Anstiss & Co. News
Nov 22, 2011
EVANSTON, Ill., Sep 30, 2011 -- Fidus Investment Corporation (NASDAQ “FDUS”) appointed Raymond L. Anstiss, Jr. to serve as an independent director, effective September 29, 2011.
[More]
Nov 22, 2011
Under the Pension Protection Act of 2006, all exempt organizations, even those considered small ($50,000 or less in gross receipts beginning in 2010, $25,000 or less prior to 2010), have been required to file an annual information return beginning in 2007.
[More]
Nov 22, 2011
If you've reached age 70 ½ and are charitably-inclined, there are some little-known tax rules surrounding charitable distributions from individual retirement accounts (IRAs – excluding SEP and SIMPLE IRAs).
[More]
Aug 15, 2011
Anstiss & Co. has enjoyed much growth and success over the years, for which we are very grateful. We also think it is important for us to do something for the people who work so hard, every day, to make it possible for our company to be consistently ranked in the top 45 accounting firms in Massachusetts. All work and no play – you get the idea.
[More]
Aug 15, 2011
It’s true! The Financial Accounting Standards Board (FASB) released their “exposure draft” requiring companies to record leases on their balance sheets as a “right to use” asset and a corresponding liability. The value of these assets and liabilities would be based on several estimates such as lease term, payments, present value calculations, etc., and these estimates would require periodic assessment.
[More]
Aug 15, 2011
A recent article by Michelle Michalowski, CPA, called “New Form 990: What’s Confusing Filers?” published in the AICPA’s The Tax Adviser, noted that there were filing errors in approximately 1% of the returns filed for 2010, including incomplete returns. The IRS considers an incomplete return as a return filed late. Late returns incur penalties.
[More]
Jun 30, 2011
In an environment where the federal and state governments are looking to cover budget shortfalls, the IRS and many states are looking at worker misclassification. Recently, the IRS started an audit program to look for violations in classification which could lead to steep withholding tax liabilities and penalties.
[More]
Jun 30, 2011
The American Institute of Certified Public Accountants (AICPA) held its annual National Not-For-Profit Industry Conference in Washington, D.C. from June 8 through June 10, 2011.
[More]
Jun 30, 2011
On June 17, 2011, the Massachusetts Society of Certified Public Accountants (MSCPA) held its first annual CPA Day of Service, offering CPAs an opportunity to volunteer and make a positive impact in their community.
[More]
May 18, 2011
The decision whether to start receiving Social Security benefits at age 62 or wait until later needs to be weighed carefully as the amount of your Social Security benefits will be affected by when you choose to start receiving them.
[More]
May 18, 2011
The Comprehensive 1099 Taxpayer Protection and Repayment of Exchange Subsidy Overpayments Act of 2011 repeals the expanded 1099 reporting requirements which were to take effect in 2011 and 2012.
[More]
May 18, 2011
Do you have a financial interest in or signature authority over a foreign financial account? If so, you may need to file the Report of Foreign Bank and Financial Accounts - Form TD F 90-22.1 (the "FBAR") by June 30.
[More]
Apr 6, 2011
Was Converting A Traditional IRA To A Roth IRA in 2010 The Right Decision? There Is Still Time To Decide. Taxpayers who converted a traditional IRA to a Roth IRA in 2010 have two options for reporting the related income on their tax returns...
[More]
Apr 6, 2011
With the IRS’ push for transparency, Not-for-Profit Organizations (NPOs) are required to make their annual filings and governing documents open to public inspection. Sometimes that happens without the organization even being aware of it.
[More]
Apr 6, 2011
Are you experiencing sales growth and considering expansion in the near future? Are you struggling to meet the minimum cash flow needs to stay in business? If either of these situations applies to your business, you may be considering borrowing additional funds to meet the needs of your business.
[More]
Feb 24, 2011
Several tax laws passed in 2009 and 2010 allow for a 100% deduction for certain newly-installed equipment and leasehold improvements. To find out if this law can impact your tax filing, read more.
[More]
Feb 24, 2011
As an executive or benefactor of a not-for-profit organization, it is important to keep the responsibilities and goals of your Board of Directors in mind. Here is a checklist of responsibilities for the Board, and some IRS good governance parameters.
[More]
Jan 19, 2011
Listeners of Lowell’s 980 WCAP may have heard our new 30-second ad that has been airing since December. We have also been featured experts on Business Lunch with the Greater Lowell Chamber of Commerce, providing tax advice to WCAP's audience.
[More]
Jan 19, 2011
Many small employers qualify for a substantial tax credit as a result of the 2010 Patient Protection and Affordable Care Act. You may be able to claim a credit on health insurance premiums paid on behalf of your employees.
[More]
Jan 19, 2011
Do you manage or serve on the board of a non-profit? Are you receiving federal funding either directly or passed-through a state agency? Do you have a 401(k) or 403(b) employee benefits plan?
[More]
Dec 23, 2010
Recently passed legislation has extended a number of tax breaks that may impact your income, lifestyle, business or estate. Consult your accounting professional before altering your financial plan.
[More]
Dec 23, 2010
Each year Anstiss & Co., P.C. staff members attend the AICPA National Not-for-Profit conference held in Washington, D.C. to stay abreast on current trends and changing regulations.
[More]
Dec 23, 2010
The Anstiss partners, directors and employees would like to welcome four new members to our staff.
[More]
Nov 4, 2010
As a result of continued growth in both client and employee numbers, Anstiss & Co., P.C., will be relocating to a larger office space in the Drum Hill area of Lowell, Massachusetts.
[More]
Nov 4, 2010
The Anstiss partners, directors and employees would like to welcome Toby J. Gruntkosky and Diane West to our audit and tax staff
[More]
Oct 20, 2010
Anstiss & Co., P.C. is pleased to announce the promotions of four employees to the position of Director. Each of the newly promoted staff members belongs to the Massachusetts Society of Certified Public Accountants, as well as the American Institution of Certified Public Accountants.
[More]
