IRS Releases Guidance on Form 1099-K, FS-2024-7; IR-2024-5
The IRS has released guidance to help taxpayers understand what to do with Form 1099-K. Responding to feedback from taxpayers, tax professionals and payment processors, the agency had announced b...
CT - Taxpayer’s petition challenging valuation was timely filed
For Connecticut property tax purposes, the trial court erred in determining that it lacked subject matter jurisdiction over the taxpayer’s appeal on the basis that the taxpayer’s petition to the t...
HI - House, senate advance bills to update IRC conformity
The Hawaii House of Representatives and Senate approved identical, companion bills introduced in their own chambers that would update Hawaii’s Internal Revenue Code tie-in date for computing corpora...
ME - Internal revenue code conformity
Maine enacted legislation updating its Internal Revenue Code conformity date to December 31, 2023 for tax years beginning on or after January 1, 2023. This means that all references to the Internal Re...
NH - Education tax credit scholarship amounts updated
New Hampshire has provided annual guidance for the credit for donations to scholarship organizations that may be claimed against the business profits tax and the business enterprise tax. The allowable...
RI - Tax filing and payment deadlines extended
Rhode Island has announced that it has extended the deadlines for taxpayers to file returns and pay tax due on April 15, 2024 to July 15, 2024. Taxpayers do not need to file any additional forms or ot...
VT - Guidance on current use program, property tax bill updated
Vermont has updated its publication providing guidance on the property tax Current Use Program, also known as the Use Value Appraisal Program. The program allows the assessed value for a property to b...
Our firm is structured to personally serve smaller and medium-sized clients, which often have as great a need for management consulting and tax services as they do for accounting and auditing services. YS deals almost exclusively with closely held businesses and family businesses, primarily with consulting, non-profits, technology, manufacturing, wholesale, distribution, franchise, service, real estate, construction sectors and employee benefit plans.
The clients we serve are primarily in the New England area. Our employees, besides being members of the Massachusetts Society of CPA's and the American Institute of Certified Public Accountants, also have access to other research and resources as necessary to service you. This enables us to have access to additional support related to keeping current with all accounting requirements.
As many companies deal with increasing costs of overhead expenses, YS will provide you with efficient services that are very cost effective. Out team will provide consistent performance and meet your deadlines. To be effective, we must be responsive to your needs; therefore, everyone in the firm is accessible to meet your demands.
Because of our size and our structure, our goal is to have the client-accounting relationship revolve around our partners. The partners are accessible, and clients can afford to speak with them. YS's goal is to become an extension of our clients’ management team. This involvement assures that we fully understand your business and your objectives and, consequently, are better able to counsel you.
Each client is assigned two or three professionals. This provides all of our clients the ability to reach someone at any time that understands their needs and can answer any questions. This team approach has been one of the firm's keys to success. This philosophy separates us from most other CPA firms, big and small.