1099 Vendor Forms Due at Month-End January 31st
As we welcome in the New Year, let’s get a jump on our vendor 1099 forms, due at month-end 1/31/22 by knowing your filing [...]
5
01, 2022
5
01, 2022
How Sick Leave is Reported on a W2
Background The Cares Act created the sick leave tax credit which allows employers to get a credit for time employees were out of work [...]
29
12, 2021
Home Office Deductions
Each year, including this year, 2021, the IRS offers a home office deduction which is available to self-employed individuals. People who work from home [...]
20
12, 2021
IRS Clarifies Temporary 100% Deduction for Restaurant Meals and Per Diem Payments
The IRS has released Notice 2021-63, which clarifies the temporary 100% business meals deduction for food or beverages from restaurants in 2021. Normally, there [...]
15
12, 2021
Understanding IRAs and 401ks
I am sure that you have heard of IRA and 401k retirement savings, but do you fully understand the meaning of these? What is [...]
8
12, 2021
Informational Letters From the IRS coming in January 2022
In early January 2022, the IRS will be sending out letters to some taxpayers. It is very important to save these letters for use [...]
1
12, 2021
Second Week Approaching – Sales Tax Relief for Sellers of Meals
The Connecticut Department of Revenue Services is offering certain sellers of meals the opportunity to retain all sales tax they collect on sales of [...]
23
11, 2021
Florida Residency & Reduced Taxes
What draws New Englanders to relocate to Florida? Warmer weather and reduced taxes. Florida is one of the few states with no income taxes. [...]
15
11, 2021
Tax Saving Strategies for 2021
Around this time of year, it is always good to take a moment to consider tax saving strategies to help lower your income taxes. [...]
4
11, 2021
Connecticut Tax Amnesty Program
Connecticut’s Department of Revenue Services is offering a Tax Amnesty Program that starts November 1st, 2021 and runs through January 31, 2021. Individuals and [...]