fbpx

Common Cents

Alfano & Company Team Blog
You Can Owe Less on Taxes Next Year

You Can Owe Less on Taxes Next Year

Tax season has passed, so you now only have a few more months to take tax-saving action. So where should you start? Work with a CPA to develop a tax plan. Tax Planning Helps You Owe Less On Taxes Tax planning with a trusted CPA will reduce your tax bill considerably....

THE IRS DIRTY DOZEN: COVID Scams

THE IRS DIRTY DOZEN: COVID Scams

The IRS has yet again released it’s “Dirty Dozen” scams for 2022. This week we’ll cover all COVID scams and how to avoid falling victim to them. Economic Impact Payment From COVID Scams The Scam: You may receive text messages, random incoming phone calls or emails...

Hobby Tax Rules: Is My Hobby A Business?

Hobby Tax Rules: Is My Hobby A Business?

Do you have a side hustle or hobby that you think of as a business? If you do, are you claiming tax losses on your Form 1040? If yes, you’ll want to pay careful attention. Why? Because the IRS may not consider your hobby a business and therefore they would not allow...

Are NFTs Taxable?

Are NFTs Taxable?

Have you bought or are you considering buying a Non-fungible Token (NFT)?  If so, you should know that your NFTs are taxable. Don’t let another day pass without considering the tax implications of your cryptocurrency transactions! Why are NFTs Considered Taxable? The...

Alfano & Company Team Spotlight: Melisa Scienza

Alfano & Company Team Spotlight: Melisa Scienza

Is Melisa Scienza your bookkeeper? If so, you’re in luck! Get to know her better in this team spotlight! About Melissa Melisa was born and raised in Buenos Aires, Argentina. As you’d expect, she speaks multiple languages. In fact, she’s tri-lingual! She speaks...

Are You Making Money Or Building Wealth?

Are You Making Money Or Building Wealth?

Business is booming. In a Forbes article from December 2021, a cited QuickBooks study found that “17 million people will ‘make the leap’ to start a new business in 2022.” Why is entrepreneurship suddenly so desirable? Because social media makes owning your own...

Authors

Categories

Get In Touch

weekdays

9AM - 5PM

Contact Info

Address

3 Boulder Avenue
Old Greenwich, CT 06870