2020 IRS Inflation Adjustments
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...
Charitable Gifts: Getting the Paperwork Right
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...
CT Tax Law Changes Impacting CT Breweries
Kevin Harris CPA, Tax Manager 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...
Do You Need Interruption Insurance?
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...
401(k) and IRA Contribution Limit Increases in 2019
This year, The IRS has announced cost of living adjustments that will affect dollar limitations for pension plans and other retirement-related items for the 2019 tax year....
Know The Advantages of S Corporations
S corporations are entities that can pass corporate income, losses, deductions and credits through to shareholders for federal tax purposes. This article will outline the...