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Medical and Dental Expenses: What Can You Deduct?
Can you deduct medical and dental expenses? That's a complicated question. To start with, your deductions must exceed 7.5 percent of your adjusted gross income. And they have to fall into an IRS-approved category. Deductible medical expenses may include, but aren’t...
read moreTo 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 more24th 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 moreScam 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 moreThe New Sales Tax Landscape
Economic nexus is an encompassing term for how a state determines a connection between itself and a taxpayer, enabling them to impose a tax. Over the course of the last year, the guidelines of economic nexus have rapidly expanded in terms of where and how states can...
read moreNew Hire Reporting: Are You In Compliance?
The Personal Responsibility and Work Opportunity Reconciliation Act of 1996 (PRWORA) is a federal law that requires employers to report specific information on new hires and rehired employees to the state. Generally, all new employees and rehires who are required...
read moreDHL&S’s Annual Thanksgiving Food Drive
DHL&S’s Annual Thanksgiving Food Drive once again donates boxes of food and Stop & Shop gift cards to BHCare, a nonprofit agency that provides behavioral health, prevention and domestic violence services that improve the lives and health of individuals,...
read moreDHL&S’s 2018 United Way Giving Campaign a Success!!
Thank you to all our employees who donated to this year’s campaign. Our firm exceeded our goal by 5%, collecting $8,366.00! The United Way will take these donations and distribute them amongst local partner agencies who are working hard to improve the lives of people...
read moreHow to Handle Disagreements with the IRS
You're stuck in a tax audit. After an IRS examiner receives your documentation and makes a decision regarding proposed changes to your return, there are several options available as follows: You can sign the letter stating that you agree with the proposed changes. If...
read moreEmployee Overpayment Can Lead to Problems
You may have overpaid an employee because someone entered the wrong information into the system. Or maybe the employee or his or her supervisor submitted inaccurate data. Either way, this type of error is usually easily fixable. You do have to follow certain...
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