Committed to Excellence
Established in 1991, Lampiris & Company CPAs PC is dedicated and committed to service excellence, high quality business and tax advice, and are proactive in analyzing and understanding our clients’ goals. Our clients’ needs are our primary concern and we take pride in focusing our knowledge and expertise to assist in achieving success and prosperity. We expand our knowledge through continuing education and research to keep abreast of all the latest tax and accounting rules. This allows us the tools necessary to implement the best strategies available for each of our clients’ needs. Lampiris & Company, CPAs PC is member of the Massachusetts Society of CPAs and the American Institute of CPAs.
- Mike Langford, CEO, finservMarketing
He is a licensed and experienced CPA. His work is excellent and very professional. He is there when you need him. He has done a great job in helping me make my tax & financial decisions.
- Dimitri Kondis, Computer Software Consultant and Contractor
They are dependable, competent, helpful in explaining matters that are unclear, current on laws and regulations, prompt in dealing with any inquiries and a pleasure to work with. I would definitely recommend them to anyone looking for an accountant.
- Marvin Smith President/Managing Member: The Quadrant Group (Quadrant Real Estate, Inc.; Quadrant Real Estate, LLC; Quadrant North, LLC)
Lampiris & Company
A group of Democrats in Congress introduced a bill Tuesday to stop unlimited tax write-offs for performance-based executive pay. Senators Jack Reed, D-R.I., and Richard Blumenthal, D-Conn., along with Rep. Lloyd Doggett, D-Texas, are introducing the Stop Subsidizing Multimillion Dollar Corporate Bonuses Act. The legislation would prevent publicly traded corporations from deducting the cost of multimillion-dollar bonuses from their corporate tax bills. Under current tax law, when a publicly traded corporation calculates its taxable income, it is typically allowed to deduct the cost of compensation from its revenues, up to a limit of $1 million for the company’s most senior executives. However, many public corporations are able to avoid those limits and deduct executive compensation over that amount if it is considered performance-based compensation. For example, if a CEO receives $1 million in cash compensation and $14 million in performance-based compensation, the company’s taxable income would decline $15 million that year. With the current corporate tax rate at 35 percent, the company would thus receive a tax reduction of $5.25 million.
The Social Security Administration (SSA) has announced that the social security wage base subject to the social security tax rate of 6.20% for 2017 will be $127,200. This is an increase from the 2016 amount of $118,500.