CT - Change in withholding requirements for nonpayroll amounts
Effective January 1, 2025, payers of nonpayroll amounts are no longer required to withhold Connecticut personal income tax from certain retirement income distributions. Payers of nonpayroll amounts ar...
FL - Interest rates for first half of 2025 announced
The floating interest rate applicable to taxes administered by the Florida Department of Revenue on underpayments (deficiencies) and late payments for January 1, 2025, through June 30, 2025, is 12%. I...
ME - Certain services exempt from provider tax in 2025
Maine Revenue Services reminders taxpayer that starting in 2025, the following services are exempt from service provider tax:private nonmedical institution services;community support services for pers...
MA - Guidance updated to explain how to submit an amnesty request
Massachusetts has updated previously issued guidance on the state's tax amnesty program to explain how to submit an application for amnesty. The amnesty period began on November 1, 2024, and will end ...
NH - Meals and rentals tax regulations amended, renumbered
The New Hampshire Department of Revenue Administration has amended, renumbered, and readopted regulations concering meals, catering, and food products: hotels and accomodations; services; and procedur...
NY - Issuance of notice and demand was improper
In a New York case involving a petitioner whose husband pleaded guilty following a criminal tax indictment, it was improper for the Department of Taxation and Finance to issue a notice and demand to t...
RI - Inflation-adjusted amounts set for tax year 2025
Rhode Island has released the personal income tax rate schedules, the tax rate schedules for trusts and estates, standard deduction amounts, and personal exemption amounts for the 2025 tax year. Addit...
VT - Local option rates announced for berlin
Vermont announced that the municipality of Berlin will have a 1% local option sales tax, as well as a 1% local option meals and rooms tax and alcoholic beverage tax, effective beginning January 1, 202...
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.