West Springfield, MA

Accounting Firm West Springfield, MA 01089

Certified Public Accountants near me in West Springfield, MA 01089

Since 1948, Meyers Brothers Kalicka, P.C. has been providing top-quality accounting, auditing, taxation and recruiting services to individuals and businesses throughout Western Massachusetts. In that time, we have built a reputation for excellence and responsiveness, delivering the high- quality results our clients expect and deserve. Our team of experienced CPAs and financial professionals takes a personal interest in each client's success, working closely with them to develop creative solutions that achieve their goals. From small businesses to large corporations, we have the knowledge and experience to help our clients grow and prosper. Whether you're looking for assistance with your personal taxes or need comprehensive financial planning for your business, MBK is here to help. Contact us today to learn more about how we can serve you.

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West Springfield

Contact Meyers Brothers Kalicka, P.C.

Call us at (413) 536-8510

West Springfield, MA CPA Services

With decades of experience serving clients in West Springfield and across Western Massachusetts, our services include accounting, auditing, taxation and more. Learn more about our full range of services:

Latest Accounting Insights for West Springfield, 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).