Our Blog
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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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Now is a Good Time to Check Your Withholding
By Abbott Pratt & Associates
It’s a good time to check your withholding and make changes, if necessary.
If you were listening to the news during tax season you would have heard that the 2019 filing season resulted in surpr
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Tax Savings for Electric Vehicles Purchase
By Abbott Pratt & Associates
While the number of plug-in electric vehicles is still small compared with other cars on the road, it’s growing — especially in certain parts of the country. If you’re interested in purchasing
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