Standard Mileage Rates to Go Up in 2022
As of January 1st, 2022, the standard mileage rate for business use of a car, van, pickup truck, or panel truck has risen to [...]
16
02, 2022
26
01, 2022
2021 Tax Filing Checklist
As tax filing season begins there are many things you can do as a taxpayer to prepare yourself and your accountant for a stress-free [...]
5
01, 2022
How Sick Leave is Reported on a W2
Background The Cares Act created the sick leave tax credit which allows employers to get a credit for time employees were out of work [...]
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 [...]
1
12, 2021
Second Week Approaching – Sales Tax Relief for Sellers of Meals
The Connecticut Department of Revenue Services is offering certain sellers of meals the opportunity to retain all sales tax they collect on sales of [...]
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 [...]
12
08, 2021
Tax Breaks for Retirees that You Should Take Advantage Of
Millions of people retire every year and this past year the pandemic has pushed more people into retirement. Whether the retirements were voluntary or [...]
4
08, 2021
Connecticut Department of Revenue Services Offering Sales Tax Relief for Sellers of Meals
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
Millions of families are eligible to receive a generous Child Tax Credit (CTC) for 2021. The American Rescue Plan Act of 2021 expanded the [...]