News & Resources
The Options To Consider to Organize My Connecticut Small Business
If you own your own business, you have likely tried to find answers online about a lot of questions, from employee issues to paying taxes. However, many resources are specifically tailored to medium to large businesses. Unfortunately, solutions that work for those...
Stimulus Money and Income Taxes: What You Need to Know
After three rounds of stimulus money, the IRS has made millions of direct deposits, handed out millions of paper checks, and provided a significant number of pre-paid debit cards. All told, the federal government estimates that full payment of all funds directly to...
What Is the Difference Between a Connecticut Tax Preparation Service and an Accountant / CPA?
If you are like most Americans and have to do your taxes every year, you may wonder about the benefits of using a professional service instead of doing taxes yourself. You may also consider whether there is a real difference between tax preparation services like...
Preparing for your 2020 Taxes – a free webinar
I recently participated in a webinar to talk about proactive year-end tax planning. I was a co-host with Christopher Calandra. You can watch the entire webinar here or on YouTube. If you have tax planning questions, please call one of our offices. We can provide...
Filing your taxes late in Connecticut? Plan ahead
In some situations, filing your taxes at the last minute is inevitable. You may not get the documents you need from an employer or financial institution, or you just know that your schedule will not allow for filing as soon as you would like. In these situations, you...
5 Tax Benefits of Living in Connecticut
No one likes paying taxes. If there are any methods you can use to save on your tax obligations, then you likely want to know about them. Thankfully, there are some very specific tax savings opportunities for those who live in Connecticut and pay income tax here. A...
How Long Does It Take to Prepare a Tax Return?
According to the IRS, the average American takes 11 hours to prepare their tax return. That includes the time spent in gathering and organizing documents as well as actually sitting down to fill out your tax return forms. For many people, that time could be better...
Connecticut Business Owners Should Be Aware of this Updated at the Department of Revenue Services
This is from an August communication that the CT Department of Revenue sent out regarding how Connecticut business owners will file returns, make payments, etc. starting September 21, 2020. If you have any questions, please contact our offices: The Department of...
PPP Loan Forgiveness Planning for your Connecticut Business
You may have applied for and received (or are waiting for) your Paycheck Protection Program (PPP) Funds. For those of you that are participating in this program, I thought I would put together a useful checklist to help you receive the funds and track the expenses....
Tracking Your 2020 Paycheck Protection Program (PPP) Loan Expenses for Tax Time
If you own a small business, regardless of the kind of business or its form, and have received, hope to receive, or know someone who has received funds from the Paycheck Protection Program (PPP), then this message applies to you. The IRS released a notice (Notice...