Category: Market Insights

Biden Tax Proposal: Individual Income Tax Implications

On September 13, the House Ways and Means Committee released its initial proposal for tax changes under President Biden’s administration.  The tax bill is designed to raise revenue for Biden’s $3.5 trillion dollar infrastructure package, which aims to support human infrastructure components such as national paid leave programs, extended Medicare, education, and climate policy.  Negotiations […]

Guide to Holiday Tipping

The holidays are traditionally a time to thank those who provide us services throughout the year, but determining who and how much to tip can be confusing. Each of us has a different idea about what constitutes good service and how that service should be recognized. The pandemic has had a significant impact on all aspects of […]

Year End Tax Planning Tips and Strategies

  With the holidays on the horizon, now is the time to plan in order to optimize your tax liability for 2019 and 2020. We encourage our clients to have a discussion with us and their tax accountant now to determine how best to address their current tax situation. While there are no drastic tax law […]

Use Your IRA to Make Charitable Donations

The 2017 tax law nearly doubled the standard deduction and therefore significantly reduced the number of filers who itemize deductions. Retirees may be disappointed to learn they cannot deduct their charitable gifts for income tax purposes this year. Only 8% of filers are expected to take a charitable deduction this year, down from 20% in […]

The Philanthropy Talk: How Do I Do It…and Why Do I Have To

Kylie Ruschioni participated in a panel discussion on the topic of philanthropy. The event, called “The Philanthropy Talk: How Do I Do It…and Why Do I Have To,” was a partnership with The Boston Foundation, The Philanthropic Initiative, Massachusetts Society of CPAs, and the Boston Estate Planning Council. Panelists discussed strategies for speaking with clients about their philanthropic […]

What the New Tax Laws Mean for HNW Individuals

On December 22, 2017, the President signed the Tax Cuts and Jobs Act into law. The enactment marks the largest reform to the U.S. tax system since 1986. The Tax Cuts and Jobs Act has a wide-ranging impact on both individuals and businesses, as well as international tax law. Below is an outline of some of the […]