2025 Standard Mileage Rates Released (Notice 2025-5; IR-2024-312)
The IRS released the optional standard mileage rates for 2025. Most taxpayers may use these rates to compute deductible costs of operating vehicles for:business,medical, andcharitable purposesSome mem...
IRS Reminds Taxpayers of Disaster Deadlines (IR-2025-1)
The IRS reminded disaster-area taxpayers that they have until February 3, 2025, to file their 2023 returns, in the entire states of Louisiana and Vermont, all of Puerto Rico and the Virgin Islands and...
CT - Guidance issued on assessments refunded by CIGA
Connecticut has issued an annual announcement to notify specific insurers that are members of the Connecticut Insurance Guaranty Association (CIGA) that on or before February 20, 2025, the member insu...
FL - Motor vehicle sales tax rates by state issued
Florida has issued motor vehicle sales tax rates by state as of January 15, 2025. Florida law allows a partial sales and use tax exemption on a motor vehicle purchased by a resident of another state. ...
ME - Cigarette tax increase included in biennial budget proposal
Maine's cigarette excise tax would increase by $1.00 per pack, making the tax $3.00 on a pack, under Governor Mills' biennial budget proposal. The last time Maine raised cigarette excise taxes was in ...
MA - Charitable contribution deduction rule updated
Massachusetts has updated the rule on charitable contribution deductions for income taxes. The rule explains the deduction allowed for certain charitable contributions against Part B adjusted gross in...
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.