Capital Gains, Losses and Sale of Home

You may be trying to get your brain around how to figure out basis of property that you receive as a gift. Here's what you have to consider: The adjusted cost basis to the donor just before he or she made the gift to you.The fair market value (FMV) at the time you...

read more

Living Wills — and How to Use Them

If you find yourself on life support, who will make decisions for you? Unfortunately, it's been estimated that fewer than one in three Americans have what's called a living will or advance health care directive. But no matter what you call it, it's important because...

read more

Can You Still Deduct Meal Expenses?

The Tax Cuts and Jobs Act made changes to deductions for meals. In fact, it eliminated the deduction for any expenses related to activities that used to be considered entertainment, amusement or recreation. But you'll be glad to hear that you may continue to deduct 50...

read more

Do You Have to File an Information Return?

If you engaged in certain financial transactions during the calendar year as a small business or self-employed (individual), you are most likely required to file an information return to the IRS. Below are some of the transactions that you have to report. Services...

read more

To Lease or to Buy — That Is the Question

Businesses looking to acquire assets in the most cost-effective way must weigh the pros and cons of leasing versus buying. Small businesses, especially, often favor leasing equipment as an alternative financing arrangement to acquire the use of assets without having...

read more

24th Annual Holiday Giving Campaign

Our employees have big hearts! Donations were made and over $660.00 was raised to participate in Team Inc.’s Toys 4 Kids holiday toy drive program. TEAM Inc., is a national leader in not-for-profit management and program performance in the field of human services,...

read more

Scam Alert for Connecticut LLCs

A new year often brings a new scam.  We have been notified of a new scam targeting Connecticut LLCs.  A form entitled “2018  - Annual Report Instruction Form (Connecticut LLCs”) sent via U.S postal services’ regular mail comes from Workplace Compliance Services, a...

read more
Print Friendly, PDF & Email