16 02, 2022

Standard Mileage Rates to Go Up in 2022

2022-02-16T17:48:08+00:00February 16th, 2022|Business, Connecticut, Deductions, Federal, Individual, Tax, Tax Credit, Tax Return|

As of January 1st, 2022, the standard mileage rate for business use of a car, van, pickup truck, or panel truck has risen to [...]

17 09, 2021

Small Businesses Awarded Tax Credit for Providing Vaccination Paid Leave Ending September 30, 2021

2021-10-08T14:33:58+00:00September 17th, 2021|Business, COVID-19, Federal, Small Business, Tax|

In an effort to encourage more individuals to get vaccinated, President Joe Biden has formed a paid-leave tax credit for employers that provide full [...]

26 07, 2021

Millions of Americans Wait Patiently for Their 2020 Federal Tax Refund

2021-10-08T14:55:48+00:00July 26th, 2021|Business, COVID-19, Federal, Individual, Tax, Tax Return|

This tax-filing season has been one like never before. Many of our clients have been contacting us wondering why they haven’t received their payment [...]

24 06, 2021

Working from Home Causes Dual-Taxation Dilemma

2021-10-08T15:18:49+00:00June 24th, 2021|Business, COVID-19, Federal, Financial Reporting, Individual, State, Tax|

The COVID-19 pandemic has drastically changed how businesses operate in the United States. During the past year, many companies were required to shift to [...]

14 06, 2021

Child tax credit payments are set to roll out in July, IRS says

2021-10-08T15:20:14+00:00June 14th, 2021|Federal, Individual, State, Tax, Tax Credit, Tips and Tricks|

Millions of families are eligible to receive a generous Child Tax Credit (CTC) for 2021. The American Rescue Plan Act of 2021 expanded the [...]

9 06, 2021

President Biden Proposal Includes Possible Capital Gains Tax Hike

2021-10-08T15:22:07+00:00June 9th, 2021|Business, Federal, Individual, Tax|

President Biden recently announced that he would increase the capital gains tax rate for wealthier Americans to nearly double the current level. Biden proposes [...]

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