Estate Planning, Paper Checks, and more

Meet Our Firm

Brian Moss, Senior Associate

Brian has been with the firm for 3.5 years and graduated from Western New England University in December 2022. Earlier this year, he passed his final section of the CPA exam—an achievement that marks a major milestone in his career. He’s now focused on completing the remaining steps to obtain his CPA license.

Want to be CEO? Start by dismantling your ego

When asked, 88% of Americans will say they’re above average drivers. In the ability to get along with others, 25% of students rate themselves in the top 1%. When couples are asked to estimate their individual contributions to household work, the combined total routinely exceeds 100%. These are all statistical impossibilities. They’re also great examples of how we’re predisposed to overrate our abilities and contributions. (more)

What Is Job Onboarding and Why Is It Important?

Job onboarding is the structured process that helps new employees adjust to their roles and the company culture. It provides vital tools and information, which can lead to higher retention rates and improved performance. Effective onboarding not just boosts productivity but additionally cultivates connections within the team, eventually reducing turnover costs. (more)

Protect Your Family's Future: Avoid These 12 Common Estate Planning Mistakes

Estate planning mistakes can derail your plans to protect your family's financial future. Learning the basics of estate planning benefits everyone — it's about empowering the people you trust the most to handle your medical, financial and legal affairs if, or when, you can't. Learning the basics empowers the people you trust to handle your medical, financial, and legal affairs if you become unable to. Having a comprehensive estate plan will also spare your heirs the pain and expense of determining how to allocate your money and property while they’re sad and grieving. (more)

Tips on Electronic Payment Options Available to Taxpayers as the IRS Phases Out Paper Checks

In response to Executive Order 14247, “Modernizing Payments to and From America’s Bank Account,” the IRS is making a swift transition away from sending or receiving paper checks. For the most part, the IRS will stop issuing tax refunds in the form of paper checks after September 30, 2025. IRS is also taking steps to require that taxpayers make all payments to the IRS electronically. However, it is anticipated that the electronic payments requirement will not occur until 2027. (more)

October 15 Tax Deadline: Why it Matters for US Expats

If you’re a US expat who filed for a tax extension earlier this year using Form 4868, the tax filing deadline October 15 is your final opportunity to submit your 2024 return on time. This is also the last official day to e-file before the IRS shuts down e-filing for the year. And don’t forget, the FBAR is also due on the same day, even if you’re not required to file a US tax return. Missing the October 15 tax deadline can lead to penalties, interest charges, and missed opportunities to claim valuable exclusions, credits, or refunds. (more)

Interest Expense Limitations: What Your Business Needs to Know About IRC 163J with Estefania Cabrera

When I work with business clients, one of the tax provisions that often catches them by surprise is IRC Section 163J. It’s not a flashy topic, but understanding it can significantly impact your bottom line. This rule was expanded under the Tax Cuts and Jobs Act of 2017 and now applies to a broad range of U.S. businesses, not just foreign-owned subsidiaries. Its intention is twofold: to help pay for the TCJA and to encourage companies to consider equity over debt financing. Here’s the core of it—IRC 163J limits the amount of business interest expense you can deduct to 30% of your adjusted taxable income (ATI), plus your total business interest income. (more)

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