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 [...]
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: [...]
19
01, 2022
Women’s Business Development Council Equity Match Grant Program 2022
The Connecticut Women’s Business Development Council is reopening their Equity Match Grant Program. Applications are open now and will close February 13th. Grants between [...]
5
01, 2022
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
How Sick Leave is Reported on a W2
Background Information The Cares Act created the sick leave tax credit which allows employers to get a credit for time employees were out of [...]
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 [...]