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Pay Equity Requirement for New York Contractors

June 23, 2022

If your company does business with New York, there is a new law that could impact your likelihood of winning work. Like many states and municipalities, New York (both City […]

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Do You Have a Disaster Recovery Plan?

June 10, 2022

How hard would it be for you or your business to recover if you are hit by a natural – or even man-made – disaster? How long would it take […]

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Mileage Rates Increases Again

June 10, 2022

Back in January, we notified you of the 2022 increase in mileage rates to 58.5 cents per mile for business use. But as gas prices have continued to rise in […]

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More Businesses Need to E-File

June 8, 2022

A recent report by the Treasury Inspector General (IG) for Tax Administration focused on the need for the Internal Revenue Service to expand its electronic filing capabilities to better manage […]

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2022 Connecticut Child Tax Rebate

June 3, 2022

The Connecticut General Assembly recently authorized a child tax rebate of $250 per child with a maximum of $750 to help families with children. To be eligible, you must meet […]

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Letters Sent to Taxpayers Missing Qualified Opportunity Fund Information

May 25, 2022

Did you invest in a Qualified Opportunity Zone Fund (QOF) in 2021? If so, you may have received, or may still get, a letter from the IRS if you need […]

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Educator Deduction Increases for 2022

May 19, 2022

After 20 years with no increase, educators will be able to deduct up to $300 of out-of-pocket classroom expenses when they file their federal income tax return for tax year […]

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Tax Gap Close to $1 Trillion

May 12, 2022

IRS Commissioner Charles Rettig told members of the House Committee on Oversight and Reform’s Government Operations Subcommittee that the gap between taxes owed and taxes collected by the Internal Revenue […]

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Don’t Fall for These IRS Myths

May 9, 2022

False info about taxes is not all that uncommon, but recently the IRS addressed the following common myths about refunds:   Myth 1: Calling the IRS or visiting an IRS office […]

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IRS & Treasury Working Hard to End Pandemic Backlog

April 19, 2022

Deputy Secretary of the Treasury Wally Adeyemo and IRS Commissioner Charles P. Rettig outlined an aggressive plan to end the backlog. One of the most challenging tax seasons in history, millions […]

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IRS AI

Your Next Call to the IRS Could be Answered by a Bot

April 14, 2022

It has been well documented that the IRS is understaffed and far behind on processing returns. To help answer some of the easier questions from taxpayers, the IRS has announced that […]

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Make Sure You Report All Income on Your Returns

April 12, 2022

Did you drive Uber to make some extra money this year? Or dabble in cryptocurrency? The IRS is reminding taxpayers of reporting and potential tax obligations from working in the gig […]

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