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Why do businesses convert to S Corporations?

By Tony Wimperis Considering S Corporation status can bring substantial tax advantages, such as avoiding self-employment taxes and navigating pass-through taxation at federal and state READ MORE

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12 Ways the SECURE 2.0 Law Helps Individuals and Employees

The Setting Every Community Up for Retirement Enhancement 2.0 Act (SECURE 2.0) was part of the omnibus funding bill signed into law on December 29, READ MORE

Does Your Business Need a Temporary CFO?

Does your company need a chief financial officer but can’t afford to hire one full-time? Or does it simply need someone to help position your READ MORE

Update on Deducting Business Meal and Entertainment Expenses

The federal income tax treatment of business-related meal and entertainment expenses has been a moving target over the last few years. You’re not alone if READ MORE

Can You Swap Life Insurance for Long-Term Care Insurance?

Do you own a life insurance policy that’s no longer essential to your financial goals? You may have purchased a policy long ago when your READ MORE

Top 3 Federal Tax Law Changes that Could Affect Your Business Return

Every tax season, business owners must familiarize themselves with tax law changes that went into effect for that tax year. Fortunately, businesses don’t have to READ MORE

Connecticut Retirement Plan Mandate

By Richard Han, EA Did you know that Connecticut-based businesses with five or more employees are now required to opt into the state-based retirement plan? READ MORE

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