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 [...]

20 12, 2021

IRS Clarifies Temporary 100% Deduction for Restaurant Meals and Per Diem Payments

2021-12-20T20:14:20+00:00December 20th, 2021|Business, COVID-19, Deductions, Restaurant, Small Business, Tax, Tax Credit, Tax Return, Tips and Tricks|

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 [...]

1 12, 2021

Second Week Approaching – Sales Tax Relief for Sellers of Meals

2021-12-06T15:41:13+00:00December 1st, 2021|Business, Connecticut, Tax, Tax Credit|

The Connecticut Department of Revenue Services is offering certain sellers of meals the opportunity to retain all sales tax they collect on sales of [...]

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 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 [...]

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