Blog Archives

4 Easy Ways to Save Income Taxes

“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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3 Reasons to Do a Roth Conversion to Save Taxes

3 fingers held up

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


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CT Changes the Pass-Through Entity Tax (PET)

graphic of CT state map

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 The PET was originally enacted effective January 1, 2018.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


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