Federal & State Hiring Credits Available in 2012
For 2012, the Federal work opportunity credit applies to veterans. If your company hires a veteran who has been unemployed at least four weeks, you may be eligible for a tax credit of up to $2,400. Higher credits are available for hiring veterans with service-connected disabilities or those who have been unemployed at least six months. Read more...

Year-End Tax Planning Considerations
In the waning days of 2011, it is a good time to think about and plan for tax saving strategies that are still available. Congress has us in a holding pattern on many items, which makes year end planning a bigger challenge than in some other years. However, following are a few things you can consider between now and New Year’s Eve that might ease this year’s tax burden and set a course for dealing with whatever Congress sends our way. Read more...

Connecticut Tax Increases and Changes Effective in 2011
Connecticut Senate Bill No. 1239 was adopted and signed into law by Governor Dannel Malloy on May 4, 2011. This new budget includes tax increases and changes that will affect virtually everyone who lives or works within the State of Connecticut. Not all items are covered here, but we have summarized below many of the points in the bill that we believe may impact our clients. If you would like to discuss how any of these items affect your 2011 business or individual tax planning, please contact us so that we may begin to address your concerns. Read more...

Overview of the Income Tax Provisions in the 2010 Tax Relief Act
The recently enacted “Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010” is a sweeping tax package that includes, among many other items, an extension of the Bush-era tax cuts for two years, estate tax relief, a two-year “patch” of the alternative minimum tax (AMT), a two-percentage-point cut in employee-paid payroll taxes and in self-employment tax for 2011, new incentives to invest in machinery and equipment, and a host of retroactively resuscitated and extended tax breaks for individuals and businesses. Read more...