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 [...]
The Cherrytree Group Each year brings new sunshine and a few storms, and 2022 was no different. Our experiences from year to year can vary but the challenge is always the same: how prepared are we to navigate these unexpected storms? And what can we build during the moments of sunshine? It’s funny how a [...]
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 [...]
After 10 years in business, the Cherrytree Group has been fortunate to have been able to grow to a level of strength and stability: recently surpassing $100 million in tax credits placed on behalf its clients. It’s a total team effort — but a key member of our team has been a young lady from [...]
Tax planning options are varied and complex — almost as if they were designed with some sort of mischievous intent. The Internal Revenue Code is a labyrinth of hard-to-decipher regulations intended to minimize tax sheltering and avoidance. Books could be written about the complexities — if it weren’t that those books would be out of [...]
This was a year that challenged us in ways we never could have imagined. At Cherrytree we’re hardly alone in that assessment, yet all of us feel fortunate to have remained healthy and productive throughout a year that will be fondly remembered by…almost no one. Here’s how 2020 played out for us: In order to [...]
As we all work quickly through our business day, there’s a tendency to use shorthand to describe various financial instruments, initiatives and strategies. We all do it. But sometimes the meanings can become lost. In recent interactions with our clients, I have noticed some confusion between the phrases: “tax credit investment,” “working capital needs” and [...]
At the Cherrytree Group, we understand tax credits are a bit of a “dense” topic. And we also understand that many real estate developers and investors don't always know where to begin to find out if they might be a candidate to take advantage of the various Federal and state tax credit programs. That’s why [...]
Brand identity is a big part of effectively doing business today. More than ever, customers are interested in what your brand says, what your values are, how you communicate your product and how you want people to feel when they interact with it. When it came time for the Cherrytree Group to find a larger [...]
