In recent years, there has been growing recognition within the business community of the importance of Environmental, Social, and Governance (ESG) initiatives. Companies are increasingly incorporating ESG considerations into their long-term strategies: not only to be a responsible member of a worldwide sustainability movement but also to enhance future financial performance and resilience. As ESG [...]
The Cherrytree Group continues to expand its influence — both in the Northeast as well as nationwide. Led by our founder and sage, Warren Kirshenbaum, The Cherrytree Group successfully ended its 13th year: increasing our fund capabilities and welcoming a range of new clients and projects. Here’s a quick recap: Our renewable energy portfolio has [...]
Published by Inside Public Accounting, August 25, 2023 By Warren Kirshenbaum As CPA firms try to reimagine their businesses by offering services that extend beyond traditional tax returns and assurance work, the combined effects of an ongoing labor shortage and a lack of expertise can often hold them back. That’s why Engineered Advisory (EA), an offshoot of [...]
By Warren Kirshenbaum When asked about the horrific on-field cardiac arrest suffered by Buffalo Bills player Damar Hamlin earlier this month, New England Patriots coach Bill Belichick pointed out that while football coaches and their players have a natural tendency to overly focus on the X’s and O’s — to the almost-exclusion of all [...]
Led by Ambrosino, They’re Hitting The Ground Running Three women are now the highest-level leaders of the BCONE Executive Team ready to tackle 2023 with vision, execution, and results -- all with an emphasis on networking and education. By Steve Dwyer To Melina Ambrosino, the newly elected President of BCONE, the collaborative [...]
At 35 years of age, Melina Ambrosino has scaled some remarkable heights. After graduating from college — and lacking any ties or connections in the real estate or financial services fields — she rose in 10 years to become president of Newton-based tax advisory firm Cherrytree Group. This past month she was honored once again: elected [...]
The major legislation passed by Congress this month is nothing short of transformational. The Inflation Reduction Act (which I’ll nickname as the "Climate Tax Bill”), if passed by the House, would expand the use of Federal tax credits to advance climate stabilization goals and attempt to curb global warming. In doing so, this bill lays [...]
New England Chapter, Certified Commercial Investment Members Michael Chase of the New England Chapter of CCIM interviews Cherrytree’s Melina Ambrosino about opportunities for developers to take advantage of state and Federal tax credit programs to reduce project costs. Commercial developers can use the credits for themselves — or, for many programs — sell [...]
The Epoch Times, August 12, 2022 Updated: August 15, 2022 By Autumn Spredemann Tax credits have been a go-to move for the U.S. government to incentivize renewable energy project developers for years. Yet substantial profits are ending up in the pockets of the corporate banking industry. As of last year, the renewable tax equity market represents [...]
Overview A Federal Tax Credit, which is known as an investment tax credit or ITC, is described in Internal Revenue Code (“IRC”) Sec 38 (the General Business Credit). IRC Section 38 provides for several different ITC’s, such as the low-income housing tax credit, the historic rehabilitation tax credit, and the renewable energy tax credit. [...]
