Newsroom
Latest News and Events
Baby on the Way: Knowing All About Maternity and Paternity Leave
Mothers and fathers have been navigating maternity and paternity leave policies for decades. Unfortunately, the U.S. has one of the least impressive frameworks for this time off in place. But with knowledge and planning, you can make this time work for you and your...
read moreEffects of Reciprocal Agreements on Your Business
A tax reciprocal agreement is established when two states agree to avoid the burden of dual taxation on employees who live in one state while working in another state. The contract exempts the employee from taxes in his or her work state while requiring payment only...
read moreBitcoin: What’s Happening?
Bitcoin is a decentralized digital currency — a cryptocurrency. It's essentially a form of money that exists only as computer code and is not overseen by any central bank. It was created in 2009 and is maturing as a recognized asset class on Wall Street. Already,...
read moreMoving and Mileage: Roundup of TCJA Changes
The IRS has provided information to taxpayers and employers about changes related to the Tax Cuts and Jobs Act on the rules for these expenses: moving, vehicle and unreimbursed employee. But there's a bright spot: The agency offered information about higher...
read more2018 DHL&S Summer Outing
On Friday, June 29, 2018, DHL&S recharged their batteries after a very busy tax season at the Colonial Tavern in Oxford, CT. Enjoying the beautiful weather, eating, swimming and playing water balloon toss, were just some of the activities planned for the day!...
read moreUnderstanding Your Payroll Tax Liabilities
On the federal level, employer-only taxes include Social Security tax, Medicare tax, and federal unemployment (or FUTA) tax, which are administered by the Internal Revenue Service (IRS). On the state level, employers are on the hook for state unemployment (or SUTA)...
read moreDo You Need to Hire a Business Consultant?
Thinking that maybe an outside expert can help you solve an internal business problem? Here are the positives to hiring a business consultant. They can Be a source of specialized knowledge, bringing skills and experience. Help with marketing, sales development,...
read moreMedicaid Trusts: Key for Long-Term Medical Planning
A Medicaid trust can help you qualify for Medicaid while preserving your estate. But they're complicated, and you need to know the kinds of trusts available, and how they work. Medicaid trusts fall into the general categories of revocable and irrevocable trusts. Most...
read moreHobby vs. Business: What’s the Difference to the IRS?
What's in a word? A world of tax consequences when the word is "business" or "hobby." In a nutshell: If you and the IRS determine that an activity is a business, you'll owe taxes on profits and will be allowed to deduct expenses for conducting that business. But if...
read moreDoes Your Company Sell Products Over the Internet?
By: James S. Rollinson, Jr., CPA Two old court cases were very favorable to the online retailer but unfortunately, do not reflect the digital world we live in today. “National Bellas Hess, Inc. v. Department of Revenue of Illinois” in 1967 and “Quill Corporation v....
read more