News and information

The Small Business Health Care Tax Credit
The Patient Protection and Affordable Care Act was passed by Congress and was signed by President Obama on March 23, 2010. Included in this Act is a Federal income tax credit, effective with tax years beginning in 2010, for certain small employers or tax- exempt organizations who provide health coverage to their employees. Read more...


Congress Extends and Liberalizes Homebuyer Tax Credit

On November 6, the President signed into law H.R. 3548, the Worker, Homeownership, and Business Assistance Act of 2009. The new law extends and generally liberalizes the tax credit for first-time homebuyers, making it a much more flexible tax-saving tool. It also includes some crackdowns designed to prevent abuse of the credit. These important changes could it make it easier for you or someone in your family to buy a home. Read more...


Tax Credits Available for Energy Efficient Home Improvements

A great way to cut energy costs and save up to $1,500 in federal income taxes is to make certain energy efficiency improvements to your home. You just need to be sure to pick the right product. Read more...


Federal Trade Commission Establishes New Identity Theft Prevention Requirements for Certain Businesses and Other Organizations – Compliance Date is June 10, 2010

The Federal Trade Commission’s Red Flags Rule requires many businesses and organizations to implement a written identity theft prevention program by June 10, 2010. Your organization may be subject to this rule, and if you haven’t already taken steps to comply, your best course of action is to find out more about these rules right away by reading the Federal Trade Commission’s publication: Fighting Fraud with the Red Flags Rule: A How To Guide for Business. Read more...


State of Connecticut Makes Significant Tax Law Changes and Two Important Federal Tax Benefits are Scheduled to Expire on November 30, 2009

Summary of Major State of Connecticut Tax Changes Approved by the State Legislature and Announced by Governor Rell on September 1, 2009. These State personal and corporate income tax changes are retroactively effective on January 1, 2009: Read more...