Insights

For a fifth year, the team at Meyers Brothers Kalicka, P.C. joined United Way of Pioneer Valley to gather school and classroom supplies for children and teachers.

Congratulations to the all our staff who celebrated work anniversaries in Q2!

Nearing or entering retirement? Consider these tax and financial planning factors for your future income.

Tax Tip: Is hiring the child the right move? Hiring your child can be a tax-smart move, but the pay must be reasonable for the work performed.

Mid-year is an ideal time to review your tax situation, reduce year-end surprises, and take practical steps that could benefit individuals and small business owners.

For the fourth year, Meyers Brothers Kalicka, P.C. (MBK) partnered with A Bed for Every Child, based out of Lynn, MA. This year was special; People’s Bank (PB) joined the initiative and co-hosted the event with MBK.

Not every transaction between a disqualified person and a nonprofit is necessarily prohibited under excess benefit transaction rules.

Tax Tip: Heirs don’t have to report inheritances to the IRS. However, an estate’s executor must file a final income tax return for the deceased person and, if the estate is large enough, must file an estate tax return and pay estate taxes.