In October 2025, Massachusetts will enact a groundbreaking set of pay transparency rules aimed at creating a fairer and more equitable workplace across all sectors. These rules are a significant leap toward addressing pay inequalities and ensuring that employees receive fair compensation based on their work and qualifications rather than their negotiating skills or other… Read more »
Attention all nonprofit organizations! We have exciting news regarding recent legislative changes that may impact your financial reporting requirements. Massachusetts has passed a bill to raise the thresholds for mandatory financial statement reviews and audits for nonprofits – and these changes are effective immediately. As your trusted finance consulting firm, we’re here to walk you… Read more »
As a business leader, you’re likely accustomed to wearing many hats. Companies are increasingly turning to outsourcing for their finance and accounting needs. This strategic move allows businesses to focus on their core competencies while leveraging the expertise of specialized service providers to support and manage their financial operations. Outsourcing your finance department encompasses a… Read more »
QuickBooks Desktop users, some significant changes are coming your way this July. Intuit, the company behind QuickBooks, has announced alterations that will impact how users subscribe to and access QuickBooks Desktop. Understanding these changes is crucial to ensure a smooth transition if you rely on this software for your business or organization. Here’s what you… Read more »
We’d like to share some important news regarding regulatory changes affecting our for profit clients. What is the Federal Corporate Transparency Act? Starting in January 2024, the Treasury’s Financial Crimes Enforcement Network implemented the Federal Corporate Transparency Act, which requires businesses with fewer than 20 employees to provide ownership information. This change aims to strengthen… Read more »
Each year, the Internal Revenue Service (IRS) evaluates the contribution limits for tax-advantaged savings plans. Increased cost of living, as measured by inflation, is the key factor in determining whether contribution limits will increase. With the inflation rate at 8.2% in the prior 12 months that ended September 2022, it’s no surprise that annual contributions… Read more »
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