MSPC CPAs

News

Tax Reform Update

On February 7, 2018, MSPC presented a webinar on the recently enacted Tax Cuts and Jobs Act of 2017 which represents the most significant change to the United States tax laws in over thirty years. This webinar includes an overview of some of the most important individual and business-related provisions of this tax reform, and how they…

Read More

Regulatory News: Taxpayer Deductions

The United States Tax Court (the “Tax Court”) recently issued a significant opinion, that of RERI Holdings I, LLC v. Commissioner, 149 T.C. 1 (2017).  In that case, the taxpayer, on its partnership tax return for the 2003 taxable year, claimed a $33 million charitable contribution deduction stemming from its contribution of property to the…

Read More

Take Advantages of Education-Related Tax Incentives

Tax time – it comes once a year, but unlike the holidays, it’s certainly not as festive or well-received. It can be an anxious period, as taxpayers compile essential documentation showing their income, withholdings, financial transactions (such as a new home purchase or the sale of stocks or bonds), and other meaningful tax-related activities during…

Read More

An Update on the Proposed Section 2704 Regulations

New regulations by the Treasury Department proposed earlier this year, formally entitled “Estate, Gift and Generation-Skipping Transfer Taxes; Restrictions on Liquidation of an Interest Regulations” (the Section 2704 regulations”) has business owners, accountants, and estate attorneys considering the best approach to deal with the potential for significantly higher estate tax liabilities. The Section 2704 regulations,…

Read More

MSPC Named to the IPA 300 List

MSPC has been ranked #266 on Inside Public Accounting’s Top 300 Firms list.  The firm is proud to have moved up three spots from its 2015 position of #269. View Inside Public Accounting’s Top 300 List.

Read More

Why Aren’t You Maxing Out Your 401(k)?

Your 401(K)  may be the best retirement planning tool you have. Do you have a million dollars? At the moment, probably not. But if you invest and save diligently and let your assets compound, who knows? You may be a millionaire someday. In fact, you may need to be a millionaire someday. If you stay…

Read More

MSPC Dunks for The Wounded Warrior Project

On Friday, June 19th, New Jersey-based CPA Firm MSPC employees gathered at the Cranford Office for a day of laughter, bonding, and giving back.  Charity is an integral part of the corporate culture and as such, employees volunteered to dunk or be dunked in an effort to raise money for charity during the firm’s annual…

Read More