Blog Archives

CT DRS Announces Requirement for CT Businesses Starting May 2020

The Connecticut Department of Revenue Services (DRS) announced on its website on January 13, 2020 that it is transitioning to a new online portal, myconneCT, for filing and paying various taxes. The new online portal is one part of a


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5 Easy Ways to Save Taxes with the SECURE Act

hand on dollar bills

President Trump recently signed legislation called “Setting Every Community Up for Retirement Enhancement” (SECURE Act).  This legislation has 29 provisions in it and will affect many investors saving for retirement. One of the biggest changes is the removal of the


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4 Easy Ways to Save Income Taxes

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“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


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Filing Your Personal Property Declaration in Connecticut

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


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Why All Investors Should Fund A ‘Back Door’ Roth IRA

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


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