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...
FL - Solid mineral tax rates for 2024 announced
Florida has released the severance tax rates on the production of heavy minerals and other solid minerals for 2024. From January 1, 2024, through December 31, 2024, the tax rate for phosphate rock pro...
GA - Local rate chart released for Q2 of 2024
The Georgia Department of Revenue has released a local sales and use tax rate chart for the quarter beginning April 1, 2024. Georgia Sales and Use Tax Rate Chart, Georgia Department of Revenue, March ...
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 - Income tax withholding FAQ updated
The state of Maine has updated its list of frequently asked questions about income tax withholding to make technical changes. Income Tax Withholding FAQ, Maine Revenue Services, April 3, 2024...
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...
NY - Appeal denied for failure to raise triable issue of fact
For New York property tax purposes, the Appellate Division affirmed the Supreme Court’s decision because the taxpayer failed to raise a triable issue of fact in opposition. The taxpayer had purchase...
RI - Online filing required beginning first quarter 2024
The Rhode Island Department of Revenue Division of Taxation has informed International Fuel Tax Agreement (IFTA) filers that it will no longer mail forms and that all filers must file electronically b...
VT - Updated guidance issued on homestead declaration
Vermont has issued updated guidance on the homestead declaration for property tax purposes. Property owners whose homes meet the "homestead" definition must file a Homestead Declaration annually by th...
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.