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Handle Mutual Funds With Care at Year End
As the year is coming to a close, it is a good time to review any mutual fund holdings in your taxable accounts and and do what is necessary to […]
Read MoreHave You Reviewed Sales Tax Laws Lately?
The U.S. Supreme Court ruled in South Dakota v. Wayfair over two years ago. The ruling said that states may require out-of-state sellers to collect sales and use tax even if they […]
Read MoreDo You Know Your Taxpayer Filing Status?
Most of us are ready for 2020 to end. From a tax perspective, however, the end of the year means thinking about the filing status you’ll use when filing your […]
Read MoreIRS States that Expenses Paid with PPP Loan Proceeds Are Not Deductible
There has been a lot of confusion and discussion about what is, and is not, deductible when it comes to Paycheck Protection Program (PPP) loan funds. While it was clear […]
Read MoreHelping Those in the Sandwich Generation
Most people love a good sandwich, but in this case, being in the “sandwich generation” can be a real challenge. Originally coined to describe Baby Boomers caught between caring for their […]
Read MoreIRS Makes Inflation Adjustments for 2021
2020 has been a rough year, so we can all use a bit of good news. While it’s not a huge adjustment, the IRS recently announced more than 60 tax […]
Read MoreCT Creates $50M Grant Program for Small Businesses & Nonprofits
The Connecticut Department of Economic and Community Development (DECD) recently created a $50 million grant program to help small businesses and nonprofits in the state recover from the ongoing challenges […]
Read MoreIs Nonqualified Deferred Compensation for You?
First, let’s define what a nonqualified deferred compensation (NQDC) plan is. These plans allow you to set aside large amounts of tax-deferred compensation and then schedule distributions that align with your […]
Read MoreAMT Has Less Impact with TCJA
The alternative minimum tax (AMT) has negatively impacted many taxpayers in the middle- to upper-income brackets for many years. The Tax Cuts and Jobs Act (TCJA) took much of the […]
Read MoreNew PPP Rule Changes Forgiveness Application Process
One of the lingering questions about the Paycheck Protection Program (PPP) has been what will be required during the forgiveness application process. On October 8, 2020, the SBA released the Interim […]
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