Learn about how ePropertyCare shares in our philosophy of avoiding costly mistakes by being proactive. While Huntington Tax Partners is proactive for all of your tax needs, ePropertyCare is proactive for all of your home and rental properties’ needs. ePropertyCare offers a variety of services for helping busy homeowners and landlords […]
Avidia’s Final Installment of Real Tax Smarts (Part IV)
Angela sheds some light on the benefits of hiring a CPA vs. self preparing in the last of this Avidia blog series. Check out the full article here: Avidia Bank Part IV
Real Tax Smarts Part III
In the third installment of Avidia Bank’s series, Angela discusses the major impacts of President Trump’s Tax Cuts and Jobs Act on businesses. The discussion includes the 20% deduction, and the reduced corporate income tax rates. Click here to read more!