GT Reilly Company
  • Webtax Guide
  • Contact Us
  • Twitter Facebook Linked in

Call GT Reilly CPAs   617.696.8900

Blog

Reilly Manufacturing Advisor

Understanding the tax ramifications of shareholder loans

Nov 21, 2017

Owners occasionally borrow funds from their businesses, and a shareholder loan can be convenient and low-cost. But it’s important to treat the transaction as a bona fide loan, or the IRS may claim the shareholder received a taxable dividend or compensation payment rather than a loan.

Reilly Manufacturing Advisor

How to maximize the Massachusetts Investment Tax Credit (ITC)

Nov 21, 2017

The Massachusetts Investment Tax Credit (ITC) is a valuable credit for manufacturers, but without careful planning the credit can be minimized or eliminated even if the corporation purchased eligible machinery and equipment.

Reilly Manufacturing Advisor

Advantages of being a Massachusetts manufacturing corporation

Nov 21, 2017

Four state tax incentives afford manufacturers a significant advantage to being located in Massachusetts. But businesses must obtain the state’s manufacturing corporation classification in order to utilize the tax breaks.

Reilly Manufacturing Advisor

Manufacturers can save on labor costs for new hires

Nov 21, 2017

The Massachusetts On-the-Job Training Program (OJT) helps employers reduce the costs of hiring and training new employees.

Reilly Manufacturing Advisor

Massachusetts manufacturers eligible for job creation incentive programs

Nov 21, 2017

Several "Economic Development Incentive Programs" help manufacturers defray the costs of hiring and training workers.

Reilly Manufacturing Advisor

Local tax breaks can help manufacturers offset costs of growth

Nov 21, 2017

Many business owners focus on federal and state tax incentives to help offset the costs of growth. But local tax breaks can also be of help.

Sign up for our newsletter

Stay informed about our latest blog posts and firm news by signing up for our monthly newsletter