February 2018

Home Equity Loan Interest Still Deductible, According to IRS
Home Equity Loan Interest Still Deductible, According to IRS

Following a surplus of questions from taxpayers and tax professionals alike, the IRS announced last…

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Tax Cuts and Jobs Act Creates Employer Credit for Paid Family and Medical Leave
Tax Cuts and Jobs Act Creates Employer Credit for Paid Family and Medical Leave

Certain employers that pay family and medical leave to their employees may be eligible to…

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Preparing for a First-Time 401k Plan Audit
Preparing for a First-Time 401k Plan Audit

For retirement plan administrators preparing for a first-time audit, much of the process can seem…

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SEC SAB 118 Guidance: Changes in Estimates and GILTI Accounting Policy Choice
SEC SAB 118 Guidance: Changes in Estimates and GILTI Accounting Policy Choice

On December 22, 2017, the SEC staff issued guidance in the form of Staff Accounting…

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Deducting 2017 Property Losses from Your Taxes
Deducting 2017 Property Losses from Your Taxes

Hurricanes, wildfires, tornadoes, floods, earthquakes, winter storms, and other events often cause widespread damage to…

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Dont Delay The Potential Benefits of Starting to Save Now
Don’t Delay: The Potential Benefits of Starting to Save Now

For long-term investment goals such as retirement, time can be one of your biggest advantages.…

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Simplifying SaaS: An Accounting Primer
Simplifying SaaS: An Accounting Primer

The SaaS business model continues to gain broad acceptance. Existing companies that historically sold software…

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MFA is Massachusetts' 12th Largest Accounting Firm
MFA is Massachusetts’ 12th Largest Accounting Firm

We’re pleased to share that MFA ranks 12th on the Boston Business Journal’s 2018 list of the largest…

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Understanding the International Implications of U.S. Tax Reform
Understanding the International Implications of U.S. Tax Reform

On December 22, 2017, President Trump signed broad tax reform legislation into law that will…

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New York City Commercial Rent Tax Law Changes for Small Businesses
New York City Commercial Rent Tax Law Changes for Small Businesses

On December 22, 2017, New York City Mayor Bill de Blasio amended New York City’s…

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