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5 Easy Steps to Opening a Business in Connecticut

Posted in Small Business on June 17, 2021

This article is original content written by Thomas Scanlon, CPA, CFP® of Manchester, CT.   1) Meet With Your CPA and Attorney The first step is to meet with your CPA and Attorney. Your CPA should be able to review your…

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4 Reasons to do a Roth Conversion

Posted in Tax News on June 17, 2021

This article is original content written by Thomas Scanlon, CPA, CFP® of Manchester, CT. A Roth Conversion is when funds are taken out of an IRA and converted into a Roth IRA. This conversion results in taxable income. Here are 4…

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The 401(k) Plan…The Foundation of Your Retirement

Posted in Tax News on June 13, 2021

This article is original content written by Thomas Scanlon, CPA, CFP® of Manchester, CT. Many employers will offer a 401(k) to their employees.  A 401(k) plan offers many advantages to employees.  The biggest advantage is tax-deferred investing.  These accounts are not…

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Things You NEED to Know About Filing Your 2020 Income Tax Returns

Posted in Tax News on March 31, 2021

Extended filing deadline for Individual returns (form 1040)   The IRS had extended the filing deadline for individual income tax returns (form 1040) ONLY to May 17, 2021. Tax payments can be made up to the May 17th filing date…

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