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New Partnership Rules Streamlined Audit Process (Not Necessarily a Good Thing)

Jan 11, 2018

Tax year 2018 begins a new regime of partnership audit rules, casting off the old TEFRA regime of small and large partnerships in favor of a streamlined audit process.  While this may sound like the type of mind-numbingly technical issue to be ignored, it really isn’t.  Due to some harsh changes in the audit process, […]

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New year, new tax brackets. Here’s where you stand

Jan 4, 2018

It’s now 2018, and a raft of changes to the tax code are in effect – including updates to income tax brackets. The Tax Cuts and Jobs Act, signed into law by President Donald Trump in December, maintains the same seven-bracket structure that was in force previously. However, Congress has tweaked the rates and the […]

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2017 Tax Cuts and Jobs Act Bill

Dec 20, 2017

On Friday December 15th Congress blessed the American taxpayers with a tax bill reconciled from two similar, yet distinctly different, bills passed separately in the House and Senate.  The reconciled draft legislation was passed by the Senate on Tuesday, December 19th, with the House (re)vote expected shortly thereafter. The reconciled tax bill will constitute the […]

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Paresky Flitt & Company, LLP to Open Shrewsbury Office

Dec 6, 2017

Wayland, MA — Paresky Flitt & Company, LLP of Wayland, MA, a prominent business tax and accounting practice, today announced plans to expand its business with the opening of a second office in Shrewsbury, Massachusetts.  Located at 352 Boston Turnpike in Shrewsbury, Paresky Flitt will occupy offices on the 1st floor which will initially accommodate […]

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Update: State of Federal Tax Reform

Dec 4, 2017

The senate narrowly passed its version of the tax reform in the early hours of Saturday morning. There were numerous last minute adjustments that differed from the initial draft bill, as well as the house bill. Because of the numerous differences between the house and senate bills, the legislation must now go to a joint […]

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“It’s great that Lee’s willing to speak up and tell us we ought to do things different. Our previous CPA firm didn’t do that. It’s much better to have someone more engaged....
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Bert Tighe
TI-Sales, Inc.