Blog Archives

CT Changes the Pass-Through Entity Tax (PET)

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 The PET was originally enacted effective January 1, 2018.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


Tagged with: , , , , , ,

The New Connecticut Business Entity Tax

The Jobs Cut and Tax Act (JCTA) of 2017 made the most sweeping changes to the Federal Income Tax Law in over 30 years. Read here to see the 7 Ways the 2017 Tax Bill Affects Connecticut Taxpayers. In additional


Tagged with: , , , , , ,

7 Ways The 2017 Tax Bill Affects Connecticut Taxpayers

    1) Decrease in Income Tax Rates   The 2018 income tax rates are as follows: Single                                        Married Filing Joint


Tagged with: , , , , , , , , , , ,

How to Pay Your Estimated Taxes

  Many taxpayers are employees and have their income taxes withheld from their paycheck.  Every April 15th they need to settle up with Uncle Sam and their state tax department.   Other taxpayers may not be employees or have taxes


Tagged with: , , , , , , , , , , , , , , , , , , , , , , , , , ,

How to Declare a Casualty Loss From Hurricane Sandy

  Hurricane Sandy has left her mark.  This included power outages, significant property damage and, sadly loss of life.


Tagged with: , , , , , , , , , , , , , , , , , , , ,