We have great respect for and are committed to protecting your privacy. Accordingly, we have adopted a most comprehensive Privacy Policy for your protection. We promise we will take all available and necessary steps to use your personal information only in in a manner compatible with this Privacy Policy.
MLB will take all appropriate steps to keep your personal information confidential. Those steps include limiting access to customer information databases, communicating this policy statement to all MLB employees and establishing and enforcing penalties for violating this statement.
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Springfield to recover investment losses
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I was interested to read in todays Boston Globe that Merrill Lynch has agreed to repay the City of Springfield for nearly $14 million in investment losses, as well as the City’s legal fees. The losses were reportedly related to “collateralized debt obligations,” which are securities linked to bonds and loans, including subprime mortgages, [...]
Domain Names as virtual assets
A recent article in the New York Times reminded me, once again, of the increasing power and business value of the internet. The Times article “Coins in the New Realm,” highlighted the increasing value of internet domain names as revenue generating assets for business.
Traditional small businesses are increasingly turning to the internet to advertise, sell [...]
New Massachusetts Withholding Requirement
Massachusetts has joined other states which have attempted to reduce the gap between taxes due and taxes collected by requiring most partnerships, Subchapter S corporations, and multi-member limited liability companies which are classified as partnerships under federal income tax laws (“Pass-through Entities”) to withhold tax on the income taxable to their members. The new Pass-through [...]
Three rules for social clubs to live by
TLB regularly receives questions regarding the activities of social clubs, such as golf clubs, beach clubs, etc. There is a long history with regard to the IRS and its position on the various issues faced by these organizations. Three specific areas that receive IRS attention and scrutiny are discussed below.
Social clubs are organized for pleasure, [...]
Extreme Makeover - Brewster
MLB is excited to announce it is renovating its office located at the Orleans-Brewster Office Park. The makeover includes re-configuring some of the interior space, painting, new carpets, new furnishings, new window blinds, new artwork and more. When complete MLB will have a beautiful, 3000 square foot, state of the art accounting office.
One of the [...]