Our Blog

  • Claiming a Tax Deduction for Unreimbursed Educator Expenses

    By Abbott Pratt & Associates

    With the new school year right around the corner, teachers are beginning to get their classrooms ready for the beginning of the school year.  In many cases, educators have to purchases items for the ...

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  • Ouch! Watch Out for the “Kiddie Tax”

    By Abbott Pratt & Associates

    I have always taken a proactive approach when it came to planning for my financial future. After recently passing the one-year mark of parenthood, and seeing my financial plan evolve, I have begun to ...

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  • First Time Penalty Abatement

    By Abbott Pratt & Associates

    Receiving correspondence from the IRS will unnerve anyone, especially correspondence that has assessments for penalty charges included! The IRS realizes, however, that everyone is entitled to make a m...

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  • Deducting a Vehicle Through Your Business

    By Abbott Pratt & Associates

    If you own a small business, you may be able to deduct expenses related to your vehicle. Business use of vehicles can lower your taxable income and save some extra tax dollars. The general rule is yo

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  • Mark Your Calendars — Massachusetts Sales Tax Holiday

    By Abbott Pratt & Associates

    Just a reminder that the Massachusetts Sales Tax Holiday will occur the weekend of August 17th and 18th, 2019.  The holiday allows customers a temporary relief from paying the Massachusetts 6.25

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  • Don’t Forget the Tax Deduction For Your Kid’s Summer Camps This Year!

    By Abbott Pratt & Associates

    The fireworks just went off, Summer is in full swing, which means your children might be headed off to spend some time at a summer camp. There’s no shock that the cost of camp can be a significant

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  • Time For a New Vehicle? Consider All of Your Options Before Donating Your Vehicle to Charity.

    By Abbott Pratt & Associates

    Have you been considering donating your vehicle to a local charity or to one that you have seen or heard about on? It’s important to note that donating a vehicle may not result in a big tax deducti

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  • Small Business Reminder – Important Upcoming Dates for Q3 2019

    By Abbott Pratt & Associates

    Here are some of the key tax-related deadlines affecting businesses and other employers during the third quarter of 2019. Keep in mind that this list isn’t all-inclusive, so there may be additional

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  • Thinking About Moving to Another State? Don’t Forget About Taxes.

    By Abbott Pratt & Associates

    This week we were meeting with a client who recently changed his residency and left New England to settle down in the Sunshine State. Like our client, a change of residency may be a common discussion

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  • Selling Your Home? Consider These Tax Implications.

    By Abbott Pratt & Associates

    Most consider spring and summer to be the optimum seasons for selling a home. And interest rates are currently attractive, so buyers may be out in full force in your area. During a recent conversatio

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