MBK Day of Service
July 10, 2015
MBK had fun participating in this year’s MSCPA Day of Service! We had accountants working all over Western MA to support organizations such as Habitat for Humanity, the YWCA, the Ronald McDonald House and the Mental Health Association!
Check out some of the action below!
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Tax Tip: Tax credits are more valuable than a tax deduction, however they are not unlimited. The general business credit can limit the aggregate value of tax credits.
Tax returns are due but once a year. However, paying taxes — through withholding from taxpayer wages, estimated tax payments, or both — is a year-round activity. That’s why it’s a good idea for taxpayers to review their tax payments regularly throughout the year to ensure they’re as accurate as possible.
As of November 2024, for Non-Profits operating in Massachusetts there are new audit and review thresholds to keep an eye on at a state and federal level.
