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 [...]
14
12, 2022
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: [...]
9
11, 2022
Avoid Tax Penalties with Timely Tax Payments
For most taxpayers, during October, tax season is a distant thought. Although, Quarter 4 is a great time for taxpayers to review their withholding and [...]
14
09, 2022
Hero Pay for Connecticut Workers
*A helpline is available to help people who have applied to the “Hero Pay” program. If you are experiencing any issues with your account [...]
9
08, 2022
3 Criteria to Classify a Worker and Avoid Employee Misclassification
Some businesses may hire both independent contractors and employees, and they may perform similar work. There are key legal differences between an employee and [...]
15
06, 2022
Connecticut MyCTSavings Program
MyCTSavings is a state-sponsored program that gives all eligible individuals working in Connecticut access to a retirement plan. Many companies currently are not able [...]
13
10, 2021
Employee Retention Credit & The Recovery Startup Business
As part of the American Rescue Plan Act of March 2021, there has been an extension, as well as an expansion to who can [...]
27
05, 2021
Employee Retention Credit Updates
On April 2, 2021, the Internal Revenue Service (IRS) issued a second Employee Retention Credit (ERC) notice. Notice 2021-23 follows Notice 2021-20 and provides [...]
17
02, 2021
The Top Five Ways QuickBooks Online Makes Working from Home A Breeze
The changes brought on by the current pandemic have been hard for businesses on many levels. Our interactions with one another have been halted [...]
12
02, 2021
Stimulus Payments – What to know for your 2020 tax return
Stimulus checks (also known as Economic Impact Payments or EIP) were prepaid 2020 tax credits intended to stimulate the economy by providing consumers with [...]