Insights

Accounting hasn’t always been an open profession for women. For much of the 19th and early 20th centuries, women were excluded from formal financial roles, limited by both law and bias. Today, barriers are being broken and women are leading the way.

As year-end approaches, employers must ensure payroll is accurate for tax reporting. W-2s are due 1/31, so it’s crucial to review compensation and properly report all benefits, including fringe benefits.

The OBBBA contains more than 110 tax provisions. Most are effective beginning in 2026. However, a number of important provisions are effective in 2025.

For a fourth year, team MBK donated school supplies to United Way of Pioneer Valley's Stuff the Bus campaign.

Cryptocurrency donations to nonprofits have become more common, so has the need for clear and consistent accounting standards.

Tax Tip: Using a donor-advised fund (DAF) is worth considering if charitable giving is high on your estate planning objectives. What’s the main attraction? Among other things, a DAF can give you greater control over your charitable endeavors than direct donations.

Congratulations to the team for their dedication on sorting, organizing, and packaging 3,500 pounds of food for the Food Bank of Western Massachusetts Warehouse.

Accepting every donation may not always serve the nonprofit's best interest. Gifts from donors involved in illegal, unethical or controversial activities can potentially expose organizations to embarrassment and reputational damage.