Today’s routine is similar to many other days until you started opening your mail.  In today’s mail is a notice that you are being audited by the IRS.
Now what do you do?  Give your CPA a Power of Attorney. more…

Dear Clients & Friends,

We are holding our 6th annual Fall Food Drive from October 3 – October 31, 2011.  All items will be donated to the MACC Food Pantry.  more…

Recently, we were able to get a $49,000 IRS civil penalty waived for one of our Connecticut business clients.  If we failed to get this penalty waived, this business would have closed its doors. more…

How long have you been in business and how did you get started?

My experience relating to criminal justice started when I was fourteen as a member of an organization affiliated with a local police department.   I continued my education after high school, earning a degree in criminal justice and in accounting.  After my involvement as an accountant assisting a local police department with an embezzlement case in 1990, I knew this was the field for me.  The challenge in 1990 was that the field of forensic accounting was much less known than it is today. more…

Mortgage Interest—Many taxpayers can deduct their mortgage interest on their residence.  However, there is a limitation on this.  The interest on a primary residence can only be deducted on up to $1,000,000 mortgage and $100,000 line of credit.  Points paid to secure a mortgage when purchasing a new home are fully deductible.  Points paid on a refinance must be amortized over the life of the loan. more…