E-filing your tax return means submitting your tax returns electronically as opposed to mailing a paper copy of your return to the taxing authorities. In 2019, approximately 92% of returns were e-filed and that value is only expected to increase in 2020. In fact in...
There’s no denying it – tax time is stressful. If you’ve never used our firm to prepare your tax return before or haven’t sent in your 2019 tax information yet, your mind may be flooded with questions: When is my tax information due to your office? What...
It’s one of the first things you learned to write in Kindergarten. At a young age you were taught to memorize this formula and have been filling in its blanks every day since then. What is it? It’s the date – mm/dd/yy. But in 2020, we’re suggesting a change, or...
Tax Season is arriving faster than this past summer left us. But fear not! If you’re reading this, you’re already one step closer to enjoying a stress-free tax season! Keep in mind the following reminders and deadlines and you’ll be on the yellow brick road to...
What are 1099s? This tax form reports the movement of money from one entity or person to another entity or person. In addition to Form 1099-MISC that reports subcontractor payments, there are additional 1099 tax forms that serve different purposes as follows: 1099-INT...
There are some big changes headed our way when it comes to salaries & wages. Here’s what you need to know to stay in the loop! In Connecticut Earlier this year, Connecticut lawmakers passed, “An Act Increasing the Minimum Fair Wage,” which raises the state’s...
Recent Comments