2023 Digital Payment Tax Reporting Requirements
Venmo is a mobile payment app and digital wallet owned by PayPal which, since 2009, has made sending and receiving money easy. Once an [...]
22
03, 2023
23
02, 2023
Accounting Challenges faced by Cannabis Businesses
The cannabis industry continues to grow astronomically, with experts predicting the market value will reach $82 billion by 2027. With more states authorizing the [...]
16
02, 2023
C Corporations Still Retain Value
There are many considerations when choosing an entity type for your business. If your intentions are for long-term tax benefits consideration should be given [...]
13
02, 2023
Equity Match Grant Program for Women Owned Businesses
The Connecticut Women’s Business Development Council is reopening its Equity Match Grant Program for the year 2023. Applications are open now and will close [...]
2
02, 2023
Advantages of Audits for Nonprofits
By their nature, non-profit organizations rely on support from a variety of sources such as government agencies, private foundations, or individual donors. Depending on [...]
19
01, 2023
How to Deduct Home Office Expenses
The home office deduction allows some taxpayers to deduct certain home office expenses on their tax returns. Employees are not elidable for home office [...]
5
01, 2023
2022 Year-End Tax Planning Checklist
As we turn over into the 2023 new year we begin to prepare for tax filing season and review our financials from the previous [...]
14
12, 2022
Retirement Plan Limits for 2023
The IRS has announced increased retirement plan limits for 2023 contributions as well as limits on contributions to health savings accounts. These new limits [...]
7
12, 2022
1099 Vendor Forms Due January 31st
As we approach year-end 2022, let’s get a jump on our vendor 1099 forms, due at January month-end 1/31/2023 by knowing your filing requirements: [...]
30
11, 2022
Energy-Efficient Home Tax Credits
The 2022 Inflation Reduction Act extends and expands tax credits for energy-efficient home improvements for individual homeowners. The Non-Business Energy Property Credit, which expired [...]