New York State Pass-Through Entity Tax (PTET)
New York introduced a new, elective Pass-through entity tax (PTET) that partnerships or New York S-corporations may want to take advantage of. The PTET [...]
6
10, 2021
29
09, 2021
CT Pass-Through Entity Tax Payments – Helpful Information
Please be advised as of September 15th, 2021 all Connecticut Pass-Through Entity Tax payments must be made via myconneCT. myconneCT support telephone number is [...]
17
09, 2021
Small Businesses Awarded Tax Credit for Providing Vaccination Paid Leave Ending September 30, 2021
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 [...]
9
09, 2021
Important September Tax Updates
As September rolls around, we want to remind our clients of some important deadlines and an update with Taxpayer Service Center (TSC). 1. 2021 [...]
1
09, 2021
Why Opting Out of the Advance Child Credit Payments May Make Sense
Families started to receive the advanced payments of the enhanced Child Tax Credit (CTC) on July 15th. However, families may want to reconsider taking [...]
25
08, 2021
Cannabis Businesses May Qualify for the Employee Retention Credit
While cannabis businesses have been disallowed from participating in most economic recovery packages resulting from COVID-19, companies in this industry may still be able [...]
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 [...]
26
07, 2021
Millions of Americans Wait Patiently for Their 2020 Federal Tax Refund
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 [...]
14
07, 2021
Connecticut Legalizes Recreational Marijuana
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
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 [...]