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Everyone hates taxes. Some states, such as Massachusetts, have higher taxes than others. While it’s easy to resent living in “Taxachusetts” for that reason, you need to look on the bright side. We have the best education and healthcare system in the country. Naturally, both of these benefit from taxation. Even better, when you talk […]

Posted on September 21, 2018 in accountant MA, Armen G. Derderian CPA M. Tax CGMA, CPA, CPA MA

There is a good chance in your life that you’ve heard people discuss travel expenses. Travel expenses can mean a lot of things depending on the context. For example, a family vacation from Massachusetts to Florida requires paying for your flight. However, most often travel expenses refers to business travel and tax write-offs. Only certain […]

Filing taxes can be a monotonous and mind-boggling task if you aren’t familiar with certain terminologies. One term frequently associated with filing taxes is “tax write-off.” A tax write-off and tax deduction are interchangeable terms. Both mean expenses, typically business expenses, which you accrue throughout the year that attribute to making your business running. These […]

Chances are throughout your life, you’ve heard the advice to keep your receipts. This advice is especially true for those who are self-employed or run a small business. With all the craziness that comes with running a business, you can quickly lose track of things. Still, it’s important to keep accurate records come tax time. […]

Most people think that the IRS has the final say on all matters surrounding taxation. While this is true, taxpayers have the opportunity to litigate any issues they believe the IRS made. Yet tax issues are more likely to arise when you file on your own. This is why it’s important to contact your local […]