This tax season, the IRS has announced that they are gradually rolling out a new identity protection program that prevents anyone who has stolen your Social Security number from using it to file...
The decision of how to structure your business is one of the first, and most important, considerations a business must make. We have outlined the four corporate structures available to...
It is no surprise that talent shortage is causing employers to rethink how to attract prospective hires and and also retain exceptional talent. In a recent study, 80 percent of employees reported...
If you are an entrepreneur and have heard about the qualified business income deduction (also called Section 199A), you may be asking yourself if it could help you to save on taxes. Many business...
Last tax season, many taxpayers found it to be more beneficial to take the standard deduction and forgo itemized deductions due to tax law changes. Then again, some felt their expenses exceeded...
Where did 2019 go? It feels like we just finished filling out our 2018 tax returns and now it’s almost time to do the same for 2019. Are you ready? Is your business? To help you begin planning...
Every year, the IRS takes a fresh look at contribution limits and makes changes as they see necessary. Below are some of the more significant changes for the 2020 tax year you should be aware...
Numerous tax experts agree that effectively addressing your tax liability requires planning and attention throughout the entire year. Business owners who reap the most benefits consider their...
The IRS has recently published their inflation adjustments for various tax items for the 2020 tax year. Below is an overview of the adjustments that apply to a wide range of taxpayers. 1. In...
If you offer gifts or money to qualified organizations eligible to receive tax-deductible charitable contributions, you must have a bank record or written communication from the charity for any...
As of June 26, 2019, Connecticut Governor Ned Lamont signed a $43.4 billion budget for the 2020 and 2021 fiscal years. Included in this budget are specific items that will directly impact the...
Depending on business size, interruption insurance policy costs could range from $750 to $10,000 or more. If you have passed on insurance due to cost, consider this: Today there are a greater...
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