KEY U.S. FEDERAL AND GLOBAL DEVELOPMENTS Since 2023, there has been a wave of significant tax and regulatory developments affecting digital assets in the United States and abroad. To help clients stay grounded amid rapid change, we’ve prepared a brief, focused review of several of the most important updates. What follows is a concise summary […]
On July 4, 2025, President Trump signed into law the One Big Beautiful Bill Act (the “OBBBA”), which has introduced major changes to the U.S. Internal Revenue Code (the “IRC”). Many of these changes extend President Trump’s 2017 tax cuts that were set to expire, and the OBBBA also includes new tax cuts and deductions that could impact […]
The One Big Beautiful Bill Act (the “Act”), signed into law on July 4, 2025, established a new deduction regime on overtime pay and tips that has garnered significant attention. Workers can now deduct up to $12,500 in overtime pay and up to $25,000 in reported tips when filing their federal tax returns. Workers will not see the impact of this law change until filing their […]
Since the inception of Massachusetts’ income tax, the Commonwealth’s constitution has provided that tax could only be assessed at a flat rate across all income levels–currently 5%. When Massachusetts voters went to the polls on Tuesday, November 8, they were asked for the sixth time in the last 107 years whether this constitutional provision should be amended to allow for graduated income tax rates. For the first time, voters–narrowly–said yes.
Imagine selling stock in a corporation for several million dollars and paying exactly $0 of federal income tax. Sound too good to be true? While such an outcome seems like fantasy or even an illicit tax scheme, it is completely legal and even encouraged under Internal Revenue Code Section 1202. Entrepreneurs and other investors who hold stock […]
You’ve got a potential buyer, and they suggest that you structure the deal as an asset sale. Should you care?
Start-ups need a great idea or business proposition to succeed, but they also need top talent. Attracting talent to an exciting new enterprise is one thing, but convincing the best and brightest to stick around for the long run is another matter entirely. Private companies can provide this in many ways, but two prominent forms are stock options and grants of restricted stock.