“Nothing can be said to be certain, except death and taxes” – Benjamin Franklin Sorry, we can’t help with the death part. But here are 4 Easy Ways to Save Income Taxes: 1. Maximize your 401(k) plan contributions…
“Nothing can be said to be certain, except death and taxes” – Benjamin Franklin Sorry, we can’t help with the death part. But here are 4 Easy Ways to Save Income Taxes: 1. Maximize your 401(k) plan contributions…
All Connecticut business owners that own personal property must file a Personal Property Tax Declaration in the town that business resides in by November 1, 2019. Failure to file this declaration or filing late will result in a penalty equal…
Investors with earned income can fund a Roth IRA for up to $6,000 annually. Investors age 50 and older can fund an additional $1,000 with a ‘Catch-up” contribution for a total of $7,000 annually. Earned income is from working as…
A Roth Conversion is when you take a distribution from an IRA, tax it and rollover the proceeds within 60 days into a Roth IRA. In lieu of getting a check, have the funds sent from the IRA to the…
The State of Connecticut recently passed legislation to change the Pass-Through Entity Tax (PET). The PET was originally enacted effective January 1, 2018. This tax applies to Pass-Through Entities. Entities that are subject to this tax are: Partnerships Limited Liability…
