June 14th, 2021 • Blog
Jim Moran, CPA, MST
On April 28, 2021, the Biden Administration released its FY 2022 revenue proposals. Along with raising the corporate tax rate to 28% and the top individual rate to 39.6%, there are also widespread proposed changes to the capital gains tax rate and estate tax.
Under current federal law upon death, property...
continue reading
read post
April 26th, 2021 • Blog
Scott C. McIntire, CPA
Are you a government that opted to defer implementation of Governmental Accounting Standards Board Statement (GASB) 84, Fiduciary Activities? You may still have work to do! GASB 84 establishes Custodial Funds and eliminates Agency Funds, among other things, which may change your December 31, 2020 or June 30, 2021 financial...
continue reading
read post
On March 11, 2021, President Biden signed the American Rescue Plan Act of 2021 (ARP). President Biden’s $1.9 trillion COVID-19 relief package is aimed at stabilizing the economy, providing needed relief to individuals, small businesses, and improving and accelerating the administration of coronavirus vaccines and testing. The relief package, which...
continue reading
read post
February 22nd, 2021 • Blog
Jim Moran, CPA, MST
The Consolidated Appropriations Act, 2021, which was signed into law on December 27, 2020, extended the December 31, 2020 expiration date of the Employee Retention Credit (the Credit) to July 1, 2021. This credit is applied dollar-for-dollar against an employer’s quarterly payroll tax liability and any excess is refundable to...
continue reading
read post
January 19th, 2021 • Blog
Amila Hadzic
On December 27, 2020, the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act was signed into law to assist businesses who have been financially impacted by the COVID-19 pandemic. As a result of the Economic Aid Act, the Paycheck Protection Program Second Draw Loans program was created. The...
continue reading
read post
January 8th, 2021 • Blog
Donna A. Yetter, CPA, CES
Have you ever said to yourself: "I feel like I should be asking my accountant more, but I am not quite sure what to ask?"
As accountants, we are here for you as more than just tax preparers who help you keep the IRS at bay. We are advisors, and as...
continue reading
read post
Sign Up for Our Newsletter
Want to keep up-to-date on what's happening at Melanson and in the accounting world? Our newsletter offers tips and tricks for planning and preparation all year long.
Learn More About Melanson
As a privately-held regional public accounting firm, Melanson is committed to serving the greater New England area.
About Melanson
