Amherst, MA

Accounting Firm Amherst, MA 01002

Certified Public Accountants near Amherst, MA 01002

Meyers Brothers Kalicka, P.C. is a leading CPA firm serving Amherst, MA and the surrounding community since 1948. MBK services go beyond accounting, auditing, taxation and financial planning to include proactive business strategy for organizations throughout Amherst, MA.

The Town of Amherst, MA, is located in the Pioneer Valley of Western Massachusetts and is home to around 35,000 residents. Amherst, MA is at the center of a vibrant academic community and is home to three colleges including Amherst College, Hampshire College and the University of Massachusetts.

Are you located near Amherst, MA and have a question? We’re here to help.
Send us a message and we’ll be in touch.

Contact Meyers Brothers Kalicka, P.C.

Call us at (413) 536-8510

Amherst, MA CPA Services

With decades of experience serving clients in Amherst, MA and communities throughout the Pioneer Valley, our services include accounting, auditing, taxation and more. Learn more about our full range of services:

Latest Industry Insights for Amherst, MA

The Benefits of Cost Allocation

By Sarah Rose Stack • 22 Apr, 2024

Cost allocation can be a cumbersome task for nonprofits, especially organizations with many activities. However, the process is critical for multiple reasons, and it’s worth reviewing cost allocation practices regularly to ensure they’re working as intended. This article covers the reasons to make allocations and the various methods used.

SECURE 2.0 opportunities : Take advantage of 2024 and 2025 updates

By Sarah Rose Stack • 15 Apr, 2024

President Biden signed the Setting Every Community Up for Retirement Enhancement (SECURE) 2.0 Act into law in late 2022, but much of the wide-reaching retirement legislation is being phased in over time. There are some significant changes in 2024 and 2025 that may help nonprofit employers recruit and retain employees. This article presents what organizations need to know. A brief sidebar looks at how SECURE 2.0 boosts the advantages of qualified charitable distributions (QCDs), possibly leading to larger gifts for nonprofits.

Bad Debt Deductions

By Sarah Rose Stack • 15 Apr, 2024

The tax code allows an individual to claim a deduction for business debts that have become worthless. But qualifying for the deduction may be more complicated than one would think. In a recent case, the IRS denied more than $17 million in bad debt deductions on the grounds that the advances in question represented equity rather than debt, hitting the taxpayer with millions of dollars in taxes and penalties. This article recounts the U.S. Tax Court case Allen v. Commissioner. Allen v. Commissioner (T.C. Memo 2023-86).