Tax Consulting & Compliance

Tax-Related ACA Provisions Refresher

Now that the bill to repeal and replace the Affordable Care Act (ACA) has been at least temporarily withdrawn and it’s uncertain whether there will be any other health care reform legislation this year, it’s a good time to review some of the tax-related ACA provisions affecting businesses: ...

Will the IRS Consider Your Business a “Hobby”?

Hobby Tax

If you run a business “on the side” and derive most of your income from another source (whether from another business you own, employment or investments), you may face a peculiar risk: Under certain circumstances, this on-the-side business might not be a business at all in the eyes of the...

Strange notice from the MA Dept. of Revenue?

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Have you received a strange notice from the MA Dept. of Revenue? Please note that a number of taxpayers have received incorrect notices from the Massachusetts DOR. We have been in contact with the MA Society of CPA’s and they are aware of the issue and have been...

Captive Insurance – Three Recent Developments to Watch

Injury report form with a yellow hard hat and ear muffs on top of a yellow high visibility vest.

In recent years, captive insurance companies have been attracting more and more attention in the construction industry. A number of companies have expressed interest in both the risk management advantages and potential tax benefits of forming a captive. If you are considering forming a captive insurance company, or if your...

The R&D Tax Credit: IT’S NOT just ROCKET SCIENCE!

Rocket Science crp

- by David Lichtenstein, CPA, MST You know that guy, right? The one who always manages to blurt out “It’s not rocket science!”, when you are struggling to figure something out. Don’t be that guy. Don’t be that guy who loves to state the obvious. I mean really, does anyone...

Amazon Makes Friends With the RI Division of Taxation

Online Shopping

Just what is use tax? -by David Lichtenstein. CPA, MST You know that silly question that your accountant asks you every year about out-of-state or online purchases that you made, which may be subject to Rhode Island use tax? Cue the sound of crickets chirping. Well, let me briefly and...

Introducing Sir-Tax

Dave L

THIS JUST IN: RHODE ISLAND CPA DAVID LICHTENSTEIN HAS EPIPHANY: STARTS TAX BLOG (SIR-TAX) DURING TAX SEASON! The Five Most Common New Year's Resolutions: • Exercise (I personally like to add a few pounds to keep warm in the winter.) • Eat healthy (Doesn't pizza contain all the major...