4 08, 2021

Connecticut Department of Revenue Services Offering Sales Tax Relief for Sellers of Meals

2021-10-08T14:54:30+00:00August 4th, 2021|Business, Connecticut, State, Tax Credit, Tax Return|

The Connecticut General Assembly enacted legislation under which certain sellers of meals are allowed to retain the sales tax they collect on sales of [...]

14 07, 2021

Connecticut Legalizes Recreational Marijuana

2021-10-08T15:00:03+00:00July 14th, 2021|Business, Cannabis, Connecticut, Individual, Industry, Investments, Small Business, State, Tax|

On June 22nd, 2021, Connecticut became the 19th State to legalize the recreational use of marijuana. Put into effect on July 1st, individuals 21 [...]

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 [...]

3 05, 2021

Restaurant Revitalization Fund Applications Open Today, May 3, 2021

2021-10-08T16:33:27+00:00May 3rd, 2021|Business, COVID-19, Federal, Grants & Loans, Individual, Restaurant, Small Business, State|

The American Rescue Plan Act established the Restaurant Revitalization Fund (RRF) to provide relief funds to restaurants and other food establishments so they can [...]

12 02, 2021

Stimulus Payments – What to know for your 2020 tax return

2021-10-08T16:53:51+00:00February 12th, 2021|Business, COVID-19, Employees, Individual, State, Tax Credit, 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 [...]

29 01, 2021

Energy Efficient Home Credit for Developers – How to claim for new construction

2021-10-08T16:56:27+00:00January 29th, 2021|Construction, Energy, Federal, Individual, Investments, Real Estate, State, Tax, Tax Credit, Technology, Tips and Tricks|

Energy efficient dwellings built between December 31, 2017, and December 31, 2020, now qualify for a tax credit, which was renewed under the Further [...]

15 01, 2021

Business / Real Estate Participation – Differences in tax treatment based on participation

2021-10-08T16:58:56+00:00January 15th, 2021|Business, Construction, Individual, Investments, Real Estate, State, Tax, Tips and Tricks|

The level of participation when managing real estate can determine the treatment of income and losses for tax purposes. Rental real estate is normally [...]

6 01, 2021

Second Stimulus Bill – What Businesses Should Know

2021-10-08T16:59:59+00:00January 6th, 2021|Business, COVID-19, Federal, Grants & Loans, Individual, Small Business, State|

Consolidated Appropriations Act 2021 - What businesses should know On December 27th, the $900 billion relief bill, the Consolidated Appropriations Act 2021, was signed [...]

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