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Business meals 100% deductible

Take Your Client Out for Dinner

July 21, 2021

With so many tax changes taking place over the last few years, it is hard to keep up with everything that is going on. However, this one is worth a […]

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Advance Child Tax Credit Payments

Advance Child Tax Credit Update & Why You May Want to Opt Out

July 12, 2021

The IRS has started sending letters to over 36 million families who, based on tax returns filed, became eligible to receive monthly child tax credit payments starting July 15. Eligibility […]

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IRS Answers ARP Questions

The IRS Answers American Rescue Plan Tax Credit Questions

July 8, 2021

The IRS recently answered some of the most frequently-asked-questions from families and small and mid-sized employers about claiming credits under the American Rescue Plan (ARP). These FAQs provide information on […]

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Enhance Your Wealth Management with Trusts

July 8, 2021

Trusts can be a useful tool for affluent individuals and families when it comes to wealth management, protection and growth. But there are a wide variety to choose from, so […]

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Starting a New Business? Know Your Tax Rules!

July 1, 2021

With the economy improving now and in the months or quarters ahead, many business owners and entrepreneurs may decide to launch new enterprises. If you’re among them, be aware that the […]

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advance child tax credits in CT

Q&A on the Advance Child Tax Credit Payments

June 16, 2021

There are a lot of questions swirling around about the advance Child Tax Credit, so we wanted to answer a few of them here. If you have further questions, or […]

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IRS Investment

Treasury Encourages More IRS Investment

June 14, 2021

The Treasury Department recently released a statement discussing investment in the IRS and improving tax compliance. While roughly 99 percent of the taxes due on wages are remitted to the […]

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Refund for unemployment tax

Unemployment Tax Refunds on the Way

June 10, 2021

The IRS announced that it had started issuing refunds to eligible taxpayers who paid taxes on 2020 unemployment compensation that was excluded from taxable income by the recently enacted American […]

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Other Rescue Benefits Outside of Stimulus Checks

June 3, 2021

When you think back on this spring, you may recall a deposit to your bank account by the federal government (if you were eligible). Economic Impact Payments were a focal […]

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Keep These 3 Things in Mind After Filing Your Tax Return

May 27, 2021

Regardless of when your return is filed, and that date keeps moving from year to year it seems, here are three things to keep in mind. You can check on […]

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Amounts Paid for COVID-19 PPE Are Deductible Medical Expenses

May 20, 2021

The IRS recently issued guidance clarifying that amounts paid for personal protective equipment (PPE)—such as masks, hand sanitizer and sanitizing wipes—for the primary purpose of preventing the spread of the […]

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PPP Loan Updates and Latest News

May 18, 2021

We’ve written a lot about the PPP loans and tried to keep you abreast of what you need to know about them as new information was available. With the second […]

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