Taxing Matters

Taxing Matters Taxing Matters is an accounting firm that specializes in working with small business owners and indi We are not just tax preparers – we are stress relievers!

At Taxing Matters we’ve been building client relationships for over twenty years. We are not your average store-front tax preparation shop open for two months a year shoving clients out the door at lightning speed. We work with clients year-round because life happens all year long, and our clients have questions and changes that affect their tax situation during the year. Some of our clients have

been with us for over twenty years and their children have gone on to become clients of ours as well.

Just Got Married? You will need to recalculate your payroll withholdings and file new W-4s reflecting your new status. I...
02/04/2025

Just Got Married? You will need to recalculate your payroll withholdings and file new W-4s reflecting your new status. If both of you work, your combined income could put you in a higher tax bracket. This can result in reduced and phased-out benefits.

Taxable income is generally equal to a taxpayer's adjusted gross income during the tax year less any allowable exemption...
02/03/2025

Taxable income is generally equal to a taxpayer's adjusted gross income during the tax year less any allowable exemptions and deductions.

“I don’t know the word ‘quit.’ Either I never did, or I have abolished it.”
01/31/2025

“I don’t know the word ‘quit.’ Either I never did, or I have abolished it.”

A partnership is the relationship between two or more people to do trade or business. Each person contributes money, pro...
01/30/2025

A partnership is the relationship between two or more people to do trade or business. Each person contributes money, property, labor or skill, and shares in the profits and losses of the business.

If you are considering selling your home or have recently sold your home, there are possible tax consequences. The good ...
01/28/2025

If you are considering selling your home or have recently sold your home, there are possible tax consequences. The good news? Much of the gain on the sale of your home may be tax exempt. The bad news? If you sold your home at a loss, in all likelihood, there is not a deduction available to you.

“LTD” is the abbreviation for “limited company.” A limited company is a type of corporation that limits the personal lia...
01/27/2025

“LTD” is the abbreviation for “limited company.” A limited company is a type of corporation that limits the personal liability of the corporation's shareholders.

“The best and most beautiful things in the world cannot be seen or even touched - they must be felt with the heart.”
01/24/2025

“The best and most beautiful things in the world cannot be seen or even touched - they must be felt with the heart.”

The Time Value of Money is a concept that cash flows of equal dollar amounts separated by a time interval have different...
01/23/2025

The Time Value of Money is a concept that cash flows of equal dollar amounts separated by a time interval have different present values because of the effect of compound interest.

If you are like millions of taxpayers in the service industry, you may receive tips. The tax code is clear; if you recei...
01/22/2025

If you are like millions of taxpayers in the service industry, you may receive tips. The tax code is clear; if you receive tips you must report them as income. Some employers have systems to make this easy, while others do not.

Your adjusted gross income (AGI) is your taxable income minus certain deductions. It’s a key number because the IRS uses...
01/21/2025

Your adjusted gross income (AGI) is your taxable income minus certain deductions. It’s a key number because the IRS uses your AGI to determine whether you qualify for other tax credits or deductions.

An LLC is a corporate structure where members cannot be held accountable for the company’s debts or liabilities. This ca...
01/20/2025

An LLC is a corporate structure where members cannot be held accountable for the company’s debts or liabilities. This can shield business owners from losing their entire life savings if, for example, someone were to sue the company.

Respect is what we owe; love, what we give.
01/17/2025

Respect is what we owe; love, what we give.

Address

171 Pine Hill Rd
Westport, MA
02790

Opening Hours

Monday 9am - 4pm
Tuesday 9am - 4pm
Wednesday 9am - 4pm
Thursday 9am - 4pm
Friday 9am - 4pm

Telephone

+15086369829

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