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How to Plan for College Using The 529 Plan

Posted in Tax News on May 26, 2011

Next to saving for retirement, your biggest financial challenge is probably saving for your child’s college education.  College costs have skyrocketed!  People wonder how they will afford the cost of a college education in the future.  A 529 College Savings…

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Important Connecticut Witholding Tax Information for Employers

Posted in Tax News on May 19, 2011

Recently enacted legislation makes significant changes to Section 12-700(a) of the General Statutes retroactive to January 1, 2011. Employers and taxpayers need to perform catch-up withholding for the current tax year.  The following is a brief overview of the changes…

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The Last Mortgage Refinance

Posted in Tax News on May 13, 2011

What direction do you think interest rates are headed in? Homeowners have ridden the variable interest rate mortgage ride for all it’s worth. The prime rate hit 20% in 1980.  Since then interest rates have been in a long and…

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Connecticut Unemployment Fund to Assess Employers

Posted in Tax News on May 5, 2011

Unemployment Insurance benefits are financed by employers through the payment of taxes. Because of the severe economic recession, unemployment has risen to a current level of 9.1% nationally. In October of 2009, Connecticut’s Unemployment Trust Fund became insolvent and in…

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